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.
Coinbase CEO Brian Armstrong predicts Bitcoin may reach $400,000 by 2030, a 420% increase from current levels, based on its four-year cycle pattern and recent market bottom. Key upcoming events like the CLARITY Act vote and the next Bitcoin halving s...
BNB's price dropped about 6% over two sessions, falling from around $757 to near $710 due to inflation worries and potential Federal Reserve rate hikes. The broader crypto market also declined, with Bitcoin and Ethereum down 2.5% and 3% respectively....
Binance announced it will remove the Pax Dollar (USDP) stablecoin from its platform, ending all related services in stages starting September 11, 2026, with full withdrawal access ending November 24, 2026. European Economic Area (EEA) users have alre...
Cryptocurrency markets saw a general decline with major coins like Bitcoin dropping 2.03% to $77,737 and Ethereum falling 1.66% to $2,457.87. Other notable cryptocurrencies such as Binance Coin, XRP, and Dogecoin also experienced significant decrease...
Binance announced it will delist the Pax Dollar (USDP) stablecoin from spot trading starting September 24, automatically canceling all pending orders and ending margin, lending, payments, and other services on staggered dates before then. Withdrawals...
