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Attorneys for former FTX CEO Sam "SBF" Bankman-Fried have filed a motion in federal district court in Manhattan asking a federal judge to sentence SBF to between five and a quarter and six and a half years in prison after a jury found him guilty of multiple counts of fraud and money laundering last November. The maximum sentence, therefore, is 110 years.

SBF was charged with two counts of wire fraud, two counts of conspiracy to commit wire fraud, one count of securities fraud, one count of conspiracy to commit commodities fraud and one count of conspiracy to commit money laundering. On March 28, the federal judge hearing the SBF case, Louis A Kaplan, is scheduled to impose sentence.
Federal prosecutors were due to submit their sentencing recommendations on March 15, but a preliminary report (PSR) recommended a 100-year sentence for the former #FTX CEO.
FTX attorneys argued that the PSR's recommendation of a 100-year sentence was "barbaric" because SBF was a first-time offender with no criminal record and "joined at least four other guilty parties in a case where the victim could get - and always has gotten - 100 cents on the dollar.
Because FTX's bankruptcy provides for full restitution to customers, the submission said there would be zero damages to customers, creditors and investors. Legal counsel also cited numerous letters from friends and family strongly supporting a lenient resolution.
Cryptotokens have a long history.
Buy as many SOLs as you have for $3 now.
Sell everything you own.
FTX was one of the largest crypto exchanges, valued at $32 billion in January 2022, but collapsed in November of that year; SBF was found guilty of mismanaging $8 billion in customer funds and many other fraudulent activities.
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Fetch.ai, a cryptocurrency company with artificial intelligence built on Cosmos, announced a $10 million gas pedal to support startups developing solutions focused on AI agents, quantum computing and high-performance technologies.

This gas pedal will operate through the Fetch. ai Innovation Lab, which is designed to connect research with real-world applications. According to a press release sent to Cointelegraph, the lab, which has centers in San Francisco, London and India, will be funded by Humayun Sheikh, CEO of
Fetch. ai and chairman of ASI Alliance, spoke to Cointelegraph about Fetch. ai's funding, mentorship and access to agency technology to help startups scale globally.
the European Cryptoasset Market Regulation (MiCA) has been hailed as an important step forward for the #cryptocurrency industry, despite initial concerns about possible over-regulation when it was first introduced.
MiCA is the world's first comprehensive regulatory framework for cryptocurrencies and will come into full force for cryptoasset service providers on December 30, 2024.
Zekret founder, institutional regulation and #blockchain infrastructure specialist According to Dmitry Radin, CTO of Fideum, a company specializing in regulation and blockchain infrastructure for institutional investors, concerns about over-regulation remain, but in the long run it will be positive for the cryptocurrency industry.
In the long run, [MiCA] is absolutely positive. Any regulation helps the market grow. It leads to more money and more users, Radin told Cointelegraph at Emergence Prague.
However, Radin said the regulations are aimed at identifying "weak points of control" in the cryptocurrency space, which could lead to increased scrutiny of individual investors and end users of cryptocurrency platforms.
insider trading is suspected. At least 15 blockchain wallets have turned an initial investment of $14,600 into more than $20 million, raising concerns about transparency and fairness in the cryptocurrency market.
Memecoin Launchpad Pump. fun.
an analytics firm.
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BlackRock is set to expand its cryptocurrency product offering by launching an ETP bitcoin fund in Europe, following the rapid growth of US-listed bitcoin fund iShares Bitcoin Trust (IBIT)

The new fund is expected to be based in Switzerland and could launch as soon as this month. The new fund is expected to be based in Switzerland and could launch as early as this month.
The world's largest asset manager, which oversees $4.4 trillion in #ETF assets worldwide, is expanding its digital asset offering beyond North America. The move marks BlackRock's first #cryptocurrency ETP in the European market.
U. S. #bitcoin ETFs have seen significant inflows since their debut last year, with 12 funds raising a total of more than $116 billion, according to data compiled by Bloomberg. BlackRock's iShares Bitcoin Trust (IBIT) was the best-performing ETF in history.
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Oklahoma State Senator Dusty Devers has introduced a bill to allow employees to be paid in bitcoin and allow businesses to accept the digital asset as payment.

