Products

Polkadot (DOT) saw several key updates and developments in July. Let’s look at some of the latest insights in OpenGov activity, developer engagement, and discussions from the Polkadot ecosystem.  These metrics and data will help gauge the growth and progress of the Polkadot ecosystem.  OpenGov Activity  The number of OpenGov Referenda hit its highest level this year in July, demonstrating why Polkadot is regarded as the world’s biggest decentralized autonomous organization (DAO). OpenGov is Polkadot’s governance mechanism and allows any…

The post Digital Currency Group Settles Debts, Focuses on New Grayscale Products appeared first on Coinpedia Fintech News DCG clears debts! Digital Currency Group (DCG) announced that it has fully repaid its short-term debts as of June 2024, leaving only a $1.1 billion promissory note owed to its bankrupt crypto-lending subsidiary, Genesis. This promissory note is due in 2032. Over the past 18 months, DCG managed to repay over $1 billion to its creditors, benefiting from strong financial performance in…

The post Exploring the Future Potential of CET: A Comprehensive Introduction to CoinEx-Associated Products appeared first on Coinpedia Fintech News As the native token of CoinEx, a globally renowned cryptocurrency trading platform, CET (CoinEx Token) is continuously expanding its application scenarios and economic value. CET not only offers various benefits to its holders but also facilitates ongoing asset appreciation for users through different innovative products and mechanisms. This article delves into the key features of CET and its associated products…

Morgan Stanley, one of the largest investment banks in the United States, has announced that it will soon allow its 15,000 financial advisors to offer Bitcoin ETF (exchange-traded fund) products to eligible clients.  Interestingly, this is the first time a major Wall Street bank has given its wealth management division the green light to promote crypto-based investment products. Bitcoin ETF Exposure For High-Net-Worth Investors According to a CNBC report, sources familiar with the policy change said that Morgan Stanley will…

In a move that sees the liquid restaking industry gain strength, YieldNest and PrimeStakedhave teamed up. The motive: provide the industry with exceptional restaking services in the DeFi sector. With the merger, YieldNest has also announced new products that bring unmatched benefits. This includes ynLSD (through ynLSDe and ynLSDs) and ynUSDs, with added advantages for primeETH and YieldNest users. Liquid Restaking Journey, Together YieldNest and PrimeStaked joining hands is more than just two similar crypto protocols combining. The merger offers…

REX Shares has announced the launch of the T-REX 2X Long Bitcoin Daily Target ETF which will offer investors a 200% exposure to BTC’s daily performance. The company also announced an inverse ETF providing -200% exposure, making them the two most volatile ETFs in the US market and targeting risk-tolerant traders. The pursuit of outsized gains in the crypto market is set to take a fresh twist with the launch of America’s most volatile Bitcoin ETFs. Launched by REX Shares,…

Singapore, Singapore, June 25th, 2024, Chainwire Cega, a leader in DeFi structured investment products, is thrilled to announce the launch of its latest offering—Shark Fin vaults.  Cega aims to address a gap in the market for conservative investors and DeFi lenders that want to outperform existing lending rates, while protecting their principal and maintaining a delta-neutral profile. The “Bull Shark'' vaults deliver on both these objectives. In addition, Cega supports deposits of native assets or staked assets for investors looking…

The crypto market is showing signs of a bullish resurgence, with reports of an impressive $2 billion in inflows for May alone.  Alongside this positive trend, Ethereum (ETH) has seen a notable turnaround in investor sentiment as the long-awaited spot exchange-traded funds (ETFs) for the market’s second-largest cryptocurrency received approval from the US regulators last week.  Record-Breaking Month For Crypto Products According to a recent report from research firm CoinShares, digital asset investment products consistently attracted inflows during the four…

Outflows in digital asset investment products continued for the third week in a row. The latest weekly outflow of $435 million marked the highest outflow since March. According to the latest report by CoinShares, the trading volumes in Exchange-Traded Products (ETPs) dropped to $11.8 billion last week from $18 billion the previous week, with Bitcoin prices declining by 6%. Bitcoin and Ethereum Lead Digital Asset Outflows The latest edition of CoinShares’ Digital Asset Fund Flows revealed that outflows were concentrated…