BlackRock, the world's largest asset manager, holds a total of 87.779 BTC in its spot ETF, valued at more than $4.000 billion. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
BlackRock ETF tops $4.000 billion
📍BlackRock's spot ETF BTC holdings are valued at over $4.000 billion. According to its official website, the world's largest asset manager shows that it holds a total of 87.779,8 BTC in its Bitcoin spot ETF. The value of these bitcoins exceeds $4.150 billion USD, at the time of writing this article.
Traditional investors are showing strong interest in the most capitalized cryptocurrency on the market, which has become the main alternative for those seeking exposure to the crypto world, to diversify their portfolios, in a regulated manner.
Source: BlackRock
Spot Bitcoin ETFs, which were approved a month ago in the United States, are already accumulating, including the Grayscale Bitcoin Trust (GBTC), 679.000 BTC, worth approximately $32.700 billion.
BlackRock's IBIT is the second-largest Bitcoin ETF, relative to BTC held in reserve.
The dYdX Foundation secures funding to expand its ecosystem
📍In a recent statement, the dYdX Foundation highlighted the allocation of $30 million for the expansion of its blockchain ecosystem. dYdX decentralized governance has voted to allocate $30 million USD in DYDX tokens from the dYdX Chain Community Treasury to ensure the implementation and execution of its roadmap over the next 3 years.
According to reported the organization, governance proposal No. 8, entitled “dYdX Foundation $30M Fundraising”, was approved by the crypto community with a total of 98% of the votes in favor. This will allow the project Treasury to allocate the necessary resources to implement improvements to the protocol, allowing for greater speed, more decentralized and transparent governance, greater scalability, new marketing campaigns that help strengthen and grow the community and, in general, to optimize the operation of dYdX.
dYdX, a DEX built on Ethereum that enables perpetual, margin, and spot trading in a decentralized manner, launched its own blockchain in October as part of its strategic expansion goals. This new blockchain was built using Cosmos’ Tendermint protocol.
Pudgy Penguins hit a new ATH
📍The selling price of NFTs from the Pudgy Penguins crypto collection exceeds 21,5 ETH, according to data from Opensea. The non-fungible token marketplace platform shows that the unit price of digital collectibles from Pudgy Penguins, a project based on the Ethereum blockchain, is 21,75 ETH at the time of writing. This new value is equivalent to about $54.150 USD, according to the current price of the cryptocurrency on the market.
The retail price of these digital collectibles has increased by 45% in the last week, driven by their growing popularity and demand.
In addition to reflecting the price increase, the Opensea platform shows that the sales volume of these NFTs has increased by almost 30% since last Monday.
Source: Opensea
In August 2022, the rarest Pudgy Penguins #6873 in the crypto collection sold for a total of 400 ETH, equivalent to over $990.000 USD today.
Japanese Yen Comes to the Blockchain
📍A blockchain project is tokenizing the Japanese yen on the Injective blockchain. Helix, a decentralized exchange (DEX) based on the Injective network, has launched a tokenized version of the yen, one of the most traded traditional currencies globally.
Chris Choi, product manager at Helix, explained to Blockworks that the yen is among the top three currencies in the world, alongside the US dollar and the euro. However, despite the billions being traded in this fiat currency, “there is little to no outlet” for trading it on the blockchain.
Through the tokenized yen, Helix wants to give its users the opportunity to expose themselves and operate with this fiat currency, integrating it into the decentralized applications or DApps that exist in the Injective ecosystem.
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