Category: crypto

VanEck has launched a new ETN tied to the SUI token from the Sui blockchain network, available on Euronext Amsterdam and Euronext Paris. The ETN tracks the MarketVector Sui Network VWAP Close Index and is fully backed by SUI tokens held with Liechtenstein’s Bank Frick. SUI’s high performance and user-friendly design led VanEck to select…

The Cardano Foundation released its first Financial Insights Report, revealing $478.24 million in assets as of Dec. 31, 2023. Majority of assets are in ADA and Bitcoin. The report highlights expenses in operational resilience, education, and adoption, with earnings primarily from staking rewards. The Foundation emphasizes transparency and plans to release an Activity Report in…

Federal Reserve Governor Christopher Waller expressed skepticism about the need for a central bank digital currency (CBDC) in the US payment system during a speech in November. He questioned the necessity of CBDCs and advocated for market-driven solutions. US lawmakers, including Patrick McHenry, have also opposed CBDCs due to privacy and surveillance concerns. Louisiana and…

BitMEX founder Arthur Hayes believes Bitcoin will continue to outperform traditional assets as the US adopts a state-led capitalism model similar to China under Trump’s administration. Hayes projects Bitcoin reaching $1 million as inflation and a weakening dollar drive its value higher. He advises investors to focus on Bitcoin for wealth preservation.

Ethereum exchange-traded funds (ETFs) received $295.5 million in inflows on Nov. 11, the highest since launch. Fidelity’s FETH led with $115.5 million, followed by BlackRock’s ETHA at $101.1 million. Grayscale’s Ethereum Mini Trust had $63.3 million in inflows. Institutional support, including the Michigan Retirement System’s investment, is driving growth.

During a presentation at DevCon in Bangkok, Ethereum Foundation researcher Justin Drake introduced the Beam Chain proposal, a transformative upgrade to Ethereum’s consensus layer. The proposal aims to bring Ethereum up to date with the latest blockchain technology, prioritizing faster finality and higher throughput. It also includes reducing staking requirements and enhancing security measures. Development…

Coinbase has launched the Coinbase 50 Index (COIN50) to track the top 50 cryptocurrencies by market capitalization. The index aims to provide a comprehensive view of the crypto market by selecting and weighting assets based on market size. COIN50 includes a diverse range of sectors within the industry and has outperformed the market with a…

Canary Capital has filed an application for a spot HBAR ETF, which has surprised market analysts who are unfamiliar with Hedera and its native token HBAR.

Robinhood CEO Vlad Tenev discussed the efficiency benefits of crypto operations compared to traditional finance on CNBC. He highlighted lower costs and improved customer service in the crypto business model. Tenev believes that stablecoins and tokenization will drive broader crypto adoption, reshaping the financial landscape. Regulatory changes could make the US a global leader in…

Tether has minted $5 billion worth of USDT stablecoin in a week, contributing to Bitcoin’s rise. This increased supply aligns with market optimism, with Bitcoin reaching new highs. Tether also launched an open-source wallet development kit (WDK) to streamline non-custodial wallet integration, supporting human users and emerging digital entities.