News
On the 27th of March, Bitcoin spot ETFs experienced a total net inflow of $243 million, according to SoSoValue. The Grayscale ETF saw a net outflow of $299 million in a single day, while the BlackRock ETF recorded a net inflow of $323 million on the same day. Additionally, the ETF managed by Ark Invest & 21Shares reported a net inflow of $200 million in a single day. Cumulative net inflows historically have amounted to $11.94 billion. Link
Vitalik Buterin recently authored an article envisioning Ethereum's future, highlighting its evolution from merely a financial ecosystem to a comprehensive, autonomous, decentralised technology stack. He emphasised the ongoing need to complete scaling efforts, with the objective of developing tools that can cater to the needs of millions of users. Link
Data gathered by 21.co reveals that over $1 billion worth of U.S. Treasuries have been tokenized on public blockchains. Franklin Templeton's BENJI is at the forefront with $360 million, whereas BlackRock's recently introduced "BUIDL" tokenized fund has seen its value increase from $40 million to $245 million in merely a week. Link
Projects
Ethena - Ethena's synthetic dollar protocol will distribute 750 million ENA tokens, making up 5% of its entire supply, to holders of USDe on 2 April. From that date, users may request their tokens, which will then become available on centralised exchanges. The supply of USDe has expanded to surpass $1.3 billion as of today. Link
Prisma Finance - The LSD stablecoin protocol backed by Curve founders and others, fell victim to a cyberattack, resulting in losses escalating to roughly 3,257.7 ETH (equivalent to $11.6 million). The protocol has been temporarily halted by officials for investigation. This incident marks the first significant security breach related to recent Restaking vulnerabilities. Link
Ondo - Ondo Finance is transitioning the backing assets for its OUSG token to BlackRock's BUIDL tokenized fund, moving away from a less favoured short-term Treasury bond ETF. According to the CEO of Ondo Finance, this change will make OUSG "significantly more usable," facilitating instant, 24/7 subscriptions and redemptions. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
On the 27th of March, Bitcoin spot ETFs experienced a total net inflow of $243 million, according to SoSoValue. The Grayscale ETF saw a net outflow of $299 million in a single day, while the BlackRock ETF recorded a net inflow of $323 million on the same day. Additionally, the ETF managed by Ark Invest & 21Shares reported a net inflow of $200 million in a single day. Cumulative net inflows historically have amounted to $11.94 billion. Link
Vitalik Buterin recently authored an article envisioning Ethereum's future, highlighting its evolution from merely a financial ecosystem to a comprehensive, autonomous, decentralised technology stack. He emphasised the ongoing need to complete scaling efforts, with the objective of developing tools that can cater to the needs of millions of users. Link
Data gathered by 21.co reveals that over $1 billion worth of U.S. Treasuries have been tokenized on public blockchains. Franklin Templeton's BENJI is at the forefront with $360 million, whereas BlackRock's recently introduced "BUIDL" tokenized fund has seen its value increase from $40 million to $245 million in merely a week. Link
Projects
Ethena - Ethena's synthetic dollar protocol will distribute 750 million ENA tokens, making up 5% of its entire supply, to holders of USDe on 2 April. From that date, users may request their tokens, which will then become available on centralised exchanges. The supply of USDe has expanded to surpass $1.3 billion as of today. Link
Prisma Finance - The LSD stablecoin protocol backed by Curve founders and others, fell victim to a cyberattack, resulting in losses escalating to roughly 3,257.7 ETH (equivalent to $11.6 million). The protocol has been temporarily halted by officials for investigation. This incident marks the first significant security breach related to recent Restaking vulnerabilities. Link
Ondo - Ondo Finance is transitioning the backing assets for its OUSG token to BlackRock's BUIDL tokenized fund, moving away from a less favoured short-term Treasury bond ETF. According to the CEO of Ondo Finance, this change will make OUSG "significantly more usable," facilitating instant, 24/7 subscriptions and redemptions. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
On the 27th of March, Bitcoin spot ETFs experienced a total net inflow of $243 million, according to SoSoValue. The Grayscale ETF saw a net outflow of $299 million in a single day, while the BlackRock ETF recorded a net inflow of $323 million on the same day. Additionally, the ETF managed by Ark Invest & 21Shares reported a net inflow of $200 million in a single day. Cumulative net inflows historically have amounted to $11.94 billion. Link
Vitalik Buterin recently authored an article envisioning Ethereum's future, highlighting its evolution from merely a financial ecosystem to a comprehensive, autonomous, decentralised technology stack. He emphasised the ongoing need to complete scaling efforts, with the objective of developing tools that can cater to the needs of millions of users. Link
Data gathered by 21.co reveals that over $1 billion worth of U.S. Treasuries have been tokenized on public blockchains. Franklin Templeton's BENJI is at the forefront with $360 million, whereas BlackRock's recently introduced "BUIDL" tokenized fund has seen its value increase from $40 million to $245 million in merely a week. Link
Projects
Ethena - Ethena's synthetic dollar protocol will distribute 750 million ENA tokens, making up 5% of its entire supply, to holders of USDe on 2 April. From that date, users may request their tokens, which will then become available on centralised exchanges. The supply of USDe has expanded to surpass $1.3 billion as of today. Link
Prisma Finance - The LSD stablecoin protocol backed by Curve founders and others, fell victim to a cyberattack, resulting in losses escalating to roughly 3,257.7 ETH (equivalent to $11.6 million). The protocol has been temporarily halted by officials for investigation. This incident marks the first significant security breach related to recent Restaking vulnerabilities. Link
Ondo - Ondo Finance is transitioning the backing assets for its OUSG token to BlackRock's BUIDL tokenized fund, moving away from a less favoured short-term Treasury bond ETF. According to the CEO of Ondo Finance, this change will make OUSG "significantly more usable," facilitating instant, 24/7 subscriptions and redemptions. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
