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%
Back in the wild crypto bull market of 2017,conversations were filled with dreams of Bitcoin’s vast potential. Many speculated about how, one day, institutional investors would flood in and nations might even adopt Bitcoin, turning it into a truly mainstream asset.
Back then, these ideas felt distant, perhaps even unrealistic. Fast forward to today, and many of those early dreams have started to unfold. We’ve seen countries like El Salvador embrace Bitcoin, and in the US, fresh legislative moves are actively shaping the crypto landscape. What once felt like a far-off vision during the 2017 bull market is now part of our present reality. In parallel, leading multi-asset brokers like PrimeXBT, which offer Crypto Futures and Crypto CFDs, have evolved to give traders the tools to participate in this new era of digital assets.
So the question now is: as Bitcoin matures, will it continue climbing endlessly, or are we approaching a phase where it begins to stabilise and trade more like a traditional market asset?
Global Shifts in Bitcoin Adoption
In the years since those early speculations, the evolution has been remarkable. El Salvador took the lead by adopting Bitcoin as legal tender, and other nations have shown varying degrees of interest. The United States has even begun discussions about establishing a Strategic Bitcoin Reserve, while countries like Bhutan and Iran have integrated Bitcoin into their economic strategies in unique ways.
At the same time, the regulatory landscape has been maturing. The European Union’s MiCA regulation now offers a clear framework for crypto assets, while in the US, the approval of spot Bitcoin ETFs in early 2024 has made it easier than ever for mainstream investors to gain exposure.
Despite challenges in user experience and the fact that Bitcoin isn’t yet a daily payment method for the average person, institutional and state-level involvement is steadily growing. This suggests that ‘mainstream adoption’ might ultimately mean Bitcoin becomes a widely recognised, regulated asset rather than just a speculative instrument.
Bitcoin as a Global Standard
When thinking about Bitcoin’s future, analysts often compare it to gold. Many of them see Bitcoin as a digital equivalent, a modern, decentralised asset that could serve as a store of value just as gold has for centuries.
But it’s not just about market caps and price comparisons, it’s about what each asset represents. Gold has long been valued for its beauty, industrial uses, and ability to store value across centuries. Bitcoin, on the other hand, is entirely digital and decentralised, which gives it unique advantages in our interconnected world.
In a time when geopolitical risks and monetary policy changes can spark uncertainty, Bitcoin and gold both share the advantage of not being issued by any single government. What sets Bitcoin apart, however, is its ability to serve as a digital settlement layer that can be transferred globally in minutes without intermediaries. Unlike a US dollar-pegged stablecoin, which still requires trust in a central authority, Bitcoin operates on a borderless, peer-to-peer network.
For advocates of Bitcoin, this is the real case, not replacing gold’s physical utility, but creating a new type of global reserve asset that underpins cross-border transactions in a decentralised, trustless way.
The Rise of Institutional and Governmental Adoption
Institutional and government interest is no longer theoretical, it’s happening right now. El Salvador has set the example, and other countries are exploring similar paths. Major institutions, from hedge funds to publicly traded companies, are adding Bitcoin to their balance sheets, signalling a genuine shift toward mainstream financial acceptance.
Every time a government introduces a Bitcoin-friendly regulation or an institution adds it to their holdings, the foundation for a larger and more stable Bitcoin ecosystem strengthens. This convergence of technical potential, regulatory clarity, and institutional confidence could be what eventually drives Bitcoin to market caps we once thought were out of reach.
Charting the Path to Gold’s Market Cap
The chart used here overlays Bitcoin’s price history with a logarithmic regression model, highlighting key halving events and a hypothetical price target if Bitcoin were to reach a market cap similar to gold’s.
Since 2012, Bitcoin has followed a gradually tightening growth curve, with each halving marking the start of a new expansion phase. The upper projection band in this model points toward potential price ranges well above $300,000 in a mature adoption phase.
This visual supports the broader narrative being outlined, Bitcoin’s progression from a niche speculative asset to a regulated, institutionally integrated store of value. If current adoption trends continue, Bitcoin could eventually move into a more stable but still upward-trending phase, standing alongside gold as a global standard for value preservation.
