ETHFI Skyrockets 40% in One Day: Liquid Restaking Protocol Token Hits All-Time High Amidst Restaking Craze

TL;DR Ether.Fi Governance Token (ETHFI) hits an all-time high of $7.2, recording a 50% increase in a 24-hour period. Restaking protocols become one of the hottest sectors in DeFi, leveraging Ethereum’s proof-of-stake blockchain to secure other networks. ETHFI’s performance could boost valuations of other liquid staking tokens in future airdrops, according to analysts. The fever […]

Will Bitcoin Break $74,000 Driven By TradFi FOMO?

Willy Woo, an on-chain analyst, believes the Bitcoin upswing is far from over. Citing the development in the Bitcoin Macro Oscillator and the possibility of traditional finance jumping on the bandwagon (FOMO), the odds of BTC rallying in at least two strong legs up in the coming session could not be discounted.  On-Chain Data Signals More Upside […]

The Benefits of Assets Tokenization

We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.Source: CoinDesk The post The Benefits of Assets Tokenization appeared first on Crypto Breaking News.

U.S Has its Eleventh Spot Bitcoin ETF After Hashdex Fund Conversion

Trading under the ticker DEFI, asset manager Hashdex’s Bitcoin Futures ETF – which had been trading as a futures-based fund on the New York Stock Exchange since 2022 – was renamed and converted into the Hashdex Bitcoin ETF and now operates as a spot bitcoin fund.Source: CoinDesk The post U.S Has its Eleventh Spot Bitcoin […]

BlackRock Tokenized Fund Draws $160 Million In Week Since Debut

BlackRock Inc.’s money-market fund that records share ownership on the Ethereum blockchain has attracted more than $160 million since its debut a week ago.Source: Bloomberg Crypto The post BlackRock Tokenized Fund Draws $160 Million In Week Since Debut appeared first on Crypto Breaking News.