BNDS ETF Delivers 7.9% Yield With Higher Risk and Costs
The Infrastructure Capital Bond Income ETF has outperformed benchmarks since launch, offering a 7.9% yield. However, it carries higher volatility, costs, and limited liquidity.
Corpay Partners With BVNK to Integrate Stablecoin Wallets
Corpay is partnering with BVNK to introduce stablecoin wallets into its corporate payments infrastructure. The company plans to use stablecoin rails in treasury operations to improve capital efficiency.
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Bitget Lists OpenAI Pre-IPO Token on IPO Prime Platform
Bitget has added OpenAI as a pre-IPO token on its IPO Prime platform. The offering allows spot trading after allocation and includes a post-IPO redemption option.
Ethereum Outshines Bitcoin in Investor Inflows
In A Nutshell Recent data from CoinShares indicates a significant pivot among investors towards Ethereum (ETH) based products over Bitcoin (BTC) ones, following the market’s recovery from the August 5 downturn. The weekly Digital Asset Fund Flows report highlights that ETH funds attracted a staggering $155 million in inflows, constituting about 88% of the total…
SUI Rallies on Grayscale Fund News, Faces $0.96 Barrier
In A Nutshell The cryptocurrency SUI is currently facing a critical resistance level after experiencing a significant rally, largely fueled by the announcement of Grayscale’s new Sui Fund. Despite the bullish sentiment, a combination of factors including a high volume of long liquidations and resistance at the $0.95 to $0.96 price range pose a challenge…
Bitcoin Hashprice Plummets, Miners Face Crisis
In A Nutshell Bitcoin’s hashprice, a critical metric gauging miner revenue, has recently plummeted to its lowest level ever recorded, sparking concerns over the financial viability of Bitcoin mining operations. This downturn coincides with a significant increase in the network’s difficulty, further straining miners’ profitability. As the situation unfolds, the Bitcoin community is on high…
Bitcoin Mining Profit Hits New Low, Report Reveals
In A Nutshell The recent report by Blocksbridge highlights a significant downturn in the profitability of Bitcoin mining, with miner hashprice dropping to below $36 per petahash per second (PH/s), marking a new record low. This decline is primarily attributed to the reduced block rewards post-halving and the unprecedented rise in Bitcoin mining difficulty. Despite…
Ethena Labs Boosts Solana Ecosystem with USDe Integration
In A Nutshell Ethena Labs recently announced its integration with the Solana blockchain, introducing the USDe stablecoin into Solana’s ecosystem. This partnership highlights Solana’s role as a backing asset for USDe, contingent upon governance proposal approval. This development is poised to inject an estimated $2-$3 billion in open interest into the market, broadening the stablecoin’s…
Lamborghini Dives into Web3 with Animoca Brands
In A Nutshell Luxury car manufacturer Lamborghini has entered into a strategic partnership with Animoca Brands, a leader in blockchain and Web3 technologies, to pioneer new digital experiences for their customer base. This collaboration is set to merge Lamborghini’s automotive excellence with the latest in digital technologies, aiming to create unparalleled digital experiences through Web3….
Core Scientific’s Stock Surges 12% on Major Hosting Deal
In A Nutshell Core Scientific’s stock experienced a notable surge of over 12% in early trading on August 6, following the announcement of an expanded hosting deal with CoreWeave. This adjustment will see Core Scientific bolstering its infrastructure to provide an additional 112 megawatts for CoreWeave’s Nvidia GPUs, projecting a substantial $2 billion in revenue…