Crypto News
Binance Launches Fund Accounts, Enabling Fund Managers to Streamline Crypto Asset Management
Binance has announced the launch of Fund Accounts, a solution designed for fund managers to pool investor assets based on trading strategies. This offering allows fund managers to consolidate externally-raised investor assets into one or multiple omnibus accounts, streamlining operations and enhancing trading efficiency. Fund Accounts enable simplified portfolio management, flexibility in strategy execution, andSource link
Major Supermarket Chain Spar to Launch Bitcoin Payments Across Switzerland
Spar’s Bitcoin expansion marks one of Switzerland’s first major retail integrations of crypto payments, following trials in two locations.Source link
Monero’s XMR Rockets 40% as XRP Leads Crypto Majors Gains
Crypto markets traded flat during the Asia morning hours, with bitcoin (BTC) trading above $94,000 and the CoinDesk 20, a measure of the performance of the largest cryptocurrencies flat.XRP led majors gains with a 4% move higher from the past day, driven by a ProShares ETF approval that will see three futures-tracked products go live on April 30. Cardano’s ADA, BNB Chain’s BNB and ether (ETH) showed moves between 1-3%.One exception to the relatively dormant market has been privacy coin Monero (XMR), up more than 40% in the past 24 hours. It traded over $320 in Asian morning hours Monday, a level last seen in May 2021.Trading volumes zoomed from an average of $50 million on a 7-day rolling basis...
Nexo Re-Enters US Market: ‘America Is Back,’ Says Co-Founder Antoni Trenchev
Nexo, the digital wealth platform with $11 billion in assets under management, has announced its re-entry into the U.S. market, unveiling its product suite at an exclusive business event. The announcement featured keynote addresses from Donald Trump Jr., Executive Vice President of The Trump Organization; Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology; andSource link
ProShares Gets SEC Greenlight for Three XRP ETFs
Exchange-traded funds (ETF) issuer ProShares will introduce three XRP-tracked products this week after a tacit U.S. Securities and Exchange Commission (SEC) approval.It will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF and an Ultra Short XRP ETF (-2x leverage), filings show. Its spot XRP approval stays hanging, however. The SEC has acknowledged several XRP spot ETF applications so far, with fund manager Grayscale’s filing facing a critical May 22 deadline.ProShares’ approvals come weeks after Teucrium’s 2x XRP ETF started trading earlier this month, becoming the first XRP ETF in the U.S. It racked over $5 million in trading volumes on the first day, becoming the firm’s “most successful” launch to date.Last week, the CME Group added XRP...