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BlackRock $1.9B BUIDL fund’s 183% growth puts it behind just four stablecoins in tokenized dollar assets

BlackRock outpaces competition: BUIDL surpasses Ethena and Paxos in digital asset market.

CryptoSlate

Apr 2

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Happy Wednesday!

The crypto world continues to make waves with groundbreaking developments. BlackRock’s BUIDL fund has soared by 183% to $1.9 billion, solidifying its position as a major player in tokenized dollar assets, trailing only four stablecoins. Meanwhile, Senator Ted Cruz’s FLARE Act proposes a bold solution to repurpose flared gas for Bitcoin mining, offering tax incentives to drive innovation. Circle has officially filed for its IPO, aiming for a NYSE listing under the ticker ‘CRCL,’ despite a dip in net income compared to last year. And in lighter news, the crypto community celebrated April Fools’ Day with imaginative pranks, including Greenland acquisitions and Bitcoin poker restorations. Stay tuned for more updates on these dynamic shifts!

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The global crypto market cap is $2.78 trillion, with a 24-hour volume of $84.52 billion. The price of Bitcoin is $86,702.68, and BTC market dominance is 62.0%. The price of Ethereum is $1,900.01, and ETH market dominance is 8.3%. The best-performing sector is Jobs, which gained 8%. The Crypto Fear & Greed Index is currently Fear (44).