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Swiss National Bank (SNB) President Martin Schlegel stated at the bank’s 2025 General Assembly meeting that the SNB rejected adding bitcoin to its reserves, citing concerns over liquidity and volatility risks. As of the end of 2024, the SNB had indirect bitcoin exposure through

Ondo Finance (ONDO) makes a significant step towards Tokenization as it discloses a meeting with the US Securities and Exchange Commission’s (SEC) Crypto Task Force. According to the notice published on April 24, the meeting with the Decentralized Finance (DeFi) platform extensively covered the action around the “issuing and selling of wrapped tokenized versions of the US Securities, which are traded publicly.” Specifically, the discussion focused on registration requirements for tokenized securities, a possible launch of a regulatory sandbox, and compliance with financial laws. The crypto task force led by Hester Peirce is not ending there as they also announced another roundtable meeting today, April 25, to deliberate on custody. According to the information at our disposal, representatives of several renowned companies like WisdomTree, Anchorage Digital Bank, Kraken, etc, would be in attendance. Ondo Finance exists as a blockchain-based financial platform focused on tokenizing traditional assets. In December, it donated $1 million to Donald Trump’s inauguration fund. In March, its CEO, Nathan Allman, speculated that he could attend a white house event, underscoring his close relationship with the current administration. Prior to that, the platform announced a strategic partnership with MasterCard to expand access to Real-World Asset (RWA) tokenization, as indicated in our previous report. The price of ONDO has surged by 15% in the last 24 hours and 22% in the last seven days to trade at $1.01. According to our recent analysis , the asset could rise by 2x to 3x from the current position. The Roundtable discussion today forms part of the four-day (April 11, April 25, May 12, June 6) program, earlier announced to get experts’ positions on the current regulatory issues and how they can be solved. Today’s program will feature two panels. One would be about “Investment Adviser and Investment Company Custody,” while the other focuses on “Custody Through Broker-Dealers and Beyond”. While the opening mark would come from leading SEC figures like Paul Atkins, the participants, who include legal and academic experts, would join the discussion. Meanwhile, some of these experts have already declared their positions on the subject in the past. A partner at Dechert LLP, Neel Maitra, for instance, earlier labelled crypto custody as the “single greatest question facing the market participants.” Apart from this, the SEC has pledged to continue the crypto cases involving fraudulent activities. However, it has announced that it is walking away from lawsuits against Coinbase, Kraken, etc. Concerning this, U.S. Senator Elizabeth Warren recently submitted a formal letter to the Office of Inspector General (OIG) at the Securities and Exchange Commission (SEC) to launch an investigation into possible conflicts of interest. As mentioned in our previous article, Ripple was mentioned eight times in that letter, ranging from the company’s $5 million donation to the president’s inaugural committee and the appearance of CEO Brad Garlinghouse at the Whitehouse crypto summit.

Sell U.S. Stock Market Rallies, warns Bank of America's Chief Investment Strategist Michael Hartnett 🚨🚨

Decentralized finance (DeFi) is an emerging peer-to-peer financial system that uses block chain and cryptocurrencies to allow people, businesses, or other entities to transact directly with each other. The key principle behind DeFi is to remove third parties like banks from the financial system, thereby reducing costs and transaction times. ble of Contents Cryptocurrency Blockchain What Is Decentralized Finance (DeFi) and How Does It Work? By Rakesh Sharma Updated October 25, 2024 Reviewed by Amilcar Chavarria Fact checked by Jiwon Ma Part of the Series A Primer on Investing in Transformative Technology. WHAT Is DECENTRALIZED FINANCE (Defi) ?:- Decentralized finance (DeFi) is an emerging peer-to-peer financial system that uses blockchain and cryptocurrencies to allow people, businesses, or other entities to transact directly with each other. The key principle behind DeFi is to remove third parties like banks from the financial system, thereby reducing costs and transaction times. DeFiChain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market. DeFiChain is a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry. DeFi provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput, and security. The function set includes among others: Decentralized lending Decentralized wrapping of tokens Decentralized Pricing oracles Decentralized exchanges Transferable debts and receivables Decentralized Non-collateralized debt Asset tokenization Distribution of Dividends KEY TAKEAWAYS:- Decentralized finance, or DeFi, is an emerging peer-to-peer system attempting to remove third parties and centralized institutions from financial transactions. DeFi consists of cryptocurrencies, blockchain technology, and software that allows people to transact financially with each other. DeFi is still in its infancy and subject to hacks and thefts because of sloppy programming and a lack of security testing before applications are launched. How Decentralized Finance (DeFi) Works Through peer-to-peer financial networks, DeFi uses security protocols, connectivity, software, and hardware advancements. This system eliminates intermediaries like banks and other financial service companies. These companies charge businesses and customers for using their services, which are necessary in the current system because it's the only way to make it work. DeFi uses blockchain technology to reduce the need for these intermediaries. APPLICATIONS:- DeFi applications are designed to communicate with a blockchain, allowing people to use their money for purchases, loans, gifts, trading, or any other way they want without a third party. These applications are programs installed on a device like a personal computer, tablet, or smartphone that make it easier to use. Without the applications, DeFi would still exist, but users would need to be comfortable and familiar with using the command line or terminal in the operating system that runs their device. DeFi applications provide an interface that automates transactions between users by giving them financial options to choose from. For example, if you want to make a loan to someone and charge them interest, you can select the option on the interface and enter terms like interest or collateral. If you need a loan, you can search for providers, which could range from a bank to an individual who could lend you some cryptocurrency after you agree on terms. Important Decentralized finance does not provide full anonymity. Transactions do not include an individual's name but are traceable by anyone with the knowledge to do so. This includes governments and law enforcement, which, at times, are necessary for protecting an individual's financial interests. GOALS OF DECENTRALIZED FINANCE:- Peer-to-peer (P2P) financial transactions are one of the core premises behind DeFi, where two parties agree to exchange cryptocurrency for goods or services without a third party involved.

U.S. Senator Cynthia Lummis stated that the Federal Reserve’s recent withdrawal of certain crypto-related guidance is merely symbolic. She noted that the Fed continues to unlawfully obstruct crypto banks’ access to master accounts and still uses reputation risk in bank