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Binance Wallet Launches SpaceX Tokenized Stock Subscription Campaign, Users with 200 Alpha Points Can Get 500,000 Staking Quota
that, according to an official announcement, Binance Wallet will launch the SPCXx IPO Campaign, offering eligible users the opportunity to subscribe to tokenized SpaceX shares through xStocks. The subscription window is from 16:30 to 12:00 (UTC+8) on June 11 to June 12.The announcement indicates that the subscription target is the SpaceX tokenized stock SPCXx, with an indicative price of 135 USDC per share, corresponding to an implied valuation of approximately $1.75 trillion. Subscriptions are supported in USDC, with a minimum subscription amount of 100 USDC, and a 5% underwriting service fee will be charged.This event employs a Binance Wallet Alpha Points interval quota mechanism, where users with Alpha Points greater than 0, 40, 100, and 200 can obtain corresponding staking quotas of 20,000, 100,000, 200,000, and 500,000, respectively. Users with successful subscriptions will receive the SPCXx token after the issuance is completed.Binance stated that SPCXx does not represent direct ownership of SpaceX shares. Holders do not have shareholder rights such as voting rights or dividend rights, and a subscription application does not guarantee final allocation.
Alpha Compute Acquires Majority Stake in GAMEE for Approximately $11 Million
Nasdaq-listed Alpha Compute has announced the completion of its acquisition of a majority stake in GAMEE, a gaming and digital rewards platform, securing a 60% controlling interest. The transaction has now met all regulatory and closing conditions.According to the agreement, Alpha Compute acquired GAMEE from Animoca Brands for a consideration of approximately $11 million, implying an enterprise valuation of roughly $18 million. The transaction structure includes cash, stock, and future performance-based earnouts, along with an EBITDA milestone incentive clause over two years. Additionally, approximately 878 million GMEE tokens associated with Animoca are also included in the transaction arrangement.Following the transaction, Alpha Compute will establish a new AI gaming division named Alpha Games, with GAMEE founder Bozena Rezab serving as Executive Vice President. GAMEE will be integrated into Alpha Compute's AI infrastructure system, working in synergy with its GPU computing platform.
BNB Eco-DeFi platform Eleutheria Completes $5 Million Strategic Round, with Participation from Alpha Capital
Eleutheria, a decentralized finance platform on the BNB ecosystem, has announced the completion of a $5 million strategic funding round, with participation from Alpha Capital. Valuation details have not been disclosed yet. The new funds will support its efforts to build on-chain financial services through trustless code-driven DeFi and immutable smart contracts. (Asksurf)
Sportix, a sports AI data infrastructure company, has raised $3.2 million in funding, with participation from Animoca Brands and others.
According to an official announcement, Sportix.AI has raised $3.2 million to build AI-powered sports intelligence infrastructure. The company stated that this funding marks a significant milestone in advancing its team’s long-term vision. Backers of this round include CoinvestorV, Animoca Brands, Becker Ventures, X21 Digital, and Alpha Capital.
New Fire Technology Acquires Avenir Group Trading Team and Launches Bitcoin Asset Management Service
Odaily News New Fire Technology (1611.HK) announced on April 22 that it will acquire the investment team and trading system of Li Lin's family office, Avenir Group, for $1.6 million. Following the acquisition, New Fire Technology plans to launch a Bitcoin-denominated asset management service named Alpha BTC, aiming to attract investments exceeding 10,000 Bitcoins within a year, valued at approximately $760 million. The strategy will generate returns through derivative trading such as options, using Bitcoin or the IBIT ETF as underlying assets. Target clients include crypto-native investors and local Hong Kong enterprises. As of the end of 2025, Avenir Group held 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million.
Binance Alpha will remove multiple tokens on June 30
According to an official announcement, based on the latest review, the following tokens no longer meet the Binance Alpha standards and will be removed from the recommended list on June 30, 2026, at 10:30 (UTC): TTD (TradeTide), OIK (SpaceNation), LUNAI (LunabyVirtuals), TOWN (Alt.town), VINU (VitaInu), PUP (PUP), CYPR (Cypher), DGRAM (DatagramNetwork). After removal, users can still withdraw or sell these tokens on Binance Alpha.
