A newly created wallet, bc1qw5, withdrew 500 $BTC($31.15M) from #Binance 4 hours ago.
https://t.co/rUWmTJRGQK https://t.co/q1qxjR2j9h
A newly created wallet, bc1qw5, withdrew 500 $BTC($31.15M) from #Binance 4 hours ago.
https://t.co/rUWmTJRGQK https://t.co/q1qxjR2j9h
Plume Brings Institutional RWA Yield to Binance Wallet
@plumenetwork's flagship yield vault, nBASIS, is now live inside Binance Wallet - putting institutional-grade RWA strategies in front of one of the largest Web3 wallet ecosystems.
The vault wraps two tokenized funds: Bitwise's Crypto Carry Fund (USCC, $225M+ AUM), which runs market-neutral basis trades on BTC, ETH, SOL, and XRP via CME and Coinbase futures, and Invesco's Short Duration US Government Securities Fund (USTB, $950M+ AUM) for tokenized Treasury exposure. Superstate handles the tokenization.
Tokenized RWA TVL is up 420% in a year, and Plume's framing is right: the infrastructure question is settled, distribution is the next battleground.
Plume is the leading platform for RWA holders, and our @NestCredit vaults are now available on @BinanceWallet
Through the nBASIS vault, Binance Wallet users can access institutional-grade yield from @Bitwise USCC cash-and-carry fund, with over $225M in AUM, and Invesco’s USTB, a tokenized Treasury fund with more than $950M in AUM.
Check out how this scales Open Finance → https://t.co/XOpLcaEp71
BlackRock has run into an unexpected Bitcoin ETF problem.
Not Bitcoin itself.
Dust.
Since launching its spot Bitcoin ETF, BlackRock has received thousands of dollars worth of random crypto tokens sent to its Bitcoin wallets.
Those assets can't simply be sold without creating potential legal and tax complications for the ETF. Instead, they are being held separately or donated.
It's a small issue in the grand scheme of things.
But it's another reminder that bringing Bitcoin into traditional finance creates challenges nobody has had to deal with before.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.