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Securitize falls 16% after earnings miss, tokenization revenue drops

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Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates.

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SEC allows Franklin Templeton funds to invest in onchain money fund

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The SEC said it will not pursue enforcement action if Franklin Templeton’s funds start investing cash in the asset manager’s own tokenized money market fund.

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‘DeFi doesn’t exist anymore,’ just onchain finance: Andre Cronje

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Flying Tulip founder Andre Cronje contends that DeFi protocols have evolved into a new financial paradigm of “onchain finance” but have sacrificed some of their inherent immutability and decentralization.

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Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode

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Bitcoin’s weakness near range highs stems from short-term holders trying to break even on underwater BTC investments, Glassnode says.

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