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World’s Largest Asset Manager Brings $311 Billion Fund Suite to Ethereum

World’s Largest Asset Manager Brings $311 Billion Fund Suite to Ethereum

<p class="text-left mb-4 ">BlackRock, the world’s largest asset manager, launched its first tokenized fund access in Europe on Tuesday. Working with JPMorgan’s Kinexys platform, the company created onchain share classes on the <a href="https://jrkripto.com/tr/chains/ethereum" target="_blank" rel="noreferrer" class="text-primary underline">Ethereum </a>blockchain.</p><p class="text-left mb-4 ">The initiative covers funds from BlackRock’s Institutional Cash Series (ICS) money market range. These funds held a combined $311 billion in assets under management as of June 30, so this is far from a small pilot project.</p><p class="text-left mb-4 ">According to BlackRock, Kinexys acts as a translation layer between onchain transactions and the funds’ traditional recordkeeping systems. Each token represents a share in an ICS fund, while the official shareholder register remains with the fund’s transfer agent.</p><p class="text-left mb-4 ">In other words, blockchain does not change the legal ownership structure. It digitizes the access and transfer layer.</p><p class="text-left mb-4 ">A total of 12 tokenized share classes across six fund families are now available: Euro Government Liquidity, Sterling Government Liquidity, U.S. Treasury, Euro Liquidity, Sterling Liquidity and U.S. Dollar Liquidity.</p><p class="text-left mb-4 ">Smart contracts allow approved investors to transfer shares directly between wallets around the clock, seven days a week. The structure continues to generate yield, while fund movements can be tracked onchain in near real time.</p><p class="text-left mb-4 ">Hannah Winter, head of BlackRock’s Digital Cash business, said tokenized money market funds bring short-term investment instruments into a digital format without compromising capital preservation, liquidity or risk management standards.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How will institutions use the funds?</h2><p class="text-left mb-4 ">According to the announcement, the tokenized share classes can support institutional cash management, digital collateral management, bank distribution channels and integration with broader tokenized financial ecosystems. Access is currently limited to 15 markets.</p><p class="text-left mb-4 ">The onchain share classes are available to investors in Bermuda, Estonia, France, Germany, Ireland, Lithuania, Luxembourg, Malta, the Netherlands, Spain, Sweden, Singapore and the United Kingdom.</p><p class="text-left mb-4 ">Lithuania’s inclusion on the list indicates that the country’s digital asset infrastructure is also becoming an attractive destination for institutional players.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Tokenization has been on BlackRock’s agenda for years</h2><p class="text-left mb-4 ">This step is not a one-off experiment for BlackRock. In an article published by The Economist in December 2025, CEO Larry Fink and COO Rob Goldstein argued that tokenization could accelerate transaction settlement, reduce operational friction in private markets and expand investment access by recording asset ownership on blockchain-based ledgers.</p><p class="text-left mb-4 ">The European launch came only one day after BlackRock unveiled two tokenized money market products designed for stablecoin reserves. BRSRV is a newly established fund, while BSTBL tokenizes share classes of the company’s existing Select Treasury Based Liquidity Fund.</p><p class="text-left mb-4 ">Both products invest primarily in cash, short-term U.S. Treasury bills and overnight Treasury-backed repurchase agreements.</p><p class="text-left mb-4 ">The move also aligns with the objective outlined last month by BlackRock Chief Financial Officer Martin Small. During the company’s second-quarter earnings call, Small said BlackRock’s ultimate goal was to allow investors to access tokenized Treasury funds, iShares ETFs and private-market investments through digital wallets alongside crypto assets and stablecoins.</p>

