Author: Max Bauer
VanEck, a prominent asset management firm, has announced that its Solana exchange-traded note (ETN) has successfully enabled the staking function in the European market. This marks a significant milestone for the ETN, which now offers investors the opportunity to earn staking rewards alongside exposure to Solana’s price. Solana Staking Rewards Will Be Reflected in Users’ Accounts on the Same Day The Solana ETN, incorporated in Liechtenstein, has an asset management scale (AUM) of $73 million. Staking rewards will be automatically included in the token equity of the ETN, reflecting in the daily terminal value. Mathew Sigel, head of digital asset…
Miami-based fiat-to-crypto payment gateway Transak has disclosed a data breach that impacted 1.14% of its user base. The breach, which occurred due to a phishing attack on an employee’s laptop, allowed an attacker to access sensitive personal data of over 57,000 users. Transak Has 5 Million Customers, About 57 Thousand People Affected by the Attack The Stormous ransomware gang has claimed responsibility for the hack, stating that they stole 300 gigabytes of data from Transak, including personal identification information, financial statements, and selfies used for KYC verification. While Transak assures that no assets or financially sensitive data were compromised, the…
Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed confidence in the company’s ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). In a recent statement, Alderoty suggested that the SEC’s appeal is unlikely to succeed and could even lead to a more favorable outcome for Ripple. Alderoty argued that the Second Circuit Court of Appeals will either affirm the district court’s ruling in favor of Ripple or expand upon it. He dismissed the possibility of a remand to the district court as a “remote hope” for the SEC. Moreover, Alderoty pointed out that during the SEC’s failed “interlocutory”…
Michael Saylor, the CEO of business intelligence firm MicroStrategy, has once again expressed his unwavering bullishness on Bitcoin. In a recent statement, Saylor predicted that Bitcoin’s price will appreciate at an annual rate of 29% for the next 21 years. This forecast would translate to a staggering price of $13 million per Bitcoin by the end of that period. Saylor emphasized that his shareholders share his optimism, as they are primarily invested in MicroStrategy due to their belief in Bitcoin’s potential. He added that those who oppose Bitcoin are likely shorting the stock, reinforcing his belief in the cryptocurrency’s long-term…
Charles Hoskinson, the founder of Cardano, has made a series of ambitious predictions about the future of the blockchain platform. In a recent statement, Hoskinson expressed his belief that ADA will eventually surpass both Bitcoin and Ethereum in terms of market capitalization and global adoption. According to Hoskinson, Cardano has achieved significant growth in just seven years, boasting a network valued in the billions, millions of users, and the largest research group in the blockchain industry. He attributed this success to the passion and dedication of Cardano’s community, especially young people. Looking ahead, Hoskinson foresees Cardano’s continued expansion. He predicted…
Solana-based memecoin exchange Pump.Fun made a splash today during an X Space event, announcing a powerful new trading terminal and teasing the potential launch of their own token. This news marks a significant development for the popular platform. Pump Advanced: Designed for the power user, Pump.Fun’s new trading terminal boasts a comprehensive feature set. Users can expect: Security and Flexibility: Pump Advanced integrates with the secure, non-custodial wallet provider Privy, allowing users to trade without surrendering control of their funds. Free Trading Period: To celebrate the launch, Pump Advanced will offer 0% trading fees for the first 30 days. The…
In a recent article, the Wall Street Journal raised concerns about the authenticity of Donald Trump’s rising odds on the cryptocurrency prediction market, Polymarket, suggesting that a significant portion of this support may be artificially inflated. Over the past two weeks, Trump’s chances of winning the upcoming November election have surged, with bettors currently giving him a 62% probability of victory, compared to Kamala Harris’s 38%. This shift is notable, especially considering that early October saw both candidates in a much tighter race. However, an investigation into the betting patterns reveals that four accounts on Polymarket collectively invested around $30…
In response to recent allegations regarding the potential misuse of the Scroll airdrop, the project’s development team has issued a statement clarifying the distribution process and the role of team and treasury wallets. The developers emphasized that the airdrop is designed to reward users who have actively participated in the Scroll ecosystem by bridging assets or interacting with eligible protocols. Marks, the token being distributed, are earned automatically by all participants, including project and team wallets. To address concerns about the purpose of these wallets, the team explained that they are primarily used to support the ongoing development and operation…
U.S. spot Bitcoin exchange-traded funds (ETFs) have reached a new milestone, surpassing their previous record for total net asset value (NAV). As of today, these funds collectively hold more than $66.1 billion worth of Bitcoin, surpassing the previous high of $62.6 billion set in early June. The continued influx of capital into these funds has been driven by a combination of factors, including a recent surge in Bitcoin prices and growing investor interest in cryptocurrency exposure. In the past week alone, these ETFs have seen net inflows of over $2.1 billion, marking their best week of inflows since early March.…
Cryptocurrency analysis firm QCP Capital has released its weekly analysis, predicting a continuation of the recent crypto rally driven by strong ETF inflows and a weakening Japanese yen. Bitcoin (BTC) surged 10.48% to a high of 69,000 this week, bringing the 70,000 psychological level within reach. With limited macro headwinds in the coming week, QCP Capital believes the rally could continue. The firm highlighted the substantial inflows into Bitcoin ETFs, totaling $203.3 million over the past six trading days. This consistent institutional demand, combined with the recent SEC approval for BTC ETF options, is expected to provide the ETF with…