Grayscale launches staking for its Ethereum and Solana ETFs
Grayscale’s ETHE, ETH, and GSOL products will start offering staking rewards for Ethereum and Solana. A major investment manager made a move that could fundamentally change how crypto ETFs work. On Monday, Oct. 6, Grayscale added staking capabilities to its…...
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BitMine Immersion Added $821M in Ether, Bringing Cash and Crypto Holdings to $13.4B
BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm led by Fundstrat’s Thomas Lee, continued to buy ether (ETH) adding 179,251 tokens to its balance sheet through last week, worth roughly $820 million at current prices. With the latest purchase, the firm’s ETH stash surpassed 2.83 million tokens,...
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CoinDesk 20 Performance Update: Bitcoin (BTC) Rises 1.5% Over Weekend
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4363.76, up 0.3% (+11.08) since 4 p.m. ET on Friday. Five of 20 assets are trading higher. Leaders: BTC (+1.5%) and ETH (+1.3%)....
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Galaxy Takes on Robinhood, Coinbase With 4%-8% Yield App; Stock Jumps 8%
Shares of Galaxy Digital rose 8% in premarket trading Monday as the company rolled out GalaxyOne, a mobile and web platform built to give retail investors access to a blend of cash, crypto, and equity investing tools, with yield at the core. The app gives users access to FDIC-insured...
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Figure Is a Blockchain Pioneer in Credit Markets, Says Bernstein, Initiating at Outperform
Bernstein initiated coverage of Figure (FIGR) with an outperform rating and a $54 price target, calling it a leader in bringing blockchain to credit markets, the broker said in a Monday report. The stock was 2% higher in early trade, around $41.10. Bernstein said Figure is doing for lending...
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XRP price builds bullish momentum at $2.70 as 200 Moving Averages holds
XRP price is showing signs of bullish momentum as the price continues to hold above the 200-day moving average. The support confluence between the moving average, point of control, and Fibonacci zone signals potential for a rebound toward higher resistance…...
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CELO Crypto Soars +25% On Nightfall Launch. Is This The Breakout Moment For Enterprise-Grade Crypto Payments?
Imagine working outside your home country and wanting to send some money back home, say $500. Traditional remittance apps charge high fees, take days and sometimes require your relatives to travel to a bank or an agent. Now flip that! What if they could receive the money instantly on...
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Strategy Q3 Bitcoin Gains Were $3.9B; No Weekly Buys for First Time Since April
With the third quarter now fully in the books, the original bitcoin treasury company Strategy (MSTR) reported a $3.9 billion gain on its mammoth holdings of BTC for that three month period. Alongside, the compnay confirmed what had been teased by its Executive Chairman Michael Saylor over the weekend...
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Stablecoin Surge Could Trigger $1T Exit From Emerging Market Banks: Standard Chartered
The sharp rise in stablecoin usage could drain as much as $1 trillion from emerging market banks over the next three years as savers seek the safety and liquidity of dollar-pegged digital assets, Standard Chartered said in a Monday report. Stablecoins are giving households and companies in developing economies...
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Litecoin Poised For Action: Falling Wedge Breakout Could Rewrite The Trend – Here’s How
According to a recent post by CRYPTOWZRD, Litecoin’s latest daily close showed signs of indecision, reflecting a pause in market momentum. However, attention is now shifting to the LTC/BTC pair, which appears to be on the verge of a falling wedge breakout — a technical setup that could pave...
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