Moody | Crypto

Moody’s finds growing institutional demand for tokenized money market funds, citing benefits in liquidity, compliance and operational efficiency. Tokenized short-term funds, a new class of digital financial products bridging traditional and decentralized finance, have grown to reach $5.7 billion in assets since 2021, according to a new Moody’s report.  The credit rating service sees growing interest from traditional asset managers, insurers, and brokerages looking to offer clients access between fiat and digital markets. “Tokenized short-term liquidity funds are a small but rapidly growing product,” notes a June 3 report shared with Cointelegraph. These funds, typically backed by US Treasurys or other low-risk assets, operate similarly to traditional money market funds but use blockchain to issue and manage fractional shares, enabling real-time settlement. Data from the Federal Reserve shows that US money market funds held approximately $7 trillion in total assets as of December 2024.  Read more

Bitcoin’s highest weekly close, Moody’s downgrades US, mini-crash hits alts - FOMO HOUR EP360 Crypto has mini-crash after BTC hits $107.1k. BTC weekly close at $106.5k, highest in history. US Senate may vote on GENIUS Act today. Basel Medical Group may buy $1bn BTC. Metaplanet buys another $104m BTC. Fed Bank of NY, BIS testing smart contracts. Alt season in summer or early 3Q: Hayes. 14 US states hold $632m of Strategy stock. Fifth Third to expand further in crypto. Crypto whales ramping up security: Bloomberg. France offers crypto entrepreneurs extra security. MetaMask to support SOL from this month: CEO. Phantom launches its SOL LST product (PSOL). DeFi Development Corp up 75% after BONK collab. Former Celsius CEO gets 12 years in prison. Blum co-founder arrested in Russia for fraud. UK asks crypto firms to report user, transaction data. 00:00:00 Recap of a Busy Weekend and Events 00:02:56 Latest Updates on Crypto Market Trends 00:06:09 Rising Bond Yields and Fiscal Concerns 00:09:26 Market Speculations an...

Bitcoin’s sharp sell-off from $107,000 was the result of profit taking, not contagion from Moody’s recent downgrade of US debt. Key takeaways: Bitcoin recovered from its sharp sell-off from $107,000, suggesting it functions as a hedge against uncertainty for investors reacting to Moody’s recent downgrade of US debt. Moody’s downgraded the US credit rating to Aa1, citing a $36 trillion debt and rising deficits, causing market turbulence and a spike in US Treasury yields. Read more

Crypto markets slipped alongside stocks after Moody’s cut the U.S. sovereign credit score to Aa1, triggering risk-off sentiment and fresh concerns over government debt and macro stability.

Moody’s downgraded the United States’ long-term credit rating from Aaa to Aa1 on May 16, marking the first time in history the agency has stripped the US of its top-tier status. The agency pointed to a decade of rising debt levels, escalating interest burdens, and a consistent failure by policymakers to enact meaningful deficit controls. […] The post Moody’s historic downgrade of US credit system could add fuel to Bitcoin safe-haven status appeared first on CryptoSlate.