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BlockBeats News, March 6th: BlackRock CEO Larry Fink stated that the financial services sector has a significant number of intermediaries, lengthy settlement cycles, and cumbersome processes. If every asset could be digitized and transition seamlessly from digital wallets holding cash or stablecoins to stocks or bonds, this would dramatically reduce friction costs and transaction costs. Currently, there is $4.1 trillion in funds in global digital wallets. When individuals want to invest in bonds, stocks, or real estate transactions, they need to move funds from digital wallets to traditional wallets, incurring various commissions and fees. The concept of tokenizing all assets, including real estate, aims to significantly reduce these friction costs, making investments easier and simpler. It will facilitate a more fluid investment process.

BlockBeats News, March 6, according to PR Newswire, crypto asset management company Bitwise Asset Management announced its second donation to Ethereum open-source developers, with a donation amount of $100,000, granted to two Ethereum open-source developer organizations: Protocol Guild and PBS Foundation. Bitwise stated yesterday that, as part of its annual commitment to support Bitcoin open-source developers, it donated $233,000 to Bitcoin open-source developers. This year, Bitwise Bitcoin Spot ETF (BITB) has achieved significant growth, and this donation marks the second annual round of the plan to donate 10% of BITB's gross profits each year, as promised at the launch of BITB.

According to Glassnode data, XRP's holder cost basis has been breached, with SOPR dropping from 1.16 to 0.96. This situation is similar to the consolidation phase from September 2021 to May 2022, triggering panic selling in the market. (Cointelegraph)