CryptoEconomy

Fidelity's FCAT launched a Decentralized Verifier Network on LayerZero, enhancing security for multi-chain interactions while enabling customizable risk management for developers. Monitoring adoption by DeFi and traditional finance is crucial for future success.

American Bitcoin Corp. has accumulated 6,060 BTC valued at $413 million, ranking among the top corporate holders. Despite this growth, shares have dropped 45% due to Bitcoin's volatility, as ABTC aims for long-term asset retention amidst market fluctuations.

BlackRock has launched the iShares Staked Ethereum Trust, aiming to track Ether's price and generate passive yields by staking a significant portion of its assets. With initial capital of $100,000, attention now shifts to the SEC's upcoming decision.

Intesa Sanpaolo significantly increased its investment in digital assets, notably Bitcoin, with about $96 million in ETFs. This marks a shift in European banking towards incorporating digital assets into institutional portfolios, raising questions about broader adoption among Eurozone banks.

SBI Holdings plans to acquire a majority stake in Singapore's Coinhako, enhancing its cryptocurrency presence in Asia and access to the financial hub. This move integrates Coinhako into SBI's ecosystem, focusing on expanding digital asset services.

Tether Gold (XAU₮) marks a historic milestone in the gold industry, allowing shareholders of Elemental Royalty Corporation to receive dividends in tokenized gold, bridging traditional gold ownership with blockchain technology.

Charles Schwab Investment Management increased its investment in Strategy (MSTR), acquiring nearly 1.3 million shares valued at about $193 million. The firm adjusts its crypto-related portfolio, including stakes in TON Strategy and iShares Bitcoin Trust, indicating a diversified approach to digital assets.