Kraken introduces rewards up to 1% for users holding xStocks, extending yield opportunities beyond traditional dividend structures. Kraken launched an opt-in rewards program for xStocks on Thursday, offering users up to 1% rewards by holding tokenized U.S. equities and ETFs. The rewards program addresses a gap in traditional equities markets, which typically lack accessible yield…
The integration launches with more than a dozen U.S. stocks, major equity indices, and commodity contracts resolved using Pyth’s real-time price data. Polymarket has expanded beyond crypto and event-based contracts into traditional financial assets, integrating oracle provider Pyth Network as the resolution source for a new suite of equity, index, and commodity markets. The collaboration,…
Crypto markets are stuck in a holding pattern as geopolitical tensions in the Middle East cloud an otherwise improving macro backdrop, according to crypto asset manager Grayscale. “The war in Iran overshadowed virtually all other market developments in March,” the Grayscale research team said in a Wednesday report. Before the conflict escalated, global growth appeared…
Most of the crypto industry spent this week processing Google’s paper on how quantum computers could break blockchain encryption. One startup is asking a different question — whether quantum hardware can make blockchains better. Postquant Labs, which is building the world’s shared quantum computer, Quip.Network announced Wednesday the launch of what it calls the first…
SoFi said Thursday it is launching a new business banking platform designed to let companies handle both traditional money and crypto in one place, as it pushes deeper into digital assets. The service, called SoFi Big Business Banking, allows firms to hold U.S. dollars, convert them into stablecoins and move funds around the clock, all…
Bitcoin BTC$66,462.78 gave back a large portion of its recent gains on Thursday, now trading at $66,700 having lost 2.4% of its value since midnight UTC. Ether (ETH) performed even worse, tumbling by 4.4% as the broader crypto market struggles to deal with continued risk-off sentiment. The latest plunge was spurred by U.S. president Donald…
Those who rushed into bitcoin BTC$66,378.46 over the past two years are now heading for the exits and it’s not a great sign for the market. Public companies, once seen as long-term holders, are increasingly selling bitcoin as prolonged price weakness weighs on balance sheets and strategic plans. Take Empery Digital (EMPD), which announced on…
OpenEden has introduced HYBOND, the first tokenized product tied to BNY Investments’ Global Short-Dated High-Yield Bond strategy, expanding the scope of institutional-grade investments available onchain. The new token gives qualified investors 1:1 exposure to a managed portfolio of short-dated corporate bonds overseen by BNY Investments, a unit of BNY. The product introduces higher-yield fixed income…
Cango (CANG) is at risk of losing its NYSE listing after its shares traded below $1 on average for 30 consecutive days, triggering a compliance notice from the exchange and giving the bitcoin BTC$66,506.39 miner a six-month window to recover, the company said in a press release Wednesday. The New York Stock Exchange flagged the…
JPMorgan (JPM) CEO Jamie Dimon said the bank is considering entering the prediction markets space, signaling growing interest from major financial institutions in a sector that has expanded rapidly in recent months, including among crypto-native companies. “It’s possible one day we’ll do something like that,” Dimon said on CBS on Tuesday, though he ruled out…