Ripple's $500 million share sale included investor protections guaranteeing profits
Ripple’s recent $500 million fundraise included “protections” that allowed the investment funds to sell shares back to Ripple at a guaranteed profit. According to reporting from Bloomberg, the investors, such as Fortress and Citadel, felt that a bet on Ripple was essentially a bet on XRP. To make up for that risk, it looks like they negotiated an option to sell their shares back to Ripple after three or four years at a guaranteed annualized return of 10%. Read more →
Global crypto ETPs log $716 million in weekly inflows
Global crypto ETPs pulled in $716 million of net inflows last week, the second week in a row of positive inflows after a rough month-long drawdown. Meanwhile, short-Bitcoin products saw outflows of $18.7 million — their largest since March, indicating that ETP investors believe the current bout of negative sentiment may now have reached its bottom. Read more →
BlackRock moves to add staked Ethereum ETF
The world’s largest asset manager, BlackRock, has officially filed its iShares Ethereum Staking Trust (ETHB) with the SEC, aiming to offer investors exposure to Ethereum’s yield-generating staking mechanism through a regulated fund. Notably, this isn’t BlackRock’s first Ethereum ETF – its existing iShares Ethereum Trust (ETHA), with roughly $11 billion in ETH, will remain separate and non-staked. Read more →
Three weeks left for crypto investors before IRS changes reporting rule Link»
Robinhood to enter Indonesia with acquisition Link»
Airwallex raises $330m series G Link»
Strategy (MSTR) Buys Nearly $1 Billion Worth of Bitcoin Link»
Everyone's wrong about quantum computing Link»
Wall Street gets a “head start” over retail in some prediction markets Link»
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