Global Spotlight
Looking at the wider market, we’ve also seen institutions become more comfortable with moving on-chain, as signalled by BlackRock’s new tokenized fund, BUIDL, leveraging Ethereum. The fund has attracted a remarkable $245 million in just one week after launch and is comprised of US Treasury bills, cash, and repurchase agreements, is represented by the BUIDL token, which is pegged to $1.
At the other end of the market, where tokens are represented by cartoon dogs and frogs, we’ve also seen Dogecoin get a renewed interest from retail crowds as speculators are beginning to position for the possible inclusion of DOGE on X (prev Twitter), as Elon Musk shared a short animation from user @DogeDesigner. This is not the first time that Elon has teased the Dogecoin community with cryptic messages on this topic and so this should be treated as speculative, with there being no confirmation of DOGE’s inclusion as a payment method to-date. As of time of writing, DOGE is up 40% on the week, trading at $0.21.🔥
