SkyBridge Capital to Tokenize $300M on Avalanche Blockchain
SkyBridge Capital, led by Anthony Scaramucci, is set to tokenize $300 million in assets on the Avalanche blockchain, significantly increasing its tokenized assets by nearly 160%. As reported by Fortune, the firm will tokenize two funds: one focused solely on cryptocurrencies like Bitcoin and another that combines venture and crypto assets. Collaborating with Tokeny, a firm specializing in institutional tokenization, Scaramucci emphasized the importance of tokenization in enhancing transaction speed, cost-effectiveness, and security. Currently, Avalanche has $1.9 billion in total value locked and ranks 12th in real-world asset (RWA) tokenization with $188 million. The RWA tokenization market, which converts physical assets into digital tokens, has gained traction this year, with major players like BlackRock and Franklin Templeton entering the space. The market has surged from $15.8 billion at the end of 2024 to $26.4 billion recently, showcasing a 64.7% growth, with private credit and US Treasurys being the most significant segments.
Bitpanda, a crypto platform based in Austria, has $BTC launched its services in the UK, aiming to become one of its top three markets within two years. This expansion includes its retail investment app and Bitpanda Technology Solutions, which enables banks and fintech firms to offer crypto trading via white-label services. The app provides British investors access to over 600 crypto assets. Co-CEO Lukas Enzersdorfer-Konrad stated that the company intends to enhance its retail presence while collaborating with UK financial institutions to introduce crypto offerings. However, Bitpanda will compete against established players like Binance UK, Coinbase, and Kraken. To promote its entry, Bitpanda has partnered with Arsenal Football Club as its “Official Crypto Trading Partner,” aiming to educate the club's global fanbase on digital assets. Despite regulatory delays in the UK, which may hinder the sector's growth, major crypto firms have already established a presence under existing regulations. Enzersdorfer-Konrad emphasized the need for clear regulations to position the UK as a leader in responsible crypto innovation.
Coinbase CEO reacts to $20 million Bitcoin ransom and customer data attack
#BinanceAlphaPoints #SaylorBTCPurchase BinanceAlpha$1.7MReward#BinanceTGEAlayaAI Yesterday, May 15, Coinbase CEO Brian Armstrong took to X platform to address a recent cyberattack, which targeted customer data and resulted in a $BTC 20 million Bitcoin ransom demand. As stated by Armstrong in his video message to the community, it all started with a threatening email from hackers claiming to have sensitive information on Coinbase customers. In exchange for not releasing the information, the malefactors demanded $20 million in Bitcoin. The CEO refused to pay the ransom and turned things around by offering a $20 million award for any information leading to the arrest and conviction of the attackers. The breach was traced back to bribed overseas support agents, who accessed personal data like names, dates of birth and addresses. Even though passwords, private keys and funds were not compromised, the obtained data was used for social engineering scams to trick customers into transferring money. As part of its response, Coinbase enhanced security measures, relocated some support operations and offered full reimbursements to affected customers
Stay Active for the Upcoming $MAJOR Airdrop and NFT Conversion The Major team has been diligently working on the tokenomics for the $MAJOR token, with detailed information to be released soon. In a recent official update, they confirmed that players' in-game statuses will carry value and be converted into NFTs, adding another layer of excitement for the community. Additionally, the team stressed the importance of logging in regularly, as the ratings of inactive players will be burned. This serves as a vital reminder for players to stay active, maintain their rankings, and get ready for the upcoming token drop. #HMSTRonBinance #BinanceLaunchpoolHMSTR #potGoldATH #Major BTCReboundsAfterFOMC FTXSolanaRedemption altsesaon BullRunAhead SuperMacho CryptoInvesting AltcoinSeason
Stay Active for the Upcoming $MAJOR Airdrop and NFT Conversion The Major team has been diligently working on the tokenomics for the $MAJOR token, with detailed information to be released soon. In a recent official update, they confirmed that players' in-game statuses will carry value and be converted into NFTs, adding another layer of excitement for the community. Additionally, the team stressed the importance of logging in regularly, as the ratings of inactive players will be burned. This serves as a vital reminder for players to stay active, maintain their rankings, and get ready for the upcoming token drop. #HMSTRonBinance #BinanceLaunchpoolHMSTR #potGoldATH #Major #BTCReboundsAfterFOMC
Here's how to calculate your $HMSTR rewards 🚨 Here's a breakdown of how to calculate your $HMSTR rewards: Step 1: Determine Eligible Holdings - Check your HMSTR token balance. - Ensure you meet the minimum holding requirements. Step 2: Calculate Rewards Rate - Check the current rewards rate (e.g., 5% APY). - Consider any bonus rates or promotions. Step 3: Calculate Rewards Amount - Multiply your eligible holdings by the rewards rate. - Example: 1000 HMSTR x 5% = 50 HMSTR rewards.