PRESS RELEASE. Devine Protocol, a next-generation prediction market being built on the SUI blockchain is thrilled to announce the launch of its highly anticipated $DEVI token presale, set to begin on February 6th, 2025. This exclusive presale offers early contributors a prime opportunity to secure $DEVI before the platform’s mainnet launch in Q2 2025—potentially positioning […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Chainlink’s path to resurgence may lie in embracing meme coin launches like Panshibi, which is growing significantly. When cryptocurrency debuted with Bitcoin in 2009, it took a while for investors to catch on, which was understandable considering the novelty of the idea. Today, the cryptocurrency market is worth well over $3.5 trillion. However, the growth hasn’t stopped market stalwarts like Chainlink from falling behind due to market volatility. This…
Grayscale Investments has launched the Grayscale Dogecoin Trust, offering institutional and accredited investors exposure to Dogecoin. The move follows a surge in institutional interest and increasing demand for Dogecoin (DOGE) investment products, according to a Grayscale press release. Dogecoin, initially created as a meme coin, has evolved into a widely adopted digital asset with a market capitalization of $50 billion. Over the past year, its price has tripled, driven by growing investor interest and the expansion of crypto-friendly policies under the Trump administration. Grayscale believes Dogecoin’s accessibility and low transaction…
Grayscale Investments has launched the Grayscale Bitcoin Miners ETF, offering investors exposure to bitcoin mining firms, as the industry continues to expand. Grayscale Launches Bitcoin Miners ETF for Crypto-Focused Investors Crypto asset management firm Grayscale Investments announced on Thursday that it has introduced the Grayscale Bitcoin Miners ETF (Ticker: MNRS), a new exchange-traded fund designed […] Original
Grayscale Investments has introduced the Grayscale Bitcoin Miners ETF (ticker: MNRS), a new exchange-traded fund that provides exposure to publicly traded Bitcoin mining companies. The fund, which tracks the Indxx Bitcoin Miners Index, is designed for investors looking to gain exposure to the Bitcoin mining industry without directly investing in the cryptocurrency. Bitcoin miners play a key role in the Bitcoin (BTC) network, using powerful computers to solve complex mathematical problems that secure transactions and maintain network operations. In return, miners are rewarded with newly minted Bitcoin. The MNRS ETF…
Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers […] Source CryptoX Portal
Maple Finance has launched “Lend + Long,” an on-chain structured yield product that combines treasury yields with Bitcoin upside potential while eliminating downside risks. This innovative solution is specifically tailored for institutional investors, corporate treasuries, and yield funds, bridging the gap between traditional finance and decentralized finance. The product channels deposits into the Maple High Yield Secured Pool, which generates a stable base yield, according to a release shared with crypto.news. The product is designed to protect institutional investors against the risk of Bitcoin (BTC) underperformance while offering exposure to…
Umoja announced yBTC, a yield vault token that provides over 20% annual percentage yield on staked Bitcoin. The launch positions yBTC as the highest-yielding product for native Bitcoin, reflecting growing opportunities for BTC holders in DeFi, according to a note shared with crypto.news. Yield vault tokens like yBTC allow users to earn passive income by staking their Bitcoin (BTC). Each token represents a user’s share in a vault, which generates returns by employing yield strategies across DeFi protocols and centralized exchanges. Umoja’s trade engine optimizes these strategies based on market…
PRESS RELEASE. Following the success of its Devnet phase, LayerEdge proudly announces the launch of its Incentivized Testnet, marking a major milestone in the mission to build a Bitcoin-backed internet. The Testnet advances LayerEdge’s vision of extending Bitcoin’s unparalleled security guarantees through groundbreaking technology and a modular approach to trust-minimized verification. Devnet Highlights The Devnet […] Original
Crypto.com, a major global cryptocurrency exchange, has expanded its presence in the United States with the launch of institutional services. Institutional Crypto Exchange in the US Announced yesterday (Tuesday), the exchange will operate under the brand Crypto.com Exchange, offering institutional services. The company already serves retail users in the US. Kris Marszalek, CEO of Crypto.com, Source: LinkedIn “Since testing an early version of the Crypto.com Exchange in the US in 2022, we have made significant investments in the Exchange’s technological capabilities and banking infrastructure, resulting in substantial global growth and…