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BNB Climbs as Faster Blocks and Tokenized Stocks Spark Investor Interest

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BNB Chain’s native token, BNB, is pushing higher as technical upgrades and fresh use cases draw investors into the network. The token climbed about 0.6% over the last 24 hours, riding a wave of heavy trading volumes and optimism tied to plans for tokenized stock offerings.

Late last month, BNB Chain launched its so-called Maxwell hard fork, slicing block times from roughly 1.5 seconds to 0.75 seconds. That means transactions clear twice as fast, a move that could help the chain handle surges in activity.

BNB Chain, which has around $6 billion in total value locked according to DeFiLlama data, is positioning itself as a faster alternative for decentralized apps handling high throughput.

Earlier, Kraken and Backed Finance announced they are bringing their tokenized equities to the BNB Chain, allowing users to trade stocks like that of Apple or Tesla around the clock.

The products, structured as BEP-20 tokens, will be available outside the United States in 185 markets.

The CoinDesk 20 index has witnessed a 2.7% increase in the past 24 hours, as the cryptocurrency market appears to have weathered the impact of the recently announced tariffs by U.S. President Donald Trump, which are scheduled to take effect on August 1.

Despite the bullish backdrop, BNB hit resistance near $664.20 during early trading today, according to CoinDesk Research’s technical analysis model.

While some traders eye potential signs of accumulation, meaning larger investors could be quietly building positions, a late-session pullback to around $661.75 hints some traders may be locking in profits.

BNB’s next test will be whether it can push beyond the $665-$667 zone. That could determine if recent technical gains translate into sustained momentum, or if sellers step in again to keep prices in check.

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Australia’s Central Bank to Explore Developing Wholesale Tokenized Asset Markets

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The Reserve Bank of Australia (RBA) will explore the development of wholesale tokenized asset markets alongside an array of industry participants.

«Project Acacia» will use stablecoins, pilot wholesale central bank digital currency (CBDC) and bank deposit tokens in 24 use cases of tokenizing a range of asset classes, such as fixed income and private markets.

Tokenization refers to the process of minting assets such as bonds and equities as tokens that can be bought, sold and traded on blockchains, with the aim of making processes faster, cheaper and more transparent.

The Australian Securities and Investments Commission (ASIC) is also providing regulatory relief in order to streamline the pilot, which will involve the testing of tokenized asset transaction between participants and other selected financial institutions, the RBA announced on Thursday.

Issuance of pilot wholesale CBDC for testing the use cases will take place on different blockchain platforms, such as Hedera and R3 Corda.

Participants in Project Acacia include Fireblocks, Northern Trust and Australian banks Commonwealth Bank, Australia and New Zealand Banking Corporation (ANZ) and Westpac.

The project is the a sign of the Australian government’s plans to integrate digital assets into its economy being put into practise.

The Australian Treasury published a whitepaper in March, describing how the government planned to embrace tokenization, real-world assets and wholesale CBDCs to make financial markets more efficient.

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This Chart Points to a 30% Bitcoin Price Boom Ahead: Technical Analysis

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This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin’s BTC spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000.

That’s the message from the daily price chart of BlackRock’s Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.

The ETF, mandated to closely track the BTC spot price, rose 2.85% on Wednesday, briefly surpassing the May high of $63.70, according to data source TradingView.

The advance reconfirmed the flag breakout seen early this month, a sign that the five-and-a-half-week counter-trend consolidation has ended and the broader uptrend from April lows has resumed.

Flags are bullish continuation patterns, and breakouts typically see analysts anticipate a price rally equal to the magnitude of the initial run higher. The so-called measured move method implies at least 30% upside for both IBIT and bitcoin’s spot price.

IBIT's daily chart. (TradingView/CoinDesk)

Flags have a low failure rate, according to technical analysis theory. That said, the pattern could fail if macro factors take a turn for the worse, pushing prices back into a counter-trend consolidation. Such a move would negate the bullish outlook.

As of now, bitcoin’s spot price also indicates a bullish setup, suggesting a potential rally to $134,000, according to veteran chart analyst Peter Brandt.

Peter Brandt's post on X.

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BlackRock’s Spot Ether ETF Registers Record Trading Volume of 43M Amid Net Inflows of $158M

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Ethereum’s native token, ether ETH, rose nearly 6% Wednesday, outperforming bitcoin (BTC), XRP (XRP) and solana’s SOL (SOL) as expected. The outperformance saw record trading activity in BlackRock’s spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq.

More than 43 million shares of ETHA changed hands Wednesday, the highest single-day tally since the fund’s debut a year ago, nearly doubling from the previous day’s total of 24 million, according to data source Yahoo Finance.

Daily volumes have been rising for over a month, as evidenced by the 30-day average, which has climbed to a record 18.83 million from 12.97 million in early June, according to data source TradingView.

ETHA's daily chart with trading volumes. (CoinDesk/TradingView)

The ETF has also seen brisk inflow of investor money, pointing to a bullish market sentiment for the second-largest cryptocurrency by market value. The ETF has collected over $1.20 billion in investor money since June, with the net inflows totaling $159 million on Tuesday, the biggest single-day tally since June 11, according to data source SoSoValue.

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