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Crypto
BlackRock remains optimistic on bitcoin despite weakness; global bond CIO says it will hit new highs again
Rick Rieder (릭 리더), BlackRock\'s global bond chief investment officer and head of its global asset allocation team, said he remains optimistic on bitcoin even during a sharp decline. He played down short-term volatility and said bitcoin could eventually rise to a higher level and reach a new record high again. Rieder said BlackRock keeps its bitcoin exposure conservative. He also pointed to large cash holdings in money market funds as potential fuel for rapid reallocation.
Crypto
Bitcoin fails to reclaim $77,000 as oil and Treasury yields rise
Bitcoin stayed below $77,000 and extended weakness as U.S. long-term Treasury yields rose to around 20-year highs, pressuring both risk and safe-haven assets. The 30-year U.S. yield climbed to its highest level since July 2007, adding downside pressure on stocks and triggering selling in gold and silver, with spot gold falling below $4,500. Analysts cited high yields and high oil prices as a double burden on bitcoin, while geopolitical uncertainty persisted.
Crypto
XRP Ledger used for tokenised government bond settlement in South Korea
Ripple\'s XRP Ledger (XRPL) has been used in South Korea to settle tokenised government bonds. Ripple worked with Kyobo Life Insurance to apply XRPL across issuance, settlement and custody of the bonds. The case aligns with Ripple CEO Brad Garlinghouse\'s recent push for onchain bond settlement and his criticism of slow, inefficient traditional systems. Market participants say the approach is already being implemented in part, including an April transaction in South Korea.
