Crypto Recovers After Volatility, BlackRock Launches Tokenized Fund, Kraken Unveils Custody, Gold Hits Records
• Bitcoin and ether prices were volatile, falling significantly then recovering to trade 15% above Wednesday's lows. SOL, ADA, and BNB also rose.
• BlackRock launched a tokenized asset fund represented by the BUIDL token backed by cash, Treasuries, and repurchase agreements.
• Kraken unveiled a qualified custody service for institutions in Wyoming through its special purpose depository institution charter.
• The PAX Gold (PAXG) cryptocurrency hit a record high above $2,186 as spot gold prices also reached new highs.
• The Fed maintained its projection of three rate hikes this year, boosting rallies in gold and bitcoin.