The #Bitcoin Freedom Act, known as SB 325, is an Oklahoma bill. It seeks to establish a framework for the use of bitcoin and allows the use of bitcoin in transactions, salaries, and investments while ensuring compliance with legal requirements.
Any employee, business, corporation, other organization, or resident of the state may negotiate and accept payments and compensation, including salaries, wages, and other compensation in
For state employees who choose to receive their salaries in bitcoin, the bill requires an agreement with the state to determine whether or not SB 325 is established by the state. LIN_BREAK. Employees will be able to choose whether to receive their paychecks in bitcoins, U. S. dollars or both, and will be able to change their choice at the beginning of each pay period.
Devers said the legislation is a necessary step to protect Oklahomans from inflation.
At a time when inflation is eroding the purchasing power of hardworking Oklahomans, bitcoin offers a unique opportunity to protect incomes and investments, Devers contrasted bitcoin's fixed supply with the U. S. dollar printed in Washington, D. C. Not for nothing has President Trump campaigned on bitcoin and spoken at high-profile bitcoin-related events, Devers said. There is no question that bitcoin has entered the mainstream of our economy and is an important part of our financial future.
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The U.S. has regained leadership in the cryptocurrency market.

Thanks to the launch of ETFs and Trump's promises, the U. S. has regained leadership in the #cryptocurrency market.
Thanks to the launch of ETFs and Trump's promises, the U. S. has regained leadership in the cryptocurrency market. The U. S. has regained leadership in the cryptocurrency market after Asia claimed leadership in the field for most of 2023.
the U. S. has regained leadership in the cryptocurrency market, Bloomberg reported. This was due to the re-election of Donald Trump as president, as well as the growing demand for cryptocurrency derivatives and exchange-traded funds (ETFs).
The surge in the digital currency sector was accelerated by the successful launch of #Bitcoin ETFs in the U. S. in early 2024. In addition, Trump's victory, which promised to make the U. S. the cryptocurrency capital of the world, further fueled enthusiasm in the U. S. cryptocurrency market.
As a result, the U. S. has returned to the center of attention in the cryptocurrency sector, after Asia dominated the industry for most of 2023. The region is a big beneficiary of the tough measures taken by the Joe Biden administration, which President Trump intends to repeal, the publication writes.
the share of daily bitcoin/dollar transactions during trading hours in the United States rose from 40% in 2021 to about 53%. According to analysts, this shift in liquidity advantage toward the U. S. is due to increased institutional participation.
In 2024, bitcoin and #Ethereum ETFs were approved in the U. S.. The industry expects ETFs for other cryptocurrencies to launch under President Trump. ETFs for Solana, XRP, Litecoin, HBAR and Blend have already been filed with the U. S. Securities and Exchange Commission (SEC).
Open interest (number of open contracts) in bitcoin and Ethereum futures on the Chicago Mercantile Exchange (CME) reached a record high this year.
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Animecoin Foundation has announced the launch of its cultural coin ANIME on Ethereum and Arbitrum this month.