4 Aug 2026
Binance to Delist Four Spot Trading Pairs

Binance to Delist Four Spot Trading Pairs

<p class="text-left mb-4 ">Delisting announcements have become an almost routine part of the calendar at cryptocurrency exchanges. Still, every new notice raises the same concern for users holding the affected tokens: what will happen to my assets? Binance’s latest announcement has brought that question back into focus.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance bids farewell to four trading pairs</h2><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>announced that it will remove four spot trading pairs on August 7, 2026, at 03:00 UTC. The affected pairs are QNT/BTC, RPL/USDC, SIGN/BNB and SKL/USDC.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-08-04-144400-38b72f9f.webp" alt="Ekran görüntüsü 2026-08-04 144400.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The exchange cited its usual reasons for the decision: low liquidity and insufficient trading volume. Binance periodically reviews all spot trading pairs and removes those that no longer meet its requirements. This announcement is one of many similar decisions made by the exchange.</p><p class="text-left mb-4 ">There is one important detail. Binance is removing only these four trading pairs, rather than delisting the tokens themselves. Although QNT/BTC will no longer be available, users will still be able to trade QNT through other pairs on the exchange, such as QNT/USDT.</p><p class="text-left mb-4 ">The same applies to RPL, SIGN and SKL. Tokens held in user accounts will remain there; only these specific trading pairings will close.</p><p class="text-left mb-4 ">Binance will also terminate Spot Trading Bot services for the affected pairs at the same time. The exchange advised users with active bots to update or cancel them before the removal takes effect. If a bot stops while it still has open orders, the shutdown could lead to an unwanted outcome.</p><p class="text-left mb-4 ">Looking briefly at the affected tokens, Quant is a project built around blockchain interoperability for institutional users. Its QNT token supports licensing and access mechanisms within the network.</p><p class="text-left mb-4 ">Rocket Pool is a decentralized Ethereum staking protocol. Its RPL token serves governance and utility functions within the ecosystem. The project is known for infrastructure that allows users to operate validators with less than 16 ETH in capital.</p><p class="text-left mb-4 ">SKALE develops scalability infrastructure for Ethereum and stands out for its zero-gas-fee transaction model. SIGN is a newer project compared with the other three and positions itself as an identity verification and digital signature infrastructure platform.</p><p class="text-left mb-4 ">Delisting announcements are common in the cryptocurrency market, but they frequently prompt investors to consider whether the affected token is performing poorly. In most cases, the removal of a single trading pair does not provide enough evidence to support that conclusion.</p><p class="text-left mb-4 ">Removing a pair because of low trading volume does not mean the token has become worthless or has lost its place on a major exchange. It only shows that traders are not using that particular pairing enough to justify keeping it active.</p><p class="text-left mb-4 ">Even so, such announcements can create mild short-term pressure on token prices. Some investors automatically interpret any delisting-related notice as a negative signal, even when the exchange is removing only one trading pair.</p><p class="text-left mb-4 ">Timing is the main concern for users with open orders or active bots on the affected pairs. They should complete the necessary adjustments before August 7 at 03:00 UTC. Binance has not clearly explained how the bot termination process could affect any outstanding activity, so users may want to take the exchange’s warning seriously.</p>

