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  • 1/23/25: BlackRock Pushes for Wall Street’s Future 🪨🗽💸

1/23/25: BlackRock Pushes for Wall Street’s Future 🪨🗽💸

Author

Valko
January 23, 2025

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Top News

  1. BlackRock CEO Larry Fink pushes SEC to approve asset tokenization

  2. World Liberty Financial adds $9.8M in Wrapped Bitcoin holdings

  3. Justin Sun reveals TRON's plan for zero-fee stablecoin transactions

Specs’ Insights

1. BlackRock CEO Larry Fink pushes SEC to approve asset tokenization

⌐◪-◪ → Larry is a crypto bull.

Larry Fink, CEO of BlackRock, just said live on CNBC that he wants the SEC to “rapidly approve the tokenization of bonds and stocks.” This reflects a growing push from traditional finance to integrate blockchain technology into its core systems, potentially revolutionizing how assets are traded, settled, and managed.

TradFi is sick of legacy infrastructure and ready for a platform with global liquidity and 24/7/365 operations.

For context, BlackRock invested $47M in Securitize last year, a leader in tokenized securities, and even brought on former Grayscale CEO Michael Sonnenshein as COO. Securitize could be the bridge that brings Wall Street into the on-chain era.

It’s clear that all forms of value will eventually be tokenized, with trading activity settling on-chain. The only real question is when and on what chain.

Join Specs.Chat to see what the hivemind thinks!

2. World Liberty Financial adds $9.8M in Wrapped Bitcoin holdings

⌐◪-◪ → World Liberty is accumulating.

World Liberty Financial, Trump’s DeFi project, has purchased another $9.8M in Wrapped Bitcoin (WBTC), bringing their total holdings to $57M.

If you want to track their wallet in real time, check it out on Arkham Intelligence.

While degens chase altcoins and memecoins, the president’s DeFi project is averaging into Bitcoin and Ethereum. Recently, they transferred 10,000 ETH ($33M) into Lido Finance, sparking optimism about staking features being included in spot ETH ETFs.

SEC Commissioner Hester Peirce (aka “Crypto Mom”) has even hinted she’s open to revisiting staking rules for ETFs, which could signal a major regulatory shift. Anon, you are not sufficiently bullish.

Join Specs.Chat to see what the hivemind thinks!

3. Justin Sun reveals TRON's plan for zero-fee stablecoin transactions

⌐◪-◪ → Justin Sun is scheming!

TRON, led by Justin Sun, is working on a feature to enable zero-fee transactions for stablecoins.

This move aims to eliminate transaction fees entirely, making stablecoin transfers frictionless, fast, and accessible. If successful, it could significantly boost adoption, onboarding millions into web3.

Meanwhile, Trump’s World Liberty project just purchased $2.65M in TRX as their WLFI token sale nears completion, with less than 10% of tokens left.

It’s unclear what this connection means for Sun and TRON, but it seems he may have friends in high places, which could help propel his zero-fee stablecoin initiative forward.

Join Specs.Chat to see what the hivemind thinks!

Everything Else

📈 Market Snapshot

  • Bitcoin → $103,963.68 ▼ 0.78% (24h)

  • Ethereum → $3,233.00 ▼ 1.53% (24h)

  • XRP → $3.12 ▼ 2.01% (24h)

  • Solana → $246.74 ▼ 3.75% (24h)

  • BNB → $685.85 ▼ 1.31% (24h)

  • Dogecoin dumps as DOGE agency removes meme from website

  • Solana becomes 1st chain in history to break $200B/mo DEX volume

  • Real-world asset TVL rises to $7.3B as gov. securities dominate

⛓️ Crypto & DeFi

🏦 Wall Street

  • NASDAQ official X account hacked to promote memecoin

  • K33 Research says $TRUMP memecoin has 'horrendous' tokenomics

  • Bitwise files for Dogecoin ETF in Delaware

  • Goldman Sachs CEO says Bitcoin is not a threat to the dollar

  • BlackRock CEO Larry Fink forecasts $700k BTC price

  • CME says XRP, SOL futures leak was an error, no decisions made

  • 2025 will be a year the year of self-custody, says OKX Hong Fang

  • Pension funds could push BTC to $200k, says Standard Chartered

🚀 Venture Capital

  • Corn raises $8.3M in community funding to increase adoption

  • Keplr raises $5M seed round at $50M valuation

  • SOON L2 raises $22M via NFT sale ahead of mainnet launch

🏛️ Legal & Regulatory

  • Jump sues former Firedancer engineer for starting rival business

  • Harry Jung to lead CFTC’s crypto arm under interim chief Pham

  • CFTC Chair Pham clears out top-ranking staff for hard reset

  • Vitalik Buterin calls on U.S. gov. to pardon other ETH developers

  • Coinbase asks U.S. court to say on-platform trades aren’t securities

  • Better Markets urgest appeals court to back SEC in Ripple case

🌎 Rest Of The World

  • Saudi Prince investment firm shuns crypto investments

  • Taiwan plans to draft new law on virtual set service providers

  • WazirX gets Singapore court approval to repay victims

  • Binance Labs rebrands to YZi Labs

🖼️ NFTs & Metaverse

  • John McAfee’s wife launches AI memecoin called AIntivirus

  • Azuki to launch ANIME coin today

  • Abstract announces launch partners

  • Yuga Labs hints at token for BAYC & Otherdeed holders

  • Jesse Pollak calls upon CryptoPunks to build the future of crypto

  • Yuga Labs is “open to offers” on Punks IP, but has to be the right buyer

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