nilodean6

@nilodean6

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888 BNB market cap at $270K. CZ recently highlighted it. Personally recommend a quick in-and-out strategy. Keep a close eye on stops and targets. Monitor the charts and manage risk accordingly. DYOR. #BNB #Crypto #Trading

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BlackRock’s tokenized money market fund has expanded to the Solana blockchain as its market capitalization approaches the $2 billion mark.

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On March 25, Carlos Domingo, the founder and CEO of real-world asset (RWA) tokenization platform Securitize, welcomed the Solana network to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This marked the tokenized money market fund’s expansion to another blockchain network.

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BlackRock launched BUIDL in March 2024 in partnership with Securitize. In a Fortune report, Securitize chief operating officer Michael Sonnenshein said the fund aims to make offchain assets “unboring.”

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The executive said they are advancing some of the deficiencies of money markets in their traditional formats.

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On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.

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Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.

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Today in crypto, Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction, the Ethereum Foundation announced new leadership, and US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulations, stablecoins and Bitcoin reserve legislation.

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Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

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Blockchain ecosystems like Ethereum and Polkadot are prime examples of how decentralized technologies can enable a wide range of real-world use cases, from financial transactions to community-driven projects. This same principle can be applied to internet infrastructure, creating networks immune to corporate gatekeeping and censorship.

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When it comes to purchasing Bitcoin, Canadians and other residents have several options. Canadians can buy Bitcoin on a centralized exchange (CEX), a decentralized exchange (DEX), via a non-custodial wallet or a Bitcoin ATM.

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https://warpcast.com/nilodean6/0x22fca75f

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There are indeed already some signs of traditional lenders warming up to the sector. At the World Economic Forum in Davos, Morgan Stanley CEO Ted Pick stated that the bank is committed to working with US regulators, including the Treasury Department, to explore ways to offer crypto services safely.

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For the last several years, US bank regulators have unilaterally and undemocratically barred banks from offering crypto services,” Coinbase Chief Policy Officer Faryar Shirzad said on Feb. 4 social media platform X.

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While El Salvador is widely regarded as one of the most crypto-friendly nations in the world, crypto firms say access to traditional banking has remained a major roadblock for the ecosystem. However, with Trump’s potential return to the White House as a pro-crypto president—and his appointment of a crypto and AI czar—optimism is growing that momentum is shifting in the industry’s favor after years of regulatory headwinds.

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Yet now, even the IMF has acknowledged that many of the feared risks have not materialized. And while Bukele’s grand Bitcoin vision has been scaled back in some ways, his government’s Treasury purchases have continued steadily—now accounting for roughly 15% of El Salvador’s total national reserves, or nearly $600 million.

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White-collar prison consultant Sam Mangel told Bloomberg that several defendants have submitted clemency requests since Trump was elected.

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Although many in the crypto community thought Bankman-Friend’s chance at clemency was higher under former US President Joe Biden, the Trump administration has become a powerful ally for the industry. While this may not be enough to absolve Bankman-Fried of his sentence, there’s growing hope among white-collar defendants that President Donald Trump is open to hearing their cases.

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Bankman-Fried’s criminal trial concluded in November 2023, where he was found guilty of seven charges ranging from wire fraud, securities fraud and commodities fraud. His sentencing was handed down on March 28, 2024.

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Once considered to be the golden child of crypto, Bankman-Fried’s house of cards fell apart in late 2022 when FTX couldn’t fulfill customer withdrawals. The exchange collapsed in a matter of days, revealing a business built on fraud, embezzlement and misuse of customer funds.

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