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ONDO Spikes 8% as Major Derivatives Exchanges Mull BlackRock's BUIDL as Collateral OptionUS Miners Grow Market Share, MARA’s $200m BTC Loan, and Cipher’s 1.5 GW Buy
BlackRock's Big Move: Tokenized Money Market Funds on Exchanges
BlackRock is making waves by chatting up major crypto exchanges like Binance and OKX about using its tokenized money market fund, BUIDL, as collateral for trading. This means traders can keep earning yields without having to use stablecoins! Talk about leveling up the game.
Ondo’s Governance Token Surges: Why It Matters to You
Ondo Finance’s governance token skyrocketed 9% after the news dropped, hitting 79 cents before settling down. This move shows how closely crypto traders are watching the market, especially with big players like BlackRock getting involved.
Why Tokenized Collateral is the Next Big Thing
Tokenized U.S. Treasuries are booming, tripling in size this year! These assets let businesses earn yield while keeping their cash on-chain, and now they’re being eyed as possible collateral options, which could change the trading landscape forever.
A Bright Future for Collateral Tokens in Finance
Industry experts from State Street are hyped about collateral tokens helping during financial crunches. Imagine pension funds posting tokens for margin calls instead of scrambling for cash—this could be a total game changer in traditional finance!
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