In an X post, Franklin Templeton announced that its Franklin OnChain US Government Money Fund (FOBXX) is now live on the Solana network. The asset manager highlighted Solana’s speed, security, and censorship-resistance, promoting global adoption through its open infrastructure.FOBXX, which aims to maintain a stable $1 share price like a stablecoin, the fund is already available on the Ethereum, Base, Polygon, Avalanche, Aptos, and Arbitrum networks. Its first blockchain integration was with Stellar, about four years ago. Notably, the fund invests at least 99.5% of its total assets in U.S. government securities, cash and repurchase agreements collateralized fully by U.S.…
Author: cryphedge
Web3, driven by blockchain technology, has transformed how people interact and do business online. It strives to make data open, secure, and free from central control. Cryptocurrencies, DeFi, and NFTs have changed how people perceive and use digital assets. The world of Web3 and DeFi, including new kinds of lending and trading, is growing fast. Seedtable lists 651 crypto and Web3 startups as of 2025, with total funding of $9.6 billion. On average, each company obtained funding of $14.7 million. Entrepreneurs seek real opportunities to pitch their ideas and obtain funding as competition gets serious. An innovative opportunity to pitch…
Behind the scenes, Bitcoin legislation is advancing at the state level in the United States, with almost 30 proposals directing funds into reserves. As Matthew Sigel, Head of digital assets research at VanEck, reported, 20 of the bills under review could alone drive up to $23 billion in buying, or approximately 247,000 BTC, if enacted.This figure excludes any pension fund allocations that may arise if state legislators move forward. Several state measures focus on channeling general budgets, special revenue accounts, and “Rainy Day” funds into Bitcoin, reflecting a varied approach to sourcing public money.Oklahoma’s committee-level proposal seeks a 10% allocation…
Crypto.com has officially launched its crypto asset services across all European Economic Area (EEA) states, according to a Feb. 12 X post.The exchange stated:“Crypto.com is proud to confirm from today it can provide crypto asset services cross border to all EEA Member States We look forward to raising our brand profile in vital European markets and attracting more customers to our industry-leading platform.”MiCA licensingThis follows its recently granted full Markets in Crypto-Assets (MiCA) license, solidifying its position in the European market.In January, the crypto trading platform secured full licensing from the Malta Financial Services Authority (MFSA), which enabled it to…
The buzz around Ripple (XRP) ETFs is once again gaining steam. While the crypto community keeps on guessing which ETF will gain approval first, provided that there’s a spree of new ETFs on the cards for the SEC to consider, XRP, among those, is quite confident in its stance. Per a new revelation on X, Grayscale’s Ripple ETF may seek approval/acknowledgment as early as Thursday this week.Also Read: Crypto.com Gets Regulatory Green Light for EEA-Wide Crypto ServicesXRP ETFs to Approve This Thursday?Source: TrackinsightPer Eleanor Terrett, a notable journalist, XRP ETFs may receive a critical update or approvals at large by…
Ondo Finance and WLFI aim to bridge TradFi and DeFi by integrating tokenized RWAs like USDY and OUSG into WLFI’s platform for lending and trading. Ondo Chain’s launch addresses RWA adoption challenges, backed by institutional support, to create a stable environment for blockchain-based finance. Ondo Finance and World Liberty Financial (WLFI) have announced their partnership to expand the adoption of tokenized Real World Assets (RWAs) and bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). This partnership, which was first revealed in a now-deleted blog post, points to the growing trend of integrating conventional financial products with blockchain…
Donald Trump has reportedly selected Brian Quintenz, the current Head of Policy at a16z Crypto, to lead the Commodity Futures Trading Commission (CFTC), Fox Business journalist Eleanor Terret reported on Feb. 12.If confirmed, Quintenz will replace acting Chair Caroline Pham.Who is Quintenz?Quintenz, who served as a CFTC commissioner from 2017 to 2021, played a key role in advancing technological oversight at the agency. He chaired the Technology Advisory Committee and supported the idea of a self-regulatory body for the crypto sector.After leaving the Commission, he joined a16z Crypto, where he has been instrumental in shaping policy strategies. Notably, a16z is…
Commissioner Peirce wants a government that serves the American people and doesn’t stop others from trying new things Often referred to as “Crypto Mom,” Peirce sees herself more as a “freedom maximalist” Commissioner Peirce is head of the SEC’s new crypto task force SEC Commissioner Hester Peirce has said that it’s been “extremely frustrating” watching what’s been happening within crypto when people want to try new things. Speaking in an interview on Bloomberg, the newly appointed head of the Securities and Exchange Commission’s (SEC) new crypto task force said: “Watching what’s happened to crypto for the past several years has…
The post Why The Crypto Market is Down Today? appeared first on Coinpedia Fintech News The cryptocurrency market has experienced a significant downturn, losing a staggering $54 billion in the last 24 hours. The total market cap now sits at $3.07 trillion, falling below the critical support level of $3.10 trillion. The Cryptocurrency Fear and Greed Index has also dropped, now at 35 indicating fear in the market. But what’s driving this market drop? Bitcoin ETF Outflow Continue One of the main factors contributing to the market’s decline is the continued outflow from Bitcoin ETFs. On February 10, Bitcoin ETFs…
As the total crypto market plunges back to $3.09 trillion, a downfall in Bitcoin shakes the crypto market. Bitcoin registered a drop of 1.76% yesterday, creating a bearish engulfing candle. This puts immense pressure over the altcoin segment and hampers the breakout chances in multiple coins. Currently, Bitcoin is sustaining dominance above its $95,000 support and hints at a potential comeback, despite the short-term bearish signals. BTC Price Analysis Reveals Critical Support Trendline Breakdown In the daily chart, the BTC price trend has created a bearish engulfing candle, undermining Monday’s recovery of 1.03%. As the BTC price fails to sustain…
