Bitcoin News Thebittimes.Com

Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase’s portfolio. The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto. Coinbase is thus the world’s largest known Bitcoin entity, Arkham analysts said on X. Blockchain intelligence firm Arkham has reported that Coinbase holds Bitcoin (BTC) worth about $25 billion, making the cryptocurrency exchange the world’s largest entity holding the flagship digital asset. Arkham says Coinbase holds nearly 1 million BTC Arkham’s announcement on Friday was that it had identified nearly 1 million BTC on-chain for Coinbase reserves, with this making the US-based crypto behemoth “the largest Bitcoin entity in the world on Arkham.” The holdings account for about 5% of all bitcoin in existence and means the exchange’s BTC is nearly as much as that attributed to Bitcoin creator Satoshi Nakamoto....

TLDR In the RWA sector, the first explosion is from fixed-income products, driven by the treasury management demands of DAOs and Web3 companies. The top TVL rankings in the RWA sector are dominated by tokenized U.S. Treasury Bill projects. By incorporating RWA, DAOs can retain high liquidity for their assets while generating stable income with low correlation to on-chain activities, thus achieving better quality returns and risk diversification. The governance and operations of DAOs are not necessarily more efficient than traditional corporate structures. MakerDAO incurs high costs to purchase U.S. Treasury Bill ETFs through a complex trust structure, which is not feasible for most other DAOs and Web3 companies. In comparison, it is more efficient and feasible for DAOs to purchase tokenized RWAs on-chain through professional/compliant asset issuers. RWA coming into mainstream crypto Against the backdrop of the crypto winter and rising US interest rates, the new wave of DeFi innovation ...