REX Shares is seeking approval for a new investment product that offers double the daily returns of TRON (TRX), the native asset of the Tron network, through leveraged exposure, according to a new SEC filing. The prospective fund, called the T-Rex 2X Long TRON Daily Target ETF, will carry a 1.5% management fee. It will
US crypto ETFs are experiencing significant developments this week, according to new data released today by market analyst Phoenix Group. As per the data, Bitcoin and Ethereum ETFs have witnessed substantial increases in inflows, with total inflows of $409 million recorded last week. These additions make the cumulative AUM (assets under management) for these crypto
Speaking on ‘Mornings with Maria’, Binance CEO Richard Teng described it as “exciting” that countries are starting to accept cryptocurrencies as part of their strategic reserves. Touching on many topics from his trip in Bhutan to new regulations in the US, Teng said that global crypto adoption is accelerating. Speaking about his visit to Bhutan,
Cryptocurrency asset manager Grayscale has released its new benchmark today, structured around its Crypto Sectors framework. The company announced new digital assets it is considering incorporating into its future investment products. Grayscale said the move is part of its vision to offer investors a broader range of cryptocurrencies. In its new list published by the
Coinbase has teamed up with Perplexity AI to bring real-time AI-powered, crypto data to traders, Coinbase co-founder and CEO Brian Armstrong announced on X. In a post on Thursday, Armstrong said the collaboration will undergo a two-phase integration. In the first phase, Perplexity will focus on Coinbase market data, including the COIN50 index, with the
Digital assets platform Nexo reported a 72% year-over-year rise in crypto-backed borrowing through the Nexo Card as users choose to hold their assets instead of selling, as per the information shared with Finbold on July 10. Nexo’s 2024 Card Report shows that over 100,000 Bitcoin (BTC) and 750,000 Ethereum (ETH) avoided being sold through users
The Bank of Korea (BOK) Governor Lee Chang-yong has expressed concern about the issuance of won-denominated stablecoins by non-bank entities. He shared his concerns during a press conference after the BOK’s Monetary Policy Committee decided to maintain the base interest rate at 2.50%. BOK Governor is worried about future confusion The topic of stablecoins has
Bitcoin jumped to a fresh all-time high price for the second day in a row Thursday, after crypto-friendly President Trump renewed his push to urge the Federal Reserve to cut interest rates. The price of Bitcoin jumped to $112,599 on Thursday, per data from CoinGecko, setting a new record for the leading cryptocurrency. Bitcoin is
Shares of Bitmine Immersion Technologies (BMNR), the ether ETH$2,782.62 treasury strategy firm helmed by Fundstrat’s Thomas Lee, slid 20% Thursday, extending a 40% drop from the previous day, as the company disclosed plans to raise up to $2 billion through a stock sale agreement. The selloff comes on the heels of Bitmine closing a $250