Solana now hosts FOBXX, a tokenized money market fund from Franklin Templeton. Analysts project SOL price uptrend amid a growing adoption trend. Franklin Templeton, a global investment firm with $1.6 trillion of assets under management, is going big on Solana (SOL). Only a day after filing for a Solana Trust, Franklin Templeton has unveiled its tokenized money fund on the Solana network. Franklin Templeton’s Tokenized Fund Goes Live on Solana The trillion-dollar asset manager gave the announcement on Tuesday in an X post. The asset manager disclosed that its Franklin OnChain US Government Money Fund, FOBXX, has debuted on Solana. …
Author: cryphedge
Shiba Inu (SHIB) has long yearned for a high-price spot. The meme coin is extremely popular within the crypto space and has proven its mettle from time to time after displaying credible potential to ace new highs. However, SHIB enthusiasts have long been standing in the queue, awaiting the token’s surge to crucial price spots such as the token claiming $0.001 or $0.01. Will this price target be easily attainable if SHIB ETFs become a reality? Let’s find out.Also Read: Visa Partners with Fold to Introduce Bitcoin-Backed Credit CardSHIB ETFs To Help The Token Claim $0.001?Source: Watcher GuruShiba Inu is…
Slime Miner, a hybrid Web2/Web3 idle RPG powered by Kaia Chain, has surged to 1 million users within its first 20 days, captivating gamers across Japan, Taiwan, and Thailand. This rapid growth is a testament to the game’s unique blend of engaging gameplay and innovative blockchain technology, attracting both traditional gamers and Web3 enthusiasts. A Hybrid Approach to Gaming Slime Miner stands out from typical Web3 games by prioritizing gameplay over blockchain integration. Players embark on a thrilling mining adventure, digging for rare minerals, upgrading their slimes, and customizing their drills with over 10,000 unique combinations. This core gameplay loop,…
The Ethereum Foundation has transferred a hefty amount of 50,000 ETH, valued at approximately $165 million into a multi-signature wallet to enhance its participation in the decentralized finance (DeFi) ecosystem. Vitalik Buterin, co-founder of Ethereum, had previously stated that he would rather support DeFi projects instead of selling ETH every week as per Wu Blockchain. Ethereum Foundation transfers 50,000 ETH to enhance its participation in DeFi ecosystem The funds are stored in a three-of-five multi-signature wallet on Safe, which will ensure security measure. An initial test transaction was successfully conducted on Aave, a lending platform. Ethereum Foundation’s Commitment This investment…
Coinbase disabled new user sign-ups in India in 2023 following regulatory roadblocks Brian Armstrong, Coinbase’s CEO, said the platform faced “internal pressure” from India’s central bank Binance resumed its operations in India last August after registering with the FIU Crypto exchange Coinbase is looking at re-entering India after pausing its operations there more than a year ago. According to sources familiar with the matter, the exchange is in discussion with authorities, including India’s Financial Intelligence Unit (FIU), reports Tech Crunch. A company spokesperson said: “Coinbase is excited by the opportunities in the Indian market and intends to comply with applicable…
South Korea’s Financial Services Commission (FSC) plans to roll out policies where it would allow universities, charities and cryptocurrency exchanges to sell portion of their cryptocurrency holdings. This policy will become effective from the second quarter of this year as per Wu Blockchain. The main aim of these policies is to provide these institutions with greater flexibility in managing their digital assets. South Korea’s FSC introduces crypto asset sales. Expanded Opportunities for Exchanges When crypto exchanges make transactions, they earn fees in cryptocurrencies and they have to hold onto these earned assets. With these new policies, the FSC will now…
The post XRP ETF Rumors Spark Surge! Rally to $3.50 or Drop to $2? appeared first on Coinpedia Fintech News Amid the rising speculation of the SEC acknowledging Grayscale’s 19b-4 filing for an “XRP ETF”, the XRP price has experienced a jump of over 2% overnight. Notably, with a potential XRP ETF approval, the Ripple price may head toward a new ATH shortly. Will the approval of the XRP ETF by the SEC push its price toward a new ATH this year? Moreover, investors are curious with questions like “Will XRP price ever recover?” In this article, we at CoinPedia…
The cryptocurrency market is currently portraying a mellow stance, with Bitcoin hovering between $95K and $97K levels. As Bitcoin aims to break above the $100K mark again, the altcoin market is also in the queue, waiting for their perfect breakthrough to happen any time soon. Will Shiba Inu (SHIB) and Dogecoin (DOGE) get past their critical price points to hit new all-time highs by the end of this month? Let’s find out.Also Read: De-Dollarization: 5 ASEAN Nations On Verge Of Dumping The US DollarShiba Inu Price Prediction for February EndSource: Watcher GuruThe Shiba Inu Ecosystem is currently under a revamp…
The ripple effect in the XRP community is palpable as the SEC gears up for another closed-door meeting, scheduled for February 13, 2025. This marks the third consecutive weekly closed session under the Sunshine Act, and the excitement is building.Could this be the meeting where the SEC finally pulls the plug on its appeal against Ripple, leading to a significant rally? The stakes are high as XRP’s future may rest on the commission’s next steps. A withdrawal of the appeal could potentially trigger a surge, pushing XRP toward a new all-time high. At the same time, the market is awaiting…
On February 12th, the Ethereum price witnessed a significant inflow to reach $2,730, registering an intraday gain of 5.5%. Contrary to broader market consolidation, this uptick can be attributed to 21Shares filing a proposal with the SEC to allow staking within its Core Ethereum ETF. The news bolsters ETH’s potential to rebound and recuperate bullish momentum. Key Highlights: A support trendline intact since June 2022 drives the current uptrend in Ethereum price. Cboe BZX Exchange has officially submitted a proposed rule change to the U.S. SEC, aiming to amend the structure of the 21Shares Core Ethereum ETF to incorporate Ethereum…
