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Author: Admin | 2025-04-28
Bitcoin Bitcoin and crypto prices have surged this week, climbing as traders brace for a major earthquake.Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" in the aftermath of bitcoin's halving earthquake!The bitcoin price has more than doubled over the last year, pushed higher by the world's largest asset manager BlackRock's embrace of bitcoin and crypto—with a surprise BlackRock spot bitcoin exchange-traded fund (ETF) price shock just around the corner.Now, as fears are swirling the U.S. dollar is on "the verge of a total collapse," BlackRock's USD Institutional Digital Liquidity Fund (Buidl) is being used to back a new stablecoin, described as a "key milestone" in the "$16 trillion by 2030" race to tokenize finance.Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull runForbesA ‘Rapid Pace’ $100,000 Bitcoin Price Earthquake Is Suddenly Predicted To Shock CryptoBlackRock chief executive Larry Fink has helped spark a crypto revolution on Wall Street with his ... [+] embrace of bitcoin—pushing the bitcoin price sharply higher.AFP via Getty ImagesCrypto company Ethena, which earlier this year launched a so-called synthetic U.S. dollar stablecoin called USDe that's swelled to a $2.6 billion circulating supply, has announced a new stablecoin called UStb that will invest its reserves in BlackRock's Buidl via real-world asset tokenization platform Securitize."UStb will be fully backed by Blackrock Buidl in partnership with Securitize, enabling a separate fiat stablecoin product alongside USDe," Ethena's official X account posted."As the largest tokenized U.S. Treasuries fund with over $522 million in assets, Buidl provides UStb with a secure foundation," Securitize's account posted."This collaboration represents a key milestone in the evolution of tokenized finance, bringing together leading innovations in stablecoins and real-world asset tokenization."In May, BlackRock led a $47 million strategic investment in its Buidl partner Securitize, widely seen as a long-term bet on crypto, with the fund allowing investors within crypto ecosystems to earn dividends on the Treasury fund while keeping assets on-chain.BlackRock, which manages over $10 trillion globally on behalf of clients, led the campaign last year to bring a fully-fledged spot bitcoin ETF to the U.S., winning approval for its IBIT and a fleet of other spot bitcoin ETFs in January.In July, BlackRock's chief executive Larry Fink said he had been "wrong" about
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