Author: Kryptonews

Global asset manager VanEck has launched a US-listed exchange-traded product offering exposure to Avalanche’s native token, AVAX (AVAX), marking the first spot Avalanche ETF to trade in the United States. According to Monday’s announcement, the product is not registered under the Investment Company Act of 1940, though it may be subject to other US securities laws.The fund will trade under the ticker VAVX, tracking the price of Avalanche’s AVAX token and potentially generating returns through staking. VanEck said it will waive sponsor fees on the ETF’s first $500 million in assets through Feb. 28. Assets over $500 million before Feb.…

Bitmine Immersion Technologies’ growing Ethereum staking position may translate into more than $160 million in annual staking revenue at current rates, as more of its Ether holdings are put to work onchain.Bitmine, the largest publicly traded Ether treasury, said it added 40,302 Ether (ETH) over the past week, lifting total holdings to 4,243,338 million ETH. Bitmine’s staked ETH balance jumped by 171,264 ETH over the period, bringing total staked holdings to 2,009,267 ETH. Based on the 2.81% Composite Ethereum Staking Rate (CESR) cited by the company, a benchmark designed to estimate the annualized yield of Ethereum validators, Bitmine’s staked Ether…

A 36-foot-tall stainless steel sculpture by Jaume Plensa collapsed outside the Raclin Murphy Museum of Art at the University of Notre Dame last month, with museum officials saying the cause of the failure remains unclear, according to the university’s student-run paper The Observer. The work, Endless, was found broken into two pieces on December 10 after standing outside the museum for nearly three years. No injuries were reported, and officials said there was only minor damage to the surrounding concrete. Related Articles “We don’t know what happened,” Joseph Becherer, the museum’s director and curator, told The Observer, adding that there was no evidence…

Key takeaways:Bitcoin market data shows that pro traders are avoiding risk and paying extra to protect against a price drop.Gold is hitting record highs, but Bitcoin remains stuck as investors favor traditional safe havens.Bitcoin (BTC) rose 1.5% following a retest of the $86,000 level on Sunday as traders weigh the risks of a US federal government shutdown by Saturday. This week features multiple high-stakes catalysts, including earnings reports from global tech giants and the US Federal Reserve’s monetary policy decision on Wednesday.Despite gold hitting record highs, Bitcoin traders remain cautious. Derivatives metrics suggest skepticism regarding further gains; demand for leveraged…

Bitcoin BTC$87,948.56 remained stuck in limbo at around $88,000 on Monday as gold and silver extended their blistering rallies before paring gains.BTC is up a bit from what’s now becoming a renewed pattern of panicky weekend selling, but down from around the $90,000 late Friday. Rising odds of a government shutdown on Jan. 31 — and the crimp on liquidity that might entail — were among the leading reasons for the Sunday selloff.That exact same news, however, left precious metals bulls unfazed. Gold soared through $5,000 and then $5,100 for the first time ever on Sunday and Monday, while silver…

Japanese Bitcoin treasury firm Metaplanet reported a 104.6 billion yen ($680 million) impairment on its Bitcoin holdings, reflecting the impact of last year’s market downturn on the value of its digital asset portfolio. Key Takeaways: Metaplanet booked a $680 million Bitcoin impairment that will drive large reported losses but does not impact cash flow. The write-down reflects aggressive Bitcoin accumulation, with holdings rising to over 35,000 BTC. Bitcoin income strategies drove an upward revision to revenue forecasts. In a press release issued Monday, the company said the impairment was recorded as a non-operating expense and does not affect cash flows…

The crypto market stabilized on Monday, January 26, as gold and the stock market rose, and the US Dollar Index plunged ahead of the upcoming Federal Reserve interest rate decision.  Summary The crypto market pared back some of its earlier losses. The Bitcoin price rose to over $88,400 from the intraday low of $87,000. The US dollar index crashed to its lowest level since November. Bitcoin (BTC) moved from the intraday low of $87,000 to $88,400, while Ethereum (ETH) rose and approached the key resistance at $3,000. The market capitalization of all coins moved back to $3 trillion. Crypto market…

Bitcoin (BTC) recovered through $88,000 after Monday’s Wall Street open as analysis called core demand “intact.”Key points:Bitcoin attempts to maintain a bounce after hitting new 2026 lows of $86,000.Traders see downside resuming as markets grapple with uncertainty across the board.Research still says that Bitcoin has a solid demand base.BTC price seen following dollar downhillData from TradingView showed BTC price action continuing to bounce from new 2026 lows seen at the weekly close. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAfter a disappointing weekly candle sparked warnings of further downside in crypto analytics circles, traders had little faith in Monday’s rebound lasting.“I believe the…

The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar.On Monday, Tether said its Tether Gold (XAUt) now represents more than half of the entire gold-backed stablecoin market, with a total value exceeding $2.2 billion.Tether disclosed that 520,089 XAUt tokens were in circulation at the end of the fourth quarter, with each token backed one-for-one by physical gold held in reserve. Tether Gold (XAUt) market capitalization. Source: CoinMarketCapCEO Paolo Ardoino said the company’s Tether…

The latest attempt to save the New Deal-era artwork from the Wilbur J. Cohen Federal Building in Washington, D.C., involves a letter written by a group of artists urging the Jewish Museum in New York to save the murals and sculptural reliefs created by Jewish artists like Ben Shahn, Philip Guston, and Seymour Fogel. The letter, addressed to Shari Aronson, chair of the board of the Jewish Museum, was written by artists Elise Engler, Joyce Kozloff, and Martha Rosler, and has been signed by hundreds of artists and artworld figures. Hyperallergic first posted about the letter. Some of the high-profile…