Keep up with what's happening in the crypto world in real-time.
Cryptonews Podcast host Matt Zahab recently sat down for a chat with Graeme Moore, the Head of Tokenization at the Polymesh Association, a not-for-profit dedicated to the growth of the Polymesh blockchain ecosystem.
Two altcoins – Galxe (GAL) and PolyMesh (POLYX) – have defied the broader market consolidation today registering 8% gains each and daily trading volumes skyrocketing by 500%. Thanks to the recent listing of Galxe by South Korea's largest cryptocurrency exchange Upbit.
The Real-World Asset (RWA) sector translates tangible assets into digital formats, allowing for blockchain-based investment, trade, or use as collateral. The RWA sector is experiencing a significant boost, particularly with BlackRock's introduction of the USD Institutional Digital Liquidity Fund (BUIDL).
The cryptocurrency market experienced its first week of decline in some time, with the significant investments previously seen in Bitcoin exchange-traded funds (ETFs) reversing into withdrawals this week. The market trends have plunged the BTC price toward $60K, while altcoins continued to shine.
Polymesh's native cryptocurrency POLYX recently rallied a staggering 150% in the last three days amid BlackRock's entry into the RWA tokenization scene. The POLYX price has surged all the way to $0.50 with its market cap crossing $400 million.
BlackRocks entry into the tokenized assets market with its first Ethereum blockchain-based fund ignites a rally in Real-World Asset (RWA) tokens, showcasing growing investor interest in bridging traditional finance with digital assets. With BlackRocks launch of its first tokenized fund on the Ethereum blockchain, the cryptocurrency market has seen a significant increase in Real-World Asset (RWA) tokens.