Grayscale is now offering institutional investors index exposure to DeFi. The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index following a representative basket of ten DeFi crypto tokens. These include Uniswap (UNI) weighted at 49.95%, Aave (AAVE) weighted at 10.25% and Compound (COMP) weighted at 8.38%.  Grayscale’s new index…

Grayscale Investments intends to convert Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), the asset manager said in a blog post Monday.  “While several firms have submitted Bitcoin ETF applications in the form of an S-1 or 19b-4 to the SEC, we are confident in our current positioning and engagement with the SEC,” according…

CME Group, the world’s largest financial derivatives exchange, is set to launch Micro Bitcoin futures, at one-tenth of a Bitcoin, on May. CME Group already offers standard Bitcoin futures, which have traded at an average volume of 13,800 contracts (roughly 69,000 BTC) daily throughout 2021. Micro Bitcoin futures will offer institutional traders and investors more…

The Spartan Group has announced the launch of its $50M Spartan DeFi Venture Fund aimed to back new founders and innovators in the DeFi space. The group has raised $30M of their targeted $50M. Investors include bankers and finance industry veterans who want to see DeFi succeed as the future of finance.  They pitch themselves…

Grayscale also thinks ETH is money. Digital currency asset manager Grayscale, breaks down three lenses through which to value  Ethereum’s cryptocurrency Ether; money, commodity and interest bearing asset, in its first Ethereum-specific report. Grayscale offers institutional investors a vehicle to get exposure to ETH via its Ethereum Trust, which now has an AUM of $5.1B.…

Binance is offering a new high-yield staking option for CRV holders. Locked CRV staking will be offered on a first-come, first-served basis, and is available for 15, 30, and  60- day durations. Lenders can stake anywhere from one to 5,000 CRV, and earn up to 13.42% APY for a 60-day locked stake. CRV is the…

Tether has faced accusations from many in the digital asset industry that it is a form of privately-issued fiat currency, backed not by “real” dollars in any meaningful way but minted in ever-increasing quantities to buy (and inflate the price of) assets like BTC.

While your regular crypto asset will fling you around like a ragdoll and reduce your life expectancy by double digits at least twice a month, stablecoins wrap us in a warm embrace and whisper in our ears that maybe, just maybe, things will be okay. They’re an anchor, a refuge and they too come in…