Tag: Launch

Lombard Finance to Launch its Liquid-Staking Bitcoin Token LBTC on Sui

Lombard Finance’s liquid-staking bitcoin token, LBTC, will launch on the Sui blockchain on Thursday, marking its first expansion to a non-Ethereum Virtual Machine (EVM) compatible chain. The expansion extends LBTC beyond the blockchains it currently uses, which include Ethereum, Base, and BNB chains. The token is meant to install bitcoin as collateral on decentralized finance (DeFi) applications, which on Sui currently have around $1.3 billion in total value locked (TVL). Bringing LBTC to Sui means that users on the network will have access to bitcoin staking rewards while being able…

Canary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar (AXL)

Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to launch such a fund. The hedge fund has previously filed paperwork for several other ETFs. Some of these have already been acknowledged by the Commission and await approval. “Axelar has one of the best dev teams in blockchain. Most viable protocols work…

Blockstream to Launch 3 Funds After Securing Multi-Billion Dollar Investment

Bitcoin development firm Blockstream is launching three investment funds, including two focused on crypto lending, the company announced Tuesday. The crypto company co-founded by legendary bitcoin (BTC) developer Adam Back plans to launch a fund that underwrites Bitcoin-backed loans and one that allows for crypto borrowing with U.S. dollars as collateral while a third fund would deploy hedge fund strategies, according to a tweet. Bloomberg reported earlier that the company had secured several billion dollars in funding to launch these funds, citing anonymous sources. The crypto lending business had been…

US members of Congress to launch bipartisan ‘Congressional Crypto Caucus’

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US Congresspeople Ritchie Torres and Tom Emmer are forming a “Congressional Crypto Caucus” with the goal of advancing crypto-friendly policies in the US House of Representatives. Torres announced the news via his X account on March 3. The Congressional Crypto Caucus follows the formation of the “Congressional Blockchain Caucus,” another bipartisan group that arose during the later years of the Obama presidency with the goal of understanding blockchain technology. Source: Ritchie Torres Compared to the Congressional Blockchain Caucus, the Congressional Crypto Caucus will function “more as a voting bloc to…

Solana down 45% since Trump token launch as memecoins divert liquidity

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Solana’s price continues to struggle under pressure from the growing memecoin market despite showing resilience following its largest-ever token unlock. Solana (SOL) fell over 45% since the Official Trump (TRUMP) memecoin was launched, from over $261 on Jan. 18 to $143 on March 2, TradingView data shows. The growing investor appetite for memecoins may be limiting Solana’s price performance, according to Dan Hughes, founder of the decentralized finance platform Radix. SOL/USDT, 1-day chart. Source: Cointelegraph/TradingView Memecoins “don’t tend to draw in much external capital flow; instead existing eco-system capital “round-robins”…

Hubpay, Aquanow Launch Regulated Crypto Payments in UAE

Hubpay, a United Arab Emirates-based cross-border payments platform, has partnered with Aquanow, a digital asset infrastructure provider, to launch a regulated cryptocurrency payments facility for businesses in the Middle East country. Collaboration Bolsters UAE’s Digital Asset Hub Ambition Hubpay, a United Arab Emirates (UAE)-based cross-border payments platform, has partnered with digital asset infrastructure provider Aquanow […] Source CryptoX Portal

Chicago Mercantile Exchange Group to launch Solana futures on March 17

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The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators. According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled. CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets. The addition…

XRP Whales Eye XRPTurbo Token Launch As Analysts Predict $XRT As The Next Virtuals Of The Ripple Ecosystem

This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. PRESS RELEASE. Ripple’s native token XRP is at a crucial crossroad as XRP whales are scanning the market for new opportunities to amplify returns. One project capturing these whales’ attention is XRPTurbo, an AI […] Source CryptoX Portal

4 reasons Pi Network price crashed after mainnet launch

Pi Network crashed after the mainnet launch, leading to a $6 billion wipeout in the first two days.  Pi Network (PI) was trading at $0.76 on Saturday, down from the mainnet launch price of $2. Here are the four main reasons why the Pi coin price crashed. Pi coin price chart | Source: CMC Pi Network prices crashes amid scam accusations A key reason why the Pi coin price crashed is that Ben Zhou, Bybit’s chief executive officer, attacked it of being a scam. He cited a Chinese report that…