Canary Capital Applies for Litecoin ETF, Submits S-1 File
TL:DR Breakdown Canary Capital has filed paperwork with the Securities and Exchanges Commission for a…
Solus Finance Review: The Easy Way To Trade Crypto Derivatives
A trillion dollar industry which is still growing at a rate more than 200% is dominated only by 20% of crypto traders. Since, BTC fell down in 2022, more spot trading volume moved to FUTURES but the adoption among traders remains roughly at 20%. One of the main reasons for the low adoption is only…
Base Network is now the largest Ethereum L2 and a top five blockchain by TVL
TL:DR Breakdown Base, Coinbase’s Layer 2 Ethereum network, just snagged the title of the largest rollup by total value locked (TVL) with $2.49 billion spread across 366 protocols, slightly edging out Arbitrum’s $2.39 billion from the top title, according to DeFiLlama. Base draws a large chunk of its TVL from Aerodrome, a decentralized exchange with…
Canary Capital Applies for Litecoin ETF, Submits S-1 File
TL:DR Breakdown Canary Capital has filed paperwork with the Securities and Exchanges Commission for a Litecoin ETF, just days after doing the same for an XRP product. The Canary Litecoin spot exchange-traded fund will give investors exposure to the price of LTC held by the Trust, though the filing failed to mention who will act…
Tesla moves Bitcoin worth $770 million bitcoin to new addresses
TL:DR Breakdown Elon Musk’s electric vehicle behemoth Tesla, just shuffled a cool 11,509 bitcoins—worth approximately $770 million—into new addresses, per on-chain insights from Arkham. In a flurry of transactions over the past hour, Tesla, which famously dove headfirst into Bitcoin with a $1.5 billion investment in February 2021, moved around $770 million worth of BTC…
Trump hypes crypto future while WLFI Token Stumbles with $9M First-Day Sales
TL:DR Breakdown World Liberty Financial, the DeFi protocol backed by none other than Donald Trump and being hyped in the U.S.A and across the world, opened the public sale of its token, WLFI on Tuesday morning. By 7:25 p.m. ET, they’d sold off 610 million WLFI tokens—leaving around 19.4 billion tokens still up for grabs….
Bakkt Discloses Insufficient Funds to Survive Next 12 Months in SEC Filing
Bakkt launched its institutional crypto assets trading platform in 2018, in a turn of events, the company recently disclosed inability to continue on February 7th.