Larry Fink

BlackRock has introduced tokenized share classes tied to European money market funds with a combined $311 billion in assets under management. The expansion underscores rising institutional interest in using blockchain infrastructure for cash management and real-world asset transferability.

Bitcoin has dropped below its 50-day moving average after losing 2.9% over the past 24 hours, weakening hopes of a confirmed trend reversal. Traders are now watching support around $61K and $59K, while broader market pressure and mixed institutional signals shape the near-term outlook.

Bitcoin has dropped 2.9% over the past 24 hours to $62.8K, slipping back beneath its 50 day moving average as external market pressure weighs on crypto sentiment. Technical traders are now watching support near $61K, $59K and $56K while broader recovery signals remain unconfirmed.

BlackRock CEO Larry Fink has made a groundbreaking statement, declaring Bitcoin to be "an asset class that protects you." This declaration, coming in the wake of the recent approval of BlackRock's spot Bitcoin ETF by the US Securities and Exchange Commission (SEC), marks a pivotal moment for Bitcoin's recognition in mainstream financial circles.