It's been a week of notable price recovery for crypto assets, with bitcoin (BTC) crossing the $71,000 mark, up 8.2% for the week, while ether (ETH) rose 7.7%. The Nasdaq Crypto Index (NCI) experienced a significant uptick of 8.0%, buoyed by robust inflows into the spot bitcoin ETFs.

Over $1B in US Treasury Notes has been tokenized on public blockchains

The market for tokenized US government securities has skyrocketed since January 2023, exceeding $1 billion, a sign of increased demand and acceptance of blockchain technology within traditional finance. Tokenized Treasuries signal a shift toward more modern and innovative financial practices.

London Stock Exchange will start market for bitcoin and ether ETNs

The London Stock Exchange plans to roll out BTC and ETH exchange-traded notes for professional investors on May 28. The announcement aligns with ongoing efforts to establish the UK as a more crypto-friendly hub.

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