A wave of markdowns has erased over $80 billion from firms that adopted bitcoin treasury strategies, signaling a broader retreat from corporate crypto holdings.

The consortium aims to give smaller financial institutions access to tokenized deposits and crypto payments through a cooperative network.

The funding will support listing a security tied to a Luxembourg platform backed by a stockpile of high-purity nickel wire, expanding real-world asset tokenizat

The push comes after a weekend oil price move highlighted the gap when traditional futures markets are closed, aiming to broaden crypto-derivative use cases.

The launches follow a pattern of memecoin creators capitalizing on deaths of high-profile figures, similar to earlier campaigns for celebrities.