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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
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    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

  • Gaming
    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

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  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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  • Guides
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    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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Home Altcoins

‘Blackrock did not select HBAR’ as altcoin falls 20% after tokenization rumors

April 25, 2024
in Altcoins
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‘Blackrock did not select HBAR’ as altcoin falls 20% after tokenization rumors
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CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

  • Bitcoin’s post-halving surge altered investor behavior, as shown by Blackrock’s ETFs.
  • HBAR surges 107% after tokenizing BlackRock fund; later drops 19%.

A recent event that has captured widespread attention is the remarkable performance of Bitcoin [BTC] following its halving.

This triggered significant shifts in investor behavior towards BTC, with one notable example being the extraordinary streak of 70 consecutive days of inflows into Blackrock’s Bitcoin ETF. 

Clearing the air around BlackRock’s involvement 

For the uninitiated, Blockchain firms Archax and Ownera tokenized BlackRock’s ICS U.S. Treasury Fund on the Hedera platform. This news led to a staggering 107% surge in HBAR’s value on the 23rd of April. 

Contrary to initial speculation suggesting Blackrock’s involvement with Hedera for the project, the reality appears to be different.

While the announcement fueled excitement and optimism, it became evident that Blackrock’s role was not as direct as initially implied.

Clearing the air around the aforementioned issue, Cardano Ghost Fund DAO founder Chris O’Connor took to X and noted, 

“Blackrock the actual institution did NOT select HBAR for tokenizing a fund of theirs. Blackrock had no involvement whatsoever and has no connection to the protocol.” 

Well, this did not just end here, Graham Rodford, CEO and co-founder of Archax Ltd, took to X and clarified, 

“If we decide to tokenise, arguably we do not need to approach the investment manager, but we always do as we want long-term relationships.”   

He added, 

“The investment manager’s level of involvement can vary but both Abrdn and Blackrock were aware that we were tokenising on Hedera.”

In a separate interview with crypto YouTuber Jesus Martinez., Rodford also said, 

“What we saw on Twitter was kind of pretty much close to the truth […] Archax had clients that wanted to invest in the BlackRock money market fund. When they expressed an interest we opened an account at BlackRock so that we could,”

HBAR’s market trend

However, despite these explanations, the community seems to be on a bearish curve when it comes HBAR.

See also  DeFi tokens brace for Ethereum ETF decision: What's at stake?

According to CoinMarketCap, HBAR dropped by over 20% in the past 24 hours and stood at $0.1135 at press time, signaling strong selling pressure.  

Next: BONK booms 60% last week – What do the next 7 days hold?

Tags: AltcoinBlackRockFallsHBARRumorsselecttokenization

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EDITOR'S PICK

Wall Street Bitcoin Miners Just Made Millions, Profits Hit 7-Month High

Wall Street Bitcoin Miners Just Made Millions, Profits Hit 7-Month High

December 17, 2024
These Two Tweets Made One Trader $197k

These Two Tweets Made One Trader $197k

May 21, 2024
Does Ethereum’s surging supply signal better days for ETH?

Does Ethereum’s surging supply signal better days for ETH?

October 15, 2023
Bitpanda introduces multi-chain network support

Bitpanda introduces multi-chain network support

October 20, 2023

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