While BlackRock holds a clear lead over the tokenized money market fund, Fidelity Investments is keen on closing the gap. Fidelity’s latest play is a filing to the US Securities and Exchange Commission (SEC) to tokenize its USD money market fund.
Fidelity Files Paperwork With The SEC For Ethereum-Based Fund Tokenization
According to a filing to the SEC, Fidelity is seeking the registration of a tokenized version of its money market fund. Dubbed the Fidelity Treasury Digital Fund, the firm is eyeing the registration of an Onchain share class for the fund.
Per the filing, the transfer agent will be blockchain technology with the fund name-checking the Ethereum network. Despite leaning on Ethereum, Fidelity’s filing suggests a future expansion to other blockchains in the future.
The filing reveals that the tokenized fund will not invest in any cryptocurrencies but 99.5% will go to US Treasury securities and cash. At the moment, 80% of the fund’s assets are in US Treasury securities with interest payable upon maturity.
The latest filing follows an application to introduce staking in Fidelity’s Ethereum ETF. In Q4 of 2024, Fidelity waded into blockchain-based funds via a filing with the SEC to catch up to BlackRock.
How Will A Blockchain-based Fund Operate?
Details from the SEC filing revealed that the Ethereum blockchain will be used for secondary recording, augmenting the book-entry form. However, investors in the Fund will be required to have a top blockchain wallet to hold the OnChain class shares.
While the filing does not expressly mention a secondary trading market for OnChain class shares, Fidelity hints at the potential peer-to-peer trading of shares on the blockchain.
“The fund has no current agreement to make OnChain class shares available for trading in a secondary market but may enter such an agreement in the future,” read the filing.
Ethereum Price Gains In The Wake Of The Report
The report of Fidelity with its nearly $6 trillion assets under management tapping Ethereum for tokenization has created a stir in the ecosystem. Ethereum’s price climbed by nearly 2% to trade at just above the $2,000 mark.
ETH has its eyes on a key resistance level that could push Ethereum’s price to $1,700 in the coming days. A slew of negative reports have hit Ethereum in recent days with Standard Chartered slashing its ETH prediction for 2025 by 60%
Cardano has garnered attention for its slow-but-steady approach, but many wonder if it can keep up with Rollblock’s meteoric growth. Surprises have emerged in the crypto market, and some fresh contenders are shaking up old beliefs. With an established player network and a booming presale, rumours indicate that Rollblock could overshadow even established names.
Why Rollblock Could Surpass Older Projects
Rollblock shines as a premier GambleFi platform on Ethereum, merging DeFi and iGaming in a way few can match. It has already raised $10.8 million during its presale and offers a $0.06 token entry point for early supporters.
Fans see this project as a potentially huge performer, especially given its real-world utility. The network supports more than 7,000 games, including slots, live dealer events, and sports betting markets – all powered by Ethereum-backed smart contracts for maximum fairness.
Tokenomics are structured to reward loyalty. By buying back and burning a percentage of RBLK tokens, Rollblock reduces supply, driving potential price growth. Specifically, 60% of repurchased tokens are permanently destroyed, while 40% go to stakers.
Such measures aim for long-term stability. Meanwhile, robust staking APYs (up to 30%) make holding RBLK highly attractive. Weekly dividends also await those who keep tokens locked since a portion of the casino’s revenue is shared with holders.
This model creates ongoing passive income without sacrificing user confidence. Analysts note that Rollblock’s low market cap and unique approach could outperform bigger coins in the upcoming bull run. By focusing on both entertainment and profit generation, Rollblock sets a new standard for integrated DeFi platforms. This blend intrigues savvy investors.
Can Cardano keep up?
Over the past few months, ADA attracted fresh attention as large holders accumulated over 130 million coins. This trend shows growing whale interest, reflecting optimism about future adoption.
In fact, a prominent crypto analyst (Kwantxbt) recently noted that the token had “strong consolidation around $1.06–1.07 after [a 61% jump]” and believes the lower trading volume signals accumulation.
ADA showing strong consolidation around $1.06-1.07 after that impressive 61% surge. Volume declining indicates accumulation phase. Resistance at $1.19, support at $1.05. Looking bullish with potential for another leg up if it holds above $1.05. Confidence level: 7/10
Beyond social media buzz, ADA whales have steadily built positions, suggesting confidence in upcoming developments. Network data indicates consistent usage, though some question whether it can match Rollblock’s pace.
Nevertheless, many traders expect ADA to hold its place among top blockchain contenders. Looking ahead, if whales remain bullish, ADA may stay in demand, but the fierce competition from emerging projects should not be overlooked.
ADA Also Faces Competition From Other Coins
Meanwhile, Chainlink and Toncoin continue expanding their DeFi ecosystems, challenging ADA for user attention. Each boasts strong developer support and novel features, but neither matches the multifaceted approach that Rollblock brings to the table.
Some analysts argue that ADA must innovate at a faster pace to stay competitive against these rising stars. Yet, many see opportunities for cross-chain collaboration and shared liquidity, lifting all boats. Still, with ADA holders anticipating new governance and dApp releases, the real question is whether any competitor can outpace Rollblock’s rapid momentum.
Observers note that if this crypto expands partnerships, it might stand its ground alongside these platforms, but Rollblock’s unique GambleFi edge continues to intrigue investors. Even though Donald Trump shared that he would include this coin in the national reserve, it might not be enough.
The crypto space often rewards those who spot emerging trends before they become mainstream. Rollblock appears poised to claim that spotlight, backed by strong tokenomics and broad functionality.
