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DBS Bank Launches Tokenized Structured Notes on Ethereum to Boost Crypto Accessibility

  DBS Bank has tokenized structured notes linked to cryptocurrencies on the Ethereum public blockchain. The notes are available to eligible investors via digital platforms including ADDX, DigiFT, and HydraX. Tokenization divides each note into $1,000 units, improving fungibility and tradability. This move expands DBS’s digital asset offerings, promoting greater institutional adoption in crypto markets. Singapore’s…
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China Considers Yuan-Backed Stablecoins to Challenge Dollar Dominance in Crypto

China Considers Yuan-Backed Stablecoins to Challenge Dollar Dominance in Crypto

China’s State Council is set to review a roadmap later this month that could approve yuan-backed stablecoins to expand the currency’s global reach. The move marks a potential reversal from China’s 2021 crypto ban, driven by efforts to counter U.S. dollar-backed stablecoins dominating 99% of the market. Hong Kong and Shanghai are identified as key hubs for rollout, aligning with recent regulatory frameworks in Hong Kong. The initia…
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Bitcoin Dips Below 3K Amid Heavy ETF Outflows - Ethereum Feels the Pressure

Bitcoin Dips Below $113K Amid Heavy ETF Outflows, Ethereum Feels the Pressure

Bitcoin price decline: BTC slipped below $113,000 on August 19, driven by retail panic selling and substantial ETF outflows totaling nearly $1 billion across Bitcoin and Ethereum funds. Ethereum ETF shifts: Ethereum-focused ETFs recorded significant outflows, reflecting broader market pullback and institutional caution. Market sentiment: Retail traders turned “ultra bearish,” but analysts see the dip as a potential buying opportunity…
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Circle’s Gateway Launch Unifies USDC Across Seven Blockchains

Circle launched Gateway, enabling unified USDC balances across seven blockchains. The protocol supports instant cross-chain liquidity, enhancing DeFi efficiency. Move aligns with growing demand for interoperable stablecoin solutions. Circle, the issuer of USDC, has launched its Gateway protocol on mainnet, allowing users to maintain a single USDC balance while transferring tokens across seven major blockchains, including Ethe…
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Ethereum Backers Deploy Billions into Wall Street Integration

Ethereum ETFs Surge with Record Inflows as Backers Deploy Billions into Wall Street Integration

Ethereum ETFs dominated last week’s crypto inflows with $2.87 billion, representing 77% of the total $3.75 billion across digital asset products. Spot Ethereum ETFs outpaced Bitcoin counterparts for the fifth consecutive day, adding $3.4 billion versus $966 million for Bitcoin funds. Major Ethereum supporters, led by BitMine Immersion Technologies, are holding over $6 billion in Ether to expand into traditional finance, signaling shi…
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