Analysis: On-chain data sends bearish signals, Bitcoin rebound faces sustained selling pressure
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio
Binance Alpha Removes DIGI, SKI, and 11 Other Tokens
according to an official announcement, based on a recent review, Binance will remove the following tokens from its featured list at 06:00 UTC on May 29, 2026: DIGI (MineD), K (Sidekick), SKI (SKIMASKDOG), JOJO (JOJOWORLD), PLAYSOLANA (PlaySolana), 恶俗企鹅 (William Tell Penguin), PAL (Palio), TYCOON (DinoTycoon), HIPPO (sudeng), LN (LnfiNetwork), BNBXBT (BNBXBT), and BOOM (Boom). After removal, withdrawal or sell operations will still be permitted on Binance Alpha.
Alpha Compute Acquires Majority Stake in GAMEE for Approximately $11 Million
Nasdaq-listed Alpha Compute has announced the completion of its acquisition of a majority stake in GAMEE, a gaming and digital rewards platform, securing a 60% controlling interest. The transaction has now met all regulatory and closing conditions.According to the agreement, Alpha Compute acquired GAMEE from Animoca Brands for a consideration of approximately $11 million, implying an enterprise valuation of roughly $18 million. The transaction structure includes cash, stock, and future performance-based earnouts, along with an EBITDA milestone incentive clause over two years. Additionally, approximately 878 million GMEE tokens associated with Animoca are also included in the transaction arrangement.Following the transaction, Alpha Compute will establish a new AI gaming division named Alpha Games, with GAMEE founder Bozena Rezab serving as Executive Vice President. GAMEE will be integrated into Alpha Compute's AI infrastructure system, working in synergy with its GPU computing platform.
Binance will remove 19 non-compliant tokens on May 14, 2026
According to an official announcement, based on a recent review, the following tokens do not meet the Binance Alpha standards and will be removed from the selected list on May 14, 2026 at 06:00 (UTC): PRAI, COMMON, PINGPONG, TAKER, JANITOR, GATA, KLINK, CORL, SWTCH, ARIAIP, LONG, ZKWASM, GORILLA, ECHO, LITKEY, FIR, GM, DELABS, DONKEY, WHY. After removal, users can still withdraw or sell these tokens through Binance Alpha or the Binance wallet.
Binance Alpha to Delist 23 Tokens, Including REX, on April 30
According to the official announcement, following a recent review, the following tokens—deemed non-compliant with Binance Alpha standards—will be removed from the Recommended List at 09:30 UTC on April 30, 2026: REX (Revox), XO (XocietyToken), TANSSI (TANSSI), DARKSTAR (DarkStar), YALA (Yala), RCADE (RCADE), RDAC (Redacted), SKATE (Skate), OVL (OverlayProtocol), SLAY (SatLayer), Ghibli (Ghiblification), Ghibli (GhibliCZ), PHY (DePHYNetwork), VLR (Velora), SVSA (SavannaSurvival), WBAI (WhitebridgeNetwork), EDGEN (LayerEdge), FAIR3 (FairandFree), MM (MOMOFUN), BUBB (Bubb), AICell (AICell), XLAB (Dexlab), and SIGHT (EmpireofSight). After removal, these tokens will still be supported for selling or withdrawal via Binance Wallet.
Bybit Launches New Rewards Program Bybit Galaxy, Encouraging Diverse Platform Interactions
Bybit has announced the launch of a new rewards program, Bybit Galaxy, which for the first time unifies diverse interactions across the exchange into a single reward system. This encompasses multiple segments including trading, wealth management, fiat, payments, and interactive tasks, shifting the reward focus from trading volume to the entire platform product line.Users can earn Galaxy Points in two ways:Bybit users can earn Galaxy Points through the following two methods:1. Accumulate points by trading designated Galaxy trading pairs. Points are calculated based on effective trading volume, with a minimum starting threshold of $2.2. Complete daily tasks, which involve seven Bybit products: Wealth Management, Fiat, Lending, TradFi, Alpha, Bybit Card, and Bybit Pay.Users can start earning points upon their first visit to the Bybit Galaxy page, with no registration required. They can continue to climb the leaderboard through trading, borrowing, depositing, spending, and staking.Points can only be redeemed via the prize pool. The effective points threshold will be dynamically generated based on the value of each prize pool.The event begins on July 27, 2026, at 10:00 (UTC).
