Algorithmic Ratings & Investment Analysis
© ARIA 2025
by aria-crypto.com
November 29, 2024 at 14:27
BlackRock Dives into DeFi with $533 Million Investment in Curve Finance
BlackRock has launched a significant foray into decentralized finance (DeFi) by partnering with the altcoin Curve (CRV), which is prominently listed on Binance. This collaboration will involve BlackRock's $533 million BUIDL fund, emphasizing the integration of institutional funds into the DeFi sector through Elixir and Curve Finance platforms. Curve Finance is recognized as a leading decentralized exchange for stablecoin trading, primarily acting as a central liquidity hub for USD and various stablecoins. BUIDL fund's involvement allows token holders to mint a yielding synthetic dollar, known as USD, without compromising their initial investment returns. With this move, BlackRock enables up to $1 billion from institutional real-world asset holders to enter the DeFi space. Following the announcement, there was a noticeable rise in the market price of CRV, underscoring the positive market reception. This partnership indicates a strong future for institutional engagement in cryptocurrency through DeFi platforms.
Recent news from Coinbase has brought attention to an extraordinary $8.6 billion Bitcoin transaction that occurred last Thursday. The transfer involved a single whale who had held the Bitcoin across eight wall...
2 hours ago
The anticipated GENIUS Act could reshape the landscape for stablecoins in the U.S. market, placing immense pressure on Tether and its popular issuance of USDT. Once this legislation is enacted, issuers will fa...
7 hours ago
Ondo Finance, a leading platform in decentralized finance (DeFi), has made a significant move by acquiring SEC-registered broker-dealer Oasis Pro. This acquisition aims to facilitate the offering of regulated ...
Amid rising electricity rates and power shortages, Russian authorities are reconsidering the implications of cryptocurrency mining within the country. President Vladimir Putin has expressed concerns over unre...
11 hours ago
Turkey’s Capital Markets Board (SPK) has recently imposed a ban on access to PancakeSwap, citing unauthorized crypto asset services directed at Turkish residents. This prohibition was enacted under specific ar...
12 hours ago
The NEAR Protocol token saw a 5% decrease in value on Friday, even with the recent introduction of Bitwise's NEAR exchange-traded product (ETP). This downturn comes during a relatively quiet day for the broade...
14 hours ago
Arbitrum has recently processed an astonishing $545 billion in decentralized exchange (DEX) volume, yet its market capitalization remains a modest $1.9 billion. This paradox is drawing attention, especially w...
16 hours ago
Russia is poised to launch its own ruble-backed stablecoin, known as RUBx, along with the RT-Pay payment platform developed by the state-owned conglomerate Rostec. The stablecoin will be pegged 1:1 to the Russ...
17 hours ago
Institutional interest in Bitcoin is gaining momentum, highlighted by Fidelity's remarkable $183.7 million acquisition in a single day. This accumulation is part of a broader trend, as the spot Bitcoin ETF rep...
18 hours ago
Coinbase's Layer 2 scaling solution, Base, has experienced a significant shift in capital flows this year. After leading in 2024 with a net inflow of $3.8 billion, Base now confronts a net outflow of $4.3 bil...
19 hours ago
Stay informed and up-to-date on the market's latest news with ARIA's Institutional Terminal's News Aggregator.
Find your curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Get Institutional Access