According to @moonshot, blockchain and tokenization represent a crucial upgrade for asset managers, offering a 'modern financial operating system' to streamline back-office operations and create innovative investment products. The analysis highlights major players like Apollo, whose tokenized private credit fund has surpassed $100 million on-chain, and BlackRock, whose tokenized institutional money market fund has grown to over $2.5 billion in assets under management. The report also details a defensive trend in Asia, where major banks in Korea, Japan, and Hong Kong are exploring local-currency stablecoins to combat deposit flight caused by the popularity of USDT and USDC for cross-border transactions, a trend confirmed by Fireblocks' Head of Asia, Amy Zhang. In corporate treasury news, Bakkt Holdings (BKKT) has filed with the SEC to raise $1 billion for Bitcoin (BTC) purchases, signaling a strategic pivot to crypto despite recent business setbacks. From a market perspective, Bitcoin (BTC) was holding above $107,000 while Ethereum (ETH) tested resistance near $2,500.

According to CCData_io, significant developments in the cryptocurrency market include Nasdaq's plan to launch options trading for BlackRock's Spot Bitcoin ETF, potentially increasing trading activity and liquidity. Additionally, Trump Media is considering acquiring the crypto trading platform Bakkt, which could lead to increased integration of crypto in media ventures. Furthermore, MicroStrategy is planning to raise $1.75 billion, which may be used to further invest in Bitcoin, indicating continued institutional interest in the cryptocurrency.

According to CCData_io, Nasdaq is preparing to introduce options trading for BlackRock's Spot Bitcoin ETF, potentially increasing trading activity and liquidity in the Bitcoin market. Trump Media is considering acquiring the crypto trading platform Bakkt, which could lead to significant developments in the platform's operations and user base. Additionally, MicroStrategy plans to raise $1.75 billion, likely for further investment in Bitcoin, which could influence Bitcoin's market dynamics.