π Cboe BZX Proposes Rule Change for Invesco Galaxy's Bitcoin and Ethereum ETFs
#CboeBZX #InvescoGalaxy #BitcoinETF #EthereumETF #rulechange #SEC #physicalcreation #redemption #cryptocurrency #publiccomment #BTC #ETH
According to PANews, Cboe BZX Exchange has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) on behalf of Invesco Galaxy. The proposal aims to allow physical creation and redemption of shares for its spot Bitcoin and Ethereum ETFs. This method enables direct exchange of the ETFs' underlying assets, Bitcoin or Ethereum, with ETF shares, bypassing the need for cash transactions. This approach eliminates the necessity for participants to sell the underlying cryptocurrency to create shares, reducing bid-ask spreads and avoiding additional brokerage fees.
As the SEC reviews Cboe's proposed rule change, a public comment period has been initiated, allowing stakeholders to share their opinions before a final decision is made. The document states that authorized participants, institutions involved in the creation and redemption process, will be eligible to use the physical trading model. However, individual investors will still need to use a cash-based model when purchasing or redeeming ETF shares.#CboeBZX #InvescoGalaxy #BitcoinETF #EthereumETF #rulechange #SEC #physicalcreation #redemption #cryptocurrency #publiccomment #BTC #ETH
π Circle Identifies USDT Risks in Business Operations
#Circle #USDT #stablecoins #riskmanagement #cryptocurrency #financialstability #redemption #businessoperations #USDC
According to PANews, Bloomberg analyst James Seyffart highlighted in a recent post that Circle has identified potential risks associated with USDT in its S-1 filing. The shared screenshot reveals that Circle acknowledges negative developments related to USDT or perceived instability could undermine trust in other stablecoins, including those issued by Circle. Temporary price dislocations in the secondary market or a complete run on USDT could lead to sustained redemption demands or similar price dislocations for Circle's stablecoins. Although Circle has never faced an inability to fulfill customer minting or redemption requests during such dislocations, the volatility in inflows and outflows, along with the demand for minting or redemption, could become so intense that operational challenges might arise in meeting these demands.#Circle #USDT #stablecoins #riskmanagement #cryptocurrency #financialstability #redemption #businessoperations #USDC
π Ethena Redemption and USDT Exchange by Influential Trader
#Ethena #USDT #Blockchain #Trader #WhaleHunting #KOL #Redemption #Exchange
According to Odaily, blockchain analyst Ai Yi has reported that the leader of the 'Whale Hunting Squad,' known as KOL @Cbb0fe, has redeemed a total of 17.66 million USDe from Ethena over the past 21 hours. Out of this amount, 12 million USDe were converted back into USDT. In Season 3, this trader accumulated 94.16 million points, representing 0.07% of the total points pool.#Ethena #USDT #Blockchain #Trader #WhaleHunting #KOL #Redemption #Exchange
π SEC Delays Decision on BlackRock Bitcoin Trust Redemption Mechanism
#SEC #Bitcoin #BlackRock #iShares #ETF #redemption #Grayscale #Litecoin #Solana #Dogecoin #BTC #SOL #DOGE
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on BlackRock's iShares Bitcoin Trust's physical redemption mechanism. The regulatory body is seeking public comments on the proposal. Currently, the cash redemption model requires custodians to sell Bitcoin before returning cash to investors. Analysts suggest that approval of the physical redemption could enhance the efficiency of ETF trading.
