Zionbook Bank has begun offering bitcoin-backed loans to corporate customers, with a third-party custodian using the cryptocurrency as collateral. South Korea’s Jeonbuk Bank, a subsidiary of JB Financial Group, has reportedly begun issuing bitcoin-backed loans to its corporate customers. Local outlet EDaily Report On Monday JionBook Bank became the first commercial bank in the country … Read more
Crypto asset manager Bitwise has launched the first US spot exchange-traded product tracking NEAR, which gives investors exposure to the token through fund trading on the NYSE Arca. The Bitwise NEAR ETF, trading under the ticker NRR, carries a 0.75% management fee and will hold NEAR directly with the intention of holding a significant portion … Read more
Apple on Wednesday launched the Apple Watch Series 12 and Apple Watch Ultra 4 at its Surprise and Shine event in Cupertino. While smartwatches have not received major hardware updates, they have received some major software updates. Most notably, Apple is targeting the growth of AI wearables with a new “Audio Intelligence” feature that lets … Read more
Stablecoin issuer Circle has launched a bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC via the onchain transaction market. D serviceCalled Digital Asset-Backed Borrowing, it allows customers to deposit Bitcoin, Mint Circle’s wrapped Bitcoin token ServiTC, and offer it as collateral in third-party loan … Read more
The new ASSX fund offers 2x daily exposure to Strive shares, giving traders a convenient way to bet on bitcoin treasury companies. REX Shares and Tuttle Capital Management have launched a leveraged ETF that seeks to double the daily performance of Strive, a publicly traded bitcoin treasury company and asset manager. T-REX 2X LONG ASST … Read more