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news-imageOctober 31, 2024

Just In: Franklin Templeton Debuts First Tokenized Fund On Coinbase's Base L2

Franklin Templeton, a major asset management firm, has launched its OnChain U.S. Government Money Market Fund on Coinbase's layer-2 blockchain, Base. This move marks the first instance of an established asset manager making a fund available on the Base network, a layer-2 solution built to enhance transaction efficiency and reduce costs on the Ethereum blockchain.
Publisher: Coingape
Sentiment: Positive
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cover-imageCrypto news
October 31, 2024

Florida has $800m in crypto-related holdings: CFO

Florida Chief Financial Officer Jimmy Patronis revealed that the state holds approximately $800 million in crypto-related investments as part of its portfolio, a position he discussed during a CNBC interview.

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Positive
cover-imageBenzinga
October 31, 2024

'We'd Be A Fool If We're Not Prepared'—Florida's Chief Financial Officer Vows To 'Harness Opportunities' In Crypto

Florida Chief Financial Officer Jimmy Patronis is advocating for the state's pension fund to explore crypto investments, emphasizing the long-term viability of digital assets. What Happened: "We'd be a fool if we're not prepared to do everything we can to harness the opportunities there," Patronis stated in an interview with CNBC on Thursday, underlining his commitment to equipping Florida's State Board of Administration (SBA) with a comprehensive investment toolkit, which now includes cryptocurrencies.

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Positive
cover-imageNewsBTC
October 31, 2024

Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report

Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing ending September 30th, 2024, the company disclosed its revenues were up by 165%, and its overall year-to-date (YTD) net deposits increased to $34 million.

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Positive
cover-imageCryptonews
October 31, 2024

Franklin Templeton Expands OnChain Fund to Layer-2 Base

Expanding its $410 million OnChain U.S. Government Money Market Fund, Franklin Templeton moves onto Coinbase's layer-2 Base blockchain. This development underscores a strategic integration of on-chain technology in managing government-backed assets and paves the way for future finance innovations. The post Franklin Templeton Expands OnChain Fund to Layer-2 Base appeared first on Cryptonews.

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Positive
cover-imageCrypto Economy
October 31, 2024

Superstate Upgrades USTB Tokenized Treasury Fund with Continuous Pricing

TL;DR Superstate announces an update for its USTB fund, focused on U.S. government securities, introducing a “continuous pricing” system. This innovation allows USTB holders to earn interest instantly, eliminating traditional settlement delays. The company plans future enhancements, such as “atomic minting” and redemptions on Ethereum, which promises to increase efficiency in DeFi integration.

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Positive
cover-imageCoinPedia
October 31, 2024

Crypto.com Acquires SEC Registered Broker, Watchdog Capital to Expand Offerings in U.S.

In a bold and strategic move, Crypto.com has announced the acquisition of an SEC-registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This acquisition will enable Crypto.com's new subsidiary to offer equities and equity options, among other things, to eligible traders in the U.S. The acquisition is set to significantly enhance Crypto.

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Positive
cover-imageCrypto news
October 31, 2024

Crypto.com acquires Watchdog Capital in a move to the US equity market

In a strategic move to expand its presence in traditional finance, Crypto.com has acquired Watchdog Capital, LLC, a U.S.-based, broker-dealer registered with the Securities and Exchange Commission. This acquisition positions Crypto.com to offer equities and equity options to eligible U.

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Neutral
cover-imageCryptoSlate
October 31, 2024

Riot Platforms attracting ‘blue-chip' partners for AI ventures amid Q3 losses

Riot Platforms CEO Jason Les revealed substantial interest from “blue-chip” companies looking to partner with the Bitcoin miner on AI and high-performance computing (HPC) initiatives. Speaking during the Oct. 30 earnings call, Les explained that the company has received numerous inbound offers to secure large-scale power capacity.

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Neutral
cover-imageUToday
October 31, 2024

Key Fed Inflation Rate Released, Here's Crypto's Reaction

The key Fed inflation rate reached 2.1% in September, as expected, bringing it closer to the Fed's target. Inflation rose slightly in September, moving closer to the Federal Reserve's target, according to a Commerce Department report released Thursday.

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Positive
cover-imageCryptonews
October 31, 2024

Blockchain-Based Solar Firm Glow Raises $30M For Renewable Grid

Glow, a blockchain-powered solar company, announced a $30M investment round led by major firms to expand its decentralized solar farms in the U.S. and India. The funds seeks to boost renewable energy capacity, supporting sustainable projects through token rewards, audits, and carbon credits. The post Blockchain-Based Solar Firm Glow Raises $30M For Renewable Grid appeared first on Cryptonews.

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Positive
cover-imageCrypto Economy
October 31, 2024

Binance Partners with Amazon Web Services to Boost User Onboarding & Efficiency

TL;DR Binance partners with Amazon Web Services (AWS) to improve user experience through generative artificial intelligence. The collaboration focuses on optimizing identity verification and customer service processes. AWS offers advanced tools like Amazon Bedrock and Amazon ECS to power the Binance platform.

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Neutral
cover-imageCrypto Daily
October 31, 2024

Robinhood Reports $14 Billion in Crypto Trading Volume, Shares Drop by 12%

Trading platform Robinhood released its Q3 results, revealing a significant increase in crypto trading volume and revenue compared to Q3 of 2023. Despite the impressive year-on-year surge, Robinhood missed Wall Street estimates, reporting a 12% decline in HOOD shares after-hours trading.

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Neutral
cover-imageUToday
October 31, 2024

Satoshi Nakamoto Mystery Takes New Turn in Bitstamp's Tweet

Popular cryptocurrency exchange Bitstamp has published a tweet, in which it mentioned the mysterious Bitcoin creator Satoshi Nakamoto and looked at his enigma from a new angle. It suggested that there is something that may be much more important than unveiling his true identity.

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