In addition, the proposals for Grayscale's Litecoin Trust and Solana Trust have been delayed, while the 21Shares Dogecoin ETF has entered the public comment phase.#SEC #Bitcoin #BlackRock #iShares #ETF #redemption #Grayscale #Litecoin #Solana #Dogecoin #BTC #SOL #DOGE
π USDC Circulation Sees Slight Decline Amid Recent Issuance and Redemption
#USDC #Circle #cryptocurrency #circulation #finance #issuance #redemption #reserves #PANews
According to PANews, official data reveals that Circle issued approximately 3 billion USDC and redeemed around 3.2 billion USDC in the seven days leading up to May 29. This activity resulted in a net decrease of about 200 million USDC in circulation. The total circulation of USDC stands at 61 billion, with reserves amounting to approximately 61.3 billion USD. Of these reserves, around 8 billion USD is held in cash, while the Circle Reserve Fund holds approximately 53.3 billion USD.#USDC #Circle #cryptocurrency #circulation #finance #issuance #redemption #reserves #PANews
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π Ethena Labs Initiates Redemption Process for USDe Stablecoin Holders
#EthenaLabs #USDe #stablecoin #redemption #BaFin #regulatorydispute #liquidation #EUmarket
According to PANews, Ethena Labs has reached an agreement with Germany's Federal Financial Supervisory Authority (BaFin) to commence a 42-day redemption process for holders of the USDe stablecoin. BaFin has stated that USDe holders must submit their redemption requests to Ethena GmbH by August 6, after which any claims will be handled by its offshore affiliate, Ethena (BVI) Ltd. This agreement concludes a four-month regulatory dispute between the parties. Ethena GmbH will undergo formal liquidation within Germany, the European Union, and the European Economic Area. It remains uncertain whether Ethena will return to the EU market in the future.#EthenaLabs #USDe #stablecoin #redemption #BaFin #regulatorydispute #liquidation #EUmarket
π SEC Postpones Decision on Bitwise Bitcoin and Ethereum ETF Redemption
#SEC #Bitwise #Bitcoin #Ethereum #ETF #redemption #ForesightNews #BTC #ETH
According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding Bitwise's application for physical redemption of Bitcoin and Ethereum ETFs. The new date for the decision is set for September 8, 2025.#SEC #Bitwise #Bitcoin #Ethereum #ETF #redemption #ForesightNews #BTC #ETH
π Tether Updates Transition Plan for Legacy Blockchains
#Tether #TransitionPlan #LegacyBlockchains #OmniLayer #BitcoinCashSLP #Kusama #EOS #Algorand #USDT #Redemption #Freezing #SmartContracts #Transparency
According to PANews, stablecoin issuer Tether has announced updates to its transition plan for five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Over a year ago, Tether revealed its intention to cease redemption and freezing of USDT tokens on these blockchains starting September 1, 2025, gradually ending support.
In response to feedback from the communities of these discontinued blockchains, Tether has adjusted its approach and will not freeze smart contracts on these networks. While users can still transfer tokens between wallets, Tether will halt direct issuance and redemption of tokens on these blockchains. Consequently, these tokens will no longer receive official support like other Tether tokens.
Tether remains committed to ensuring a smooth transition and will continue collaborating with the community to maintain transparency and clarity throughout the process.#Tether #TransitionPlan #LegacyBlockchains #OmniLayer #BitcoinCashSLP #Kusama #EOS #Algorand #USDT #Redemption #Freezing #SmartContracts #Transparency
π zkLend Announces STRK Redemption Process Completion
#zklend #strk #kstrk #redemption #withdrawal #21day #recoveryportal #stakingportal #voyager #endurfi #starknet #layer2 #unstaking #STRK
According to PANews, zkLend, a Layer 2 native currency market protocol based on Starknet, has announced the completion of the kSTRK redemption and withdrawal process. The 21-day unstaking period has concluded, allowing most kSTRK holders to withdraw STRK from the zkLend staking portal.
For those who have not yet claimed kSTRK from the Recovery Portal, users must unstake and wait 21 days to convert it to STRK. The Recovery Portal will remain open for the next six months.
Users who staked directly with zkLend validators through Voyager or Endurfi must manually unstake or delegate to other validators. However, this process does not apply to the exit queue.#zklend #strk #kstrk #redemption #withdrawal #21day #recoveryportal #stakingportal #voyager #endurfi #starknet #layer2 #unstaking #STRK
π π₯ Binance Alpha Reveals Timeline for River (RIVER) Token Generation Event π₯
#BinanceAlpha #River #RIVER #TGE #TokenGenerationEvent #BuildKey #Sept19 #Sept22 #UTC #BondingCurve #Liquidity #Redemption #Trading #AlphaPoints
Key TakeawaysBuildKey deposits for River (RIVER) open on Sept. 19, 2025, from 7:00 AM to 9:00 AM (UTC).BuildKey trading runs from Sept. 19 at 9:00 AM until Sept. 22 at 9:00 AM (UTC).TGE redemption begins on Sept. 22 at 9:00 AM (UTC).Eligible users must meet Binance Alpha Points requirements to participate.Binance Alpha Confirms River TGE ScheduleBinance Alpha has announced the official schedule for the River (RIVER) Token Generation Event (TGE), giving BuildKey holders clear timelines to prepare for participation.BuildKey Deposit: Sept. 19, 7:00β9:00 AM (UTC)BuildKey Trading: Sept. 19, 9:00 AM β Sept. 22, 9:00 AM (UTC)TGE Redemption: Begins Sept. 22 at 9:00 AM (UTC)Participants must meet the Binance Alpha Points threshold to access the TGE.ο»ΏBonding Curve Pricing and Liquidity NotesRIVERβs TGE will follow a bonding curve pricing model, meaning token prices fluctuate based on demand. Liquidity in the bonding curve pool will remain available for a limited period after the TGE but may decline over time.Users can redeem BuildKeys for RIVER tokens at any time, but Binance cautions participants about market volatility, dynamic pricing, and project-specific risks. Profits are not guaranteed, and participants are encouraged to conduct their own research.#BinanceAlpha #River #RIVER #TGE #TokenGenerationEvent #BuildKey #Sept19 #Sept22 #UTC #BondingCurve #Liquidity #Redemption #Trading #AlphaPoints
π Ethena Confirms Normal Operations Amid USDe Overcollateralization
#Ethena #USDe #overcollateralization #minting #redemption #BlockBeats #DeFi
According to BlockBeats, Ethena has confirmed that its minting and redemption functions are operating normally. The USDe is currently in an overcollateralized state due to additional unrealized profit and loss (UPnL).#Ethena #USDe #overcollateralization #minting #redemption #BlockBeats #DeFi
π Jupiter Announces Major Structural Changes to JUP Ecosystem
#Jupiter #JUP #DAO #Governance #Redemption #LitterboxTrust #JUPecosystem #Voting #ProposalsReduction #121MillionJUP
According to PANews, Jupiter has unveiled significant structural adjustments to the JUP ecosystem. The decentralized autonomous organization (DAO) will shift towards high-impact governance, resulting in a reduction of proposals and the elimination of working groups. Additionally, the redemption period for JUP will be shortened from 30 days to 7 days.
