Oct 13: Federated Hermes to Issue First Directly Tokenized Fund Shares With Prometheum
BitMine Nears 5% ETH Supply Target, Pauses Accumulation · Meta Launches Muse Wonder, Claims AI Benchmark Leadership · Blur NFT Marketplace to Close After 99% Volume Drop
Market Snapshot
- Bitcoin (BTC): $83,360 (+0.73% 24h)
- Ethereum (ETH): $2,505.76 (−1.03% 24h)
- Solana (SOL): $106.69 (−3.25% 24h)
- Notable number: BitMine now holds 6.03 million ETH, 4.9% of supply
Top Stories
- Federated Hermes to Issue First Directly Tokenized Fund Shares With Prometheum
- Blur NFT Marketplace to Close After 99% Volume Drop
- BitMine Nears 5% ETH Supply Target, Pauses Accumulation
- Sberbank Receives Russian Crypto Trading Approval
- Meta Launches Muse Wonder, Claims AI Benchmark Leadership
Key Takeaways
- Institutional tokenization is accelerating, with asset managers like Federated Hermes moving from third-party to direct issuance of onchain fund shares.
- The NFT market continues to contract sharply, as evidenced by Blur’s 99%+ volume decline and subsequent shutdown.
- Corporate accumulation of ETH is nearing a plateau, with BitMine close to its 5% supply target and preparing to halt purchases.
- Regulated crypto trading is expanding in Russia, with Sberbank joining a growing list of authorized operators under new central bank rules.
- AI model competition is heating up, but vendor benchmarks should be interpreted with caution—independent rankings still show Anthropic’s Opus 5.5 in the lead.
What to Watch
The rollout of Federated Hermes’ tokenized fund shares in early 2027 will test demand for regulated onchain financial products in traditional markets. Blur’s shutdown could prompt further consolidation or innovation in the NFT sector. BitMine’s pause in ETH accumulation may influence market sentiment as the firm approaches its self-imposed cap. In Russia, the timeline and uptake of Sberbank’s crypto trading services will depend on forthcoming regulatory clarifications. Finally, expect further benchmarking and privacy scrutiny as Meta’s Muse Wonder models are adopted and evaluated by the broader AI community.