In Grayscale's latest quarterly rebalance of its Smart Contract Fund, Binance's native token BNB rose from zero to become the largest holding, making up about 30.6% of the portfolio. This shift pushed Ethereum and Solana to second and third places with 29.5% and 29.2% respectively. The rebalance reflects changes in market capitalization among smart contract platforms, as the fund follows a market-cap-weighted index rather than manager preference. Though the fund is small with $1.56 million in assets, the near-equal weighting among the top three tokens suggests rankings could change again next quarter. Investors should also note the fund's relatively high 2.50% expense ratio compared to other crypto investment options.
The debate over Robinhood Chain's fee structure has expanded from a simple cost argument to a broader discussion involving Solana, Arbitrum, and BNB Chain about who should profit from network activity and how to fund long-term development. Solana's c...
Bhutan has transferred 400 Bitcoin, worth about $30.62 million, to an unlabeled address, reducing its tracked sovereign Bitcoin holdings to 518 BTC from a peak of 13,000 BTC in October 2024. Most transfers are linked to the sovereign wealth fund, Dru...
Solana's decentralized platform has surged to fourth place in global Zcash (ZEC) spot trading volume, reaching about $64 million in 24 hours. This marks a 220% increase and positions Solana alongside top centralized exchanges like Binance, Coinbase, ...
XRP futures trading volume surged to $64.6 billion in August, the highest since February, driven by a nearly 30% price increase from $1.06 to $1.50. Binance led the derivatives market with $37 billion in futures volume, followed by Bybit and OKX. Spo...
Bitcoin's futures market experienced its sharpest deleveraging since 2023, with Binance's Bitcoin futures open interest briefly falling below its 180-day average during the largest liquidation event of the current cycle. This was driven by forced liq...
