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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
As institutional adoption of decentralized finance accelerates, BlackRock announced a strategic integration with the Ethena protocol. The deal gives BlackRock's institutional clients on the Aladdin platform access to Ethena's yield-generating token and a liquidity facility for BlackRock's tokenized products.
The move comes as the asset management sector increasingly embraces blockchain technology. BlackRock shares closed at $964.71 on June 26, near their weekly high. Ethena's token rose sharply following the announcement, reflecting market optimism about growing institutional DeFi adoption.
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Sign InOn the trading front, BLK is hovering around $964, with resistance near $984 (the June 26 high). While there are no clear near-term calendar catalysts, investors are watching for further announcements on BlackRock's DeFi expansion, which could drive additional growth.