CoinDesk

On Wednesday, May 2nd, 2024, Fidelity's Bitcoin Trust (FBTC) experienced significant outflows, surpassing those of Grayscale's Bitcoin Trust (GBTC). This development could be seen as a worrying sign for cryptocurrency bulls, as it may indicate a shift in investor sentiment towards Bitcoin and digital assets.

Changpeng Zhao, the founder of cryptocurrency exchange Binance, received a four-month sentence in a legal case. This relatively short sentence is seen as a validation of the legal strategy employed by Zhao and his team in defending against the charges brought against him.

Expectations for a series of interest rate reductions by central banks in 2024 have been diminishing rapidly in recent weeks. This shift comes as economic data and inflation figures have shown unanticipated resilience, contradicting earlier projections of a cooldown. Policymakers now face the challenge of balancing efforts to control persistent price pressures while avoiding excessive tightening that could stifle growth.

EigenLayer, a highly anticipated restaking project, has unveiled a 43-page whitepaper detailing its new EIGEN token. However, the whitepaper has raised numerous questions from the community. It is important to note that much of the promised functionality outlined in the whitepaper may not be available when the token initially launches.

The U.S. Securities and Exchange Commission (SEC) appears unlikely to approve spot exchange-traded funds (ETFs) for Ether (ETH) in the near future. However, even if the SEC were to approve such ETFs, investors are advised to consider total return ETH investment products. These products would allow investors to benefit not only from the underlying price movements of ETH but also from staking rewards associated with the Ethereum network.

According to André Dragosch, the head of research at ETC Group, the summer months from June to September have historically seen lower investor returns compared to other times of the year. This observation highlights potential seasonal patterns in investment performance.

According to a report, the cryptocurrency is currently trading below the average spot exchange-traded fund (ETF) purchase price of approximately $58,000. This situation could potentially trigger liquidations in the market.

BlackRock, the world's largest asset manager, and Securitize, a leading digital asset securities firm, have partnered to create the BlackRock USD Institutional Digital Liquidity Fund. This fund, launched last month, is believed to be focused on tokenizing real-world assets (RWAs). In a related development, BlackRock's first tokenized offering, also created in collaboration with Securitize, has captured nearly 30% of the $1.3 billion tokenized Treasury market in just six weeks since its launch.

BlackRock, the world's largest asset manager, and Securitize, a digital asset securities firm, have partnered to create the BlackRock USD Institutional Digital Liquidity Fund. While details are scarce, the fund may be aimed at tokenizing real-world assets (RWA), enabling their representation and trading on blockchain networks.

Sam Bankman-Fried, the founder of the now-bankrupt cryptocurrency exchange FTX, had likened himself to Luke Skywalker and his rival Changpeng Zhao of Binance to Darth Vader. However, federal judges did not find this Star Wars analogy persuasive in the legal proceedings surrounding the collapse of FTX.