Author: NBTC

21Shares is set to launch its Hyperliquid ($HYPE) exchange-traded fund (ETF) today, May 12, according to a post on X by Bloomberg ETF analyst Eric Balchunas. The fund will trade under the ticker symbol ‘TYPE’ and carries a management fee of 0.30%. What the Hyperliquid ETF Means for Investors The launch of the Hyperliquid ETF marks a significant step in the ongoing integration of cryptocurrency assets into traditional financial markets. Hyperliquid ($HYPE) is a layer-1 blockchain and decentralized exchange (DEX) known for its high-speed trading infrastructure. By packaging this asset into an ETF structure, 21Shares is providing institutional and retail…

The Australian government is reportedly seeking to replace capital gains tax discounts on crypto and other assets with an inflation indexation tax, which could increase the taxes on long-term crypto gains. The Albanese government’s fiscal year 2027 budget, set to be released on Tuesday, would cut the current 50% capital gains tax discount alongside changes to housing investment taxes, the Australian Financial Review reported on Sunday, citing people familiar with the budget. Australian investors can currently claim a 50% capital gains tax discount on assets held for more than 12 months. The proposed indexation model would instead tax full real…

Bitget Wallet, an everyday finance app built to make crypto simple, secure, and usable in daily life, has extended QR payments across Latin America, bringing self-custodial crypto spending beyond Brazil to Argentina, Colombia, and Bolivia. The purpose of this extension is to help users in Latin America revolutionize their payment infrastructure. Bitget Wallet is collaborating with national QR systems across the region. This allows users to pay from their crypto wallets while merchants receive settlement via existing local rails. The launch of Bitget Wallet Card in the area provides a unique opportunity for stablecoin payments into the local QR-based retail…

Y Combinator, the influential Silicon Valley startup accelerator, has introduced a new initiative called ‘YC Crypto Deals’ aimed at providing blockchain and crypto infrastructure support to its portfolio companies. The program brings together major industry partners including Coinbase, Stripe, Circle, the Ethereum Foundation, the Solana Foundation, Tempo, and Phantom to offer resources such as ecosystem grants, gas credits, and technical infrastructure. What YC Crypto Deals Offers to Startups The program is designed to lower the barriers for Y Combinator-backed startups that are building on blockchain networks or integrating cryptocurrency payments. Partners will provide direct support in the form of financial…

Bitcoin BTC$68,358.29 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran. The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks, but markets largely brushed it off, with risk assets holding firm through the session. Bitcoin hovered just below $71,000 later in the session, up 3.8% over the past 24 hours. Altcoins outperformed, with ether (ETH), solana (SOL) and DOGE$0.09045 each gaining around 5%. Crypto-linked equities…

Circle, the company behind the $USDC stablecoin, has announced plans to launch cirBTC, a wrapped Bitcoin product designed to meet regulatory compliance standards. CEO Jeremy Allaire shared the news via X, stating that cirBTC will be fully backed 1:1 by Bitcoin held in direct custody by Circle, a regulated financial institution. What is cirBTC and How Will It Work? cirBTC is a tokenized version of Bitcoin that will operate on the Ethereum network and Circle’s proprietary Layer 1 blockchain, Arc. Unlike some existing wrapped Bitcoin products that rely on third-party custodians or decentralized bridges, cirBTC’s backing will be held directly…

Tom Lee, founder of Fundstrat and head of BitMine, the largest Ethereum company, has made new statements regarding Ethereum ($ETH). Tom Lee, who stated that he is very optimistic about $ETH, analyzed the reasons that caused the price to fall. Tom Lee, posting from account X, stated that Ethereum is facing selling pressure in the short term, particularly due to rising oil prices. Lee argues that the increase in oil prices over the past six weeks is the main reason for the decline in $ETH prices. Lee notes that the negative correlation between $ETH and oil prices is at an…

Crypto trading firm GSR has launched its first exchange-traded fund (ETF), entering a fast-growing segment of the digital asset market as investor demand for regulated crypto exposure continues to rise. The GSR Crypto Core3 ETF, trading under the ticker BESO on Nasdaq, offers exposure to three major cryptocurrencies, including bitcoin , ether (ETH) and solana (SOL). The fund carries a 1% management fee and includes both active portfolio management and the ability to earn staking rewards on eligible assets. The launch comes as crypto ETFs have gained traction with both retail and institutional investors seeking easier access to digital assets…

Canadian crypto users have long been forced into an awkward workaround: convert their loonies to US dollars, buy a USD stablecoin, then finally do something useful onchain. CADD, Canada’s first regulated Canadian dollar stablecoin, just landed on Coinbase’s Base network, and it’s designed to kill that extra step entirely. Launched on May 4 by Tetra Digital Group, CADD is pegged 1:1 to the Canadian dollar and backed by CAD reserves. It received regulatory approval from the Alberta Treasury Board and Finance, making it not just another stablecoin experiment but a fully sanctioned financial product operating within Canada’s regulatory framework. What…

Bank of England Governor Andrew Bailey has warned that international regulators could face a difficult confrontation with the United States over how stablecoins should be governed across global payment systems. According to Reuters, Bailey said at a conference on Friday that stablecoins would only function properly in international payments if regulators agreed on common standards, adding that discussions with the U.S. administration were likely to become a “coming wrestle.” Bailey’s comments came as the Trump administration continued backing stablecoin adoption through the GENIUS Act, which established a regulatory framework for issuers in the U.S. Dollar-backed stablecoins currently dominate the sector,…