In this episode, we dive into the latest CoinStreet headlines, including Andy Scaramucci’s plan to tokenize $300 million in assets, Bitcoin’s recent dip amid U.S. market pressures, Google’s significant investment in Bitcoin miner Terrewolf, and the launch of a new non-profit lobbying group aimed at educating U.S. policymakers on digital asset issues. Jane King has the latest from the NYSE.
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Thanks, Rey.
Here's a look at your Coin Street headlines.
Crypto enthusiast Andy Scaramucci will tokenize $300 million in assets, nearly doubling Avalanche's RWA base.
According to a report from Fortune, SkyBridge Capital will tokenize two funds, one exclusively composed of cryptocurrencies like Bitcoin, and then a fund of funds that includes both.
Venture and crypto assets.
SkyBridge is partnering with Tony, a company specializing in tokenizing institutional holdings.
Well, Bitcoin fell to a near 2 week low yesterday as US selling pressure surged.
Bitcoin and all coins fell with US stocks, with the Nasdaq down more than 1%.
Long BTC positions, subject to an ongoing squeeze, added another 100%.
16 million to their liquidation tally in an hour.
Google has taken a 14% stake in Bitcoin miner Terawolf, becoming the top shareholder.
Terra Wolf disclosed in a shareholder call that it had inked a 10-year co-location lease agreement with FluidStack.
Google is supporting the lease obligations through a financial guarantee known as a backstop and receiving warrants to purchase shares.
Return and a group of crypto industry figures has launched a nonprofit lobbying arm to engage US policymakers and the public on digital asset issues.
A nonprofit organization headed by significant figures in the cryptocurrency and blockchain industry has launched with the goal of educating policymakers and encouraging public advocacy, and that is the latest headlines.