Tag: Launches

Cosmos launches Eureka to connect Ethereum and IBC networks

Cosmos, a blockchain network aiming to become the “internet of blockchains,” has launched Eureka, an interoperability layer designed to link its inter-blockchain communication (IBC) protocol with Ethereum. According to an April 10 announcement, Eureka has expanded the Cosmos IBC protocol, changing IBC from an ecosystem standard “to a universal interoperability protocol,” setting the hub on a course to become the home of multichain apps. Cosmos projects are integrating into IBC Eureka. Source: Cosmos With the introduction of Eureka, many Cosmos-based applications and blockchains are now accessible to more users by…

Babylon Genesis launches as first-ever layer-1 secured by Bitcoin

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Babylon Labs has officially launched Babylon Genesis, the first-ever Layer-1 blockchain secured by Bitcoin. Babylon Labs (BABY) just announced that Babylon Genesis Layer-1. This launch follows the initial Phase 1 rollout in August 2024, which introduced Bitcoin (BTC) staking through self-custodial contracts. Since the initial launch, the protocol has attracted 49678.65 BTC ($4.06B) staked in self-custodial contracts. According to DefiLlama, Babylon currently ranks second in Total Value Locked among restaking protocols, after EigenLayer. Source: DefiLlama With today’s launch, the project enters Phase 2. This stage includes the full release of…

Argentina’s Congress Launches Probe Into LIBRA Fiasco

Key Notes Argentina’s lawmakers approved the formation of an investigative commission into the LIBRA scandal. High-ranking officials, including the economy and justice ministers, will be summoned to testify. Congress has also demanded detailed records from the executive branch regarding the token. Argentina’s Chamber of Deputies has officially opened an inquiry into the LIBRA meme coin scandal. The lawmakers have decided to form an investigative commission and a summons for high-ranking government officials. They have also approved a formal demand for detailed records from the executive branch, according to the press…

Mixed-martial arts champion Conor McGregor launches memecoin

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Mixed-martial arts (MMA) champion Conor McGregor launched a memecoin called “REAL” on April 5, which will reportedly feature staking rewards and voting rights for token holders. Spokespeople for the project told Cointelegraph that the token was launched through a sealed-bid auction to eliminate snipers and bots hijacking the token launch and in collaboration with the Real World Gaming decentralized autonomous organization (DAO). REAL token initial allocation breakdown. Source: Real World Gaming DAO The auction will take place from April 5-6. In a statement shared with Cointelegraph, McGregor touted the launch…

First Trust launches Bitcoin strategy ETFs

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First Trust Advisors has launched two Bitcoin (BTC) strategy exchange-traded funds (ETFs) designed to provide investors with Bitcoin exposure while capping losses and earning yield, the asset manager said.  The move comes amid an outpouring of funds seeking to enhance Bitcoin’s appeal to traditional investors by offering tailored exposure to the cryptocurrency’s performance. The FT Vest Bitcoin Strategy Floor15 ETF (BFAP) is designed to track Bitcoin’s performance up to a capped upside while limiting drawdown risk to approximately 15%, First Trust said in an announcement. “Over the past few years,…

First Trust launches first Bitcoin Strategy ETFs

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First Trust Advisors has unveiled two new Bitcoin strategy exchange-traded funds, adding to a suite of products that currently hold more than $28 billion in net assets. In an announcement on April 4, First Trust said it launched the two Bitcoin (BTC) strategy ETFs this week.  Specifically, the bitcoin exchange-traded funds are part of the the Floor15 ETF Series of Target Outcome ETFs, with both the FT Vest Bitcoin Strategy Floor15 ETF – April and the FT Vest Bitcoin Strategy & Target Income ETF listed on the NYSE Arca under…

Pump.fun launches lending platform to finance memecoin buys

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Pump.fun is launching a lending platform to enable users to buy memecoins and non-fungible tokens (NFTs) with borrowed cryptocurrency, the Solana-based memecoin launchpad said.  Dubbed Pump.Fi, the onchain lending protocol provides “immediate… financing for [any] digital asset,” Pump.fun said in an April 1 X post. According to Pump.fun, borrowers pay one-third up front and the rest over 60 days. In addition, Pump.Fi will create a marketplace for lenders to buy debt. The protocol did not specify how Pump.Fi — which doesn’t do credit checks — plans to ensure repayment of undercollateralized…

Grayscale launches two new Bitcoin outcome-oriented products

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Major cryptocurrency asset manager Grayscale Investments announced two new Bitcoin outcome-oriented exchange-traded funds (ETFs). According to an April 2 announcement, the new products are the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). According to an email sent to Cointelegraph, the two new Bitcoin (BTC) funds are meant to generate revenue by harnessing BTC volatility: “Both strategies may be considered as an alternative income stream that’s less correlated to traditional income-oriented investments.“ A complex derivative product The Bitcoin Covered Call product seeks to capture…

GoMining debuts institutional division, launches $100m Bitcoin yield fund

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GoMining has launched a new division, GoMining Institutional, with a new $100 million Alpha Blocks Fund to offer structured exposure to Bitcoin mining for professional investors. According to an April 1 announcement shared with crypto.news, the GoMining Alpha Blocks Fund will be the flagship product under the new division. The fund is fully managed and designed to provide institutional investors with exposure to mining-backed yield. GoMining, which has delivered over 4,000 Bitcoin (BTC) in rewards to its more than 3 million users, says the new division will simplify access to…

Binance Launches New Feature Enabling Trading Between Centralized and Decentralized Exchanges

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Binance, the planet’s biggest crypto exchange by volume, has released a new feature bridging its services to the decentralized finance (DeFi) world. In a new announcement, Binance says it’s introducing CEX to DEX (centralized exchange to decentralized exchange) trading, a new feature that enables users to trade tokens through their wallets using their Binance CEX funds. According to the company, Binance users can now directly trade on-chain through the Binance Wallet tab with their spot or funding account balances using stablecoins to access tokens trading on decentralized exchanges via the…