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VanEck Adds Staking Rewards to Solana Investment Product in Europe
As VanEck’s Solana ETN begins offering investors passive income in the EU, the asset manager awaits input on an application in the U.S.
VanEck Europe’s exchange-traded note (ETN) for Solana underwent a key transformation Monday, offering Solana staking rewards for investors across the European Union.
Listed on the Euronext Amsterdam stock exchange in the Netherlands, the $74 million product will now accrue Solana rewards that are reinvested daily, the firm said. Dubbed the VanEck Solana ETN, the change represents a new form of passive income for the fund’s investors.
Every day, Solana staking rewards will be reflected in the ETN’s net asset value, VanEck said. As those rewards are reinvested, the payouts from delegated Solana will be reflected in an increased amount of SOL that each share accounts for, the asset manager added. Read More
Binance loses ground to rivals, DEX’s on the rise: Report
Binance’s falling market share could present a significant opportunity for smaller rivals like Bybit and OKX.
Leading cryptocurrency exchange Binance is losing market share to smaller competitors, and decentralized exchanges (DEXs) are gaining momentum.
Binance, the world’s biggest crypto exchange, saw a 13% year-over-year decline in spot trading volume from 52.5% in October 2023 to its current 39.5% market share.
Mirroring its declining spot trading, Binance’s crypto derivatives market share also shrunk 8.4% year-over-year, from 50.9% in October 2023 to 42.5% by October 2024, according to an 0XScope research report shared with Cointelegraph.
The report highlights that smaller exchanges, such as Bybit, Bitget and OKX, have capitalized on Binance’s declining market share:
“[Bybit] surged from the No. 7 spot last year with a 3.2% market share to just behind Binance at No. 2 with 8.51%, more than doubling its share. Meanwhile, OKX, now the third-biggest spot exchange, slightly climbed from 5.4% to 6.38%.”
Bitget’s growing market share, which rose from 7% to 10.28%, is due to a growing focus on educational initiatives, user-centric exchange development and recent strategic partnerships, according to Gracy Chen, CEO of Bitget, who told Cointelegraph:
“Bitget’s collaboration with high-profile athletes like Lionel Messi and global sports teams such as Juventus helps build trust and recognition, driving new users to the platform.” Read More
Chainlink using AI, oracles to bring market-moving corporate data onchain
The oracle protocol is partnering with financial infrastructure providers including Franklin Templeton and UBS.
Chainlink has piloted an onchain database of corporate actions using artificial intelligence and decentralized oracle technology, according to an Oct. 21 announcement.
The pilot seeks to harness “the combined advancements in AI, oracles, and blockchain technology to address the lack of real-time and standardized data around corporate actions,” Chainlink said.
“We found that by using data oracles paired with multiple [large language AI models], we were able to source unverifiable, unstructured, and often unreachable off-chain data and convert it autonomously into digital data that is available in near real-time,” Chainlink said.
Information on corporate actions — such as mergers, dividends and stock splits — “present[s] one of the most complex unstructured data problems in the financial world,” Chainlink said in a report detailing the initiative.
The data is “initially presented in human-readable formats like PDFs and press releases […] leading to a fragmented ecosystem characterized by poor data timelines, duplicative sources, and extensive data cleaning,” according to the report. Read More
Bitcoin ETF Options Could Boost Action on Wall Street—And Volatility, Say Analysts
With the SEC's approval of options for spot Bitcoin ETFs, analysts expect another wave of institutional adoption and associated volatility.
Bitcoin ETFs have already made a multi-billion-dollar splash on Wall Street this year. But analysts say a new wave of institutional interest could roll in as options are added to the mix following recent regulatory approvals.
On Friday, the Securities and Exchange Commission (SEC) approved the listing and trading of options for 11 spot Bitcoin ETFs. With a majority of the products approved in January, the nod came as cumulative net inflows swelled past $20 billion for the group last week.
For products listed on the New York Stock Exchange, the approvals included the Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. On the Cboe, the WisdomTree Bitcoin Fund, the Franklin Bitcoin ETF, and VanEck Bitcoin Trust were among those granted a green light.
From the perspective of institutional players, options on ETFs make it easier, cheaper, and safer for them to participate in the Bitcoin market, Bitwise CIO Matt Hougan told Decrypt. As financial derivatives, options give investors the right to buy or sell an asset at a specific price within a certain time frame. Read More
Breaking Free from Constraints: How Markethive Empowers You to Overcome Censorship, Government Restrictions, and Outdated Marketing Practices
We live in a world where every step you take toward your dreams feels obstructed by invisible barriers, as if the odds are intentionally stacked against you. This isn't just your imagination; it is a reality, and these obstacles are built into society’s very structure, protecting corporate giants and keeping aspiring entrepreneurs like you from gaining ground. Every hour, every dollar, every ounce of effort you pour into building something meaningful seems met with another wall carefully designed to hold you back.