Trading Bitcoin with PrimeXBT
For traders looking to participate in Bitcoin’s evolving market, PrimeXBT offers a crypto trading environment built for precision, flexibility, and control. With leverage of up to 1:500 on Bitcoin and up to 1:400 on Ethereum, and competitive conditions across a wide range of altcoins, the broker caters to diverse strategies. Available on both PXTrader and MT5, these features are backed by advanced risk management tools, institutional-grade execution, and a client-first approach. As part of its empowering traders philosophy, PrimeXBT combines deep liquidity, fair trading conditions, and a transparent fee structure, giving traders the tools they need to navigate and act on the next chapter of Bitcoin’s story.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
The post PrimeXBT Insights: Is Bitcoin About to Overtake Gold? The Numbers May Surprise You appeared first on Coinpedia Fintech News
By Jonatan Randin, Market Analyst at PrimeXBT Back in the wild crypto bull market of 2017,conversations were filled with dreams of Bitcoin’s vast potential. Many speculated about how, one day, institutional investors would flood in and nations might even adopt Bitcoin, turning it into a truly mainstream asset. Back then, these ideas felt distant, perhaps …
Gold tokenization is reshaping the blockchain landscape, with Kaanch Network leading the charge as a Layer 1 platform designed for real-world asset tokenization. Focused on assets like gold, a multi-trillion-dollar market, Kaanch is capturing investor attention with its presale momentum and technological edge. Positioned to outpace established blockchains, Kaanch offers a compelling opportunity for those seeking high-growth investments in the evolving crypto market.
Solana, trading at $145.84 with a 0.66% daily dip from its early 2025 peak of $260, is poised for a potential recovery to $200, driven by its robust DeFi ecosystem and 65,000 TPS capacity. However, Solana’s history of network outages and centralization concerns has sparked interest in alternatives.
Kaanch Network, with superior scalability and reliability, is emerging as a stronger contender, offering investors a chance to capitalize on a platform designed for the future of decentralized finance.
Kaanch’s 19800% Surge to $63: A Must-Buy Before It Skyrockets
Kaanch Network, currently in Stage 6 of its presale at $0.32 per token, is projected to surge 19800% to $63 following its Bitmart listing at $30. With over $2,193,177 raised and a limited supply of 58 million tokens, the presale is moving quickly, with the next stage price doubling to $0.64. Investors can purchase tokens using ETH or USDT, earning up to 30% APY through live staking.
Kaanch’s focus on gold tokenization, a multi-trillion-dollar market, positions it as a top Layer 1 blockchain, surpassing Solana’s recovery potential. Investors eager to seize this opportunity should head to the Kaanch presale website and buy into the fast-moving presale before prices climb.
Outpacing Solana: Kaanch’s Unrivaled Speed and Scalability
Kaanch Network offers a mind-blowing 1.4 million TPS and 0.8-second finality, which is far beyond what Solana can offer. Kaanch is supported by 3,600 decentralized nodes, which makes it safe and fast to execute transactions, making it suitable to support high-frequency trading and enterprise-level applications.
It has almost zero gas fees, which makes it affordable to dApps, microtransactions, and payments, providing a developer-friendly platform that will lead to mass adoption. Kaanch infrastructure is audited by SpyWolf and VerifyLab, making it the most reliable blockchain to use by businesses and developers.
Gold Tokenization: Kaanch’s Trillion-Dollar Edge Over Solana
The fact that Kaanch is focused on real-world assets tokenization, starting with gold, opens a multi-trillion-dollar market, providing businesses and individuals with safe and fast transactions. In contrast to Solana, where the main focus is on DeFi applications, Kaanch interoperability with other blockchains, such as Ethereum and BNB Chain, enables regulated DeFi and digital identity applications.
The project has a community-based governance and an easy-to-use staking dashboard, which puts the power in the hands of token holders, contributing to long-term development. As an investor, Kaanch is a must-have in your portfolio before it lists on BitMart and increases its presence in the market.
BitMart Listing at $30: Don’t Miss Kaanch’s Meteoric Rise
The upcoming BitMart listing of Kaanch’s KNCH token at $30 is set to propel its value and visibility, making it a critical moment for investors. With a projected 19800% surge to $63, Kaanch outshines Solana’s recovery trajectory, offering unmatched growth potential.
Its technical superiority, audited contracts, and focus on gold tokenization position it as a top Layer 1 blockchain. Investors looking to capitalize on this opportunity should head to the Kaanch presale website and buy into the fast-moving presale to secure tokens at $0.32 before the listing drives prices higher.
For more information about Kaanch Network ) visit the links below:
The post Kaanch’s Gold Tokenization to Explode 19800% to $63: The Top Layer 1 Over Solana’s $200 Recovery appeared first on Coinpedia Fintech News
Gold tokenization is reshaping the blockchain landscape, with Kaanch Network leading the charge as a Layer 1 platform designed for real-world asset tokenization. Focused on assets like gold, a multi-trillion-dollar market, Kaanch is capturing investor attention with its presale momentum and technological edge. Positioned to outpace established blockchains, Kaanch offers a compelling opportunity for those …
A lot happened this week in crypto, marking developments expected to continue shaping the industry. Important headlines came from administrative decisions, ecosystem developments, and analysts probing the market outlook.
