VanEck invests in Web3 gaming startup Gunzilla
VanEck’s Matt Maximo views cryptocurrency as enhancing gaming experiences and monetization. VanEck’s private cryptocurrency fund has invested in Gunzilla Games, marking the asset manager’s second bet on Web3-enabled gaming, the company announced on October 31.Gunzilla has created Off the Grid, a “dystopian cyberpunk shooter,” according to a post by VanEck’s Matt Maximo on the X […]
Raydium Surpass Ethereum in 24-hour Fee Revenues
On October 21, Solana-based Raydium, generated $3.4 million in fee revenue, as opposed to $3.35 million for Ethereum, according to DeFiLlama. According to DefiLlama, Raydium , a decentralized exchange (DEX), achieved a higher 24-hour revenue than the Ethereum network on October 21. Raydium Fee Revenue According to DeFiLama According to data from DefiLlama on daily […]
VanEck Adds Staking Rewards to Solana Investment Product
VanEck, an asset management company, has announced that staking is now an option for investors in Europe who are purchasing its Solana exchange-traded note. All holders can stake VanEck’s Solana (SOL) ETN for the European market. VSOL currently has $73 million in assets under management. The ETN is a digital exchange-traded product that aims to […]
Solana Could Reach $330, Capturing 50% of ETH Market Cap
Retail investors are recognizing Solana’s potential as a rival to Ethereum in smart contracts. According to research published by VanEck on September 25, Solana’s superior speed and transaction processing metrics are the primary factors driving the prediction that it may reach $330 and balloon to 50% of Ethereum’s current market capitalization. Solana Edging Over Ethereum […]
VanEck To Halt & Liquidate Ethereum ETF Futures Amid Market Decline
VanEck to halt and liquidate its Ethereum ETF Futures due to declining market interest, poor performance, and regulatory uncertainty, causing a significant drop for ETH price. VanEck, a leading investment management firm, has announced plans to shut down and liquidate its Ethereum Futures ETF (EFUT). This move is seen as a significant blow to Ethereum’s price, which […]