BlackRock, the leading asset manager, has filed with the SEC to launch a blockchain-based digital share class, called DLT Shares, for its $150 billion Treasury Trust Fund.
Bloomberg ETF analyst Henry Jim revealed that DLT Shares will be exclusively sold through BNY Mellon, which plans to use blockchain technology to track ownership. The offering targets institutional investors, with a minimum investment of $3 million.
Wow! BlackRock filed for Digital share class (DLT Shares) of their $150 billion money market fund (not an ETF)
The Treasury Trust Fund aims to keep a significant portion of its assets in highly liquid investments, such as cash and short-term government securities, to maintain a stable $1 per share value. This system may be a test or early step toward using blockchain for digital currencies or cash transactions in the future.
The fund avoids illiquid securities and will not invest in hard-to-sell assets if that would make up more than 5% of its total value. This helps keep the fund easy to cash out for investors. As of April 29, 2025, BlackRock’s Treasury Trust Fund, part of the BlackRock Liquidity Funds, held around $150.1 billion in assets.
Larry Fink Says Tokenization Could Reshape Finance
BlackRock’s recent move matches CEO Larry Fink’s recent remarks on how tokenization could change investing. In a recent letter to investors, Fink explained that tokenization could speed up transactions, remove delays, and quickly reinvest money back into the economy to help it grow.
Fink also said that the main challenge with tokenized assets is the lack of proper identity checks. Once that is fixed, he thinks that the tokenised funds could become as familiar as ETFs. Other big companies like JP Morgan, State Street, and Franklin Templeton are also exploring blockchain for tokenized funds.
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to keep up the momentum. What’s next for these altcoins?
Will ONDO Price Mark a New ATH?
Ondo Finance is one of the leading tokenizations of Real World Assets (RWA), which is leading the cryptos with over 20% gains. The major reason behind the surge is the token achieving a major milestone, which sheds light on the rising investor confidence. In a recent update, ONDO’s total value locked (TVL) has reached an all-time high of over $1 billion, making an extraordinary rise from the lows of around $185 million. This showcases the rapid growth within the RWA space, as the ONDO price is also flashing massive bullish signals.
As seen in the above chart, the ONDO price is trading within a descending parallel channel and is trying hard to reach the resistance. Meanwhile, the technicals have turned bullish as the DMI is about to undergo a bullish crossover. Besides, the RSI is maintaining a strong ascending trajectory. Meanwhile, the bearish divergence in the ADX raises some concerns, suggesting a drop in the pace of the rally. Therefore, the ONDO price is believed to test the resistance but may fail to surpass it as the volume remains within a restricted range. However, if the volume increases, then the ONDO price may trigger a breakout and may probably form a new ATH above $2.
Movement (MOVE) Price Aims for a 35% Upswing
After a bullish start, the MOVE price began to trade within a descending parallel channel following a rejection from the highs. While the price is trying hard to validate a strong ascending trend that could push the price above $0.5 and eventually break the resistance and, in turn, break the bearish pattern. Besides, the decreased volume raises some concerns, but with the growing bullish market sentiments, the MOVE price is also expected to demonstrate massive price actions.
As mentioned above, the MOVE is also stuck within a descending parallel channel. The Bollinger Bands have begun to squeeze, hinting towards a drop in volatility. This suggests the price is undergoing a strong consolidation phase and is preparing for a breakout. Meanwhile, the CMF has risen above 0, hinting towards the growing strength of the bulls against the bears. Therefore, the buying pressure is slowly mounting, which may push the price towards the resistance of the channel and eventually trigger a breakout above $0.6.
Therefore, the prices of ONDO & Movement remain stuck within a similar pattern and are undergoing a strong consolidation phase. Hence, a breakout appears to be imminent after the accumulation reaches it’s edge.
The post Altcoins on the Move: ONDO & Movement Prices Surge By More than 20% appeared first on Coinpedia Fintech News
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to …
Pi Coin (PI) is currently trading at $0.65, up slightly by more than 1% at the time of writing. While the broader crypto market is showing signs of strength, Pi Coin has remained relatively flat, trading within a narrow range of $0.60 to $0.68 in recent weeks.
Despite the limited price movement, there’s excitement in the Pi Network community with the launch of a new game app, Fruity $PI, now live on the Pi Network Mainnet Ecosystem. The app adds to the growing number of decentralized applications being built on the Pi platform, aimed at improving user engagement and ecosystem activity.
However, some investor frustration is mounting over the coin’s stagnant performance. This sentiment took a humorous turn when a user on social media claimed to have listed 3 PI coins on the OKX exchange for a total of $314,159, stating they were new to using exchanges.
The post quickly went viral, with crypto analyst Dr. Altcoin commenting, “This guy is selling 3 Pi on OKX each for a GCV value of $314,159! Some people have no clue how crypto works.”
This guy is selling 3 Pi on OKX each for a GCV value of $314159! Some people have no clue how crypto works. Dimas @2000Rocker do you care to clarify? https://t.co/uwE9SlhRHB
Another user, @2000Rocker, was tagged in the conversation for clarification, while others chimed in, with one commenter joking, “He’ll have to wait 40 to 50 years to take profit.”
While the post stirred laughs across the community, it also highlighted confusion among some newer users about the coin’s real value versus speculative pricing.