4 Aug 2026
Mastercard Officially Completes Acquisition of Stablecoin Firm

Mastercard Officially Completes Acquisition of Stablecoin Firm

<p class="text-left mb-4 ">Mastercard has completed its acquisition of <a href="https://jrkripto.com/tr/category/stablecoins" target="_blank" rel="noreferrer" class="text-primary underline">stablecoin </a>infrastructure provider BVNK as part of its effort to strengthen the connection between crypto assets and traditional payment systems.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-08-04-123602-d0935978.webp" alt="Ekran görüntüsü 2026-08-04 123602.png" width="auto" height="auto" class="w-full rounded-lg border" /> <figcaption class="mt-2 mb-6 text-center text-sm text-gray-500">Mastercard's PR </figcaption> </figure> </p><p class="text-left mb-4 ">In an announcement published on Tuesday night, Türkiye time, the company said it would use BVNK’s technology and expertise to help financial institutions, fintech companies and corporate clients expand use cases involving stablecoins and tokenized assets. These include business-to-business payments, payouts, settlement and treasury management.</p><p class="text-left mb-4 ">Mastercard did not disclose the final financial terms of the deal. The company announced in March that it had agreed to acquire BVNK for up to $1.8 billion.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Building a bridge between payment systems</h2><p class="text-left mb-4 ">Mastercard Chief Product Officer Jorn Lambert said fiat currencies, stablecoins and tokenized deposits now coexist. He added that the future of payments would depend on how effectively these different forms of money and payment rails could work together.</p><p class="text-left mb-4 ">Founded in 2021, BVNK provides infrastructure that allows businesses to send and receive payments across major blockchain networks. In a blog post published on Monday, the company stressed that the acquisition would not affect its existing operations or customer relationships.</p><p class="text-left mb-4 ">BVNK also said it would soon begin making Mastercard’s broader capabilities available to its clients. These include wider payment access, card functionality and new methods for moving funds globally.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">An active period for Mastercard’s crypto strategy</h2><p class="text-left mb-4 ">Mastercard has gradually expanded its activities in the crypto sector over recent months. In June, the company broadened its settlement capabilities to include regulated stablecoins alongside fiat currencies.</p><p class="text-left mb-4 ">Under the expansion, USDC, PYUSD and RLUSD were added to card settlement processes across Mastercard’s global payment network.</p><p class="text-left mb-4 ">In March, Mastercard also launched a global crypto partnership program with more than 85 crypto-focused companies, including Binance and Ripple. The program aims to develop institutional use cases involving money transfers, settlement and payouts.</p><p class="text-left mb-4 ">Viewed against this broader strategy, the BVNK acquisition appears to be more than an isolated move. It marks the latest stage in Mastercard’s effort to integrate stablecoin infrastructure directly into its payment rails.</p><p class="text-left mb-4 ">Over the past year, the company has continued to strengthen its position in this market through both partnerships and acquisitions.</p><p class="text-left mb-4 ">Analysts say moves by traditional payment giants to own stablecoin infrastructure directly reflect an effort to reduce their dependence on third-party crypto service providers. Mastercard rival Visa has also continued investing in crypto and stablecoin infrastructure.</p>

