Author: James Wilson
21Shares’ Bitcoin Ethereum Core ETP, ABBA, will be listed on Deutsche Börse’s Xetra platform as the firm reduces the product’s management fee by 0.49%. In a recent press release, the world’s largest cryptocurrency exchange-traded product issuer said it would be cutting down the management fee for its Bitcoin (BTC) Ethereum (ETH) Core ETP ABBA, ahead of its listing on the Xetra exchange. The firm’s Bitcoin Ethereum Core ETP, ABBA, is fully backed by BTC and ETH, two of the largest cryptocurrencies by market cap. The product is also securely held in institutional-grade custody. Starting from March 12, ABBA’s management fee…
Tether CEO Paolo Ardoino has defended the company’s role in the U.S. financial system, stating that its $115 billion in treasury holdings make U.S. debt more resilient. Speaking at a rBitcoin Policy Institute event on Mar. 11, Ardoino argued that Tether’s (USDT) investment helps diversify and strengthen U.S. debt. “We’ve done more for financial inclusion than anyone else,” he stated. “And while doing that, we’re buying back U.S. debt. If we were a country, we’d be the 18th largest holder of U.S. Treasuries.” Tether maintains dominance in the stablecoin market, commanding 63% of the market share and a $143 billion…
South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April. South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with vice chairman Kim So-young saying the government is developing a “two-phase crypto regulation framework” that extends beyond existing user protection laws. During a March 12 meeting with local crypto industry experts, Kim also revealed that the plan includes stablecoin rules and a legal structure for token securities, adding that the authorities are “speeding up efforts to align with global regulatory…
The United States Securities and Exchange Commission has officially acknowledged Nasdaq’s proposal to list and trade shares of the Grayscale Hedera Trust. According to a March 11 notice, the SEC has acknowledged Nasdaq’s 19b-4 filing for a commodity-based trust holding HBAR, which aims to give investors regulated exposure to the native token of the Hedera Network. This commodity-based trust structure holds HBAR directly, with shares representing fractional ownership of the trust’s HBAR holdings. However, unlike a spot ETF, it does not allow direct redemptions, meaning shares may trade at a premium or discount to the actual asset value. BNY Mellon…
Binance is expanding its spot trading offerings with new USDC-based spot trading pairs for an array of tokens launching on March 13. On March 12, the leading crypto exchange announced that it will provide trading support for a number of new spot trading pairs, which include CVC/USDC (USDC), EURI/USDC, SYN (SYN) /USDC, USDC/RON, and VELODROME/USDC. Trading will start on March 13 at 08:00 UTC. Aside from the other tokens, RON is the Romnian leu fiat currency that can now be traded with Circle’s USDC. Additionally, the Binance will also enable Trading Bots services for the aforementioned trading pairs once trading…
Decentralized perpetual contracts trading platform dYdX has updated its near-term roadmap which details improvements focused on enhancing speed and user experience as well as rollout of new trading features. According to its near-term (next two months) roadmap update, dYdX (DYDX) plans to improve its website stability during periods of high trading activity by reducing downtime, stale data, and throughput constraints. Additionally, the platform will make both the deposit and withdrawal process easier and faster, enabling users to access their funds on the dYdX Chain in less than a minute, compared to the typical18+ minute wait. The website’s front-end interface will…
Sony’s Soneium blockchain is partnering with LINE to bring four mini-apps on-chain in the next few months, in hopes of expanding web3 adoption among the social platform’s users. According to a press release sent to crypto.news, Soneium is preparing to launch a series of mini-apps on LINE in the next few months. This collaboration opens up new opportunities for web3 expansion, especially in regions where LINE is the dominant digital platform. By bringing blockchain-powered applications to LINE, Soneium hopes to simplify access to popular web3 gaming apps for users through a seamless integration. The firm hopes to onboard new users…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As SHIB and Pi struggle to prove their real-world use, Remittix’s PayFi solution is capturing attention with its $13.8m presale and growing investor interest. Remittix keeps heads spinning by breaking more than $13.8 million in presale, selling 518 million tokens for $0.0734. The growing interest is coming as investors are putting SHIB, PI, and RTX against one another in a fight to lead as long-term prospects. With SHIB still failing to gain a solid footing as a top memecoin…
Ethereum price is still trying to recover the $1,900 mark as weak DeFi metrics and increased competition weigh on its price. Due to decreased liquidity and investor participation, the network’s total value locked decreased from $63 billion in January to $44 billion in February, according to DefiLlama data. Stablecoin inflows have slowed down, indicating a slower capital rotation into Ethereum (ETH) protocols. The data also shows that decentralized exchange trading volumes are down, from $92 billion in December to $82 billion in February. As other chains like Hyperliquid (HYPE) and Solana (SOL) register growing perpetual futures trading volumes, futures trading…
ARKM rallied as high as 55% after securing a listing on the South Korean crypto exchange Upbit but lost most of its gains within hours. In a March 11 X post, Upbit Korea announced that it had added the altcoin to its USD market, with trading starting at 16:00 KST on Tuesday, March 11, 2025. Arkham (ARKM) formed a “god candle,” surging from $0.47 to $0.70 within 10 minutes following the announcement. Its market cap exceeded $220 million at that time, while its daily trading volume hovered around $154 million. The gains also coincided with Arkham Exchange’s launch in China…