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Grayscale’s Chainlink ETF Lists on NYSE Arca, LINK Price Jumps
Yahoo Finance· 2025-12-02 15:23
Core Insights - Chainlink's native token, LINK, experienced an 8% increase to $13.06 following the launch of a Grayscale ETF dedicated to the asset [1] - The ETF, GLNK, provides regulated access to Chainlink for investors through traditional brokerage accounts, marking the first U.S. ETF focused on tracking LINK [1][5] Company Overview - Chainlink is essential for enabling blockchain systems to interact with real-world data, integrating off-chain information into smart contracts for decentralized applications [2] - The network facilitates communication between separate blockchains, allowing data and value transfer across otherwise isolated networks, which is crucial for decentralized finance (DeFi), NFTs, and gaming [3] ETF Details - The GLNK ETF does not represent a direct investment in LINK; it holds LINK on behalf of shareholders and is not subject to the Investment Company Act of 1940, lacking some consumer protections [4] - The introduction of the ETF follows a significant decline in LINK's value, which is down 39% since the beginning of the year, reflecting broader trends in the cryptocurrency market [4]
BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec
Yahoo Finance· 2025-12-02 15:01
Group 1 - BNP Paribas is joining nine other European banks in a joint venture to issue a stablecoin, reflecting traditional financial firms' interest in the growing digital asset market [1][2] - The initiative, named Qivalis, is based in Amsterdam and includes banks such as ING, UniCredit, and CaixaBank, with plans to launch the stablecoin in the second half of 2026 [2][5] - The venture aims to create a blockchain-native digital payment infrastructure in Europe that complies with the EU's Markets in Crypto-Assets (MiCA) regulations, focusing on corporate client needs [3][4] Group 2 - Stablecoins are gaining popularity as a cost-effective and faster alternative for cross-border payments, with the ten banks seeking to provide an alternative to dominant dollar-pegged stablecoins like USDT and USDC in the $300 billion market [4] - Euro-denominated stablecoins have struggled, with a total supply of only $670 million; Société Générale's euro token (EURCV) has a market value of $62 million, while Circle Internet's EURC leads with $330 million [5] - Qivalis is developing its governance framework and anticipates receiving regulatory approval before its planned launch in 2026 [5]
X @BSCN
BSCN· 2025-12-02 14:54
SEC ANNOUNCES “INNOVATION EXEMPTION” FOR CRYPTO, PAVING THE WAY FOR BLOCKCHAIN GROWTH- The U.S. Securities and Exchange Commission (SEC) recently confirmed plans to roll out a new “Innovation Exemption” for cryptocurrency firms, expected as early as January 2026.- The exemption will allow qualifying blockchain projects to operate under supervised conditions without immediate full compliance with traditional securities laws, signaling a shift from the SEC’s historically strict enforcement approach.Key Detail ...
How High Could Ethereum Price Go When Fusaka Launches? History Gives a Clue
Yahoo Finance· 2025-12-02 14:32
Core Insights - Ethereum is set to implement the Fusaka upgrade on December 3, 2025, which aims to enhance blockchain capacity and reduce transaction costs [1][2] - The upgrade is crucial for Ethereum's price trajectory, currently around $2,839, as it approaches significant technical levels [1][4] Fusaka Overview - The Fusaka upgrade will increase the block gas limit from approximately 45 million to 60 million, enhancing transaction capacity [2] - It introduces Peer Data Availability Sampling, allowing validators to verify data by sampling rather than downloading full blobs [2] Efficiency Improvements - Additional changes will focus on improving Layer-2 rollup efficiency, making decentralized applications cheaper and faster to use [3] Historical Context - Previous upgrades, such as the May Pectra upgrade, resulted in a price increase of over 30% shortly after implementation [4] - Fusaka is viewed as a more significant infrastructure improvement, potentially leading to another price rally [4] Institutional Interest - Institutional investors, like BitMine, are showing interest in the upgrade, having purchased an additional 96,798 ETH ahead of the Fusaka launch [4] Market Conditions - Analysts indicate that ETH is at a critical level before the upgrade, having recently broken out of a descending wedge pattern [8] - A successful retest of this pattern could lead to a price movement towards $3,500, a key resistance zone [8] Analyst Sentiment - Tom Lee expresses a bullish outlook for Ethereum, predicting a potential surge to between $7,000 and $9,000 by early 2026, despite a possible near-term dip to around $2,500 [5][7]
X @Ethereum
Ethereum· 2025-12-02 14:21
RT terence (@terencechain)Happy 5th birthday to the beacon chainCrazy to look back at how far the network has come and how much has grown since genesisHuge thanks to everyone who’s pushed this thing forward over the years 🎉 ...
