• MANTRA blockchain and DAMAC Group partner to tokenize $1B in assets
• Assets include real estate, hospitality, and data centers
• Launch planned for early 2025
• DAMAC began accepting crypto payments in 2022
• MANTRA received $11M funding for infrastructure expansion
Finance News & Updates
All the latest Finance News from Blockonomi – Live updates as it happens.
• Bitcoin ETFs saw $582M net outflows on Wednesday – second highest ever
• Ethereum ETFs experienced $159.3M in outflows
• Fidelity’s FBTC led outflows with $258M withdrawn
• Bitcoin price dropped to $92,500 amid macro concerns
• December 2024 saw ETFs purchase 51,500 BTC vs 13,850 BTC mined
• Czech National Bank Governor Aleš Michl discussed Bitcoin as a potential reserve asset
• CNB currently holds 50 tons of gold, plans to increase to 100 tons in 3.5 years
• The governor personally considered buying “a few Bitcoin”
• Final decisions require approval from all 7 board members
• CNB maintains focus on traditional assets: gold, stocks, bonds, and cash deposits
The Swiss Federal Chancellery, the key staff organization for the Swiss government, has greenlit the “Bitcoin Initiative,” a new proposal…
The USD index is at multi-year highs as 2025 begins. In fact – the USD index hasn’t been over 109…
El Salvador has reached a preliminary arrangement with the International Monetary Fund (IMF) on a $1.4 billion loan. Under the…
TLDR First Abu Dhabi Bank (FAB) partners with Libre Capital for blockchain-based lending using tokenized assets as collateral Libre has…
TLDR U.S. national debt has reached $36 trillion as of November 21, 2024 Trump has appointed Elon Musk and Vivek…
TLDR: Brazil’s Central Bank (BCB) launched phase two of DREX CBDC pilot program Partnership includes Microsoft Brazil, Banco Inter, 7COMm,…
TLDR Fed cuts interest rates by 25 basis points to 4.50%-4.75% Bitcoin price at $76,644.57, up 1% in 24 hours…
TLDR: New stablecoin USDG launched by major crypto companies including Robinhood, Kraken, and Paxos Based in Singapore and compliant with…
TLDR: Robinhood reported 165% growth in crypto revenue to $61 million in Q3 Overall revenue grew 36% year-over-year to $637…
TLDR: Wall Street advisers see major potential in tokenization of U.S. Treasury debt Committee suggests centralized control may be necessary…
TLDR: BRICS nations aim to reduce US dollar dependence through new financial systems and potential new currency Russia’s Deputy FM…
TLDR Metaplanet purchased 156 additional BTC, bringing total holdings above 1,000 BTC Company stock rose 6.06% following the announcement Metaplanet…
TLDR: MicroStrategy (MSTR) stock hit a 25-year high of $235.89, rising over 7% on October 25th The company holds 252,222…
TLDR: Circle CEO confirms IPO plans are proceeding without need for additional funding Company filed SEC registration in January 2024…
In a post published on Friday, Binance Thailand CEO Nirun Fuwattananukul said that Thailand’s digital assets market is transitioning from…
Ripple CEO Brad Garlinghouse says he was de-banked after Citibank cut ties with him due to his prominent role in…
TLDR Chainlink launched initiative to standardize corporate actions data using AI and blockchain Major financial players involved including Euroclear, Swift,…
Grayscale Investments, the asset management giant pioneering numerous crypto-related investment products, is seeking regulatory approval to convert its Digital Large…