LAUNCHCOIN, a token associated with the SocialFi platform Believe, rallied as high as 500% today amid ecosystem growth. Formerly known as PASTERNAK, named after Believe founder Ben Pasternak, Launch Coin on Believe (LAUNCHCOIN) hit an all-time high of $0.093 on…

LAUNCHCOIN leads crypto market with 500% rally, what is Launch Coin on Believe?

On Tuesday, May 13, the cryptocurrency market is valued at $3.33 trillion, 
marking a 0.44% increase in the past 24 hours. While bitcoin posted a 10% 
weekly rise, ethereum’s striking 44% climb—paired with a wave of double-digit 
gains across several altcoins—has prompted growing speculation that the often- 
discussed ‘Altcoin Season’ may be near. Crypto Market Swells […]

Is This the Start of ‘Altcoin Season’? Bitcoin Nears Record High as Altcoins Ignite

Investment firm VanEck is launching a tokenized real-world asset (RWA) fund 
that offers exposure to US Treasury bills, developed in partnership with 
tokenization platform Securitize. The initiative places VanEck among a growing 
number of traditional finance firms entering the RWA tokenization space.
The fund, called VBILL, will be initially available on Avalanche, BNB Chain, 
Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund&#8217;s 
minimum subscriptions start at $100,000 for investments running on Avalanche, 
BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 
million.
VanEck joins a burgeoning field of traditional financial firms that have 
launched RWA tokenized funds, with competitors including BlackRock and 
Franklin Templeton. In January, Apollo, an investment firm with $751 billion 
in assets under management, also launched a private credit tokenized fund.
With a market capitalization of $6.9 billion, US Treasurys are among the 
largest asset classes in tokenized funds, second only to private credit, 
according to data from RWA.xyz.
VanEck&#8217;s partner, Securitize, has tokenized over $3.9 billion in assets. In 
May 2024, it raised $47 million in a strategic funding round led by BlackRock.
_US Treasury tokenized market over time. Source:__RWA.xyz_
Tokenization of real-world assets has many benefits that outpace traditional 
finance systems, including faster settlement times and liquidity to previously 
illiquid assets, advocates say.
_**Related:**__**&#8217; Everything is lining up&#8217; &#8212; Tokenization is having its 
breakout moment**_
## SEC Chair Atkins on RWA tokenization
At the Securities and Exchange Commission&#8217;s (SEC&#8217;s) roundtable on May 12, 
Chair Paul Atkins compared the moving of securities onchain to the transition 
of songs from analog to digital.
&#8220;Just as the shift to digital audio revolutionized the music industry, the 
migration to onchain securities has the potential to remodel aspects of the 
securities market by enabling entirely new methods of issuing, trading, 
owning, and using securities,&#8221; Atkins said.
&#8220;Blockchain technology holds the promise to allow for a broad swath of novel 
use cases for securities, fostering new kinds of market activities that many 
of the Commission&#8217;s legacy rules and regulations do not contemplate today,&#8221; he 
added.
_**Magazine:**__**Ethereum is destroying the competition in the $16.1T TradFi 
tokenization race**_

VanEck to launch its first RWA tokenization fund

Fartcoin has maintained a strong bullish structure, but recent resistance at 
$1.42 suggests a possible pause in momentum. A consolidation range may be 
forming before the next major breakout. After a powerful rally, Fartcoin 
(FARTCOIN) is showing early signs of…

Bullish buildup or silent but deadly? Fartcoin’s next move could be explosive

Virtuals Protocol token continued rising and is hovering at its highest point 
since January 31 as smart money investors&#8217; accumulation accelerated. Virtuals 
Protocol (VIRTUAL) token jumped to $2.15 on Tuesday, its highest level since 
January 31, and 375% above its…

VIRTUAL price rare pattern points to a 375% surge as smart money buys

The daughter of a prominent cryptocurrency executive narrowly escaped an 
attempted kidnapping by masked assailants in central Paris on Tuesday morning, 
with police linking the incident to organized crime. Paris Anti-Gang Unit 
Probes Daylight Abduction Attempt Linked to Crypto Industry The 34-year-old 
woman, whose father leads a major cryptocurrency exchange, was targeted around 
8:20 a.m. […]