Der Finanzstabilitätsrat will seine endgültigen Empfehlungen für eine globale Krypto-Regulierung und -Aufsicht im Juli herausbringen.
Swam Markets GmbH launches world-first securities-backed tokens
- These are the first DeFi-compatible securities.
- The stocks and bonds token will be issued by SwarmX GmbH, a wholly-owned subsidiary of Swam Markets GmbH under a prospectus registered with the Financial Market Authority in Liechtenstein.
- Currently available tokens are built on Polygon.
Regulated blockchain platform Swam Markets GmbH has announced the launch of the world-first decentralized finance (DeFi) compatible securities. The first DeFi-compatible securities that the platform has launched are public investment offerings for Apple, Tesla, and two US Treasury Bond ETFs.
The asset-backed tokens are available on the Polygon blockchain for institutional and retail investors and trading will be available starting on Thursday.
The tokens, which are ISIN-based, benefit from the trust and stability of traditional markets and the flexibility and greater access to global liquidity, at a lower cost, on the blockchain.
Swarm has ensured that Swarm’s permission DeFi platform is compliant with German regulations.
Accessing real-world assets using blockchain technology
Swarm’s asset-based tokens are the first of their kind for investors interested in accessing real-world assets using blockchain technology while meeting full regulatory requirements. It is also interesting since the launch comes at a time when the US Securities and Exchange Commission (SEC) is deemed to be cracking down on crypto in the United States.
Institutional investors and Hedge funds can access the Apple and Tesla stock, iShares US Treasury bond 0-1 year ETF and iShares US Treasury bond 1-3 year ETF DeFi compatible tokens 24/7 through Swarm. Swarm has pointed out that it will add more asset-backed tokens in future.
In a statement, Swarm said:
“We have started with stocks and bonds, and will soon extend this to any asset that needs to be traded on a regulated platform, from carbon credits to real estate or private holdings. To date, traditional market participants have not had a comprehensive and regulatory compliant solution for issuing and trading real-world assets on-chain.”
Most importantly, Swarm does not take custody of the asset-backed tokens; the tokens are controlled by battle-tested code. Owners of the tokens can choose to either keep the tokens in their Web3 wallets or add them to liquidity pools to earn yield.
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Bitgert (BRISE) forms a symmetrical triangle as popularity wanes
Bitgert price has remained under intense pressure as the platform’s popularity wanes. BRISE, its native token, has plunged to a low of $0.00000047, the lowest point since February 17. It has plunged by more than 27% from its highest point in February even as Bitcoin is hovering near the key resistance point this year.
Popularity wanes
All indications are that Bitgert is losing its popularity around the world. One way of knowing this is to check the volume of Google searchs of the coin. This is important because Google is the most popular search engine in the world. In most periods, a popular cryptocurrency or any other asset will tend to have more searches.
Google Trends data shows that the volume of the term Bitgert has crash to the lowest point since December. The same is true for other related keywords like Bitgert price and Bitgert crypto.
Another way to look at this is to consider the activity in the network’s DeFi ecosystem. Data published by DeFi Llama shows that the total value locked (TVL) in Bitgert’s ecosystem has dropped to 4.17 trillion BRISE, which is its lowest level on record. In dollar terms, the TVL stands at about $1.96 million, down from its all-time high of over $10 million.
The most recent Bitgert news is that the developers are about to launch the iOS version of its exchange. In a Tweet, they said that the app was accepted by Apple and that they had activated the testflight. Its mainnet will go live during the weekend.
The other important Bitgert news is that the developers launched a product that makes it possible for people to launch their meme coins within a few minutes. The meme coins can then initially be traded in Bitgert’s exchange.
Bitgert price forecast
The four-hour chart shows that the BRISE price has been in a consolidation phase in the past few days. It has formed a symmetrical triangle pattern that is shown in green. It has also dropped below the 25-day moving average and is slightly above the 50% Fibonacci Retracement level.
Therefore, the outlook for Bitgert price is neutral at this stage. A bearish view will be confirmed if it manages to move below the lower side of the triangle pattern. If this happens, the coin will plunge to a low of $0.00000042. On the other hand, a move above the upper side of the triangle at $0.00000051 will signal that bulls have prevailed.
How to buy Bitgert
As BRISE is such a new asset, it’s yet to be listed on major exchanges. You can still purchase BRISE using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy BRISE right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›
We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and ‚connect‘ your wallet to it.
4. You can now swap your BNB for BRISE
Now that you’re connected, you’ll be able to swap for 100s of coins including BRISE.
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Bitcoin saw 78% of outflows as $32 million exited crypto asset investments
- Bitcoin products saw $25 million in outflows last week, according to asset manager CoinShares.
- There was $3.7 million in short Bitcoin as investor sentiment flipped negative on recent regulatory concerns.
- But crypto prices still recorded huge moves, with BTC hitting a six-month high above $25,000.
Bitcoin price hit its highest price level in six months last week, with the flagship cryptocurrency testing bears’ resolve above the $25,300 zone.
However, digital asset management firm CoinShares says despite reaching a new year-to-date high, the flagship cryptocurrency still bore the brunt of the negative sentiment that pierced the market as US regulators upped their crackdown on multiple industry sectors.
Digital assets see $32 million in outflows
As CoinShares Head of Research James Butterfill points out in a weekly funds flow report released on Monday, Bitcoin recorded the largest share of outflows seen in the digital assets investment products last week.
Per the researcher, total crypto funds outflows totaled $32 million this past week, the largest single week outflows since December last year. But almost $25 million of the outflows were in Bitcoin products, with negative sentiment seeing short Bitcoin investment products account for $3.7 million in inflows.
Infact, as US Securities and Exchange Commission (SEC) increased its crackdown on stablecoins and staking services among other sectors of the crypto industry, crypto outflows hit $62 million. The market did record significant outflows as Bitcoin led the market in holding prices above key levels.
According to Butterfill, the mid-week flip in sentiment (with Bitcoin price soaring more than 10%) helped digital assets products register $30 million in inflows. This in turn helped push the total assets under management in exchange-traded products (ETPs) to its highest level since last August. Butterfill noted:
“The negative sentiment amongst ETP investors was not expressed in the broader market with Bitcoin prices rising by 10% over the week, this price appreciation pushed total assets under management (AuM) to US$30bn, their highest level since August 2022. We believe this is due to ETP investors being less optimistic on recent regulatory pressures in the US relative to the broader market.”
Crypto assets saw mixed flows
While Bitcoin recorded over 78% of the outflows, Ethereum products saw $7.2 million in outflows last week. Other top altcoins with large withdrawals included Cosmos ($1.6 million), Polygon ($0.8 million), and Avalanche ($0.5 million).
Yet, investment products for Aave, Binance, Fantom, XRP, and Decentraland saw inflows of between $0.36 million and $0.26 million, CoinShares highlighted in its report.
Elsewhere, while crypto assets experienced a second consecutive week of outflows, blockchain equities had a more positive outlook from investors, with $9.6 million in inflows last week. Blockchain equities have now had six consecutive weeks of inflows.
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„Regulierungsbehörden lassen die Bösen groß werden“: Ehemaliger Kraken-CEO kritisiert SEC nach Einigung
Laut Jesse Powell, würden US-Regulierungsbehörden schlechten Akteuren erlauben, groß zu werden, und damit die „Guten“ beseitigen.