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This $2.5 Billion BlackRock Fund Is Coming to Binance and BNB Chain

BlackRock’s $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is expanding to Binance and the BNB Chain, according to a press release from Securitize. BUIDL will be accepted as collateral for trades on Binance, enhancing access to institutional investors. The fund, launched in March, is backed by U.S. Treasuries and offers an annualized yield averaging 3.7%. With the integration into Binance's custody service, Ceffu, BlackRock's fund represents a step toward bringing regulated real-world assets onto blockchain networks. The demand for interest-bearing assets from Binance's institutional clients has prompted this expansion, further showcasing Wall Street's growing involvement with cryptocurrency exchanges. Securitize, which is preparing for a public offering, also plans to issue digital stock representations on a blockchain as part of its business model. This move is significant as it underscores the evolving landscape of digital finance and institutional engagement within the cryptocurrency market.

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Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm

Prosecutors from the Southern District of New York asserted that there was sufficient evidence to convict Roman Storm, a developer of Tornado Cash, which is a cryptocurrency mixing service. In response to Storm's acquittal motion, the DOJ argued that the trial established his role as a co-founder and

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York asserted that they possess sufficient evidence to convict Tornado Cash developer Roman Storm, challenging his recent motion for acquittal following his conviction on a conspiracy charge. The prosecution's filing highlighted that Storm was a co-founder of Tornado Cash and intentionally

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York made a filing asserting that they had sufficient evidence to convict Roman Storm, a developer of the crypto mixing service Tornado Cash. This motion counters Storm's request for acquittal following his earlier conviction for conspiracy to operate an unlicensed money

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