Under the dreary Paris skies at the OECD Roundtable, amid a crowd hungry for hope, he laid it out plain-tokens sorted and classified like beans in a sack, capital dancing freely on chains, and regulators somehow holding hands instead of knives. The golden age of crypto, he said, is not just coming. It’s already knocking politely at the door.
The venture, which went by the name SBI Zodia Custody, saw the SBI side holding a 51% stake while Zodia Custody held a slightly less commanding 49%. A match made in financial heaven, right? Well, not so fast. Their shared goal was to craft custodial services for digital assets that were as solid as Fort Knox. But, alas, even the most well-laid plans sometimes crumble like a poorly baked soufflé.
In a move that screams “we’re here to make the rich richer,” the blockchain oracle platform Chainlink (LINK) announced on Thursday its unholy alliance with the global financial behemoth UBS and the institutional tokenized asset exchange DigiFT. Their mission? To automate the on-chain process for tokenized funds. Because, you know, manual labor is so last century. 🏦💨
Binance Coin, or BNB for those in the know, has decided that $900 is so last season and stamped a new all-time high at $907. This delightful ascent coincides rather neatly with the announcement of a global digital asset partnership between Binance and Franklin Templeton – who knew finance could be this trendy?
🍷 Meanwhile, Ether (ETH) saunters past $4,400 with the grace of a drunken nobleman, as ETHA and FETH funds suddenly find themselves popular again. How fickle these investors be!
Bitcoin spot ETFs, the grandmasters of the market, saw a combined inflow of $757.14 million. Fidelity’s FBTC, that paragon of virtue, led with $299.98 million, followed by BlackRock’s IBIT, the reigning champion, with $211.16 million. Ark 21Shares ARKB, ever the show-off, added $145.07 million, while Bitwise BITB, the underdog, recorded $44.40 million. Valkyrie’s BRRR also gained $15.70 million. 🏆
The Blockchain Center and CoinGlass are throwing a party with their altcoin season index at a whopping 76 out of 100! 🎉 CoinMarketCap’s indicator is slightly less tipsy at 67, but hey, it’s still doing the cha-cha! 💃 All three are higher than a kite since December! 🪁
A crypto exec from Dragonfly has called out Hyperliquid’s USDH stablecoin RFP as a total “farce,” claiming the whole thing was rigged to favor one bidder. Oh, and if you’re wondering who that lucky bidder is… you might want to pull up a chair because the drama is thick. Haseeb Qureshi went on a Twitter rant where he claimed that more than half of the other bidders also thought the validators were only interested in Native Markets. Sounds like a great reality show plot, right?
Ethereum isn’t far behind, crossing the $4,380 mark with a dainty 1.55% increase. It’s almost like Ethereum just whispered, “Hey, Bitcoin, I can do that too!” Meanwhile, Solana and Cardano are strutting around like they’ve just been handed invitations to the VIP section of the blockchain ball, up 1.99% and 1.47%, respectively. They’ve been getting some serious attention, and not just today. These overachievers have been riding high for the past week too.
Analysts, those wise old owls of the financial woods, warn that this token is a fickle lover, prone to capricious moods. The ghost of Squid Game’s rug-pull lingers, a reminder that not all digital dreams end in gold. 💸