Fidelity Investments Expands Institutional SMA Product Line, Adds 8 Custom and Model Strategies for Wealth Management Firms
: Asset management firm Fidelity Investments announced the expansion of its institutionally managed Separately Managed Account (SMA) product line, adding 6 custom strategies and 2 model strategies for Registered Investment Advisors (RIAs) and brokerage clients, aiming to enhance personalized investment services for high-net-worth clients.The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity strategy and the Fidelity Institutional Tax-Managed Fundamental Equity strategy. Both strategies cover large-cap core, growth, and value investment styles, combining Fidelity's long-term active management capabilities with customized SMA service models.Among them, the Enhanced Equity strategy employs a benchmark-tracking framework, seeking excess return opportunities through diversified alpha factors; the Fundamental Equity strategy is based on a systematic portfolio construction process combined with high-conviction individual stock selection.Fidelity stated that the above strategies are now available to RIA firms through its customized SMA platform. This platform integrates with the Fidelity Wealthscape brokerage platform, helping wealth management firms handle client account opening, strategy customization, execution, and portfolio monitoring.Amanda Robinson, Head of Wealth Advisor Management Solutions Distribution at Fidelity, noted that as investor demand for personalized investment experiences continues to grow, particularly with the expanding base of ultra-high-net-worth clients, wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.Since launching its institutional customized SMA product line in 2022, Fidelity has expanded the number of standardized SMA strategies to 50, while also supporting advisors in combining multiple indices or strategies to form custom allocation solutions based on client needs.Additionally, Fidelity launched two equity model SMA strategies, including the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA. These are available to RIA and brokerage clients and can be integrated into a Unified Managed Account (UMA) structure to achieve more comprehensive and tax-optimized investment management.Currently, Fidelity offers 8 active equity model SMA strategies covering U.S. equities, sectors, and international stock markets. Additionally, 5 factor model strategies and 2 index model strategies are available through the Fidelity Managed Account Xchange (FMAX) and third-party platforms.Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management. This team comprises over 250 quantitative analysts, data scientists, and technologists, leveraging long-accumulated proprietary da
某巨鲸持续清仓币安人生，已套现逾 940 万美元
According to monitoring by on-chain analyst EmberCN (@EmberCN), an early whale continues to take profit on Binance Alpha. Within half an hour after Binance Alpha launched last October, this address spent only 2.14 BNB (approximately $2,480) to buy 18.5 million tokens, achieving approximately 5,000x profits. In the past two days, the whale transferred 7 million tokens (approximately $4.95 million) to Binance for profit-taking yesterday, and today transferred another 3 million tokens (approximately $2.09 million) to Binance. In total, 13.5 million tokens have been sold, cashing out approximately $9.42 million, with 5 million tokens (approximately $3.41 million) still remaining on-chain.
Bitfinex 报告：BTC 或已接近阶段性底部，Strategy 卖出未引发市场过度恐慌
Bitfinex Alpha 最新报告指出，Strategy 近期进行了首次大规模比特币出售，但市场表现出较强韧性，并未出现明显抛售压力，7 月走势目前保持积极。现阶段约 1083 万枚 BTC 处于未实现亏损状态，而约 922 万枚 BTC 仍保持盈利，市场尚无法完全判断投资者是否已经消化近期资金流变化，但现货交易量并未完全反映此前大规模资金流出的影响，因此可能接近熊市底部形成阶段。 随着 ETF 资产配置变化以及资金流重新转正，7 月比特币市场可能迎来新的变量。随着长期持有者及部分巨鲸重新积累，比特币正在从低信念持有者向更高信念投资者转移，未来 2至 3 个月可能成为确认阶段性底部的重要窗口。
AKE whale continues to dump 9.825 billion AKE, AKE drops 33% today
Odaily reports, according to on-chain analyst EmberCN's monitoring, three days ago, an AKE whale transferred 3.944 billion AKE worth $1.22 million to Binance Alpha for dumping, causing AKE to drop 40% that day, with the price falling from $0.0005 to $0.0003. Over the past few hours today, the AKE whale continued to transfer 9.825 billion AKE worth $2.24 million to Binance Alpha and dumped them on-chain, leading to another 33% drop in AKE, with the price falling from $0.0003 to $0.0002.
