What’s new: GSR has launched its first ETF built around three major tokens with active management layered on top. The fund holds Bitcoin, Ethereum and Solana, with weekly rebalancing to adjust market exposure, said GSR Managing Director of Asset Management, Andy Baehr on CoinDesk’s Public Keys. It includes staking rewards for Ethereum and Solana, adding
Crypto payments firm MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to launch MoonPay Institutional, a new unit built for large financial institutions looking to access crypto. Bloomberg reports, citing sources familiar with the acquisition, that it’s an all-stock deal worth about $100 million. The new unit will offer
A $20 million funding round led by Mike Novogratz’s Galaxy Digital (GLXY) is backing a push to use blockchain behind the scenes to overhaul the $6 trillion asset-backed finance market, where many deals still rely on manual workflows. The round, which included Parafi Capital and Crane Ventures, went to Fence, a startup building software to
The countdown has begun for the US Federal Reserve’s interest rate decision, eagerly awaited by the cryptocurrency and global markets. Accordingly, the Fed will announce its interest rate decision for April today, followed by an oral statement from Fed Chairman Jerome Powell. After three consecutive interest rate cuts that began in September last year, the
Belo, a Latin America-focused digital wallet that uses crypto rails for payments, has raised $14 million in a Series A round led by stablecoin issuer Tether. The round included Titan Fund, The Venture City, Mindset Ventures and G2. The company plans to use the funds to expand into Mexico, Chile, Colombia, Peru, Bolivia and Paraguay,
Japanese listed company Metaplanet, a firm aggressively accumulating Bitcoin, now launches a community-driven petition to block a proposed Tokyo Stock Exchange rule. The Japan Exchange Group (JPX) considers excluding companies holding over 50% of their assets in cryptocurrency from the Tokyo Stock Price Index (TOPIX). This move directly threatens Metaplanet, Remixpoint, and Anap Holdings. Metaplanet
The first prediction market-based ETF is set for launch next week, marking a major milestone in the evolution of event-driven investing. Bloomberg ETF analyst James Seyffart confirmed the news on X, stating that U.S. investment firm Roundhill has scheduled its launch for May 5. This groundbreaking financial product allows investors to place bets on which
Prominent wealth manager Ross Gerber has slammed Robinhood following its latest quarterly report. The financial pundit has described the retail trading platform as nothing more than a “gambling app.” The company’s Q1 report has shown a massive drop in cryptocurrency volumes. The shares of Robinhood (HOOD) have tumbled by roughly 8% in post-market trading. “Nothing
The cryptocurrency market faces a growing crisis as token generation events (TGEs) increasingly serve as a cash-out exit for project teams, according to Anand Gomes, CEO of the decentralized exchange Paradex. Speaking on a recent podcast, Gomes argued that many projects launch tokens without building a viable product, cashing out quickly and abandoning their communities.