BUILD

World

Ethena

BlackRock

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-boosts-ena-coins-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Boosts ENA Coin’s Surge</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-on-balance-volume-break-a-key-indicator-for-market-momentum-shift" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price remains volatile, yet recent developments in altcoins are generating positive trends. ENA Coin’s rise is notably linked with BlackRock. The <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">latest news</a> hints at significant advancements in the Real World Asset (RWA) sector.</p>
<h2 id="why-is-ena-coin-rising">Why is ENA Coin Rising?</h2>
<p style="text-align: justify">Previously, MakerDAO announced plans to tokenize some of its treasury bonds, attracting interest from BlackRock and propelling the MKR Coin upwards. A similar scenario is unfolding for ENA Coin. The ENA team is currently gathering proposals to tokenize their reserve bonds into U.S. bonds, with BlackRock’s BUILD product, valued at over $500 million, among the contenders.</p>
<p style="text-align: justify">MakerDAO intends to tokenize $1 billion, while Ethena plans a smaller scale effort. The governance team at Ethena has highlighted their strategy to tokenize a portion of their $235 million USDT assets, constituting roughly 7% of their collateral assets and $45 million in excess reserves. BlackRock’s BUIDL fund is poised to support $34 million of these reserves.</p>
<h2 id="what-could-drive-altcoin-increases">What Could Drive Altcoin Increases?</h2>
<p style="text-align: justify">ArbitrumDAO also explores acquiring tokenized bonds in exchange for 35 million ARB Tokens. These initiatives could foster altcoin growth due to the prospect of collaboration with a formidable partner like BlackRock in the RWA field.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>ENA Coin’s recent 10% surge is closely tied to BlackRock’s interest and involvement.</li>
 <li>Tokenization of treasury bonds by prominent platforms like MakerDAO and Ethena can significantly impact altcoin values.</li>
 <li>Partnerships with established financial entities like BlackRock provide a boost in credibility and potential market movements.</li>
</ul>
<p style="text-align: justify">With ENA Coin showing a notable increase in value, it’s evident that investor enthusiasm is growing in response to these strategic moves in the RWA sector. The involvement of BlackRock and other high-profile entities highlights the importance of monitoring these developments closely for future <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investment</a> opportunities.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/blackrock-boosts-ena-coins-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Boosts ENA Coin’s Surge</a></h5>

BlackRock Boosts ENA Coin’s Surge

Table of Contents

BH NEWS

Outros artigos publicados em 23 de jul. de 2024

JUST IN: What’s Going On With This Altcoin? First It Was Said To Be Sold, Now They Announced They...

Shiba Shootout Nears $750,000 In Presale, Rides Crypto Market Momentum

2nd Report Of July 2024 - Matrix AI Network

How Ripple’s “RLUSD” Will Shake the Stablecoin Market: USDT, USDC Under Fire?

This English Football Club is Making a Bold Bet on Bitcoin!

Dogwifhat (WIF)Tipped For Stardom: Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

Join our free newsletter for daily crypto updates!