BlackRock's Bold Move in the Crypto World
The financial giant BlackRock is making waves by quietly supporting a new U.S. dollar rival amid a surge in Bitcoin and crypto prices, according to Forbes. The company has embraced cryptocurrencies with an unexpected spot bitcoin exchange-traded fund (ETF) on the horizon. As fears of a potential collapse of the U.S. dollar grow, BlackRock’s USD Institutional Digital Liquidity Fund (Buidl) backs Ethena's newly launched stablecoin, UStb, through real-world asset tokenization platform Securitize.
This collaboration marks a significant milestone as it combines innovations in stablecoins and asset tokenization. With over $522 million in assets under management, Buidl provides security for this venture while allowing investors within crypto ecosystems to earn dividends from Treasury funds without moving their assets off-chain.
Crypto Market Soars Amid Bullish Sentiments
A recent report from CoinGape highlights that cryptocurrency prices have seen substantial gains recently, with Bitcoin surpassing $66K and altcoins like Ethereum following suit. This bullish trend reflects increased investor optimism globally as major coins such as Solana and XRP also experience upward momentum.
The global market cap rose significantly despite declining total volume value today; however, meme coins like Dogecoin saw impressive performance increases alongside Pepe coin leading broader market gains at nearly 20%. These developments indicate growing confidence among traders who are eager about future prospects across various digital currencies.
CZ Returns: A Catalyst for Cryptocurrency Gains?
According to Crypto Briefing reports regarding Changpeng Zhao’s return after serving his four-month sentence related to charges against Binance operations - both BTC & BNB experienced notable price hikes upon CZ tweeting again post-release date announcement earlier last week! Analysts predict strong Q4 rallies fueled partly due to anticipated Federal Reserve rate cuts encouraging higher-risk investments into alternative tokens beyond traditional ones already established within industry circles worldwide!
An Improved Environment Boosts Risk Assets Including Polkadot
Investing.com notes how improving conditions favor riskier investment options led primarily via China stimulus measures coupled with positive US labor data announcements helped propel cryptos back towards pre-summer highs not seen since July levels reached previously during pandemic recovery phases initially started late springtime months ago now finally bearing fruit once more amidst renewed enthusiasm surrounding the sector overall outlook going forward on a long-term basis alike many other sectors impacted similarly throughout the past year-plus timeframe elapsed thus far altogether combined synergistically.
Sources:
- ‘$16 Trillion By 2030’—BlackRock Is Quietly Backing A Radical New U.S. Dollar Rival Amid A Bitcoin And Crypto Price Boom
- Cryptoquant CEO Expects Crypto Market to Skyrocket With CZ's Return — 'Bullish Vibes Everywhere'
- Cryptocurrency Prices on September 28: BTC Tops $66K, Altcoins Mirror Bullishness
- Why Is the Crypto Market Rising Today?
- Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release
- Crypto prices rise on improving environment for risk assets; Polkadot adds 2%
- Staking Protocol Bug Let Users Swap One Bitcoin for One Ethereum
- Ethereum blob count is ‘uncomfortably close to a ceiling’ — Vitalik Buterin
- Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party
- Ethereum aims to reclaim $2,817 amid 498% rise in transaction fees
- Cardano Founder Slams Critics for Misrepresenting His Views On Ethereum
- Ethereum Game ‘Space Nation Online’ Is First Step for a Star Wars-Like Epic IP
- Bitcoin's 'Outside Day' Sets Stage for $70K, Altcoins Break Out: Technical Analysis
- 3 Bullish Altcoins Predicted to Outperform Bitcoin in October 2024
- Upcoming Quarter Looking Solid for Bitcoin and Altcoins, Says Analyst Kevin Svenson – Here’s His Outlook
- Top 5 altcoins under $0.10 poised to rally 50x by end of 2024 – Cybro leads
- 3 Altcoins to Secure Life-Changing Gains by 2025
- Q4 crypto rally chances ‘exceptionally high,’ fueled by BTC $65K breakout
- Bitcoin (BTC) Price Prediction for September 27
- Bitcoin Price Prediction: BTC Price To Hit $70K Or $60K This Uptober?
- Bitcoin Price Forecast as Binance’s CZ is Released from Prison – $150,000 BTC Incoming?
- Here is Shiba Inu Price If It Captures Half of Bitcoin Market Cap
- Will Bitcoin Price Break $70K Level? Analyst Predicts A New Milestone
- Pepe Price Prediction October – New Frog Meme Coin PEPU Nears $16M In ICO
- From Market Bottom To Moon: How Bitcoin, Ethereum And Dogecoin Skyrocketed Since 2020
- Coinbase Teases Coinbase Wrapped Bitcoin (cbBTC) Expansion to Ethereum Layer-2 Arbitrum (ARB)
- Crypto Price Analysis 9-27 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, BITTENSOR: TAO, RENDER: RNDR
- SHIB Smashes BTC, ETH, XRP by Weekly Profits in Grayscale's Report By U.Today
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