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Jinse 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.

Jinse Finance reported that the Bank of America's September Global Fund Manager Survey shows that the British pound is considered the most overvalued currency in the past decade. According to the survey, currently 12% of investors (net proportion) believe that the pound is overvalued, whereas a month ago, a net 3% of investors thought the pound was undervalued, indicating a significant reversal in valuation expectations. This means that the current degree of overvaluation of the pound has reached its peak since December 2015. Data from the London Stock Exchange Group (LSEG) shows that as of this month (the period covered by the survey), the pound-to-dollar exchange rate has risen by about 1%; since the beginning of this year, the pound has appreciated by a total of 9% against the dollar.