News summarizing the blockchain & cryptocurrency market – May 2
Asset tokenization company Securitize raises $47 million led by BlackRock
Asset tokenization company Securitize has successfully raised $47 million led by BlackRock, the world's largest asset manager. This investment comes just six weeks after BlackRock selected Securitize as the transfer agent of the first tokenized fund on a public blockchain. In addition to BlackRock, other investors such as Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, Circle and Paxos also participated in this funding round. Securitize is a company that specializes in tokenizing real-world assets and is working to digitize capital markets using blockchain technology. This investment will help Securitize continue to innovate and expand, solidifying its leadership position in the digital asset securities sector.
Tether reported a "profit" of 4.52 billion USD in just the first 3 months of 2024
Tether has just released its financial report for the first quarter of 2024 with profits reaching 4.52 billion USD. In the first 3 months of this year, Tether recorded a net profit of up to 4.52 billion USD, with more than 1 billion USD earned from US Treasury bonds and the remaining amount from revaluation profits. Bitcoin and Gold positions. The financial report also states that Tether currently holds assets worth $110.28 billion, including US Treasury bonds, cash, and other investments. Tether's investments grew to more than $5 billion, including bonds, gold, Bitcoin, and external lending assets.
US Congressman accuses SEC Chairman of being dishonest about classifying ETH as a security
Congressman Patrick McHenry has accused SEC Chairman Gary Gensler of being dishonest in classifying ETH as a security. Mr. McHenry said that Mr. Gensler avoided answering questions about the SEC's classification of Ethereum during a recent hearing. Mr. McHenry also mentioned a recent court announcement that this was an attempt to conceal the Securities Commission's true opinion. Mr. McHenry also mentioned that the SEC warned the company ConsenSys about its relationship with the Ethereum Foundation and the classification of ETH as a security. Mr. McHenry asked the court to clarify the legal status of ETH through the evidence provided. Mr. McHenry also criticized Mr. Gensler's lack of transparency before Congress and said that this is another example of how the Securities and Exchange Commission treats the legal status of the digital assets sector.