US real estate asset manager Patel Real Estate Holdings (PREH) has launched a $100 million tokenized fund on the Chintai blockchain to give accredited investors access to institutional real estate investments. The newly launched PREH Multifamily Residential Fund is a tokenized investment vehicle that focuses on older Class A multifamily units in the top 20 growth markets in the US. Its architecture is digitally native, covering compliance, reporting, capital raising, and potential secondary market transfers. The fund is part of a $750 million investment vehicle that PREH is developing with Carlyle, DRA Advisors, Walton Street Capital, RPM and KKR, among others. The initial 25 million dollars will be tokenized in Chintai. PREH said the structure alleviates the transparency and liquidity challenges of private market investments.
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Coinbase will launch PancakeSwap (CAKE). Trading will begin on or after 9 a.m. Pacific Time on June 12, 2025, subject to liquidity conditions being met.
Cross-chain infrastructure development company OneBalance announced the completion of a $20 million Series A financing round, led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV, bringing its total funding to $25 million. OneBalance aims to enhance the user experience of Web3 products with its cross-chain integration product Toolkit, which allows developers to enable seamless cross-chain transactions (such as transferring assets or earning revenue) for user...
The three major U.S. stock indexes gave up some of their gains, the S & P 500 index and the Nasdaq Composite Index turned lower during the day, and the Dow index is up 0.2%.
According to the Wall Street Journal, Vice President Vance and the White House chief of staff pushed Musk to repair his relationship with Trump after his dramatic public break with him and his fury with him. Vance has been quietly involved in the dispute, supporting Trump but refraining from criticizing Musk, which has allowed him to mediate. As vice president, Vance has positioned himself as both an attack dog and a problem solver.
US Senator John Thune, speaking on the GENIUS bill currently under consideration in the Senate, said: "It's clear that cryptocurrencies are here to stay, and it's time for them to go mainstream."
H100 Group announced the completion of a $10.50 million (approximately SEK 101 million) financing that will be used to expand its bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management and several family offices. The financing is divided into a 69.65 million krona share issue and a 31.35 million krona interest-free convertible bond, which can be converted into shares at 1.75 kroner per share. Since the initial purchase of bitcoin on May 22, H100 shares have risen ...
According to on-chain analyst Ember Monitoring, the giant whale/institution that made a profit of $30.45 million through two ETH bands] started the third ETH band buy: in the past half hour, 15,000 ETH was purchased through Wintermute using 42.30 million USDC at a buy price of $2,820.