Coindesk

Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance.The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on the New York Stock Exchange (NYSE). Since then, Circle shares have jumped 134%, driven in part by growing adoption of its USDC stablecoin and recent legislative support for digital payments.Circle is best known as the issuer of the stablecoin USDC and also supports tokenized assets, blockchain developer tools and a payment network that spans more than 185 countries, TK said.The ETF arrives at a time when...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3923.39, up 2.4% (+92.5) since 4 p.m. ET on Wednesday.All 20 assets are trading higher.Leaders: SUI (+6.3%) and POL (+6.2%).Laggards: LTC (+0.0%) and BTC (+0.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Leading stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (about $35 million) investment round to support the exchange's growth in Europe and Latin America.Bit2Me said it recently became the first Spanish-speaking fintech to be authorized by Spain’s securities regulator under the EU’s new MiCA framework. The approval opens the door for operations across the European Union.Tether’s investment comes through its El Salvador-based venture arm, Tether Ventures, which deploys profits and reserves into tech infrastructure and other projects. The firm has invested in numerous companies in a wide range of industries.These include Italian football club Juventus, major Latin American producer Adecoagro, blockchain forensics firm Crystal Intelligence, YouTube competitor Rumble, and gold-focused investment...

By Francisco Rodrigues (All times ET unless indicated otherwise)Bitcoin (BTC) rose to the highest this month, touching $116,430 and establishing itself more firmly above the $115,000 level on renewed demand for risk assets as the implications from Friday's weaker-than-expected jobs market data sink in. The Federal Reserve is now widely expected to cut rates by 25 basis points in September, with the CME’s FedWatch tool weighing a 93.4% chance of that happening. On Polymarket, traders are slightly less convinced, seeing a 79% chance of a cut. Traders are positioning for reductions at the following two meetings as well.Add in strong earnings from major companies and a weakening U.S. dollar, and the outlook is looking a little stronger for equities and...

BOB, a bitcoin (BTC) decentralized finance (DeFi) protocol combining the security of Bitcoin with Ethereum’s DeFi capabilities, has raised $9.5 million in a strategic funding round.The investment bring BOB's ("Build on Bitcoin") total funds raised to $21 million, following previous raises in 2024.The latest raise will be used to fund BOB’s vision of building the “Gateway to Bitcoin DeFi” by launching a mainnet BitVM bridge and enabling Bitcoin finality via staked BTC later this year. This will allow users to bridge BTC from the Bitcoin network and deploy it across DeFi protocols on BOB.Castle Island Ventures, which led BOB’s $10 million seed round, also contributed to the latest raise, alongside Ledger, RockawayX, IOSG Ventures and Bankless Ventures. Anchorage, Amber Group,...