Animecoin Foundation, which is associated with the popular
FT project Azuki, will issue a total of 10 billion ANIME tokens, nearly 77% of which will be in circulation on day one.
The Animecoin Foundation intends to "transform the animation ecosystem into a creative, community-owned economy" through the issuance of tokens. For decades, Anime has shaped global culture, from art to fashion, music to games. Starting as a niche subculture, anime has grown into one of the most passionate fandoms in the world, with over a billion fans. However, these fans remain passive consumers. Until now, more than half of
ANIME's total
ANIME is accounted for by the Web3 community, led by Azuki, one of the original members of the Anime Coin Foundation. Azuki's community
Azuki receives 37.5% of the total offering, or 3.75 billion tokens. Another 13% is allocated for "community development, that is, the distribution of tokens managed by ANIME #token holders and future AnimeDAOs to "fund community incentives and initiatives.
Other anime-related projects, Web 3 users of the Kaito analytics platform and some #Arbitrum projects will receive a portion of the 2% of ANIME tokens allocated to the partner community.
ANIME tokens have long been expected, but the official announcement of Azuki's 'NFT' rate helped the project's price on the floor (the lowest asset price on the exchange) rise nearly 9% to 13.67 ETH or $41,505 in the past 24 hours, according to
F Price Floor.
His fellow Azuki Elementals and Beanz also rose in value, climbing 9.6% and 7.4%, respectively.
PENGU, the Pudgy Penguins ecosystem token on Solana, launched on Tuesday and quickly entered the top 100 cryptocurrencies. currencies. According to CoinGecko, the Pudgy Penguins token is currently trading at around $0.0335 and has a market capitalization of around $ 2.

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Solana-based Bonk has increased in value by 190% over the past week and is trading near ATH 00000345; Floki is another trending memcoin, recording a 350% increase in price on its weekly chart and is 16th in terms of trading volume. Most of the triple-digit growth recorded over the past week is relatively new compared to more established memcoins such as Dogecoin and Shiba Inu.

The major memcoins of the past cycle have also seen bullish gains, with #Dogecoin posting a 90 percent weekly gain and #Shiba Inu posting a 175 percent gain.
The enthusiasm around memcoins is similar to the last bull rally in 2021, when Dogecoin led a bull rally backed by Elon Musk.
Each cycle of enthusiasm for memcoins and their price volatility has helped some investors realize large returns on their investments in a short period of time. However, many other investors have often suffered large losses. Many crypto veterans believe that these tokens have a negative impact on the overall #cryptocurrency market.
I am glad that you are making money with Mimcoin. But it does not benefit the market, and I'm not morally inclined to deal with it. If I could ignore the ethical dilemmas, it would definitely be a gold mine. But it's not for me.
Most of the mimcoins that experienced huge gains during the bull peak were also among the tokens that experienced the sharpest declines. Some of them have lost more than 80% of their value since the peak.
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Scott Bessent, President-elect Donald Trump's nominee to be the next Treasury Secretary, has taken steps to get rid of significant assets to avoid potential conflicts of interest.

Before Trump's inauguration, Bessent disclosed assets totaling at least $521 million, but the real value is likely much higher.
On January 11, the U. S. Office of Government Ethics released information about Bessent's assets, indicating the range of value of each. Mr. Bessent, founder of Key Square Capital Management, did not specify the exact value, and some assets were simply listed as over $BTC For example, Mr. Bessent owns residential real estate in the Bahamas worth between $5 million and $25 million.
Mr. Bessent also owns real estate valued between $5 million and $25 million in Cushing, North Carolina, as well as art and antiques valued between $1 million and $5 million.
Mr. Bessent is known for his successful large-scale currency trading on Wall Street and for founding Key Square to capitalize on global macroeconomic trends, but he also seems to be a passive investor.
He is a member of the SPDR S&P 500 #ETF , Invesco S&P 500 Equal Weight ETF and Invesco QQQ, which is tied to the Nasdaq 100 Index.
In addition, he holds more than $50 million in U. S. Treasuries and significant positions in the dollar, euro, Chinese yuan and Japanese yen. He holds significant positions in the dollar, euro, Chinese yuan and Japanese yen. Among his #cryptocurrency investments, Bessent lists the iShares #Bitcoin Trust ETF, which is valued between $2,50001 and $BTC Bessent's decision to divest himself of assets to avoid potential conflicts of interest and to sell certain assets within 90 days of Senate approval This is consistent with federal ethics rules for candidates.
These rules exist to ensure that public officials make decisions based on the public interest, not personal financial gain.
In addition to the asset sale, Mr.
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This was prompted by recent outrage from Solana users on social media complaining about failed transactions and a deteriorating user experience.

