Citi Bank Tests Tokenization On Avalanche
CoW DAO Launches AMM, Moonwell Launches USDC Lending Across Ethereum, Ordinals IRL Gallery In San Francisco
Welcome to Coinfeeds Daily Digest! Bitcoin ETFs have seen bigger inflows over the past 4 days than over the first 4 weeks after approval and launch, and Superchief's IRL art gallery driven by Bitcoin Ordinals is opening in San Francisco. Citi is testing tokenization of private equity funds on the Avalanche network as Lido, partnered with Taurus, is bringing liquid staking services to Swiss banks, and confectionary conglomerate Mondelez has joined Hedera's council. Regarding new releases, DeFi protocol Moonwell is unveiling USDC lending throughout the entire Ethereum ecosystem (all related networks within), and CoW DAO has launched an AMM exchange designed to protect users from the MEV issue.
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Citi Bank Tests Private Equity Fund Tokenization on Avalanche
Citi Bank's test, conducted on Avalanche's Spruce Subnet, showcased the tokenization of private equity funds, a process that could revolutionize the way investors and issuers operate. The trial included comprehensive tests such as end-to-end token transfers, secondary trading, and collateralized lending validation. | Read More
Bitcoin ETF Inflows Bigger In Last 4 days Than First 4 weeks
The last four days have seen more inflows into Bitcoin ETFs than the first four weeks of their trading combined. To put this into perspective, 10 spot Bitcoin ETFs collectively received 43,300 Bitcoin, which is valued at approximately $2.3 billion. This rapid accumulation of Bitcoin by these funds has outpaced the initial 42,000 Bitcoins that were gathered in the first 20 days. | Read More
Mondelez Joins Hedera Council
Mondelez International, the powerhouse behind beloved brands such as Oreo and Cadbury, has recently taken a significant step into the future of technology and supply chain management by joining the Hedera Council. This move marks a pivotal shift towards embracing distributed ledger technology. | Read More
Superchief Opens First IRL Bitcoin Ordinals Art Gallery In San Francisco
San Francisco is now home to the world's first art gallery dedicated to Bitcoin Ordinals, thanks to the innovative efforts of Superchief Gallery. This groundbreaking space is the result of a collaboration between Superchief Gallery, Cypherpunk Lab, Nuro Realm, and Deezy Labs. | Read More
Lido & Taurus Bring Liquid Staking To Swiss Banks
With the partnership, Taurus is leveraging Lido's expertise to provide liquid Ethereum staking services to Swiss-based banks that are regulated by the Swiss Financial Market Supervisory Authority (FINMA). This move allows customers of these banks to earn income from holding and staking Ethereum tokens. | Read More
CoW DAO Launches MEV-Capturing AMM
CoW DAO, a decentralized autonomous organization, has introduced an innovative automated market maker (AMM) exchange. This platform is specifically designed to shield liquidity providers from a prevalent issue in the DeFi space known as maximal extractable value (MEV). | Read More