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MicroStrategy’s Bitcoin Bet Faces Collapse Fears as Stock Plunges

Fears are mounting that MicroStrategy’s massive Bitcoin treasury strategy could unravel after the company acknowledged it might sell Bitcoin for the first time. The firm’s stock has plunged 30% in a month as Bitcoin declined, raising comparisons to historic corporate collapses like Enron and Lehman Brothers and challenging the notion that the company is ‘too big to fail.’

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CFTC’s FBOT Framework Fails to Fit Crypto Exchanges

The Commodity Futures Trading Commission’s (CFTC) guidance on the Foreign Board of Trade (FBOT) framework, aimed at offshore exchanges serving U.S. residents, is ill-suited for cryptocurrency platforms, according to Eli Cohen, general counsel at Centrifuge. Cohen highlights that settlement, clearing, and regulatory mandates under FBOT are designed for traditional finance, making compliance difficult or unfeasible for crypto exchanges. Additionally, the framework restricts applications to Licensed Futures Commission Merchants (FCMs) and other heavily regulated entities, further limiting crypto participation. This misalignment suggests the CFTC’s efforts may not achieve their goal of reintegrating offshore crypto exchanges into the U.S. regulatory landscape.

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Centrifuge Hits $1B in RWA TVL, Joins BlackRock & Ondo

Blockchain infrastructure platform Centrifuge has crossed $1 billion in TVL, becoming one of only three RWA platforms—alongside BlackRock’s BUIDL and Ondo Finance—to achieve this milestone. CEO Bhaji Illuminati credits institutional adoption shifting from pilots to live deployments, coupled with strong demand from onchain allocators. The platform’s success underscores the broader trend of tokenizing real-world assets like Treasury bills and CLOs, with Centrifuge’s JAAA fund offering AAA-rated exposure as a higher-yield alternative to risk-free rates. The $1B club signals maturing institutional confidence in blockchain-based financial products.

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Centrifuge Launches First Tokenized S&P 500 Index Fund

Centrifuge, a blockchain infrastructure platform, has teamed up with S&P Dow Jones Indices (S&P DJI) to introduce the first tokenized S&P 500 Index fund. The partnership leverages Centrifuge’s blockchain-native platform to offer programmable index-tracking products using official S&P DJI data. This marks a significant milestone in bridging traditional finance with decentralized finance (DeFi), allowing investors to access and trade index funds via smart contracts. The collaboration also introduces proof-of-index infrastructure, enhancing transparency and efficiency for tokenized financial products.

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Whales Accumulate Chainlink Amid Market Decline and Price Analysis Insights

Chainlink (LINK) has seen a significant 9% drop in the past 24 hours, trading at $17.51, down 66.86% from its all-time high. Despite this decline, whale investors have purchased 1.10 million LINK tokens, indicating strong bullish sentiment. Cardano’s Charles Hoskinson has also expressed interest in integrating Chainlink’s oracle network, highlighting its importance in bridging on-chain and off-chain assets.

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