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BlackRock Restructures Fund to Attract Stablecoin Issuers

The post BlackRock Restructures Fund to Attract Stablecocom. BlackRock Targets Stablecoin Market With New Fund BlackRock has restructured one of its money market funds to comply with the GENIUS Act, aiming to attract stablecoin issuers, John Steele, global head of products and platforms at BlackRock’s money management division, told CNBC. The fund in question, formerly the BlackRock Liquid Federal Trust Fund, has been renamed the BlackRock Select Treasury-Based Liquidity Fund (BSTBL), according to filings with the U. S. Securities and Exchange Commission (SEC). Previously, the fund invested in U. S. Treasury bonds and cash, but the new structure includes only short-term bonds and overnight repo transactions. The changes took effect on October 14, 2025. “We want to be and we believe we are the preeminent asset manager for stablecoin issuers,” Steele said. BlackRock already partners with Circle, the issuer of USDC, managing most of the firm’s reserves through the Circle Reserve Fund (USDXX). Steele noted that the restructuring aims to attract additional stablecoin issuers, offering them the same advantages currently available to Circle. USDXX’ fund. Steele added that BSTBL is fully compliant with the GENIUS Stablecoin Act, signed into law by former President Trump in mid-July 2025. “This will not only help our clients if they decide to issue a stablecoin, but it will also create new distribution opportunities,” Steele said. Other major asset managers and fintech firms are also adapting funds to serve stablecoin issuers. For example, Fidelity has introduced a treasury-based liquidity fund tailored to crypto-backed assets, while State Street recently extended trading hours on its money market products to support digital asset operations. Source:.

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Atlee directs Rs. 150 crores Ching’s Desi Chinese ad starring Ranveer Singh, Sreeleela and Bobby Deol

In what could easily be one of the grandest advertising projects in India, filmmaker Atlee, known for his blockbuster hits like Jawan and Theri, has directed a Rs. 150 crores commercial for Ching’s Desi Chinese. The mega ad film stars Ranveer Singh, Sreeleela, and Bobby Deol in leading roles bringing together an electrifying mix of Bollywood’s most dynamic stars under Atlee’s high-octane direction. The upcoming campaign is said to be mounted on a cinematic scale rarely seen in the advertising space, complete with elaborate sets, extensive VFX, and a multi-location shoot schedule. The production reportedly aims to blend Atlee’s signature massy storytelling with the quirky, high-energy brand persona that Ching’s Desi Chinese is known for. According to an independent industry source, “The ad campaign for Ching’s Desi Chinese, featuring Ranveer Singh, Bobby Deol and Sreeleela directed by Atlee, is being made on a massive budget of around Rs. 150 crores. This alone makes it one of the biggest ad campaigns ever executed, featuring celebrated stars and a huge budget.”This marks Atlee’s first commercial project after the massive success of Jawan, which starred Shah Rukh Khan and became one of India’s highest-grossing films. His collaboration with Chings and Ranveer Singh who previously fronted the brand in a series of humorous and action-packed ads signals a fresh and ambitious phase for the food brand’s marketing. With the addition of Bobby Deol, currently riding high after his web show The Ba***ds of Bollywood, and Sreeleela, one of South cinema’s fastest-rising stars, the project has already generated massive curiosity. The extravagant campaign is expected to redefine how Indian brands approach advertising with cinema-scale storytelling meeting brand creativity. Also Read: CONFIRMED! Ranveer Singh’s Dhurandhar trailer to drop on November 12.

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Tomonobu Itagaki, Creator of Dead or Alive and Ninja Gaiden Reboot, Has Died Aged 58

Tomonobu Itagaki, best known as the creator of the Dead or Alive series and the Ninja Gaiden reboot series, has died at the age of 58. Itagaki joined Tecmo in 1992 and would head Team Ninja. He was producer and director on the first four Dead or Alive games, the first two Ninja Gaiden reboot series that started in 2004, and more. He would leave Team Ninja in June 2008 and would form a new studio, Valhalla Game Studios, alongside several other Team Ninja employees. The developer would release Devil’s Third for the Wii U in 2015. It would eventually be dissolved in December 2021. However, Itagaki Games would be formed shortly after. Read a message posted on Itagaki’s personal Facebook page (translated by Gematsu) below: My Last Words The light of my life is finally about to fade. The fact that this message has been posted means that the time has come at last. I am no longer in this world. (This final message was entrusted to someone dear to me.) My life was a series of battles. I kept on winning. I also caused a lot of trouble. I take pride in having fought through to the end according to my own convictions. I have no regrets. However, I am filled with sorrow that I was unable to deliver a new work to my fans. I’m sorry. That’s how it is. So it goes. -Tomonobu Itagaki A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can follow the author on Bluesky. Full Article.