Author: Vickie Helm

Key Highlights VanEck has enhanced its Solana Exchange Traded Note (ETN) in Europe by introducing automatic staking functionality, making it easier for investors to earn rewards. The non-custodial staking technique provides security by keeping delegated SOL in cold storage. Share this article VanEck has introduced new features to its Solana ETN in Europe, allowing for automatic staking and simplifying the process for investors to earn and access their staking rewards.When investors buy the VanEck Solana ETN, they are automatically enrolled in the staking program, with rewards calculated and distributed daily after a 25% staking fee is deducted.Matthew Sigel, who leads…

Disclosure: The perspectives and insights offered in this piece are those of the author alone and do not necessarily reflect the opinions of crypto.news editorials. It’s no surprise that prediction markets have emerged as one of the most fascinating uses of blockchain technology today, with betting volumes exceeding $3.1 billion in just the third quarter of this year. Polymarket, which is often referred to as cryptocurrency’s first significant application, has achieved what few blockchain projects have managed. It has gained broad recognition, influenced major events, and commands nearly all of the prediction market landscape with a 99% share. For instance,…

David Schwartz, the CTO of Ripple, has once again emphasized the significance of XRP in terms of pricing and settlement solutions. His recent remarks were in response to concerns from investors regarding XRP’s lackluster price movement since 2017. In his discussions, Schwartz highlighted that XRP hasn’t yet achieved its full potential in payment systems, even with its extensive availability and beneficial attributes. Ripple’s CTO stands firm Thinking back to a discussion from November 2017, Schwartz stated: There are assertions that XRP cannot maintain a low price if it aims to serve effectively as a medium for large-value payments. He clarified…

The cryptocurrency market has reached a significant milestone, with its total market capitalization exceeding $2.5 trillion for the first time since late July. This surge comes as Bitcoin approaches the critical $70,000 mark. Investors are curious whether this week’s economic reports will further propel the market. Moreover, with the US presidential election just around the corner in two weeks, the Kobisi letter notes that we can expect increased market volatility as the political climate intensifies. Key Economic Events: October 21st – 25th This Wednesday, data on existing home sales will be published, offering insights into the state of the housing…

Explore the newest updates in Spanish. Ethereum is currently approaching a significant resistance point around $2,640. Several analysts suggest that if Ethereum manages to break through this level, it could lead to a substantial price increase. As the entire cryptocurrency market gains momentum, investors are feeling hopeful and eager to see if Ethereum will follow Bitcoin’s recent surge. The overall market sentiment is positive, and traders are on the lookout for possible action from ETH in the near future. Notably, prominent analyst and investor Karl Runeveldt provided a technical breakdown that showcases a promising outlook for Ethereum in the upcoming…

On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) granted approval for Bitcoin ETF applications from 11 investment funds, including notable names like Fidelity, Grayscale, and BlackRock’s IBIT. This decision led to a surge in trading activity over the following month, as banks, investment funds, and individual traders began purchasing shares. Among those gradually expanding their holdings is Morgan Stanley. In its latest 13F-HR/A filing with the SEC, Morgan Stanley revealed that it had invested $272 million in Bitcoin ETFs by the end of the third quarter. While this amount appears substantial, it represents only 2% of the…

Established stablecoins, particularly USDT and USDC, continue to capture a larger portion of the market, solidifying their dominance. However, a new contender has emerged: PayPal’s PYUSD. Although it’s still in its infancy, recent statistics indicate that this new stablecoin is gaining traction, suggesting a possible shift in the market landscape. Changing Dynamics in Stablecoins According to a report from the investment firm Hashdex, the influence of stablecoins rose by 3% in the third quarter of 2024. Both USDT and USDC enjoyed a 1% growth, bringing their market shares to 5% each. In contrast, PayPal’s PYUSD, despite being smaller than its…

BlackRock, recognized as the largest asset manager globally, is looking to enhance its presence in the digital asset sector after the successful debut of its Spot Bitcoin and Ethereum ETF in 2024. Various asset management firms in the US are working to leverage their capital as a new revenue stream by marketing their asset BUIDL as a collateral option in the virtual currency derivatives space. BlackRock’s BUIDL: A New Player in Derivative Collateral According to a report from Bloomberg, BlackRock has begun offering BUIDL as collateral in the cryptocurrency derivatives arena. BUIDL, which stands for BlackRock USD Institutional Digital Liquidity…

Ethena has recently exhibited a significant bullish trend on its 1-day chart, indicating the potential for an increase of over 65% from its current price point. In the last week, Etena (ENA), a leading USDe stablecoin, has surged by 24.4%. As of October 14, its market capitalization exceeded $1 billion, with the current value standing at $1.14 billion—an impressive 200% increase since the lows experienced in September. The daily trading volume has surpassed $318 million. Market analysts have observed that Etena has emerged from several bullish patterns on the daily chart, making the case for additional price increases. A trader…

The U.S. Securities and Exchange Commission (SEC) has provided “early approval” for Bitcoin options exchange-traded funds (ETFs) to be listed on both the New York Stock Exchange (NYSE) and the Chicago Options Exchange (CBOE). In a filing dated October 18, the SEC confirmed that it has authorized the NYSE and CBOE to start listing and trading options related to Bitcoin ETFs. Options are financial instruments that give investors the right, but not the obligation, to buy or sell an asset at a predetermined price before a specified date, which can be classified as “call” or “put” options. This development is…