A MAJOR fundamental flaw in crypto is starting to emerge.
It's the #1 reason why altcoins are underperforming this cycle.
And currently, there seems to be no fix.
I just dug through all the data (what I found was shocking).
๐งต: How altcoin dispersion is killing crypto.๐
Some notes on Mt. Gox hack:
(Approximate figures)
Lost:
BTC: 850,000 (4% of total bitcoin)
To be repaid:
BTC: 142,000 (8.8 Billion USD)
BCH to be repaid: 143,000 (56 Million USD)
USD: 500,000,000
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With assets allocated to cash, US Treasury bills, and repo agreements, the fund targets a stable $1 token value, distributing dividends as new tokens monthly. Key partners include Coinbase and Securitize.
BlackRock has launched BUIDL, its first tokenized fund on the Ethereum blockchain.
BUIDL offers institutional investors (min $5M per entity) the opportunity to earn USD yields through digital assets, enhancing liquidity and settlement efficiency.