Coinecta, a decentralized Web3 launchpad, has announced its entrance into the Cardano ecosystem. The platform offers a middleman-free fundraising model for cryptocurrency protocols, with its core native cryptocurrency asset, CNCT token, set to be released soon. The CNCT token will be stakable, and the IDO launchpad will accept both Cardano’s core ADA token and Djed, […]
UBS Asset Management, a major global fund management company, has launched its first “live pilot” of a tokenized money market fund on the Ethereum blockchain. The company is using its proprietary service, UBS Tokenize, to explore on-chain processes such as subscriptions and redemptions. This pilot program is part of the broader Project Guardian, an initiative […]
Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Ethereum Trust (ETHE) to a spot Ethereum exchange-traded fund (ETF). The Ethereum Trust is the largest Ether investment product in the world, with nearly $5 billion in assets under management.Meanwhile, Shiba Memu’s presale has surpassed the $3.5 million mark. The […]
Shiba Memu (SHMU) is a new meme cryptocurrency that has raised over $3.48 million in its presale. It has a unique value proposition that sets it apart from other meme cryptocurrencies, as it uses AI to analyse social media and deliver targeted marketing interventions. This allows it to retain fame and maintain price surges. The […]
UBS Asset Management has achieved a major milestone in the tokenization of real-world assets with the launch of its first live pilot of a tokenized Variable Capital Company (VCC) fund in Singapore. The fund is part of Project Guardian, an industry initiative led by the Monetary Authority of Singapore (MAS) to explore tokenizing various real-world […]
UBS Asset Management has announced the launch of a “tokenized money market fund” pilot program on Ethereum (ETH). The pilot program, led by the Monetary Authority of Singapore (MAS), uses UBS Tokenize, the company’s in-house tokenization service, to manage fund subscriptions and redemptions through a smart contract. This initiative is part of UBS’s global strategy […]
Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation, citing changes in the market. However, Young added that plans for an ETH futures […]
Chainlink (LINK) and Stellar (XLM) are two tokens that have been performing well despite the bearish crypto market. Chainlink has gained 14% in value, starting the week at $6.09 and reaching a peak of $7.21. Meanwhile, Stellar launched a new website in hopes of ending the price decline, and its price is currently at $0.114.Tradecurve […]
Crypto markets are spiking as three major Ethereum (ETH) futures exchange-traded funds (ETFs) are set to debut. VanEck, ProShares and Bitwise have all announced the launch of their respective ETFs, which are based on the price of ETH. ProShares is launching ProShares Ether Strategy ETF (EETH), an Ether-tracking ETF, today. ProShares is also launching two […]
As the world’s interest in cryptocurrency continues to rise, global financial authorities are exploring ways to incorporate the new technology into existing systems without causing too much disruption. The challenge is to find a balance between the need for regulation and the desire to keep the cryptocurrency market open and accessible. The goal is to […]