The DAO will conduct a separate vote to decide whether to destroy the 121 million JUP currently held by Litterbox Trust, which constitutes approximately 3.8% of the circulating supply. Following this, another vote will be held to determine the management of future revenues.#Jupiter #JUP #DAO #Governance #Redemption #LitterboxTrust #JUPecosystem #Voting #ProposalsReduction #121MillionJUP
π Tether's Resilience Amid Redemption Waves Compared to Traditional Banks
#Tether #USDT #crypto #redemption #banks #SiliconValleyBank #FirstRepublicBank #WillyWoo #assetbacking #cryptocurrency #cash #Bitcoin #gold #collateralization #BTC
According to PANews, crypto analyst Willy Woo has released a comparative analysis highlighting Tether's (USDT) performance during redemption waves in 2022. Despite experiencing approximately 20β25% redemptions, Tether managed full payouts, outperforming traditional banks such as Silicon Valley Bank, which faced a 25% redemption, and First Republic Bank, which encountered a 57% redemption. Woo emphasized that Tether currently holds 77% of its assets in cash equivalents, with the remainder in gold and Bitcoin, maintaining a total over-collateralization of 3%. Even if volatile assets were to plummet by 30% in extreme market conditions, USDT would still have 95% asset backing.#Tether #USDT #crypto #redemption #banks #SiliconValleyBank #FirstRepublicBank #WillyWoo #assetbacking #cryptocurrency #cash #Bitcoin #gold #collateralization #BTC
π Circle Reports Decrease in USDC Circulation Over Seven Days
#Circle #USDC #Stablecoin #Circulation #PANews #Redemption #Reserve #Cryptocurrency #Blockchain #Finance
Circle has reported a significant change in the circulation of its USDC stablecoin over a recent seven-day period. According to PANews, official data indicates that by January 21, Circle issued approximately 4.8 billion USDC while redeeming around 6.2 billion USDC, resulting in a net decrease of about 1.4 billion USDC in circulation.
The total circulation of USDC stands at 74.4 billion coins, backed by reserves of approximately 74.5 billion USD. These reserves include about 47.8 billion USD in overnight reverse repurchase agreements, 16 billion USD in U.S. Treasury bills with maturities of less than three months, 9.9 billion USD in deposits with systemically important institutions, and around 800 million USD in other bank deposits.#Circle #USDC #Stablecoin #Circulation #PANews #Redemption #Reserve #Cryptocurrency #Blockchain #Finance
π Nathan Chen Reflects on Olympic Journey from Fall to Gold
#NathanChen #OlympicJourney #QuadKing #WinterOlympics #Resilience #GoldMedal #FigureSkating #Redemption #Triumph
American figure skater Nathan Chen, known as the "Quad King," experienced a significant setback during the 2018 Winter Olympics when he fell during his routine. New York Times posted on X, highlighting Chen's journey from this disappointment to triumph. Four years later, Chen achieved redemption by winning a gold medal, showcasing his resilience and determination in the sport.#NathanChen #OlympicJourney #QuadKing #WinterOlympics #Resilience #GoldMedal #FigureSkating #Redemption #Triumph
π Tether to Cease Support for CNHT Product
#Tether #CNHT #crypto #blockchain #redemption #community #productannouncement #marketconditions #cryptocurrency
Tether has announced a strategic adjustment to its CNHT product, ceasing support to better focus on community-driven core products. According to PANews, Tether will halt all new CNHT issuances and stop minting additional tokens effective immediately. A year after the announcement, redemption support for CNHT will end, with a reminder notification to be issued before the redemption deadline.
Tether stated that the decision was influenced by changes in market conditions, low product interest, and limited ongoing demand from the community compared to other assets. The current usage scale of CNHT is insufficient to justify the operational costs required to maintain the same standards as other products.
