The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more
2024-12-13
Category: None

Happy Thursday! In today's newsletter, BlackRock recommends up to a 2% bitcoin allocation, Step Finance aims to bring tokenized stocks to Solana, Avalanche raises $250 million and more.
Meanwhile, former Grayscale Investments CEO Michael Sonnenshein joins Securitize as COO.
Plus, President-elect Donald Trump remains keen on a strategic crypto reserve, aiming to make the U.S. an industry leader.
Let's get started.
BlackRock recommends up to 2% bitcoin allocation
BlackRock, the world's largest investment firm with $11.5 trillion in assets under management and issuer of the largest spot Bitcoin ETF, recommended allocating up to 2% of multi-asset portfolios to bitcoin in an institutional investor report on Thursday.
Step Finance aims to bring tokenized stocks to Solana
DeFi platform Step Finance has acquired early-stage startup Moose Capital, aiming to bring tokenized stock trading of major companies like Nvidia and Tesla to Solana, targeting a Q1 2025 launch.
Avalanche raises $250 million locked token sale
Avalanche announced it raised $250 million in a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital to support its Avalanche9000 upgrade.
Web3 notifications protocol Push to launch its own Layer 1 chain
Web3 notifications project Push Protocol is developing Push Chain, a Layer 1 focused on chain abstraction and building applications that are accessible across different networks.
Frax is developing a tech stack for AI agents on blockchain
Decentralized stablecoin protocol Frax Finance is developing a tech stack as a parallelized blockchain within its Layer 2 rollup Fraxtal to enable autonomous, tokenized AI agents.
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