In an April 4 post on X's website, pseudonymous altcoin trader Sherpa noted that while he believes #Solana will establish itself as a blockchain network for retailers, the current user experience is not ideal.
I believe #SOL is the network for retail in this cycle, but the user experience lately is just outrageous.
However, in an April 4 post on X, ardent Solana supporter and Helius CEO Mert Mumtaz disagreed with the claim that 75% of transactions fail, noting that most failed transactions without votes are simply "spam from bots.
It's usually not a big problem for users because the wallet simulates [the transaction] and tells you in advance what can go wrong," he said.
Mumtaz said the graph of failed transactions "is not a good way to measure the impact on users because most users never get to it.
"About 95% of this entire graph is bots that have failed in arbitration attempts," he added.
Mumtaz also explained that most spam happens before the scheduling process, so increasing the transaction priority fee won't help, and "increasing it above a certain median" will result in users "wasting money.
He added that Solana's upcoming 1.18 network update is unlikely to fix these issues, suggesting that the user experience on Solana may remain degraded for some time.
"Network patches are needed and will be released soon.
Over the past week, the price of Solana (SOL) has fallen about 3%, stumbling slightly after rising 45% over the past month, and according to CoinGecko, the cryptocurrency's recent weekly drawdown has pushed it down to the fifth-largest cryptocurrency by market capitalization.
SOL currently has a market capitalization of $81 billion, behind the #BNB token (BNB) on the #Binance exchange at $ 89 billion.
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Google plans to invest $75 billion in artificial intelligence infrastructure by 2025 Google CEO Sundar Pichai revealed plans for a significant increase in the company's capital spending, predicting $75 billion in 2025, up 43% from $32.3 billion last year.

The main goal of these investments is to develop artificial intelligence (AI) with a focus on the development of artificial intelligence (AI). This dramatic increase in investment is in line with trends in the technology industry: competitors such as Meta are also significantly increasing their spending on AI;
#AI has become one of Google's main revenue drivers, contributing to the company's overall revenue growth of 12% year-on-year to $96.5 billion. Google Cloud revenue also grew 10%, driven by strong growth in AI services and solutions.
Despite these positive results, Alphabet's total revenue was slightly below analysts' expectations, and the company's share price fell by 7% in afternoon trading.
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Cryptocurrency markets fell after President Trump announced he would impose stiff tariffs on imports from Canada, Mexico and China starting Tuesday.

Canada and Mexico imposed retaliatory tariffs, while China promised appropriate countermeasures and said it would file a lawsuit at the WTO.
meme coins were particularly hard hit by the downturn, with many major coins experiencing double-digit percentage drops. Over the past week, Trump's memcoin has fallen nearly 30%.
the #cryptocurrency market reacted to President Trump's plan to impose tariffs of 25% on imports from Canada and Mexico and 10% on Canadian energy and Chinese products with a widespread sell-off that hit memcoins particularly hard. But the sell-off is over. The White House announced that tariffs on imports would go into effect on Tuesday because the three governments had not done enough to stop the flow of drugs into the United States. In response, Canada announced retaliatory tariffs, and Mexico and China promised similar retaliatory measures. On Sunday, China announced it would file a complaint with the World Trade Organization over the tariffs.
The Block's GMCI #Solana Memes Index tracks the top solana memes coins by market capitalization, including Dogwifhat and Bonk, but the conservative-minded market reacted to a Wall Street Journal editorial calling
the stupidest trade war in history, falling more than 13% in the past 24 hours and 30% in the past week. According to The Block's Official Trump Prices page, Trump's official Mimecoin has fallen 7% in the last 24 hours and 30% in the last week. Melania's Memecoins are also struggling, down 5% in the last 24 hours and about 38% in the last week.
According to CoinMarketCap, 19 of the top 20 memcoins by market capitalization have fallen in value by more than 20% over the past seven days. (The only exception is Shibai, which fell in price by 17.3% over the week).

