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China’s Ant Digital Technologies, a unit of the Jack Ma-owned Ant Group, is tokenizing over $8 billion worth of energy infrastructure on its own blockchain network. That’s according to a Bloomberg report that cited sources familiar with the matter as saying the unit is in the process of tokenizing 60 billion yuan ($8.4 billion) of power infrastructure on the AntChain network.  The report said Ant Digital Technologies h as been monitoring the power output and outages for 15 million new energy devices in China, including solar panels and wind turbines, and uploading the data to its blockchain.  Ant Digital Technologies Plans To Issue Tokens For Energy Infrastructure It has already raised around 300 million yuan ($42 million) to finance three clean energy projects. The unit now plans to issue tokens linked to those assets. One of plans on the unit’s roadmap is to also offer tokens on offshore decentralized exchanges (DEXs) to create more liquidity for the ...

Cryptocurrency markets experienced a severe downturn following Bitcoin’s drop from its peak of $108,000. Federal Reserve Chair Powell’s comments about persistent inflation triggered widespread selling across digital assets. Major cryptocurrencies, including Ethereum, XRP, Dogecoin, and Solana, suffered substantial losses amid market uncertainty. The market correction led to massive liquidations totaling $1.2 billion in twenty-four hours. Despite the bearish sentiment, some meme coins like Fartcoin achieved significant gains. New cryptocurrency projects face challenging market conditions as investors become more cautious with investment decisions. New Cryptocurrency Releases, Listings, & Presales Today LIMITUS revolutionizes DeFi with automation, enhancing user productivity through intuitive AI-driven trading tools. RWA NOVA’s recent partnership with IPXHOP positions it for long-term growth in the digital asset space. Catslap’s recent token burns and reward...

Large financial companies, including JPMorgan Chase & Co., HSBC Holdings Plc, and Franklin Templeton, are moving to new systems built on the blockchain . Sandy Kaul, Chief Executive of wealth management firm Franklin Templeton, recently highlighted the transformative impact of blockchain technology on the global financial system, marking its most significant overhaul since the 1970s. This development, according to Kaul in an interview with Bloomberg, has opened the path for reengineering the financial markets on a global scale. Representatives from financial institutions are also noting a surge in the adoption of decentralized technologies, with Kaul emphasizing the rapid acceleration in technology adoption. “For the first time, you can see the pathway to us reengineering the global financial markets ecosystem.” Sandy Kaul, chief executive of Franklin Templeton The Wall Street giant’s latest blockchain initiative include JPMorgan’s first decentralized fi...