A new nonprofit, Ethereum Institutional, has launched to coordinate institutional outreach for the Ethereum blockchain, backed by key treasury holders and co-founder Joe Lubin. It aims to attract more banks and financial institutions by offering education and industry research.
Anchorage Digital and Binance launch an off-exchange settlement platform for institutional clients. This allows trading on Binance while keeping crypto and cash in qualified custody at Anchorage, mitigating exchange counterparty risk.
Theo, an onchain capital markets platform, has invested $20 million in Fidelity International's USD Digital Liquidity Fund (FILQ). This marks Theo as the first crypto-native platform to invest in the asset manager's tokenized fund, which is integrated into Theo's thBILL product via Sygnum.
Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption.
A high-stakes tug-of-war is unfolding in the digital asset markets as Bitcoin wrestles with the critical $80,000 threshold. While long-term holders are capitalizing on the recent surge to lock in massive profits, a relentless wave of institutional capital flowing into exchange-traded funds is absorbing the sell-off, keeping hopes for a near-term rally toward $90,000 firmly […] The post Bitcoin sellers take profits above $80,000, but ETF demand keeps $90,000 rally hopes alive appeared first on CryptoSlate.
