Month: October 2024

Solv Protocol has raised $11 million in a strategic funding round, bringing its total funding to $25 million at a valuation of $200 million. This capital will advance the company’s mission to revolutionize Bitcoin staking through its Staking Abstraction Layer (SAL). The funding round attracted participation from prominent investors, including Laser Digital, Blockchain Capital, and […] Source: https://news.bitcoin.com/solv-protocol-raises-25m-in-total-funding-to-drive-bitcoin-staking-adoption-potentially-unlocking-330b-in-value/

AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED […] Source: https://news.bitcoin.com/aed-stablecoin-gets-green-light-from-uae-central-bank/

Bitcoin spot ETFs saw significant fund inflows on Monday, with over $556 million being poured in, the largest since the first week of June. Fidelity’s ETF (FBTC) led the inflows with $239 million, while Bitwise’s ETF (BITB) contributed $100 million. Additionally, Ethereum spot ETFs experienced a net inflow of $17 million, reflecting growing institutional interest in the crypto market, according…

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Monochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first exchange-traded fund (ETF) that provides direct access to ethereum. Trading under the ticker ‘IETH’ on Cboe Australia, the ETF will be available on most Australian brokerage platforms, allowing local investors to gain exposure to ethereum through a direct-holding structure. […] Source: https://news.bitcoin.com/monochrome-asset-management-launches-ethereum-etf-in-australia/

Digital asset prime brokerage FalconX has launched an auto-liquidation service designed to enhance capital efficiency for crypto mining firms in the Asia-Pacific region, following a turbulent two years that have strained the sector. The service, part of the firm’s broader platform rollout targeting the industry, is designed to help miners operating in capital-constrained environments manage liquidity more efficiently. Its offering…

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