Binance Alpha will remove multiple tokens on June 30
According to an official announcement, based on the latest review, the following tokens no longer meet the Binance Alpha standards and will be removed from the recommended list on June 30, 2026, at 10:30 (UTC): TTD (TradeTide), OIK (SpaceNation), LUNAI (LunabyVirtuals), TOWN (Alt.town), VINU (VitaInu), PUP (PUP), CYPR (Cypher), DGRAM (DatagramNetwork). After removal, users can still withdraw or sell these tokens on Binance Alpha.
Gate prediction market focuses on League of Legends LCK showdown, T1 support rate reaches 79% overpowering KT Rolster
as the esports event prediction market continues to heat up, the League of Legends LCK (Legends Group Round 3-4) is featuring a marquee matchup: T1 will face KT Rolster at 18:00 (UTC+8) on July 29. According to the latest data from the Gate prediction market, T1 currently holds a support rate of approximately 79%, while KT Rolster stands at around 22%. The Gate prediction market closely follows global sports and esports hotspots, continuously enriching trading scenarios to deliver an efficient and seamless one-stop prediction experience for users.Gate is launching the "Esports Peak Trading Season" from July 20, 16:00 to August 10, 16:00 (UTC+8), with a total prize pool of 200,000 USDT. After registering, users who participate in designated esports event prediction trades on the Gate prediction market can unlock newcomer benefits, weekly task rewards, and compete on the esports prediction trading leaderboard. As the first centralized exchange to integrate with Polymarket, Gate has become a key gateway for users to engage with prediction markets. Users can access Gate Polymarket via the Alpha section on the Gate App homepage, using USDT in their accounts to conveniently participate in prediction market trades for popular esports events and championship outcomes. Users can also leverage the "Smart Money" feature to track the positions and market judgments of high-win-rate traders, gaining additional reference for esports event predictions. Gate is continuously expanding the application scenarios of its prediction market, offering users a diversified prediction trading experience covering popular esports events and other major happenings.
Binance Alpha will list AEON on July 27 and open airdrop claims
According to the official announcement, Binance Alpha will be the first to list AEON (AEON) on July 27. Eligible users can claim the airdrop using Binance Alpha points on the Alpha event page after trading opens.
：Ethereum privacy project Aztec launches v5 execution layer Alpha version
Odaily , an Ethereum privacy infrastructure project, announced the launch of the complete v5 Execution Layer Alpha version, introducing several cryptographic optimizations aimed at enabling client-side zero-knowledge proof generation in seconds on mobile phones and consumer-grade laptops.Aztec stated that the v5 execution layer reduces the computational burden required for local proof generation by optimizing the zero-knowledge proof generation process, allowing users to complete privacy transaction proofs without relying on large servers. This improvement is expected to further drive the development of zero-knowledge technology towards mass-market applications. (The Block)
Fidelity Investments Expands Institutional SMA Product Line, Adds 8 Custom and Model Strategies for Wealth Management Firms
: Asset management firm Fidelity Investments announced the expansion of its institutionally managed Separately Managed Account (SMA) product line, adding 6 custom strategies and 2 model strategies for Registered Investment Advisors (RIAs) and brokerage clients, aiming to enhance personalized investment services for high-net-worth clients.The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity strategy and the Fidelity Institutional Tax-Managed Fundamental Equity strategy. Both strategies cover large-cap core, growth, and value investment styles, combining Fidelity's long-term active management capabilities with customized SMA service models.Among them, the Enhanced Equity strategy employs a benchmark-tracking framework, seeking excess return opportunities through diversified alpha factors; the Fundamental Equity strategy is based on a systematic portfolio construction process combined with high-conviction individual stock selection.Fidelity stated that the above strategies are now available to RIA firms through its customized SMA platform. This platform integrates with the Fidelity Wealthscape brokerage platform, helping wealth management firms handle client account opening, strategy