Asset management and exchange-traded fund (ETF) issuer VanEck has launched a new institutional product based on layer-1 blockchain Sui (SUI). In a press release, VanEck says it’s expanding its offerings with a new exchange-traded note (ETN) that allows investors to participate in the development of SUI without having to directly hold the token. The new […]
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The chief executive of exchange-traded fund (ETF) issuer VanEck is revealing his price target for Bitcoin (BTC) while updating his outlook on Ethereum (ETH). In a new interview with CNBC Television, Jan Van Eck says he sees Bitcoin’s market cap catching up to that of gold, pushing BTC’s price well above a quarter of a […]
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This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.
Donald Trump may have won the race for the White House, but the crypto market has its own champion: Polymarket — a decentralized prediction market platform running on the Polygon blockchain.
Founded just four years ago, the platform has amassed over $3.2 billion in total bets tied to the United States election results, with $239.5 million placed on Election Day alone.
Behind Polymarket is 26-year-old Shayne Coplan, CEO and board member, according to Pitchbook. Some key election developments predicted by traders on Polymarket included President Joe Biden dropping out of the contest, among other geopolitical developments.
It's the second bet on Web3 gaming by VanEck's liquid token strategy fund.
VanEck’s private crypto fund has invested in gaming startup Gunzilla Games, marking the asset manager’s second bet on Web3-enabled gaming, VanEck said on Oct. 31.
Gunzilla is the creator of Off The Grid, a “dystopian cyberpunk shooter” where players earn Gunzilla’s native GUN token, VanEck’s Matt Maximo said in a post on the X platform.
“We see crypto as a tool to enhance gaming experiences and improve monetization strategies,” Maximo said.
The head of digital assets research at exchange-traded fund (ETF) provider VanEck says that Bitcoin (BTC) is looking bullish ahead of the US presidential election. In a new interview on CNBC’s Squawk Box, VanEck executive Matthew Sigel says that Bitcoin may be gearing up for an explosive breakout partially due to a potential Donald Trump […]
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Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022.
Fears that Ethereum layer-2 scaling solutions are eating into the mainnet’s revenue and could impact prices may be premature, according to a crypto bank analyst.
“It is much too early to tell whether Ethereum[‘s] strategy of scaling through layer 2s is cannibalistic or will lead to net growth,” Katalin Tischhauser, head of research at Sygnum Bank told Cointelegraph in a recent interview.
Tischhauser’s use of “cannibalistic” refers to layer 2s taking “business” away from the Ethereum mainnet — which has contributed to a substantial fall in Ethereum fees over the last few years.
Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.
Tether marked its first 10 years amid a considerable expansion in its user base. According to the stablecoin issuer, it had 350 million users on Oct. 7, an increase of 148% from its 141 million users in 2022.
Tether’s USDT (USDT) rapid growth over the past two years can be partially attributed to a tighter regulatory landscape in the United States, which has put pressure on domestic crypto companies since the FTX debacle in November 2022.
Increased scrutiny by regulators, combined with the 2023 banking crisis that led to the temporary depegging of its primary competitor, USD Coin (USDC), drove many users to move their assets away from US-based platforms amid concerns over regulatory risks and the stability of the financial system. Even though market conditions have evolved since then, Tether has successfully retained a significant portion of these users.
Vaneck, a global investment management firm, has announced the launch of a $30 million early-stage venture fund targeting fintech, digital assets, and artificial intelligence (AI) startups. Vaneck’s $30M Fund to Invest in Fintech, Digital Assets, and AI Named Vaneck Ventures, the fund will support companies in the pre-seed and seed stages, continuing the firm’s strategy […]
Investment management giant VanEck is launching a new multimillion-dollar venture fund focused on crypto and artificial intelligence (AI). In a new press release, the exchange-trade fund (ETF) provider announces the launch of VanEck Ventures, a $30 million early seed fund focused on investing in firms that are “operating at the intersection of fintech, digital assets, […]
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VanEck’s new $30 million fund, VanEck Ventures, will focus on investment in fintech, crypto and AI startups building next-generation payments.
VanEck, one of the issuers of spot Bitcoin exchange-traded funds (ETF) in the United States, has a new initiative to support early-stage cryptocurrency and artificial intelligence projects.
VanEck has launched VanEck Ventures, a $30 million fund investing in fintech, crypto and AI startups in pre-seed and seed stages, the company announced on Oct. 9.
Source: VanEck
