World Liberty Financial (WLFI), the Trump-backed crypto project, is preparing to expand its ecosystem by tokenizing real-world assets (RWA) such as oil, gas, cotton, and timber. These assets will be paired with the platform’s USD1 stablecoin, which has rapidly emerged as one of the world’s largest stablecoins. Tokenizing Commodities on Blockchain Speaking at the Token2049 conference in Singapore, CEO Zack Witkoff confirmed that the team is actively developing tokenized asset offerings. “Commodities like oil, gas, cotton, and timber should be traded on chain,” Witkoff said, emphasizing the role of blockchain in making traditionally illiquid assets more accessible. The initiative will…
Author: Blockto Team
BNB reclaims key support levels as buyers eye $1,100 resistance Binance Coin (BNB) extended its bullish rally on October 1, breaking above the $1,020 level with strong upward momentum. The move comes as the token gained more than 19% in recent sessions, supported by increased trading activity and renewed investor confidence. The chart shows that BNB has been climbing steadily since late September, with price action forming an ascending trendline that continues to support the uptrend. After testing the demand zone near $920–$940, buyers regained control and pushed the token higher through the $975–$990 support region. At the time of…
European digital asset manager CoinShares has announced its acquisition of Bastion Asset Management, a London-based investment firm, as part of its strategy to launch actively managed crypto exchange-traded funds (ETFs) in the United States. The move comes as demand for active ETFs outpaces passive funds, signaling a major shift in both traditional and digital markets. Why CoinShares Acquired Bastion The deal, pending approval from the UK Financial Conduct Authority (FCA), will allow CoinShares to integrate Bastion’s systematic trading expertise, strategies, and team into its platform. Although financial terms were not disclosed, the acquisition is designed to strengthen CoinShares’ position as…
New rules clarify custody standards and customer protections amid leadership change With less than two weeks before stepping down, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris has issued an update to the state’s crypto custody guidance. The revisions aim to strengthen protections for users in the event of insolvency or similar proceedings, building on earlier guidance introduced in January 2023. The updated framework provides clearer standards for “acceptable sub-custodians,” custody practices, and permissible uses of customer assets. “As we see the use of more sub-custodial relationships in the digital asset space, this guidance provides additional clarity on…
Labor market weakness sparks dollar pressure as gold gains safe-haven bid The latest ADP Non-Farm Employment Change report revealed a surprise decline of 32,000 jobs in the U.S. private sector, sharply missing forecasts of a 52,000 gain and reversing the previous month’s 54,000 increase. The data marks a significant turning point in the labor market outlook and raises questions about the resilience of the U.S. economy. Economists had expected continued modest job growth, but the contraction highlights cooling business confidence and slowing demand. “A negative print when the market was positioned for hiring growth is a warning sign that momentum…
XAU/USD continues its strong rally, breaking key resistance levels Gold (XAU/USD) surged to a new all-time high near $3,900, extending its powerful bullish momentum from September’s rally. The move highlights ongoing investor demand for safe-haven assets amid global economic uncertainty and volatile equity markets. The chart shows gold’s sustained uptrend, with price action forming higher highs and higher lows since early September. After consolidating briefly around the $3,660 support zone, gold broke through resistance at $3,760–$3,780 before climbing to a fresh peak at $3,895. BITX Analysts point out that this sharp rally has kept gold closely aligned with its ascending…
ECB money printing risks could unlock fresh liquidity for crypto France’s mounting fiscal deficit is raising alarms in Europe, but some see it as a catalyst for Bitcoin. According to BitMEX co-founder Arthur Hayes, the European Central Bank (ECB) may soon be forced into large-scale money printing, a move that could drive trillions of euros into digital assets. France’s Deficit Exceeds EU Limits The Banque de France reported a net loss of €7.7 billion ($8 billion) in 2024, largely due to high interest payments and negative net interest income. This pushed France’s government deficit to over €168 billion ($176 billion),…
ATOM rebounds strongly from key support, eyeing higher levels Cosmos (ATOM) showed a decisive rebound in the last trading sessions, climbing back above $4.23 after a period of heavy selling. The move came as buyers stepped in around the $4.10 support zone, a level that has acted as a strong demand area over recent weeks. The chart shows ATOM trading within a broad range between $4.10 (support) and $4.90 (resistance). Following weeks of consolidation, the token recently dipped toward the lower boundary of this range before staging a strong comeback, signaling renewed interest from market participants. Trading volume also spiked…
“Open Issuance” offers minting, reserves management, and compliance-ready infrastructure Global payments giant Stripe has unveiled a new product, Open Issuance, which allows businesses to create and manage stablecoins “with just a few lines of code.” The launch marks Stripe’s most ambitious move into digital assets, as stablecoins continue to grow into one of the fastest-expanding sectors of the crypto market. With Open Issuance, companies can mint and burn tokens, customize reserves, and decide the ratio between cash and treasuries while choosing preferred custodial partners. Reserves will be managed by BlackRock, Fidelity Investments, and Superstate, ensuring institutional-grade backing for issued stablecoins.…
No-action letter marks shift in custody rules for digital assets The U.S. Securities and Exchange Commission (SEC) has signaled greater flexibility toward cryptocurrency custody by permitting investment advisers to use state trust companies as custodians. The SEC’s Division of Investment Management issued a no-action letter, confirming it would not recommend enforcement if advisers rely on such entities to safeguard digital assets. Key Interim Step for Crypto Custody The guidance follows a request from law firm Simpson Thacher & Bartlett, which sought assurances for financial institutions, including venture capital firms, that custodying digital assets through state trust companies would not trigger…