customization, execution, and portfolio monitoring.Amanda Robinson, Head of Wealth Advisor Management Solutions Distribution at Fidelity, noted that as investor demand for personalized investment experiences continues to grow, particularly with the expanding base of ultra-high-net-worth clients, wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.Since launching its institutional customized SMA product line in 2022, Fidelity has expanded the number of standardized SMA strategies to 50, while also supporting advisors in combining multiple indices or strategies to form custom allocation solutions based on client needs.Additionally, Fidelity launched two equity model SMA strategies, including the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA. These are available to RIA and brokerage clients and can be integrated into a Unified Managed Account (UMA) structure to achieve more comprehensive and tax-optimized investment management.Currently, Fidelity offers 8 active equity model SMA strategies covering U.S. equities, sectors, and international stock markets. Additionally, 5 factor model strategies and 2 index model strategies are available through the Fidelity Managed Account Xchange (FMAX) and third-party platforms.Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management. This team comprises over 250 quantitative analysts, data scientists, and technologists, leveraging long-accumulated proprietary da
Bybit Alpha has now launched Jimothy trading
Bybit Alpha has now launched Jimothy trading. Jimothy is a meme coin on the Solana blockchain, based on a viral video of a short-tailed raccoon from Seattle, which quickly gained popularity through its cute and quirky "mutant raccoon" image. The current on-chain price is approximately $0.007, with a market cap of $6.95 million.
Gate Alpha Robinhood Chain Trading Contest is Now Live, with a Total Prize Pool of $30,000
Odaily reports, according to official sources, Gate Alpha is launching a Robinhood Chain trading contest from 17:00 on July 17 to 16:00 on July 22 (UTC+8). After users click "Join Now" to complete registration, trading any token assets on the Robinhood Chain will qualify them to share in a $30,000 USDT airdrop reward. Sprint Trading Award: During the event, users with a cumulative trading volume on the Gate Alpha platform for Robinhood Chain assets (including both buys and sells) of ≥ $1,000 will proportionally share the $30,000 USDT airdrop reward based on their trading amount. Please visit the Gate Alpha zone, search for the Robinhood Chain token contract address, and participate in trading.Gate Alpha now supports popular public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless cross-chain token trading through contract address search functionality, breaking down cross-chain trading barriers to provide one-click access to all on-chain tokens.
Related news
Gate prediction market focuses on League of Legends LCK showdown, T1 support rate reaches 79% overpowering KT Rolster
as the esports event prediction market continues to heat up, the League of Legends LCK (Legends Group Round 3-4) is featuring a marquee matchup: T1 will face KT Rolster at 18:00 (UTC+8) on July 29. According to the latest data from the Gate prediction market, T1 currently holds a support rate of approximately 79%, while KT Rolster stands at around 22%. The Gate prediction market closely follows global sports and esports hotspots, continuously enriching trading scenarios to deliver an efficient and seamless one-stop prediction experience for users.Gate is launching the "Esports Peak Trading Season" from July 20, 16:00 to August 10, 16:00 (UTC+8), with a total prize pool of 200,000 USDT. After registering, users who participate in designated esports event prediction trades on the Gate prediction market can unlock newcomer benefits, weekly task rewards, and compete on the esports prediction trading leaderboard. As the first centralized exchange to integrate with Polymarket, Gate has become a key gateway for users to engage with prediction markets. Users can access Gate Polymarket via the Alpha section on the Gate App homepage, using USDT in their accounts to conveniently participate in prediction market trades for popular esports events and championship outcomes. Users can also leverage the "Smart Money" feature to track the positions and market judgments of high-win-rate traders, gaining additional reference for esports event predictions. Gate is continuously expanding the application scenarios of its prediction market, offering users a diversified prediction trading experience covering popular esports events and other major happenings.