Established projects still hold weight, but ambition can transform an underdog into a leader. Whether it’s gaming, DeFi, or community growth, Rollblock seems ready to push boundaries, and investors should be prepared for significant momentum as markets shift in favor of daring newcomers.
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The post Can Cardano (ADA) Compete With Rollblock’s (RBLK) Meteoric 500% Rise? appeared first on Coinpedia Fintech News
Cardano has garnered attention for its slow-but-steady approach, but many wonder if it can keep up with Rollblock’s meteoric growth. Surprises have emerged in the crypto market, and some fresh contenders are shaking up old beliefs. With an established player network and a booming presale, rumours indicate that Rollblock could overshadow even established names. Why …
Ever since Trump’s tariff war was reinstigated, the crypto markets have shaken a bit. The star token Bitcoin price faced massive upward pressure, dragging the levels below $79,000. Besides, the Chainlink price also plunged from the local highs at $17 to $13, while the bulls quickly triggered a strong rebound. This may suggest a rise from a bearish influence, but in the wider perspective, bearish clouds continue to hover over the LINK price rally as the token has yet to enter the demand zone.
Does this suggest Chainlink may validate a fakeout? Will the LINK price drop below $10?
The LINK price gained immense attention ever since it broke out from the prolonged consolidation in 2023. Since then, the price has maintained a healthy ascending trend and marked interim highs above $30. However, the bullish dominance over the rally faded, causing the price to plunge close to $13. Currently, the price has triggered a rebound from the lows, but a couple of factors suggest the price is still under massive bearish pressure.
Data from Santiment suggests the whales have halted accumulating LINK, which raises concerns over the next price action.
The above chart shows that the supply held by the top LINK addresses has halted accumulating the tokens since mid-December. Before this, the whales had been constantly accumulating the tokens and a sudden halt in the accumulation suggests the decrease in the confidence of the whales. Currently, the top 5 wallets are holding nearly 18.15% of the entire supply, worth nearly $2.93 billion. Meanwhile, it may also be considered as the whales stacking the tokens, aiming to prepare for a big move.
Will LINK Price Rise Above $20 or Drop Below $10?
The LINK price has been forming constant lower highs and lows, indicating the rising strength of the bears. Although the bulls have triggered a bullish rebound, the price continues to remain under bearish influence until the token does not clear a pivotal resistance zone. The price rose above $16.5 in the early trading hours but quickly faced a 5% pullback, suggesting a strong presence of the bears.
The price has triggered a strong rebound but is expected to trade within a consolidated zone. The DMI is preparing for a bullish crossover, but the ADX is preparing for a bearish divergence. Besides, the RSI remains elevated, hinting towards the growing strength of the rally. On the other hand, the volume remains restricted below the average levels, hinting towards a drop in the volatility. Therefore, the Chainlink (LINK) price is believed to accumulate within a narrow range for a while and may trigger a bullish rebound once the buying pressure increases.
Although the bullish potential remains lower, the LINK price is not subjected to dropping to $10 as the market sentiments have not turned completely bearish. Therefore, after choppy behaviour, the Chainlink price is believed to trigger a huge breakout to $20.
The post Despite a 15% Upswing, Bearish Clouds Continue to Hover Over the Chainlink (LINK) Price Rally—Here’s Why! appeared first on Coinpedia Fintech News
Ever since Trump’s tariff war was reinstigated, the crypto markets have shaken a bit. The star token Bitcoin price faced massive upward pressure, dragging the levels below $79,000. Besides, the Chainlink price also plunged from the local highs at $17 to $13, while the bulls quickly triggered a strong rebound. This may suggest a rise …
Today, March 5, 2025, Uniswap (UNI) has registered an 8% price gain. However, it appears bearish and is poised for a decline, potentially due to a crypto whale dumping UNI tokens.
Whale Dump $40.60 Million Worth of UNI Tokens
Today, blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter) that a prominent crypto whale, Galaxy Digital, deposited 600K UNI tokens worth $4.37 million onto Binance, the world’s largest cryptocurrency exchange.
Galaxy Digital deposited another 600K $UNI($4.37M) to #Binance and #OKX 30 minutes ago.
However, the main concern driving fears of a price drop is that Galaxy has already deposited a significant 5.29 million UNI tokens worth $40.60 million on Binance and OKX over the past week.
Current Price Momentum
With all this, the asset is trading near $7.37, gaining 8% in the past 24 hours. However, during the same period, its trading volume dropped by 35%, indicating lower participation from traders and investors compared to the previous day. This decline was potentially caused by the sell-off and ongoing price fluctuations.
Uniswap (UNI) Price Action and Upcoming Levels
According to expert technical analysis, UNI appears bearish as it is already trading below the crucial support level of $8. With recent price fluctuations, it has retested this level and seems to be consolidating. Based on recent price action and historical patterns, if UNI fails to climb above the $8 level, it could drop by 25% to reach $5.50 in the coming days.
Source: Trading View
As of now, the asset is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a bearish trend. This technical indicator helps traders and investors determine whether the asset is in an uptrend or downtrend, allowing them to build their positions accordingly, either on the long or short side.
This ongoing dump by Galaxy Digital has the potential to increase selling pressure, further reinforcing the bearish outlook.
The post Time To Sell Uniswap? Whale Dumps $40 Million Worth UNI appeared first on Coinpedia Fintech News
Today, March 5, 2025, Uniswap (UNI) has registered an 8% price gain. However, it appears bearish and is poised for a decline, potentially due to a crypto whale dumping UNI tokens. Whale Dump $40.60 Million Worth of UNI Tokens Today, blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter) that a prominent crypto whale, Galaxy …