For now, Pi Coin continues to hold steady, with the ecosystem gradually expanding. Whether new apps like Fruity PI$PI can drive more meaningful price action remains to be seen.
The post Pi Network News: Here’s How a New User on OKX is Selling 3 Pi Coins for $314,159 Each appeared first on Coinpedia Fintech News
Pi Coin (PI) is currently trading at $0.65, up slightly by more than 1% at the time of writing. While the broader crypto market is showing signs of strength, Pi Coin has remained relatively flat, trading within a narrow range of $0.60 to $0.68 in recent weeks. Despite the limited price movement, there’s excitement in …
Ripple (XRP) price consolidates below $2.5 on Saturday, May 11, with gains capped at 5%. The Fear and Greed indicator hinting at volatile days ahead as US and China begin trade talks to mitigate ongoing reciprocal tariffs.
Ripple (XRP) Stalls Below $2.50 as Traders Book Profits on SEC Settlement
Ripple (XRP) failed to keep pace with rival Layer-1 tokens after its headline $50 million settlement with the U.S. SEC.
Traders used the news-driven rally to realize gains, triggering a stall below the $2.50 resistance.
XRP price gains on Saturday were capped at 5%, trailing behind Ethereum and Cardano with 10.5% and 7% upticks respectively, according to the latest data from CoinGecko.
Ripple (XRP) Price Action | Source: Coingecko
Despite the underperformance, XRP trading volume remains elevated. Weekly average volumes are trending 38% above the 30-day mean.
Momentum indicators on the 7-day and 14-day charts still show double-digit price growth.
This signals strong underlying demand and investor confidence, setting up a consolidation base for potential breakout.
The $2.50 mark remains a psychologically significant resistance level.
XRP has tested this threshold three times in the past month, each time retreating on increased sell pressure.
Rather than slide below the $2 mark, positive sentiment from the SEC settlement and Trump’s softening stance on trade deals may trigger another Ripple price leg-up in the coming sessions.
US-China Trade Talks in Switzerland Could Lift XRP Sentiment
Simultaneously, diplomatic overtures between the U.S. and China are drawing investor attention. Trade envoys met in Geneva Saturday for tariff negotiations.
US Treasury Secretary Scott Bessent leads the American delegation, with Vice Premier He Lifeng heading the Chinese side.
The talks follow months of economic escalation. A 145% U.S. tariff wall on Chinese imports and Beijing’s 125% countermeasures have suppressed bilateral trade volumes. Goldman Sachs projects these tariffs will double U.S. inflation to 4% by year-end. Even halving the current rates may not restore normal trade flows.
Market participants are closely monitoring statements from Washington.
“80% Tariff on China seems right! Up to Scott B,” Donald Trump posted on Truth Social, signaling both pressure and flexibility from tariffs of up-to 150% currently levied on certain imports from China.
Trump’s softening stance on trade policy and aggressive calls for Fed rate cuts continue to impact capital flows, investor risk appetite and global market sentiment positively.
XRP Fear and Greed Index Enters Extreme Greed Zone
Ripple’s market sentiment is signalling overheating. The XRP-specific Fear and Greed Index shows a current reading of 78, firmly in “Greed” territory. This marks a sharp uptick from the monthly timeframe low values of 49 just seven days ago.
Key indicators like price impulse, social sentiment, and volume are all flashing “Extreme Greed.” Only whale concentration and network dominance lag behind, indicating some institutional caution.
Ripple (XRP) Fear and Greed Index, May 10, 2025 | Source: CFGI.io
This sentiment trend, coupled with geopolitical optimism and strong technical support at $2.25, could set the stage for XRP to challenge the $2.50 resistance once again.
Should Ripple price continue to consolidate above that threshold, the path to $3 becomes more realistic, especially if trade negotiations progress or capital rotation from Bitcoin accelerates.
XRP Price Forecast Today: Bulls to Target $2.75 if XRP Clears Mid-Keltner Channel
XRP price is holding firm above $2.44 on May 11, showing resilience after briefly touching an intraday high of $2.48.
Despite a mild 1.2% pullback on the daily close, the structure remains decisively bullish.
XRP trades above the midline of the Keltner Channel at $2.24, which now acts as dynamic support, while the upper band at $2.45 remains within reach, hinting at latent upside pressure.
Notably, the BBTrend oscillator has surged to 6.08, confirming a shift in directional strength that supports continuation rather than exhaustion.
Ripple (XRP) Price Forecast | Source: TradingView
Volume remains elevated at 8 million XRP, aligning with increasing buying momentum over the last three sessions, suggesting that institutional flows and larger holders are accumulating.
With XRP maintaining a strong posture above the 20-day mean, bulls are likely to test the psychological $2.50 barrier again, aiming next for $2.75. The breakout candle from May 9 remains intact, indicating follow-through is still in play.
Bitcoin forecast today also leans bullish, trading at $63.4K with RSI near 57 and holding above its 50-day EMA.
XRP typically follows Bitcoin’s macro sentiment, and with BTC showing no signs of reversal, XRP’s breakout remains technically supported. In the short-term, bearish risks may re-emerge if XRP price breaks below $2.24, invalidating the current channel breakout.