This will be America's golden age! Will it be painful? Maybe it will, maybe it won't.

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Ripple transfers 300 million XRP, fueling speculation in the market

Ripple Labs recently made headlines by transferring an impressive 300 million #XRP (worth over $682 million) to an undisclosed wallet, which raised questions about the company
this transaction,
this transaction followed a series of high-profile moves, including the publication of the wallet earlier this month, which resulted in a 15% increase in the price of XRP. The exact reason for the latest transaction is still unclear, but the presence of multiple addresses associated with the wallet could be part of Ripple's ongoing operational process or preparation for future projects
#Ripple is working on the XRP Ledger (XRPL). With a focus on improvement and adoption across the broader crypto space, the company continues to promote the utility of XRP; Stablecoin's RLUSD currently runs on both XRPL and #Ethereum , making Ripple's efforts to establish XRP as a universal asset more apparent.
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In this article:Bitcoin price rises above $102,400.

The positive premium indicates that U. S. investors are looking to boost their #BTC holdings.
On his first day in the White House, Trump is expected to issue several executive orders related to #cryptocurrencies . He is expected to issue an executive order.
#Bitcoin (BTC) has surged ahead of President-elect Donald Trump's inauguration, with renewed interest from U. S. investors pushing rates higher. At the time of writing, the major cryptocurrency's exchange rate stood at $124.71 million, up more than 2% over the past 24 hours.
Recent data from analytics platform CryptoQuant shows that Coinbase's key premium indicator has recovered. This indicator tracks the price difference between Coinbase's BTC/USD and Binance's BTC/USDT and reflects sentiment in the U. S.
Burak Kesmeci, author of CryptoQuant, wrote the following on his blog Quicktake, in which he writes that as BTC continues to rise, U. S. investors are showing new buying interest.
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According to data aggregator CoinGecko, the ten largest solanium meme coins by market capitalization have posted gains over the past 24 hours. While bitcoin (BTC) and major altcoins fluctuated, tokens such as POPCAT and MANEKI showed double-digit jumps.

U. S. Federal Reserve Chairman Jerome Powell announced today that interest rates will not be cut until inflation shows signs of returning to the 2% level. This means that risk assets such as stocks and cryptocurrencies will remain less favorable than US Treasuries. At the time of writing, #BTC is down 2.7% in the last hour.
Despite this, MANEKI is up 38% in the last 24 hours and POPCAT is up 24.8% in the same period. Among other cat-themed coins, MEW and WEN are up 3% and 6.5%, respectively.
WIF, Solana's largest #meme coin by market capitalization, also #rose 3.7%, followed by BONK with a 3% increase; BOME, a token issued by Solana this year to convey the first pre-sale meme mania to investors, rose nearly 2%, the smallest increase in the group. The results show.
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Early memecoin investors like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) have made astronomical returns, while Buterin Sucks (BUTSUCKS) offers similar opportunities for a limited time.

Buterin Sucks (BUTSUCKS), Solana's recently launched memcoin, is poised to soar 14,000% in a matter of days as former investors Shiba Inu (SHIB), #Bonk (BONK) and #Dogecoin (DOGE) put money into this new token.
BUTSUCKS will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days. 1 This is a very profitable event for the token because millions of new investors can easily buy Buterin Sucks.
Currently, Buterin #bitcoin can only be purchased on decentralized Solana exchanges such as Jupiter and Raydium, allowing early investors to make huge profits in the coming days.
To buy BUTSUCKS on these platforms, users need to connect their solflare, MetaMask or Phantom wallet and enter the contract address jr8okimfhewajpdmizenkgwhzer5bb53bdzf4kqvf7w in the Solana to Buterin Sucks exchange confirmation field.
BUTSUCKS currently has a market value of $12,000 and liquidity of over $4,000, which means it has huge upside potential.
Early investors can earn returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE), and Bonk (BONK) before these memcoins become popular and skyrocket in value.
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A new memcoin based on Solana (SOL) reached a market value of 11 billion yen within 48 hours of listing on Binance, the world's largest cryptocurrency exchange.

