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. This initiative, first reported on CoinDesk, aims to streamline operations and increase transparency for investors. Read all about it on the TDR website.
Proposed Senate Bill Could Subject Crypto to US Sanctions
A new Senate bill proposes including 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 Surge, Canaccord Reports
Canaccord’s latest report highlights a significant increase in mainstream crypto adoption in recent months. The growing acceptance is attributed to institutional interest and broader public engagement, reported on CoinDesk.
Bitcoin and Ethereum attract significant flows
Bitcoin recently saw inflows of $2 billion, while Ethereum recorded its highest level of institutional purchases since March. This trend reflects increasing confidence among mainstream investors in major cryptocurrencies, reported on CoinDesk.
Bitcoin and Ethereum exchange balances hit four-year lows
Bitcoin and Ethereum balances on exchanges have reached their lowest levels in four years. This suggests that investors are increasingly holding onto their assets rather than trading them, as reported on Crypto.News.
South Korea classifies selected NFTs as securities
In an innovative move, South Korea has classified certain non-fungible tokens (NFTs) as securities. This classification will subject these NFTs to the country’s financial regulations, aiming to protect investors and maintain market stability, first reported on Forkast News.