In case you missed it, the following is a roundup of some of the most important developments in the crypto market this week.
XRP Lawsuit’s Jay Clayton Became New SDNY Attorney
“Trump’s former SEC Chair Jay Clayton has taken his position as interim US attorney for the Southern District of New York. He will serve for up to four months until confirmed by the Senate or appointed by Manhattan federal judges,” former Fox Business reporter Eleanor Terrett reported.
The move came as Democratic leaders in the Senate reportedly hinted at blocking Clayton’s nomination. Trump’s move to install him as interim could see Clayton avoid the Senate confirmation process.
Clayton is the legal expert who initially filed the longstanding legal action between the SEC and Ripple. As it happened, Clayton filed the lawsuit on December 22, 2020, and resigned the next day in what will be remembered as a “parting shot” for the agency.
Pi Network Pioneer Frustration Over Ambiguous Roadmap
Another crypto incident this week concerned Pi Network pioneers. As BeInCrypto reported, the controversial project released its Mainnet Migration Roadmap. However, it failed to impress pioneers as it lacked key details.
Specifically, several gaps sparked concerns, including failing to disclose how many Pioneers remain in the queue. Similarly, it was unable to show the network’s daily migration capacity. The absence of these figures makes it impossible for users to predict when their migration will occur.
Further, opaque criteria for node rewards and the UI’s “Transferable Balance” underestimating actual migrated amounts raised flags. Pi Network also offers no audit or error‑resolution process for users who spot mismatches in their historical mining data, exacerbating the fears.
“I thought we were mining all of these PI coins this whole time? I thought the security circles were the Consensus Mechanism. It kinda seems to me like there isn’t a blockchain, and never was one. What kind of “Blockchain protocol” would “Require” all tokens to be minted at genesis?” one community member wrote.
Pi Network (PI) price performance. Source: CoinGecko
Data on Coingecko shows PI coin was trading for $0.6539 as of this writing, up by a modest 1.1% in the last 24 hours.
Bitcoin Cycle Unfolds Noticeably Different From Previous Ones
More interestingly, BeInCrypto reported a concerning shift: this cycle is unfolding remarkably differently than the past ones post-halving.
In previous cycles, BTC price tended to rally aggressively months after the Bitcoin halving. The post-halving period saw strong upward momentum and parabolic price action.
This trend was largely driven by retail enthusiasm and speculative demand, which proved most pronounced from 2012 to 2016 and 2016 to 2020.
Things are happening differently in the current cycle. Instead of accelerating after the halving, the price surge began in October and December 2024, driven by Bitcoin ETF (exchange-traded funds) hype. This was followed by consolidation in January 2025 and a correction in late February.
PancakeSwap Announces CAKE Tokenomics Date
This week in crypto, PancakeSwap announced the official date for its CAKE tokenomics, April 23. As BeInCrypto reported, key changes included the removal of veCAKE, staking, and revenue sharing, with 5.3 million CAKE to be burned annually to curb supply.
However, there was also controversy as Cakepie DAO pushed back against veCAKE removal. Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.
“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.
Meanwhile, others voiced strong concerns on X (Twitter), criticizing the decision to eliminate veCAKE. Among them was Cakepie DAO, one of the largest veCAKE holders, who called it non-transparent and potentially damaging to projects built around that model.
Against this backdrop, PancakeSwap resorted to a $1.5 million CAKE compensation plan.
“PancakeSwap is willing to provide 1.5M USD in CAKE to CakePie DAO primarily used to compensate CKP Holders if CakePie DAO enables mCAKE holders to redeem 1:1 back to CAKE and opens the redemption page in a timely manner if the proposal passes. Detailed plans will be announced once the mirror proposal on CakePie is completed,” the Head Chef of PancakeSwap wrote.
Data on CoinGecko shows Pancake’s CAKE was trading for $2.12 as of this writing, up by nearly 10% in the last 24 hours.
Zora Airdrop and Token Launch Announcement
Adding to the list of the many events that happened this week in crypto, Zora Network announced that it would airdrop 1 billion ZORA tokens (10% of the total supply) on April 23. The tokens would reward early platform users across two snapshot periods.
As it happened, the crypto airdrop happened in style, sparking confusion as it lacked an official checker or claim site. Users were required to go to the contract address and check their allocations.
Speaking to BeInCrypto, Jesse Pollak, the creator of the Base blockchain, said that one must not understand anything about crypto or the underlying infrastructure before posting on Zora. He also defended the value of content coins, emphasizing their potential for creators despite volatility.
