Author: NBTC
The Chicago Board Options Exchange (Cboe) has confirmed two asset managers’ plans to launch a Solana-based exchange-traded fund (ETF). The options exchange submitted 19b-4 filings with the Securities and Exchanges Commission (SEC) on Monday, asking to list VanEck’s and 21Shares’ potential spot Solana ETFs. Once the SEC acknowledges receipt of the filing, a 240-day window opens for the regulator to approve or deny the products. The Chicago Board Options Exchange (Cboe) has officially asked the SEC to let asset managers VanEck and 21Shares bring a Solana-based exchange-traded fund (ETF) to the market. The exchange submitted a pair of 19b-4 filings…
Bitcoin miners have secured ample power supplies and operating capabilities and can help companies build AI data centers, the report said. Bernstein initiated coverage of miners Iris Energy and Core Scientific with outperform ratings. The broker remains a bitcoin bull and forecasts the token reaching $200,000 by 2025, $500,000 by 2029 and more than $1 million by 2033. Bitcoin (BTC) miners are attractive partners to help build artificial intelligence (AI) data centers, due to their available power supplies and operating capabilities, broker Bernstein said in a research report on Tuesday. Recent AI deals including Core Scientific’s (CORZ) 12-year agreement with…
Ripple has prepared its treasury account for what could be the largest monthly XRP dump since 2017. The company has reserved 400 million XRP tokens worth $208 million for its sell-off in June. Every month, Ripple—the largest XRP holder and entity behind the XRP Ledger development—sells part of its reserves, inflating the circulating supply. As usual, it unlocked 1 billion XRP, worth $520 million, on June 1. This happened through the XRP Ledger escrow system from two labeled accounts: ‘Ripple (24)‘ and ‘Ripple (25).’ However, in addition to the usual 200 million tokens sent to the treasury each month, the…
The U.S. SEC responds to the notice of supplemental authority from Ripple regarding the Binance decision, which the company argues supports its remedies-related opposition brief. According to the filing shared by famous defense lawyer James K. Filan, the SEC contended that the Binance decision is irrelevant to the pending remedies motion. SEC’s Position The securities regulator argued that Ripple attempted to use a single observation in the nearly 90 pages of the Binance ruling to argue against ‘harsh penalties.’ Notably, the SEC stated that Ripple’s attempt to leverage the Binance decision to ‘extrapolate’ its litigation strategies is unwarranted. Additionally, the…
Bitso dominates Mexican crypto trading with 99.5% market share, handling MXN 4,215.4 million in 2024 transactions. Lower fees on BTC markets contribute to Bitso’s popularity compared to competitors like Binance and Bitfinex. In Mexico, Bitso commands a staggering 99.5% market share in cryptocurrency trading volume, as revealed by Kaiko’s “The State of LATAM Crypto Markets” report. Throughout 2024, Bitso facilitated transactions totaling MXN 4,215.4 million, underscoring its dominance over competitors like Binance and Bitfinex, which reported significantly lower trading volumes in the country. Source: Kaiko As in other studies we have covered at CNF, the report attributes Bitso’s appeal to…
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again in Venezuela Amidst a Government Ban Bitcoin miners have moved to operate underground in Venezuela, like in the olden days. According to local reports, the bitcoin mining ecosystem in Venezuela is still moving due to the action of small farms that due to their relatively…
PancakeSwap has announced that its partner, APX Finance, will undergo a scheduled system upgrade on July 10, 2024, starting at noon UTC. The upgrade is expected to last approximately two hours. 📢 Attention PancakeSwap Perpetual UsersOur partner, APX Finance, will undergo a scheduled system upgrade on July 10, 2024, at 12:00 UTC. The upgrade will last approximately 2 hours.During this period, all deposits, withdrawals, and trading functions on PancakeSwap Perpetual… https://t.co/9xT7qRnyqA — PancakeSwap v4｜ETHCC 🇧🇪 (@PancakeSwap) July 9, 2024 All deposits, withdrawals, and trading functions on PancakeSwap Perpetual v1 and v2 will be suspended during the upgrade period. Users are…
Ethereum scaling solution, Polygon (MATIC), has experienced a remarkable surge in gaming addresses, soaring by an astonishing 1,615%. This significant increase highlights the burgeoning interest and optimism surrounding Polygon’s role in the gaming sector. According to a recently released “State of Polygon Q1 2024” report by on-chain analytics firm Messari, Polygon gaming activity increased in Q1, 2024, with daily gaming addresses surging by 1,615% quarterly to 207,000, and daily gaming transactions rising by 469% in the same time frame to 734,000. The rise in activity was mostly caused by MATR1X’s MATR1X FIRE game. Several developments also boosted Polygon’s gaming ecosystem:…
Crypto exchange Kraken said Tuesday it has conducted an analysis of millions of Australian wallets, revealing changing trends in trading behavior and asset preferences. According to the analysis, Bitcoin remains the most actively traded crypto by Australian users, accounting for 27% of all trading volumes within the country between May 2023 and May 2024, slightly above the global average of 26%. Solana (SOL) has also gained traction, making up 10% of trading volumes, compared to 7.8% globally. In response, Kraken introduced a SOL/AUD trading pair in June 2024. Jonathan Miller, managing director of Kraken Australia, said the introduction of new…
Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over $755 million) in West Malaysia due to illicit Bitcoin mining activities from 2018 to 2023, The New Straits Times reports, citing Akmal Nasir, deputy minister of energy transition and water transformation of Malaysia. While Nasir admitted that crypto mining activities constitute a small fraction of total energy consumption, they had a significant financial impact on the country and the energy…