Earlier on Saturday, #Binance announced the launch of permanent futures for Book of Meme (BOME), a coin launched by art producer DarkFarms, who specializes in works based on Pepe the Frog, a character often used in various memes.
Shortly after launch, BOME took off, and following an announcement from Binance, BOME rose from nearly 0.0077 to 0.0268, or nearly 250%, in just a few hours.
BOME has since pulled back and is trading at market0.0186 at the time of writing, with a market capitalization of $1.037 billion and a fully diluted valuation of $1.1297 billion.
Lookonchain, a blockchain tracking company, first learned that an unknown wallet withdrew $2,230 million from #Solana to purchase BOME just before listing on binance.
According to Lookonchain.
"Fresh Wallet withdrew 12,721 Solana (2.3 million yuan) from Binance and bought 314 million BOME for 0.0074 [in] 30 minutes.
Almost simultaneously with Binance's listing, #cryptocurrency exchange Kucoin, known for its "altcoin gems," also announced support for the new memcoin. According to KuCoin, users can now trade BOME /USDT pairs on its spot platform.
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Analysts see MicroStrategy's decision as strategic, emphasizing that raising funds through convertible bonds demonstrates the company's proactive approach to strengthening its financial position and driving growth MicroStrategy's convertible bond raising is intended to take advantage of favorable market conditions and investor interest in innovative technology companies.

The funding round follows MicroStrategy's initial public offering of $525 million in convertible senior notes due 2031 announced less than a week ago.
#MicroStrategy has demonstrated an aggressive approach to #bitcoin acquisition, as evidenced by Saylor's decision to include bitcoin as a core asset in its Treasury reserves in August 2020. The company has utilized financial strategies such as interest-free loans to increase its bitcoin reserves.
As recently as Nov. 30, the company purchased 14,620 bitcoins worth about $615.7 million between Nov. 30 and Dec. 26, 2023, increasing its bitcoin reserves to 189,150 bitcoins by the end of last year.
Positioning ahead of a rate halving?
Having successfully increased its total bitcoin reserves, the company is well positioned ahead of the halving event that will take place next month.
According to Samson Mouw, a well-known bitcoin advocate and CEO of bitcoin specialist Jan3, the large market capitalization of companies like MicroStrategy is due to their exceptional commitment to bitcoin among all #cryptocurrencies .
The potential impact of MicroStrategy's strategy to acquire bitcoin via convertible bonds on the #cryptocurrency space is yet to be determined.
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The move by Solana (SOL) investors to Option2Trade (O2T) is an interesting development, indicating a strategic move to diversify portfolios and mitigate recent losses. Several factors have contributed to this trend:%%%%%%

Technology headwinds: innovative features of Option2Trade (O2T), such as artificial intelligence-based trading insights and enhanced security measures, make a compelling case for #Solana (SOL) investors looking for a cutting-edge platform. %%%%%%- Market sentiment: with Solana (SOL)'s volatile environment, investors are eager to explore new opportunities to balance investment risk and potential returns. %%%%%%- Community and growth potential: rapid community growth and the success of the Option2Trade (O2T) pre-sale demonstrate strong confidence in the long-term viability of the market, attracting Solana (SOL) investors seeking early access to promising projects.The influx of Solana (SOL) investors into the Option2Trade (O2T) pre-sale illustrates the changing dynamics of the #cryptocurrency market. The move highlights the broader trend of changing liquidity in the cryptocurrency ecosystem as investors seek to optimize their portfolios in an ever-changing market environment. Additionally, the pre-sale success of Option2Trade (O2T) and investor interest in Solana (SOL) could catalyze further innovation and competitive strategies between competing platforms, fostering growth and diversification across the market.In conclusion, the impressive pre-sale results of Option2Trade (O2T) Phase 5 and investor interest in Solana (SOL) reflect the dynamic nature of the cryptocurrency market; as Option2Trade (O2T) moves towards full-scale launch and further development, and continued interest from Solana (SOL) and other cryptocurrency investors is critical to shaping its trajectory and the broader cryptocurrency ecosystem. This trend emphasizes the importance of innovation, community engagement and strategic diversification in navigating the complex and volatile world of cryptocurrency investing.

