Nfts
Crypto News Today – June 11, 2024
TDR Crypto News Today:
Fidelity International tokenizes money market fund on JPMorgan blockchain
Fidelity International has successfully tokenized a money market fund using JPMorgan’s blockchain technology. The initiative, first reported on CoinDesk, aims to streamline operations and increase transparency for investors. Read all about it on the TDR website.
Senate bill could subject crypto to US sanctions
A new Senate bill proposes to include cryptocurrencies in US sanctions regulations. CoinDesk reported that the crypto industry is actively lobbying against the bill, arguing that it could stifle innovation and growth.
Mainstream Adoption of Crypto Pushes, Canaccord Reports
Canaccord’s latest report highlights a significant increase in mainstream crypto adoption over the past few months. The growing acceptance is attributed to institutional interest and broader public engagement, CoinDesk reported.
Bitcoin and Ethereum attract significant inflows
Bitcoin recently saw $2 billion in inflows, while Ethereum saw its highest level of institutional buying since March. This trend reflects the increased confidence of major investors in major cryptocurrencies, reported by CoinDesk.
Bitcoin and Ethereum exchange balances hit four-year low
Bitcoin and Ethereum balances on exchanges have reached their lowest levels in four years. This suggests that investors are increasingly holding on to their assets rather than trading them, as Crypto.News reports.
South Korea classifies some NFTs as securities
In a revolutionary move, South Korea has classified certain non-fungible tokens (NFTs) as securities. This classification will subject these NFTs to the country’s financial regulations, aimed at protecting investors and maintaining market stability, Forkast News first reported.