X @BSCN
BSCN· 2025-12-02 14:18
🚨JUST IN: KRAKEN ACQUIRES TOKENIZED ASSETS PLATFORM BACKED FINANCE AS EXCHANGE EXPANDS INTO BLOCKCHAIN-BASED STOCK TRADING ~ BLOOMBERG ...
Another Wall Street Pivot: Goldman Sachs To Acquire Bitcoin ETF Issuer Innovator Capital In $2 Billion Deal
Yahoo Finance· 2025-12-02 14:18
Core Insights - Goldman Sachs has announced a $2 billion acquisition of Innovator Capital Management to enhance its presence in the crypto ETF market [1] - The acquisition will add $28 billion in assets under supervision (AUS) and bring 159 ETFs into Goldman Sachs' assets under management (AUM) [2] - This deal positions Goldman Sachs among the top 10 ETF providers globally and may accelerate innovation in the crypto ETF space [2] Company Strategy - Goldman Sachs CEO David Solomon emphasized that active ETFs are a rapidly growing segment and the acquisition will provide modern investment products for investor portfolios [3] - Innovator Capital Management is recognized for its specialized ETFs that utilize options strategies to manage downside risk while capping upside potential [3][4] - Solomon noted that Innovator's innovative approach aligns with Goldman Sachs' mission to enhance client experiences through sophisticated investment strategies [4] Industry Trends - Goldman Sachs' shift towards crypto is notable, as just five years ago, the firm advised against investing in digital assets [5] - The bank has made nearly 18 investments in blockchain companies between 2020 and 2024, indicating a significant change in strategy [5] - Other financial institutions, such as Morgan Stanley and Citi, are also pivoting towards crypto, with recommendations for portfolio allocations to digital assets [5]
X @Binance
Binance· 2025-12-02 14:15
The names. The talks. The alpha.Just 1 day to go for #BinanceBlockchainWeek. https://t.co/Jusun6fkIUBinance (@binance):Excited to welcome @Celo as the Title Sponsor of #BinanceBlockchainWeek.The leading Ethereum Layer 2 by active addresses with 750K+ daily active users, Celo powers fast, low-cost transactions globally.Book your tickets 👉 https://t.co/EqwcAF3kdL https://t.co/kcxx9GaOTN ...
X @BSCN
BSCN· 2025-12-02 13:56
DOGELON MARS GOES BIG ON $ION - @DogelonMars last month announced it was joining the @ice_blockchain ecosystem... But what does this mean in practical terms? https://t.co/AeOlclN811 ...
DHL Group's CRYOPDP and Applied Blockchain Win Award for Digital Transformation in Healthcare Logistics
Globenewswire· 2025-12-02 12:15
Core Insights - Applied Blockchain's enterprise client CRYOPDP has won the SAP Digital Transformation Award for its innovative project, Atlas Path, which enhances shipment visibility and compliance in healthcare logistics [1][2][3] Company Overview - Applied Blockchain is a development studio specializing in blockchain and privacy technologies, founded in London in 2015, with over 150 platforms delivered across various industries [9] - CRYOPDP, part of DHL Health Logistics, is a global leader in temperature-controlled logistics for the life sciences and healthcare sectors, operating in 15 countries [11] Project Details - The Atlas Path project was developed in partnership with CRYOPDP to modernize shipment visibility, proof of delivery, and compliance processes, utilizing Silent Data's privacy-first blockchain infrastructure [3][4] - Atlas Path provides real-time transparency, tamper-proof delivery validation, and end-to-end shipment visibility, ensuring secure coordination between offices and customers [4][5] Innovation and Impact - The award highlights the measurable value of blockchain in regulated environments, demonstrating how Silent Data enables digital transformation while maintaining privacy and compliance [5][6] - Silent Data combines the benefits of public and private blockchains, ensuring sensitive data is protected and access is controlled through smart contracts [7][8]