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SHARE. Senator Cynthia Lummis has proposed a bill to adopt bitcoin as a U.S. strategic reserve, sparking bipartisan interest and widespread public support.

In July's #BTC Conference, Senator Cynthia Lummis, a prominent #cryptocurrency advocate, announced her intention to introduce a bill that would allow the U. S. government to adopt bitcoin as a strategic reserve asset. Just five days after her announcement, significant progress has been made on a bill that could be a landmark for the use and acceptance of #cryptocurrencies in the U. S.
pAccording to congressional records, on July 31, Senator Lummis of Wyoming introduced a bill directing the U. S. government to create a bitcoin strategic reserve program.
Speaking at the Bitcoin Conference in Nashville, Lummis explained that the bill would require the U. S. Treasury to purchase one million bitcoins worth about $60 billion over five years. Lummis compared the initiative to the U. S. Strategic Petroleum Reserve, saying that a large reserve of bitcoin would help strengthen the U. S. dollar. He also suggested that these assets could play an important role in reducing the national debt, which currently exceeds 35 trillion U. S. dollars.
the last three days, U. S. senators have received 2,200 letters from voters urging them to support Lummis's bill on a strategic bitcoin reserve. The most letters were received by Democrats - 1,333, Republicans - 850, and independents - 41.
The Lummis bill has now been referred to the Senate Committee on Banking, Housing and Urban Affairs. The committee will scrutinize the bill with experts. If the committee approves the bill, it will return to the Senate for debate and amendments before being voted on. Once approved by the Senate, the bill goes to the House of Representatives and, if passed, to the president.
According to CoinMarketCap, the total cryptocurrency market is valued at approximately $2.15 trillion and has fallen 0.84% in the past 24 hours.

U. S.

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Blockchain-based investment management company Superstate has integrated Chainlink Data Feeds product to provide tokenized Treasury fund pricing data.

The company integrated #Chainlink Data Feeds on Aug. 12 to provide Superstate Short Duration US Government Securities Fund (USTB) net asset value (NAV) data on the #blockchain . Superstate said the move will improve compatibility and interoperability across the USTB blockchain.
integration with Chainlink will provide investors with data transparency and allow them to focus on their core business, said Robert Leshner, CEO of Superstate and founder of Compound Labs.
USTB offers holders tokenized U. S. Treasury assets and, according to Superstate, has raised $102 million in assets under management since its launch in February of this year.
Chainlink's data feed gives USTB real-time visibility and opens up programming opportunities, including integration with blockchain-based money markets for use in collateralized lending.
Asset tokenization improves efficiency, programmability and transparency, but requires robust blockchain data to unlock #MarketDownturn and automation, Leshner added.
This move comes amid rapid growth in the tokenized treasury segment, whose total market value has increased 148% to US$1.91 billion since the beginning of 2024, according to Rwa. xyz data. This growth is driven by BlackRock's institutional USD, according to Rwa. xyz. Digital Liquidity Fund (BUILD), which currently leads the sector with USD 513.4 million, helped by its launch.
Superstate is playing a fundamental role in infrastructure development and service delivery in this important aspect of the growing tokenized asset economy, said Johann Eide, Chainlink's Chief Business Officer. We look forward to Superstate unlocking new use cases and business opportunities through its integration with Chainlink, said Johann Eide, business director at Chainlink.
Superstate was founded in 2023 and manages $ 129 million in digital assets.

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