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Flash
- 16:59Bitwise submits application for stablecoin and tokenized ETFAccording to ChainCatcher, Bloomberg ETF analyst James Seyffart reported that @BitwiseInvest has submitted an application to regulators for a stablecoin and tokenized ETF. This ETF will invest in both related publicly listed company stocks and crypto assets, aiming to capture development opportunities in the stablecoin ecosystem and tokenization market.
- 16:45Chiliz Group acquires 51% stake in OG Esports, OG co-founder returns to managementChainCatcher reported that Chiliz Group has announced the acquisition of a 51% stake in the globally renowned esports club OG Esports, officially taking control of the team. The group plans to expand the team, broaden its commercial footprint, and strengthen fan engagement. Following this acquisition, OG co-founder Xavier Oswald will serve as CEO, while Johan “n0tail” Sundstein and Sébastien “Ceb” Debs will launch new strategic projects to further solidify OG’s competitive foundation. Founded in 2015, OG was the first team to win back-to-back championships at The International Dota 2 tournament, and later expanded into CS, Honor of Kings, and MLBB. The $OG fan token, launched in 2020, once surpassed a market capitalization of 100 millions USD. With the completion of the acquisition, Socios.com will become the exclusive platform for the $OG fan token, which will serve as a flagship case for the fan economy, exploring more use cases such as ticketing, merchandise, venue rights, and revenue sharing. Chiliz Group stated that it will leverage its global network, which covers more than 80 top sports organizations, to help OG expand into international markets and drive the fan token ecosystem into its second phase.
- 16:23Galaxy Digital plans to launch a multi-chain tokenized money market fundJinse Finance reported that Galaxy Digital, the digital asset investment firm led by Mike Novogratz, is preparing to launch a tokenized money market fund, which will be rolled out on three major blockchains: Ethereum, Solana, and Stellar, and is expected to launch in the coming months. According to sources familiar with the matter, Anchorage Digital will serve as the fund’s custodian. With this move, Galaxy Digital aims to bring more crypto-native products to the market, complementing tokenized funds launched by traditional financial institutions such as BlackRock’s BUIDL (with a market value of approximately $2.2 billions) and Franklin Templeton’s BENJI. A Galaxy Digital representative declined to comment on the fund. The fund will focus on providing instant liquidity through tokenization technology and will draw on experience from existing products to optimize user participation.