Switzerland-based 21Shares, one of Europe’s largest issuers of crypto exchange-traded products, has launched the first fund tied to dYdX, a decentralized exchange (DEX) specializing in perpetual futures. According to an announcement shared with Cointelegraph, dYdX has processed over $1.4 trillion in cumulative trading volume and lists over 230 perpetual markets. The dYdX Treasury subDAO supports…
MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees. The stablecoin, USDm, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with $13 billion in total value locked (TVL). It will launch…
The Bitcoin mining difficulty, the average difficulty level for mining a block on the network, climbed to a new all-time high of 134.7 trillion on Friday. Network difficulty hit a previous all-time high in August and steadily rose throughout the month, despite projections that network difficulty would decrease. Bitcoin’s hashrate, the average of the total number of…
Canadian blockchain company SOL Strategies is set to debut on Nasdaq next week after securing approval to list its shares. In a Friday notice, SOL Strategies said it would begin listing common shares on the Nasdaq Global Select Market starting on Sept. 9 under the ticker symbol STKE. The listing will end of the company’s shares trading…
Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss, is expanding in Europe with new staking and derivatives offerings. Gemini users in the European Economic Area (EEA) can stake Ether and Solana, as well as trade perpetual contracts denominated in Circle’s USDC stablecoin, the company told Cointelegraph on Friday. The launch follows Gemini’s approval under Markets in Crypto-Assets…
A proposal submitted to the US Securities and Exchange Commission’s (SEC) Crypto Assets Task Force warned that quantum computing could shatter the cryptographic foundations of Bitcoin, Ethereum, and the broader digital asset ecosystem unless safeguards are implemented. A written submission to the task force titled the Post-Quantum Financial Infrastructure Framework (PQFIF), was authored by Daniel Bruno Corvelo…