VanEck crypto ETFs are now accessible to retirement savers through Basic Capital, a fintech 401(k) provider. The integration allows US retirement plan participants to gain exposure to digital assets as part of their long-term savings strategy. This move reflects growing institutional interest in incorporating crypto products into mainstream retirement accounts.
Archives: Fast News
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FOMC interest rates expected to hold steady at next week’s meeting
Market pricing tools indicate a 99.3% probability that the US Federal Reserve will keep interest rates unchanged at its next Federal Open Market Committee meeting. Both Polymarket and CME Group’s FedWatch tool show near-unanimous market expectations for a hold decision. Unchanged rates would maintain current monetary policy conditions and could provide relief to risk assets including cryptocurrencies if markets had been pricing in a rate cut.
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General Tensor secures 5 million USD in oversubscribed seed and pre-seed funding
General Tensor completed an oversubscribed seed and pre-seed funding round raising 5 million USD. Good Morning Holdings led the seed funding with additional investments from notable firms.
The company is dedicated to building mining and validation infrastructure for Bittensor, positioning itself as an efficient TAO token generator in the decentralized AI landscape.
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BNB open interest reaches $550.9M as futures positioning favors longs
BNB open interest has climbed to $550.9M with a futures-to-spot ratio of 5.1, indicating elevated leverage in derivatives markets. Funding rates are currently favoring long positions, suggesting traders are betting on further upside. The surge in futures activity reflects increased volatility expectations, though elevated leverage also raises risk of sharp liquidations if sentiment shifts.
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Ripple’s RLUSD stablecoin featured on Fox Business as bridge between crypto and traditional finance
Ripple’s RLUSD stablecoin has received media attention on Fox Business, with discussions focusing on its potential role in connecting cryptocurrency and traditional financial systems. RLUSD, a USD-backed stablecoin issued by Ripple, is designed to enable faster cross-border transactions and bridge digital assets with conventional banking infrastructure. The coverage reflects growing interest in stablecoins as tools for institutional adoption and financial infrastructure development.
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General Tensor raises oversubscribed funding round backed by Good Morning Holdings and DCG
General Tensor, a Bittensor infrastructure project, closed an oversubscribed seed and pre-seed funding round anchored by Good Morning Holdings, led by Lok Lee and backed by Goldman Sachs. DCG also participated in the round. The funding demonstrates investor interest in infrastructure solutions built on Bittensor, the decentralized AI network where TAO is trading at $196.07.
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Binance.US appoints Stephen Gregory as new CEO to enhance crypto services
On March 11th, 2023, Binance.US announced the appointment of Stephen Gregory as CEO, taking over from Norman Reed, who moves to an advisory role.
Gregory’s plan includes expanding services to attract both crypto-native and traditional investors, emphasizing DeFi integration in line with Zhao’s vision.
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Ayush Varshney, co-founder of Darwin Labs, arrested by India’s CBI in Mumbai
Ayush Varshney was arrested by the CBI at Mumbai airport for his participation in a significant fraud.
The scam promised 10% monthly returns in Bitcoin, impacting approximately 8,000 investors.
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Leading Bitcoin mining pool operator Foundry expands into Zcash
Foundry Digital will establish a Zcash mining pool next month, providing an opportunity for users to participate using shared resources. Zcash has recently surged over 600% in value, attracting institutional investors.
Foundry’s existing Bitcoin operations have mined approximately 4,150 Bitcoin worth around 290 million USD last month. The new Zcash pool will cater to businesses without mining capabilities, underlining Foundry’s commitment to meet market demands.
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NIGHT token begins trading on major exchange
NIGHT has launched trading on a major cryptocurrency exchange with the NIGHTUSDT pair. The token is currently trading at $0.0506. The listing expands accessibility for traders interested in the asset.