Tag: Asset

Lighter debuts spot trading with ETH as the first depositable asset

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Key Takeaways Lighter, a decentralized exchange on Ethereum layer-2, has debuted spot trading with ETH as the first depositable asset. This marks an expansion beyond Lighter’s prior focus on perpetual futures, now allowing direct asset transfers on mainnet. Share this article Lighter, a decentralized exchange protocol on Ethereum layer-2, today launched spot trading with ETH as the first depositable asset. The platform expanded its offerings beyond perpetual futures to include direct asset transfers between accounts on the mainnet. The exchange positions its spot trading as an alternative to platforms like…

Digital Asset Secures Strategic Investments for Canton Network

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Institutional blockchain infrastructure provider Digital Asset, the creator of the Canton Network, has raised about $50 million in strategic investments from BNY, iCapital, Nasdaq and S&P Global, according to a person familiar with the deal. According to an announcement on Thursday, the strategic funding will build on Digital Asset’s strong momentum to scale the Canton Network following recent funding milestones that raised $135 million. The participation of these four big names highlights the range of institutions supporting the Canton Network, as big banks, exchanges, data, and wealth infrastructure all lend…

Bitcoin is an ‘Asset of Fear‘; Softens Crypto Stance

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Larry Fink, chair and CEO of asset management company BlackRock, explained his “big shift” from associating cryptocurrencies with illicit activities to having the largest spot Bitcoin exchange-traded fund. Speaking at The New York Times’ DealBook Summit on Wednesday, Fink addressed questions related to his views on crypto and Bitcoin (BTC) from journalist Andrew Ross Sorkin. The BlackRock CEO said his move from associating crypto primarily with money laundering to having exposure to billions of dollars in BTC was “a very glaring public example of a big shift in [his] opinions.”…

Arbitrum-based DEX Ostium secures $20M funding to scale its crypto and real-world asset trading

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Key Takeaways Ostium secured $20 million in funding to build a decentralized derivatives trading platform. The startup is founded by Harvard graduates and operates on the Arbitrum network. Share this article Ostium, a decentralized platform that enables on-chain trading of real-world assets through perpetual contracts on the Arbitrum network, has secured $20 million in funding, per Fortune. The Harvard graduates behind the startup are building infrastructure that allows users to trade commodities like gold and oil using USDC or other stablecoin collateral. The platform focuses on perpetual futures contracts that…

Digital Asset Treasury Stocks Surge Outpacing Crypto Market Gains

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Crypto-sector investors favored digital asset treasuries (DATs) on Monday, with crypto treasury stocks outpacing the broader crypto market. BitMine Immersion Technologies was leading the pack of major digital asset treasuries with a Monday stock surge of almost 20%, according to Google Finance.  Its share prices surged from just below $27 to top $31 by the end of the trading day, maintaining those gains in after-hours trading as Ether (ETH) prices climbed.  BitMine stock (BMNR) has been in decline since the crypto market peak in early October, shedding 50% since then.…

MSCI Review Puts Digital Asset Treasury Companies Under Pressure

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Digital asset treasury companies could face “meaningful pressure” if the stock market index MSCI decides to exclude them in January, according to an analyst, who told Cointelegraph that this is likely. The MSCI Index announced in October that it was consulting with the investment community about whether to exclude Bitcoin (BTC) and other digital asset treasury companies (DATs) that have a balance sheet with more than 50% crypto assets.  Some of the feedback has been that DATs can “exhibit characteristics similar to investment funds, which are currently not eligible for…

Strategy faces potential removal from major benchmarks amid asset scrutiny

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Key Takeaways The unraveling of Strategy’s market premium is now putting the company at risk of being cut from major equity indices. JPMorgan analysts warned that as much as $2.8 billion could exit if MSCI excludes the stock, with billions more at stake across other index-linked funds. Share this article Strategy faces the risk of being removed from major equity indices. According to Bloomberg, JPMorgan analysts warned the company could lose its place in benchmarks such as MSCI USA and the Nasdaq 100. MSCI is reviewing policies affecting companies whose…

Trump’s WLFI Ignites Centralization Risks With Asset Reallocation

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The Trump family-backed crypto project World Liberty Financial has reignited concerns about its ability to freeze and reassign user funds, despite promoting itself as “community governed.” The platform said Wednesday that it will reallocate assets affected in a pre-launch phishing attack that exposed the seed phrases of what it described as a “relatively small subset” of user wallets. WLFI said the compromised wallets were targeted through “third-party security lapses,” not issues with the platform or its smart contracts. “This was not a WLFI platform or smart contract issue. Attackers gained…

US FASB explores adding crypto asset transfers to agenda

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Key Takeaways The US Financial Accounting Standards Board (FASB) is evaluating the inclusion of crypto asset transfers in its agenda. Current derecognition practices for crypto assets lack formal accounting rules, creating gaps in financial reporting. Share this article The US Financial Accounting Standards Board (FASB) is evaluating whether to formalize accounting rules for crypto asset transfers, Bloomberg reported today. FASB is considering adding crypto asset transfers to its formal agenda to address gaps in current derecognition practices. The discussions focus on broadening the 2023 crypto accounting framework to include transfer-specific…

Asset Manager Grayscale Files for IPO in US

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Grayscale Investments, an asset management company specializing in digital asset investments, has filed a registration statement as part of the process for going public on US markets. In a Thursday filing with the US Securities and Exchange Commission, Grayscale said it intended to list shares of its Class A common stock on the New York Stock Exchange under the ticker symbol GRAY. The company said the initial price would be determined “through a directed share program” to investors in its Grayscale Bitcoin Trust ETF and Grayscale Ethereum Trust ETF. The…