Tag: Launch

Cantor Fitzgerald to launch Bitcoin fund with gold price protection

boss

Cantor Fitzgerald Asset Management is preparing to launch a new fund that combines Bitcoin exposure with downside protection tied to the price of gold. The Cantor Fitzgerald Gold Protected Bitcoin Fund, L.P. will be the firm’s first investment product focused on Bitcoin (BTC), the company said. Structured as a five-year vehicle, the fund is designed to offer investors full upside participation in Bitcoin while providing 1-to-1 protection against losses, based on the price of gold. Hedge strategy linking different asset The hybrid approach aims to address investor concerns about Bitcoin’s…

Will XRP Price Rally $3 After New Futures ETF Launch?

Key Notes Despite a significant purchase of 250 million XRP tokens worth over $500 million by a whale, the XRP price remains unmoved. Meanwhile, institutional interest stays strong, with CME’s ETF hitting $1.5 million in trading volume on its first day. As Volatility Shares prepares to launch its XRP Futures ETF, attention turns to the potential approval of a spot XRP ETF. Amid the broader crypto market rally today, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B price has climbed 2.7%, shooting to $2.42…

FIFA taps Avalanche to launch dedicated blockchain for NFT platform

The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22. FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide. The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications. Related: Bitcoin hits new all-time…

VanEck to launch Avalanche ecosystem fund

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence.  Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said. The fund will be managed by the team behind VanEck’s Digital…

Sangha raises $14m to launch solar-powered Bitcoin mine in Texas

boss

Sangha Renewables has raised $14 million in equity funding for its flagship 19.9-megawatt Bitcoin mining project in West Texas.  The facility, developed alongside a major independent power producer, will operate directly on a solar energy site and is expected to go live in Q3 2025, according to a company release.  The project is designed to convert underutilized renewable energy into Bitcoin (BTC) via a vertically integrated model.  According to Sangha, investors contribute capital—either in fiat or Bitcoin—to help build the site and, in return, receive streaming payouts in Bitcoin well…

Abu Dhabi’s Bold Technologies to launch $2.5B AI infrastructure initiative

boss

Abu Dhabi-based Bold Technologies, a subsidiary of conglomerate Bold Holdings, has partnered with international artificial intelligence company My Aion to launch a $2.5 billion smart-city initiative aimed at transforming urban infrastructure through AI. The companies announced the development of a platform called Aion Sentia Cognitive City, which manages complex urban systems. The platform will be powered by Maia, an AI core engine developed by My Aion, and aims to optimize and manage systems across mobility, energy, education, healthcare and digital services.  My Aion CEO Daniele Marinelli said the AI will…

Crypto.com secures EU license to launch crypto financial derivatives

boss

Mobile-first crypto exchange and payment platform Crypto.com secured a license allowing it to offer cryptocurrency financial derivatives in the European Economic Area. According to a May 21 announcement, Crypto.com secured a Markets in Financial Instruments Directive (MiFID) license. “We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings,” said Crypto.com’s co-founder and CEO, Kris Marszalek. Source: Crypto.com The announcement followed Crypto.com receiving in-principle…

XRP Futures Launch With $1.5M Volume — Will XRP Hit $3?

Key Notes CME saw four standard XRP contracts traded, totaling $480K at around $2.40. An additional 106 micro contracts added over $1 million to the opening day volume. XRP is currently trading at $2.37, up more than 3% in the last 24 hours. XRP futures began trading on the CME Group’s derivatives platform on May 19, marking a major milestone for the cryptocurrency’s mainstream adoption. The first day of trading saw at least $1.5 million in total volume. According to CME data, four standard XRP contracts, each representing 50,000 tokens,…