4 Aug 2026
Bitcoin Faces $219 Million Double Blow but Still Rebounds

Bitcoin Faces $219 Million Double Blow but Still Rebounds

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>held above $63,000 after starting the day under pressure from a security exploit and institutional selling. BTC fell as low as $62,227 before improving risk appetite on Wall Street helped it recover toward $63,800 by around 10:00 p.m. Türkiye time.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-08-03-22-17-46-7da3f6e5.webp" alt="BTCUSDT_2026-08-03_22-17-46.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Ethereum did not fully participate in the rebound. ETH traded near $1,868, down about 0.3% for the day. Solana recorded a modest gain near $74, while XRP remained flat at around $1.08.</p><p class="text-left mb-4 ">The crypto market’s recovery also lagged behind the rally in US equities. The Nasdaq gained about 2% during the same period, while Bitcoin’s daily increase remained below 1%.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Coldcard exploit losses approach $114 million</h2><p class="text-left mb-4 ">The first major source of pressure came from an exploit targeting Coldcard hardware wallets. Researchers estimate that the attacker has moved approximately 1,816 Bitcoin from more than 5,200 addresses since July 30.</p><p class="text-left mb-4 ">At current Bitcoin prices, the stolen assets are worth close to $114 million. During the first wave alone, 1,083 BTC was drained from 1,196 addresses in just 41 minutes.</p><p class="text-left mb-4 ">Researchers linked the exploit to a random number generation flaw in a firmware version released in March 2021. The vulnerability made the private keys of some users predictable enough for attackers to reproduce them.</p><p class="text-left mb-4 ">Coldcard manufacturer Coinkite released an emergency firmware update for affected models. The company also urged users with single-key wallets created using the flawed software to move their assets to newly generated addresses.</p><p class="text-left mb-4 ">Some transactions from the fourth wave are still awaiting confirmation. These transactions use Bitcoin’s replace-by-fee feature, giving affected users a limited opportunity to pay a higher fee and move their funds before the attacker.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strategy sold $105 million in Bitcoin</h2><p class="text-left mb-4 ">The second source of pressure came from Strategy, widely known as the market’s largest corporate Bitcoin holder. The company sold 1,638 Bitcoin last week at an average price of $63,957, raising $104.73 million.</p><p class="text-left mb-4 ">The sale reduced Strategy’s Bitcoin holdings to 842,138 BTC. The company paid a total of $63.51 billion for these assets, resulting in an average purchase price of $75,419.</p><p class="text-left mb-4 ">Strategy also sold 3.01 million MSTR shares during the same period, raising another $290.6 million. The company used part of the proceeds to increase its US dollar reserve by $250 million and repurchase its high-yielding STRC preferred shares.</p><p class="text-left mb-4 ">Strategy bought back 912,143 STRC shares for $81.2 million. Its total cash reserve consequently reached $4 billion.</p><p class="text-left mb-4 ">MSTR shares initially fell in premarket trading following the Bitcoin sale. However, the stock reversed course alongside the broader Wall Street rally, gaining more than 2% to trade near $95 by around 10:00 p.m. Türkiye time.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Cautious optimism in derivatives markets</h2><p class="text-left mb-4 ">The derivatives market did not produce a clear directional signal. Open interest in Bitcoin futures climbed to a one-month high of 772,000 BTC.</p><p class="text-left mb-4 ">The annualized funding rate remained positive at around 4%. This suggests that traders are still willing to pay a premium to maintain bullish positions.</p><p class="text-left mb-4 ">However, sell-side positions accounted for more than 52% of taker volume in the futures market. The aggressive behavior of sellers showed that traders remained cautious despite Bitcoin’s recovery above $63,000.</p><p class="text-left mb-4 ">The 30-day implied volatility index held near 37%. On Deribit, call options with strike prices of $68,000 and $70,000 attracted the highest trading activity.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Regulatory risks return to focus</h2><p class="text-left mb-4 ">Uncertainty surrounding the Clarity Act also returned to the market’s agenda. Bernstein analysts said the Senate’s limited schedule had reduced the chances of the bill passing in 2026.</p><p class="text-left mb-4 ">The brokerage expects another crypto sell-off if lawmakers fail to pass the legislation. However, faster rulemaking by the SEC and CFTC could shorten the duration of any negative market reaction.</p><p class="text-left mb-4 ">Bitcoin is absorbing the negative headlines while holding above $63,000. Still, its inability to reclaim $65,000 and weakening institutional demand continue to limit the strength of the recovery.</p><p class="text-left mb-4 min-h-[1.5em]"></p>

