[ad_1] Binance, the world’s largest cryptocurrency exchange, is offering digital asset managers special accounts that allow pooling of their investors’ assets to make crypto fund management operations feel more like a traditional finance experience. The omnibus “Fund Accounts” introduce a universal net asset value (NAV) per unit concept used by buyside firms to provide a clear and trackable profit-and-loss for each fund, addressing the lack of a common market standard in crypto asset management, Binance said on Wednesday. Unlike the rarified world of high finance, crypto trading is still developing from a relatively unsophisticated retail market into a more institutional-friendly…
Author: NBTC
[ad_1] Grayscale is accelerating its ETF expansion as the company seeks new avenues for growth amid increasing competition in the crypto ETF market. Grayscale, a leading asset management firm specializing in crypto investment products, is planning an expansion of its ETF lineup. According to Fortune’s interview with CEO Peter Mintzberg, the company has already increased its monthly launches or regulatory filings from one product in 2024 to five per month in 2025. The ramp-up comes as the firm struggles to maintain its edge after losing the fee advantage that once set its core product GBTC apart. The U.S. Securities and…
[ad_1] Solana (SOL), dubbed the “Ethereum killer,” has recorded significant gains in a key metric to justify that name. In the last 24 hours, Solana’s chain fees have outranked those of Ethereum (ETH) as the two crypto assets continue to battle for users’ attention. Solana tops Ethereum in daily fees despite lower TVL Data from DefiLlama shows that SOL earned $1.49 million in fees in the period under consideration. This was from its Total Value Locked assets worth $8.841 billion. Despite having a higher Total Value Locked of $58.741 billion, Ethereum could only manage chain fees of $1.09 million. This…
[ad_1] American businessman Paul Atkins has been officially sworn in as the 34th chair of the U.S. Securities and Exchange Commission (SEC). These are the top facts about Wall Street’s new top cop. Fact 1. Opposing the post-Enron Sarbanes–Oxley Act Atkins, who was appointed as an SEC commissioner by former President George W. Bush back in 2002, strongly opposed the bipartisan Sarbanes–Oxley Act, which was passed to improve corporate auditing standards and financial reporting following major scandals such as Enron. The libertarian was speaking out against the Act’s sweeping regulatory provisions. Atkins has also opposed significant penalties for corporate wrongdoing.…
[ad_1] South Korean exchange Upbit has announced that it will suspend deposits for SNX, following a recent trade warning from the Digital Asset Exchange Alliance. According to a recent notice from the crypto exchange, the Synthetix (SNX) token has been labeled a “trading caution item” by the Digital Asset Exchange Association or DAXA. As a result, the crypto exchange has decided to suspend deposits for SNX starting from April 24 at 15:00 KST. Synthetix is a decentralized finance protocol built on Ethereum (ETH) that lets users create and trade synthetic assets, known as Synths, which mirror the value of other…
[ad_1] Gamma Strategies, a popular platform offering market-making and liquidity management solutions, has announced a new partnership with Yaka Finance, a Sei Network-built DeFi platform. The collaboration focuses on redefining Sei Network’s liquidity provision. The platform revealed this initiative on its official social media account. Super excited to partner with @YakaFinance! We have a lot of good things coming up in the pipeline! https://t.co/D5DmaTQzp3 — Gamma (@GammaStrategies) April 26, 2025 Gamma Strategies Joins Forces with Yaka Finance to Boost Sei Network’s Liquidity Management As a part of this collaboration, Gamma Strategies will provide its advanced technology to Yaka Finance. Specifically,…
[ad_1] It’s been a rough few years for Cathie Wood. Once a thought leader and Bitcoin visionary who reached dizzying heights via her ARK Invest funds, she’s now tallying losses that reach well into 11 figures. On May 27, 2021, Wood was at her peak of fame. Her starry-eyed projections of futuristic AI, healthcare, crypto, and automation technologies earned her a spot on the cover of Bloomberg’s Businessweek magazine. According to the editors of the double issue with a print circulation of 325,000, she was the “The Believer” who was selling “a future so fantastic you’ll beg her to take…
[ad_1] This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The Solana Foundation is tightening its leash on the validators receiving its stake. The Solana Foundation now says that for every new validator added to the Solana Foundation Delegation Program, it will remove three long-standing ones with under 1,000 SOL in external stake. The goal: have fewer validators relying on foundation stake and more earning authentic backing from the community. Blockworks Research data lead Dan Smith estimated that at current staking levels, around 150 Solana validators would lose their foundation stake under the new rule. The…
[ad_1] California Assembly Bill 1052, or the “Digital Assets Bill” (formerly the Money Transmission Act), passed a Committee vote with bipartisan support on April 21. It was introduced by Assembly Member and Democrat Avelino Valencia in February and amended at the end of March. It aims to protect cryptocurrency users and investors by supporting their right to self-custody their digital assets. A BILL IN CALIFORNIA TO PROTECT YOUR RIGHT TO SELF-CUSTODY AND ENGAGE IN PEER-TO-PEER TRANSACTIONS PASSES OUT OF COMMITTEE UNANIMOUSLY WITH BI-PARTISAN SUPPORT! Thank you to Chair @AsmValencia for your leadership and for the opportunity to sponsor and testify…
[ad_1] Digital bank Revolut’s profits surpassed 1 billion pounds ($1.33 billion) in 2024, thanks in part to a big jump in revenue from cryptocurrency trading. The London-based fintech group’s wealth revenue increased 298% from 127,139 pounds to just over 500 million pounds in the full year 2024. Revolut’s wealth business includes cryptocurrency, commodities, trading, and savings products. Revolut also surpassed 50 million customers for the first time in 2024, with many of them possibly keen to dip their toe into cryptocurrency trading as the market boomed. Bitcoin (BTC) increased in price by over 120% during the calendar year, which was…