BNB Chain reportedly offers between 1.5% and 3% yield for staking its native token BNB, which may sweeten the pot for investors. REX Shares and Osprey Funds (REX-Osprey) have filed with the US Securities and Exchange Commission for a BNB exchange-traded fund (ETF) featuring staking yield. The filing comes as asset managers step up their push into crypto ETFs and yield-generating strategies. According to the filing, the REX-Osprey BNB + Staking ETF would allocate at least 80% of its capital to BNB (BNB), the native token of the Binance ecosystem, or gain exposure to the asset through a Cayman Islands subsidiary. The remaining assets could be invested in other ETFs or exchange-traded products offering additional BNB exposure. BNB staked on the Binance Chain, which uses a proof-of-staked-authority consensus, is estimated to generate annual yields of 1.5% to 3% for the network's validators. Read more
The software targets market abuse such as insider trading and manipulation across equity and crypto markets. The Commodity Futures Trading Commission (CFTC), a US financial regulator, is integrating a financial surveillance tool developed by stock exchange company Nasdaq in a bid to overhaul its 1990s infrastructure. Nasdaq’s software is focused on detecting market abuse, including insider trading activity and market manipulation in equities and crypto markets, Tony Sio, head of regulatory strategy and innovation at Nasdaq, told Cointelegraph. He said: The data fed into the monitoring system will be “sourced by the CFTC through their regulatory powers,” Sio said. Read more
$5 billion in ETH options expire on Friday, possibly opening the door for bulls to push through the $5,000 barrier. Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. Read more