Government policies seem to pile on, favoring established players in their grasp, while leaving smaller businesses to navigate a confusing labyrinth of taxes and regulations. Even social media, once a beacon of free expression and open connection, now censors and suppresses voices that challenge the norm and agendas that do not conform to their puppet masters' desires. And when you turn to marketing, the cost of visibility on major platforms puts real success out of reach for those without deep pockets.
But what if there were a place built just for entrepreneurs like you? A platform where censorship doesn’t exist, where your voice isn’t filtered through algorithms, and where you can freely connect, grow, and monetize your ideas. Thanks be to God, this place exists, and it’s called Markethive.
Markethive is a powerful and Godly movement built on the principles of decentralization, transparency, freedom, and empowerment of people worldwide. Markethive is a revolutionary hybrid ecosystem that blends social networking, inbound marketing, and blockchain technology. It’s designed to empower entrepreneurs with tools and resources you can’t find anywhere else, giving you the autonomy to thrive outside the limits of traditional systems. Here’s how Markethive sets you free from societal barriers and provides solutions that the world desperately needs. Read More
Aurum Equity Partners launches tokenized fund worth $1B
The tokenized fund will invest in data centers in the United States, the United Arab Emirates, Saudi Arabia, India and Europe.
Investment banking firm Aurum Equity Partners has announced the launch of a $1 billion tokenized fund, combining equity and debt assets under the same basket.
According to an Oct. 22 announcement, the new tokenized fund will focus on establishing data centers in the United States, the United Arab Emirates, Saudi Arabia, India and Europe.
The fund will rely on Zoniqx’s asset tokenization solutions and the Dynamic Compliant Interoperable Security Token (DyCIST) protocol. It will also leverage the layer-1 blockchain XRP Ledger (XRPL) to explore new opportunities in real-world asset (RWA) tokenization. Combined, these tools will convert the firm’s assets into tokenized financial instruments.
Using tokenization, the fund can attract a wider range of investors, including smaller investors who may not have access to large infrastructure investments.
“Tokenizing private equity is another emerging use case in RWA, tackling the challenges of illiquidity and limited access in these markets,” said David Schwartz, chief technology officer of Ripple and co-creator of the XRP Ledger. Read More
The rise of soulbound NFTs: Unpacking community monetization strategies
Web3 tools and soulbound NFTs are reshaping community monetization by simplifying the integration between digital and physical experiences.
Online communities have transformed from niche forums into powerful hubs for engagement and brand development, as people seek spaces to connect with shared interests.
A growing demand for meaningful connections and personalized experiences has fueled this shift, with community site visits increasing by 64% over recent years. In addition to fostering user loyalty, the enterprise social networking and online communities market is projected to grow from $10.83 billion in 2023 to $25.48 billion by 2032. This surge underscores the need for community platforms to offer more robust, monetizable experiences.
Although the market is promising, its potential depends on effective monetization strategies. Traditional models like ads, memberships, and one-time purchases often fall short of capturing the full value of active communities. Experts believe it’s essential to focus on meaningful benefits for members rather than solely rewarding creators. Read More
Stripe $1.1 Billion Bridge Deal Validates Stablecoin Growth, Says Bernstein
The Stripe acquisition of Bridge for a staggering $1.1 billion has underscored the growth of stablecoins as a payment method, says Bernstein.
The recently confirmed acquisition of stablecoin payment platform Bridge for $1.1 billion by U.S. payment processor Stripe validates the growing importance and legitimacy of stablecoins as a use case for public blockchains—particularly for global cross-border transactions, according to Bernstein.
“Stablecoins have become systemically important, now the 18th largest holder of U.S. Treasury assets, alongside major sovereign holders,” Bernstein said in a note sent to Decrypt.
The integration of stablecoins into payment and fintech platforms like Stripe, PayPal, and others highlights their increasing relevance. Fiat-pegged token issuers often tout the tokens as a method for cheaper and faster cross-border payments, giving users broader access to USD-based savings and decentralized finance (DeFi) applications.
Bridge, the company acquired by Stripe, offers a software platform that helps businesses integrate stablecoin payments without the complexities of managing blockchain infrastructure. Read More
Everything You Need to Know Ahead of the 'X Empire' Telegram Game Airdrop
Elon Musk-themed game X Empire is launching its token on The Open Network this week. Here's what you need to know about the airdrop.
The hotly anticipated X Empire token launch and airdrop is fast approaching. Millions of players have been tapping away at the Elon Musk-themed game through its regular cycle and a bonus “Chill Phase,” all because of the promise of an upcoming airdrop.
On October 24 at 12pm UTC, the X token will launch onto The Open Network (TON) alongside an airdrop to a portion of its player base, which topped 50 million players during the final phase.
Those who qualified had their slice of the pie revealed to them on Friday, but players were left without a share—going directly to Mr. Musk himself to complain, despite no official connection to the game. Developers said that about 6 million players were ultimately eligible to claim tokens.
Despite the pushback, eligible users will want to claim their airdrop and know what they can do with their X tokens. If that’s you, then don’t worry, as we’ve collected all the information you need ahead of the big day. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