Bybit Launches New Rewards Program Bybit Galaxy, Encouraging Diverse Platform Interactions
Bybit has announced the launch of a new rewards program, Bybit Galaxy, which for the first time unifies diverse interactions across the exchange into a single reward system. This encompasses multiple segments including trading, wealth management, fiat, payments, and interactive tasks, shifting the reward focus from trading volume to the entire platform product line.Users can earn Galaxy Points in two ways:Bybit users can earn Galaxy Points through the following two methods:1. Accumulate points by trading designated Galaxy trading pairs. Points are calculated based on effective trading volume, with a minimum starting threshold of $2.2. Complete daily tasks, which involve seven Bybit products: Wealth Management, Fiat, Lending, TradFi, Alpha, Bybit Card, and Bybit Pay.Users can start earning points upon their first visit to the Bybit Galaxy page, with no registration required. They can continue to climb the leaderboard through trading, borrowing, depositing, spending, and staking.Points can only be redeemed via the prize pool. The effective points threshold will be dynamically generated based on the value of each prize pool.The event begins on July 27, 2026, at 10:00 (UTC).
Binance Alpha will list AEON on July 27 and open airdrop claims
According to the official announcement, Binance Alpha will be the first to list AEON (AEON) on July 27. Eligible users can claim the airdrop using Binance Alpha points on the Alpha event page after trading opens.
Binance Alpha will launch an airdrop today at 19:00, with a points threshold of 256.
According to the official announcement, Binance Wallet announced that Alpha airdrop claims will open at 19:00 tonight. Users with at least 256 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event ends.
：Ethereum privacy project Aztec launches v5 execution layer Alpha version
Odaily , an Ethereum privacy infrastructure project, announced the launch of the complete v5 Execution Layer Alpha version, introducing several cryptographic optimizations aimed at enabling client-side zero-knowledge proof generation in seconds on mobile phones and consumer-grade laptops.Aztec stated that the v5 execution layer reduces the computational burden required for local proof generation by optimizing the zero-knowledge proof generation process, allowing users to complete privacy transaction proofs without relying on large servers. This improvement is expected to further drive the development of zero-knowledge technology towards mass-market applications. (The Block)
Fidelity Investments Expands Institutional SMA Product Line, Adds 8 Custom and Model Strategies for Wealth Management Firms
: Asset management firm Fidelity Investments announced the expansion of its institutionally managed Separately Managed Account (SMA) product line, adding 6 custom strategies and 2 model strategies for Registered Investment Advisors (RIAs) and brokerage clients, aiming to enhance personalized investment services for high-net-worth clients.The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity strategy and the Fidelity Institutional Tax-Managed Fundamental Equity strategy. Both strategies cover large-cap core, growth, and value investment styles, combining Fidelity's long-term active management capabilities with customized SMA service models.Among them, the Enhanced Equity strategy employs a benchmark-tracking framework, seeking excess return opportunities through diversified alpha factors; the Fundamental Equity strategy is based on a systematic portfolio construction process combined with high-conviction individual stock selection.Fidelity stated that the above strategies are now available to RIA firms through its customized SMA platform. This platform integrates with the Fidelity Wealthscape brokerage platform, helping wealth management firms handle client account opening, strategy customization, execution, and portfolio monitoring.Amanda Robinson, Head of Wealth Advisor Management Solutions Distribution at Fidelity, noted that as investor demand for personalized investment experiences continues to grow, particularly with the expanding base of ultra-high-net-worth clients, wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.Since launching its institutional customized SMA product line in 2022, Fidelity has expanded the number of standardized SMA strategies to 50, while also supporting advisors in combining multiple indices or strategies to form custom allocation solutions based on client needs.Additionally, Fidelity launched two equity model SMA strategies, including the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA. These are available to RIA and brokerage clients and can be integrated into a Unified Managed Account (UMA) structure to achieve more comprehensive and tax-optimized investment management.Currently, Fidelity offers 8 active equity model SMA strategies covering U.S. equities, sectors, and international stock markets. Additionally, 5 factor model strategies and 2 index model strategies are available through the Fidelity Managed Account Xchange (FMAX) and third-party platforms.Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management. This team comprises over 250 quantitative analysts, data scientists, and technologists, leveraging long-accumulated proprietary da