Columbia Professor Criticizes NYSE’s Tokenization Plan

A Columbia Business School professor is raising concerns about the scant details in the New York Stock Exchange’s plan to build a blockchain for real-world asset tokenization, amid fears it could run against the ethos of crypto. In an X post on Tuesday, Omid Malekan said NYSE’s announcement read like “vaporware” and that many questions … Read more

Crypto Market Will Soar to $28T by 2030 Says ARKInvest

ARK Invest’s latest analysis affirms it still sees Bitcoin reaching close to a $1 million price tag in 2030 on growing adoption. Cathie Wood’s ARK Invest predicts digital assets could grow into a $28 trillion market by 2030, with growth primarily linked to increasing Bitcoin adoption and its potential price appreciation. ARK estimated in its … Read more

Spot Bitcoin and Ether ETFs See Heavy Outflows Amid Macro Uncertainty

Spot Bitcoin and Ether exchange-traded funds (ETFs) faced heavy outflows on Tuesday, as macroeconomic and geopolitical uncertainty continued to weigh on markets. Spot Bitcoin (BTC) ETFs recorded $483.4 million in daily outflows, with the Grayscale Bitcoin Trust ETF (GBTC) leading the selling at $160.8 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) at $152 … Read more

UN Gets Circle Grant to Expand Refugee Aid With Stablecoins

Circle said digital financial infrastructure, including stablecoins, can save 20% of the cost to deliver humanitarian aid. Stablecoin issuer Circle has issued a grant to support the rollout of digital financial infrastructure across the United Nations, with the aim of making humanitarian aid payments more efficient. Announced at the World Economic Forum conference in Davos, … Read more

XRP Price Dropped 68% the Last Time This Happened

XRP’s (XRP) onchain market structure resembles a setup that led to significant losses in 2022 after the price lost a key support level. Key takeaways: XRP’s onchain structure mirrors the February 2022 setup that led to a 68% price drop.  XRP bulls must reclaim $2 to avoid a deeper correction toward $1.10. XRP spot ETFs … Read more