With Bitcoin trading below the critical resistance level at $58.4k, bears are looking to strengthen their grip even as the German government has already sold more than 50% of its originally held 50,000 BTC as per the data from Arkham Intelligence. ETH is just able to sustain above $3,000 even as the ETF trading of the world’s second-largest crypto is expected to begin shortly.
In a significant development, asset manager BlackRock’s BUIDL token, backed by US Treasuries, surpassed half a billion dollars in AUM—showing the need for real-world asset tokenization on blockchain. It took only four months for this product to achieve the feat.
The biggest gainer of the day remained NOT, as Telegram’s tap-to-earn gaming token pumped more than 50% in the last couple of days, becoming the highest gainer in the top 100 category.
