YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao, may open up to external investors, the Financial Times reported on Tuesday. The $10 billion investment company, which was rebranded from Binance Labs, is open to the possibility of converting into an investment fund, head of YZi Labs Ella Zhang said in an … Read more
Valour Digital Securities, a subsidiary of DeFi Technologies (DEFT), debuted its bitcoin BTC$115,989.45 staking exchange-traded product (ETP) on the London Stock Exchange, expanding the reach of a product that started trading in Germany almost a year ago. The 1Valour Bitcoin Physical Staking (1VBS) product offers professional and institutional investors exposure to bitcoin with an additional … Read more
Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana SOL$198.37 digital asset treasury field raising $300 million to accumulate the token. Announced on Thursday, the firm secured backing from UAE-based Pulsar Group, Cathie Wood’s ARK Invest, RockawayX and the Solana Foundation in a private investment in public equity … Read more
Cryptocurrency exchange Kraken has expanded its xStocks offering to millions of clients across the European Union, providing on-chain access to U.S. equities to investors in the region. The expansion enables eligible European investors to trade tokenized versions of popular U.S. stocks and exchange-traded funds (ETFs) directly through the Kraken app. “Expanding xStocks to the European Union was … Read more
Belarus President Aleksandr Lukashenko urged regulators to finalize long-delayed rules for cryptocurrencies and digital tokens, according to remarks reported by state news agency BelTA on Sept. 5. BelTA quoted Lukashenko as saying his 2023 instructions to craft comprehensive regulation had yet to produce approved documents. He called for “transparent rules of the game” and new … Read more
Opinion by: Shaaran Lakshminarayanan, co-founder of Mulitipli DeFi gold products are fundamentally broken. Despite Tether Gold having more than $800 million locked in tokenized gold with Paxos Gold sitting on almost as much, yields average under 1% while traditional finance generates 3%-5% on the same asset. The supposed innovation of blockchain technology somehow made gold … Read more
SmartGold, a gold-backed individual retirement account (IRA) provider, has partnered with tokenization platform Chintai Nexus to let U.S. investors put their gold holdings on blockchain rails and earn a yield in decentralized finance (DeFi) protocols. With the structure, IRA-held gold is tokenized 1:1 on Chintai’s regulated platform, then can be put to work as collateral … Read more
Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious. According to Bloomberg, margin trades outstanding in China’s onshore equity market surged to 2.28 trillion yuan ($320 billion) on Monday, surpassing the previous 2015 peak of 2.27 … Read more
Stellar’s native token XLM came under heavy institutional selling pressure in the latest trading session, falling from $0.39 to $0.36 between August 28 at 3:00 p.m. and August 29 at 2:00 p.m. ET. Market data shows more than 41.89 million XLM changed hands, with volumes surging as large holders reduced exposure. Despite the pressure, Stellar’s … Read more
A total of 13 wallets made more than a million dollars each trading Kanye West-linked YZY, according to data from Nansen. The YZY token was launched on Solana on Thursday by the rapper, with the top 13 wallets profiting a total of $24.5 million as they dumped the token. The YZY token spiked 1,400% within … Read more