Everything web3, crypto, defi, degen
In brief GSR Digital Asset Treasury Companies ETF will invest at least 80% of its assets in firms that hold cryptocurrencies in their corporate treasuries. The market maker’s registration statement to the SEC included proposals for four other funds that would focus primarily on Ethereum and staking. London-based GSR recently opened a U.S. asset management…
In brief Thumzup Media Corporation revealed plans to buy back up to $10 million worth of stock. TZUP shares were up about 6% on the day following the news, but are down sharply since early August. The firm holds about $4 million in crypto and has agreed to purchase a Dogecoin mining firm. Another crypto…
In brief Solana is underperforming major cryptocurrencies due to higher leverage exposure, facing $31.6 million in liquidations over 24 hours as investors deleverage and take profits. Recent corporate treasury moves by Forward Industries and DeFi Development Corp were already priced in, one analyst said, triggering a “buy the rumor, sell the news” sell-off once announced.…
In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset.The feature was…
In brief Bitcoin and Ethereum ETFs attracted $1.9 billion in net inflows last week, driven by investor optimism following the Federal Reserve’s first rate cut of the year. BlackRock’s iShares Bitcoin Trust dominated with $866 million in deposits, while XRP and Solana ETPs also saw strong demand at $69.4 million and $127.3 million respectively. Despite…
In brief Bitcoin mining firm AgriFORCE Growing Systems announced plans to begin an Avalanche treasury. The firm’s stock price skyrocketed following the announcement, rising over 200% on the day at one point. AgriFORCE is raising $300 million via a PIPE led by HiveMind Capital, and has added Anthony Scarmucci to its advisory board. The crypto…
The crypto landscape is evolving faster than ever before, drawing in a new wave of mainstream investors. We’re here to simplify that journey, making crypto investing smarter, more accessible and easier for everyone. That’s why we’re excited to launch Bundles – an innovative new feature in the Kraken platform that lets you buy diversified portfolios…
In brief Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday. The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was. The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and…
In brief Publicly traded firm Caliber has acquired $6.7 million worth of LINK as it builds out its Chainlink treasury. The firm intends to do more than accumulate LINK though, it will also integrate the Chainlink network into its daily business. Its next step is hiring the right fit with a history in real estate…
In brief Rex-Osprey launched XRP and DOGE ETFs, and the SEC debuted streamlined listing standards for commodity-based trust shares. Forward Industries became Solana’s first $1 billion treasury company, with Helius planning a $500 million SOL treasury raise KindlyMD shares dropped 54% after filing S-3 registration, releasing $200 million in discounted shares that created sell pressure…