3 Aug 2026
CME Halts Nasdaq’s Bitcoin Options as SEC Approval Is Suspended

CME Halts Nasdaq’s Bitcoin Options as SEC Approval Is Suspended

<p class="text-left mb-4 ">Derivatives exchange CME Group has asked the SEC to withdraw its conditional approval of Nasdaq PHLX’s cash-settled Bitcoin index options. CME’s argument is straightforward: these contracts fall entirely under the jurisdiction of the CFTC, not the SEC.</p><p class="text-left mb-4 ">The SEC accepted CME’s petition on July 29 and stayed the approval until the full commission reviews the matter. The deadline for submitting written statements supporting or opposing the approval is August 24. The order offers no indication of how commissioners view CME’s arguments, leaving the product’s future uncertain.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-08-03-104011-5c1f6a84.webp" alt="Ekran görüntüsü 2026-08-03 104011.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What sparked the jurisdictional dispute?</h2><p class="text-left mb-4 ">Nasdaq first announced its plans for the options with CF Benchmarks in 2024. The key difference from existing options tied to spot <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>ETFs lies in the underlying asset. Those products are based on securities, while Nasdaq’s proposed options would track an index linked directly to Bitcoin. That distinction sits at the center of the dispute.</p><p class="text-left mb-4 ">The SEC’s Division of Trading and Markets approved the application on May 22 under delegated authority. However, Nasdaq still needed separate exemptions from the CFTC before trading could begin.</p><p class="text-left mb-4 ">If granted, those exemptions would allow Nasdaq PHLX, formerly known as the Philadelphia Stock Exchange, to offer the contracts under both SEC and CFTC oversight. They would also allow the Options Clearing Corporation to clear the products without registering separately with the CFTC as a derivatives clearing organization.</p><p class="text-left mb-4 ">CME argues that Bitcoin is a commodity rather than a security. An option tied directly to its value therefore does not qualify as a security-based derivative. Instead, CME says it meets the definition of a commodity option or swap, placing it exclusively under the CFTC’s jurisdiction under the Dodd-Frank Act.</p><p class="text-left mb-4 ">One of the most significant points in CME’s petition concerns the limits of a CFTC exemption. According to the company, granting an exemption does not transfer jurisdiction to the SEC. In other words, the type of CFTC relief Nasdaq requires would not amount to permission for the SEC to regulate the product as well.</p><p class="text-left mb-4 ">CME argues that the division of authority between the two agencies cannot be changed through an administrative exemption. It also rejects the idea that the SEC can claim oversight simply because the product would trade on a securities exchange. Jurisdiction, CME says, comes from the nature of the product, not the platform on which it trades.</p><p class="text-left mb-4 ">The company further claimed that the SEC’s Division of Trading and Markets exceeded its authority and adopted an unusual interpretation of Section 717 of the Dodd-Frank Act. CME asked the commission to overturn the approval entirely.</p><p class="text-left mb-4 ">It also issued a broader warning. If the decision stands, exchanges could potentially list options or futures tied to other non-security commodities under SEC rules.</p><p class="text-left mb-4 ">Competition also appears to be a major concern for CME. The company said Nasdaq’s product would compete directly with its own offerings and could create additional regulatory costs for its exchange and clearing businesses.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How would the contract work?</h2><p class="text-left mb-4 ">The proposed options would trade under the symbol QBTC and reference the CME CF Bitcoin Real Time Index divided by 100. The index uses order book data from eligible Bitcoin-dollar markets and updates every 200 milliseconds.</p><p class="text-left mb-4 ">The contracts would be European-style, meaning holders could exercise them only at expiration. Settlement would take place entirely in US dollars, with no Bitcoin changing hands.</p><p class="text-left mb-4 ">The final settlement value would use the CME CF Bitcoin Reference Rate New York Variant, also divided by 100. Calculated once per day, the benchmark draws on Bitcoin-dollar transactions completed during a one-hour window ending at 4:00 p.m. New York time.</p><p class="text-left mb-4 ">Nasdaq argues that the product would give spot Bitcoin ETF holders another way to hedge or adjust their exposure on a national securities exchange. Investors could also manage the options under the same margin framework as their ETF positions.</p>

3 Aug 2026
World’s Largest Asset Manager Brings $311 Billion Fund Suite to Ethereum
World’s Largest Asset Manager Brings $311 Billion Fund Suite to Ethereumabout 3 hours ago
Binance to Delist Four Spot Trading Pairs
Binance to Delist Four Spot Trading Pairsabout 8 hours ago
Mastercard Officially Completes Acquisition of Stablecoin Firm
Mastercard Officially Completes Acquisition of Stablecoin Firmabout 11 hours ago
Bitcoin Faces $219 Million Double Blow but Still Rebounds
Bitcoin Faces $219 Million Double Blow but Still Rebounds1 day ago
CME Halts Nasdaq’s Bitcoin Options as SEC Approval Is Suspended
CME Halts Nasdaq’s Bitcoin Options as SEC Approval Is Suspended1 day ago
World’s Largest Asset Manager Brings $311 Billion Fund Suite to Ethereum
World’s Largest Asset Manager Brings $311 Billion Fund Suite to Ethereumabout 3 hours ago
Binance to Delist Four Spot Trading Pairs
Binance to Delist Four Spot Trading Pairsabout 8 hours ago
Mastercard Officially Completes Acquisition of Stablecoin Firm
Mastercard Officially Completes Acquisition of Stablecoin Firmabout 11 hours ago
Bitcoin Faces $219 Million Double Blow but Still Rebounds
Bitcoin Faces $219 Million Double Blow but Still Rebounds1 day ago
CME Halts Nasdaq’s Bitcoin Options as SEC Approval Is Suspended
CME Halts Nasdaq’s Bitcoin Options as SEC Approval Is Suspended1 day ago

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