Until the redemption deadline, Tether will continue to process CNHT redemption requests in accordance with its terms of service. The company advises users holding CNHT on supported blockchain networks to complete redemption operations promptly.#Tether #CNHT #crypto #blockchain #redemption #community #productannouncement #marketconditions #cryptocurrency
π Resolv Labs' USR Stablecoin Plummets Over 74% Following Security Breach
#ResolvLabs #USRStablecoin #SecurityBreach #Cryptocurrency #Devaluation #TokenMinting #NS3AI #CollaterallessTokens #StablecoinCrash #Redemption #CryptoNews
Resolv Labs' USR stablecoin experienced a significant devaluation, losing its peg to the U.S. dollar and dropping by more than 74%. According to NS3.AI, this decline occurred after an attacker minted 80 million uncollateralized tokens, extracting approximately $25 million in value. In response, Resolv Labs announced that it has burned about $9 million in USR and halted all protocol functions. The company is also preparing to facilitate redemptions for pre-incident USR, initially focusing on allowlisted users.#ResolvLabs #USRStablecoin #SecurityBreach #Cryptocurrency #Devaluation #TokenMinting #NS3AI #CollaterallessTokens #StablecoinCrash #Redemption #CryptoNews
π Private Credit Industry Faces $4.6 Billion in Redemption Requests
#PrivateCredit #Finance #Investing #Redemption #AssetManagement #MarketRisk #CapitalFlow
The private credit industry is currently experiencing a significant wave of redemption requests, resulting in over $4.6 billion of investor capital being trapped due to withdrawal limits. Bloomberg posted on X, highlighting that more asset managers are anticipated to impose additional curbs in the coming weeks. This situation underscores the growing challenges within the sector as investors seek to withdraw their funds amid market uncertainties.#PrivateCredit #Finance #Investing #Redemption #AssetManagement #MarketRisk #CapitalFlow
π Circle Reports Decrease in USDC Circulation Over Seven Days
#Circle #USDC #Stablecoin #Circulation #PANews #Redemption #Reserve #Treasury #FinancialInstitutions #BankDeposits
Circle has reported a significant decrease in the circulation of its USDC stablecoin over the past week. According to PANews, official data indicates that between March 20 and March 26, Circle issued approximately 3.8 billion USDC while redeeming around 4.9 billion USDC, resulting in a net reduction of about 1.1 billion USDC in circulation.
The total circulation of USDC now stands at 78 billion coins, backed by reserves of approximately $78.2 billion. These reserves include $44.1 billion in overnight reverse repurchase agreements with U.S. Treasury securities, $22.4 billion in Treasury bills with maturities of less than three months, $11.1 billion in deposits with systemically important financial institutions, and $600 million in other bank deposits.#Circle #USDC #Stablecoin #Circulation #PANews #Redemption #Reserve #Treasury #FinancialInstitutions #BankDeposits
π Binance to Update RWUSD Subscription Options with United Stables
#Binance #RWUSD #UnitedStables #USDT #USDC #YieldProduct #Crypto #APR #Subscription #RealWorldAssets #TokenizedUSTB #GlobalUsers #Redemption #Finance #Cryptocurrency
According to the announcement from Binance, a significant update for RWUSD will take effect on 2026-03-30. Users in eligible jurisdictions will be able to subscribe to RWUSD using U (United Stables) at a 1:1 ratio. This update is in addition to the existing options of subscribing with USDT or USDC, depending on regional eligibility.
RWUSD is described as a principal-protected yield product offering flexible-term subscriptions with daily APR rewards. It is designed to provide stable returns in both rising and falling market conditions. The yield is supported by income generated from Binanceβs ecosystem and other sources, including real-world assets like tokenized US Treasury Bills. Users can subscribe to RWUSD through the USD Yield Hub by entering the subscription amount, agreeing to the terms, and confirming the subscription.
Qualified global users can subscribe to RWUSD with USDT and U, while eligible users in the EEA region can use USDC. For redemption, Binance will return assets to USDC from RWUSD on a 1:1 ratio, regardless of the initial subscribed assets. Fast Redemption incurs a 0.1% fee, while Standard Redemption incurs a 0.05% fee. Occasionally, Binance may offer a daily free Fast Redemption quota, subject to its discretion. The APR is discretionary and subject to change, representing an estimate of rewards in cryptocurrency over the selected timeframe. RWUSD is not a stablecoin, security, fund, tokenized RWA, or on-chain asset, and it does not represent any user rights to RWAs. It is not available to U.S. persons and cannot be traded, transferred, or withdrawn on-chain.#Binance #RWUSD #UnitedStables #USDT #USDC #YieldProduct #Crypto #APR #Subscription #RealWorldAssets #TokenizedUSTB #GlobalUsers #Redemption #Finance #Cryptocurrency