HomeNewsBlackRock's Entry into Crypto: $100M USDC Deposit Yields Memecoins and NFTs

BlackRock’s Entry into Crypto: $100M USDC Deposit Yields Memecoins and NFTs

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  • Users send memecoin and NFTs to BlackRock’s wallet, celebrating their foray into the crypto space in a unique way.
  • The BlackRock wallet receives RIO and USH tokens, demonstrating the community interaction and impact on the value of RIO.

This occurs due to an unexpected receipt of memecoins, based on Bitcoin up to a CryptoDickbutts series 3NFT . Analysts have identified the portfolio belonging to BlackRock by connecting it to the newly launched BlackRock USD Institutional Digital Liquidity Fund.

This fund, which trades on the Ethereum network under the ticker symbol BUIDL, was established in partnership with San Francisco-based Securitize Markets.

The purpose of the fund is to provide institutional investors with a new a venue to earn returns with blockchain tokenization. Early participants in the fund include Anchorage Digital Bank NA, BitGo, Coinbase and Fireblocks, which will provide infrastructure for custody and redemption of assets.

The launch of this fund has generated anticipation in the market, but in addition to serious discussions about how this move by BlackRock further legitimizes the crypto industry, some users have decided to celebrate the event by sending meme coins to BlackRock wallet.

Inside the BlackRock wallet are now 500,000 unshETHing_Token (USH) tokens and 10,000 Realio Network (RIO) tokens, added by anonymous users after the wallet’s address was discovered. Interestingly, the value of RIO has increased by 47% since these transfers were made

In a gesture that combines humor, anonymous users have decided to “flood” the BlackRock wallet with a range of meme tokens and collectible NFTs. Among the digital assets sent are tokens such as Pepe (PEPE), Cramer Coin (CRAMER) and VoldemortTrumpRobotnik-10Neko (ETHEREUM), as well as NFTs from various collections, including Chungos, Tubby Cats and KaijuKingz.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628