The $2.5 billion BUIDL fund, tokenized by Securitize, deepens its utility for institutional traders and expands to a new blockchain.

The firm’s CEO says it has ‘filed everything that falls under the generic listing standards’ as SEC approval barriers remain high.

Monitoring shows that the unknown whale has opened a 25 times leveraged BTC long position with a current value of $67 million, while still holding a 25 times leveraged ETH long position in two wallets with a floating loss of $3.6 million. （Onchain Lens）

[Former Software Company CFO Embezzles $35 Million to Invest in DeFi, Convicted of Wire Fraud] Nevin Shetty, the former CFO of a software company in Washington State, was found guilty by a federal jury on four counts of wire fraud for unauthorizedly transferring $35 million of company funds into his self-created crypto platform and investing in high-risk DeFi protocols. In 2022, after learning he would be terminated, Shetty secretly moved the funds, initially earning approximately $133,000 in profits. However, following the collapse of the Terra ecosystem in May 2022, the investment was nearly wiped out. He later admitted to his actions and was dismissed by the company. Shetty is scheduled for sentencing next February and faces a maximum of 20 years in prison.

Grant Cardone, founder of Cardone Capital, a real estate company with a market value of $4.7 billion, discussed with Cointelegraph reporters how to combine cash flow abundant physical assets with Bitcoin to build a more resilient and scalable financial structure. （Cointelegraph）