The exchange-traded fund (ETF) is the second multi-asset cryptocurrency investment vehicle approved for trading in the United States. Asset manager Hashdex expanded its Crypto Index US exchange-traded fund (ETF) to include XRP (XRP), SOL (SOL) and Stellar (XLM) following the generic listing rule change from the Securities and Exchange Commission (SEC). The Nasdaq stock exchange-listed ETF now includes five cryptocurrencies held 1:1 by the fund, including Bitcoin (BTC) and Ether (ETH), and is trading under the ticker symbol NCIQ, according to Thursday’s announcement. The SEC approved generic listing standards for ETFs in September, paving the way for a faster ETF approval process for eligible cryptocurrencies. Read more
Blockchain analytics are evolving with AI, turning raw onchain data into actionable insights for investors, law enforcement and everyday users. The blockchain industry has always prided itself on transparency. Every transaction on a public blockchain is permanently recorded, visible to anyone with an internet connection. Still, with billions of transactions and hundreds of millions of wallet addresses, the sheer scale of that transparency can be paralyzing. Without the right tools, it’s less a crystal-clear ledger and more a haystack hiding countless needles. That is where blockchain analytics comes in. The latest episode of The Clear Crypto Podcast discusses how blockchain’s radical openness has created both opportunities and challenges, and now, artificial intelligence (AI) may be the missing piece in making sense of it all. Read more
The new $100 million facility with Two Prime boosts CleanSpark’s total borrowing capacity to $400 million, fueling data center and hashrate expansion plans. Bitcoin mining company CleanSpark secured its second $100 million credit line this week without issuing new shares, highlighting the growing role of digital assets as collateral in mainstream finance. The latest facility, disclosed Thursday, was arranged with Two Prime, an institutional Bitcoin (BTC) yield platform, and is backed entirely by CleanSpark’s Bitcoin treasury. With this agreement, CleanSpark’s total collateralized lending capacity is now $400 million. The non-dilutive nature of the financing is particularly notable. Public companies often raise growth capital through equity offerings, which can dilute existing shareholders’ stakes. By using its nearly 13,000 BTC holdings as collateral instead, CleanSpark gains access to liquidity while preserving shareholder value. Read more
PayPal has teamed up with Spark to boost PYUSD liquidity, with deposits already topping $135 million on the decentralized finance (DeFi) lending protocol. PayPal has partnered with decentralized finance (DeFi) protocol Spark to expand liquidity for its US dollar stablecoin, PayPal USD (PYUSD). PayPal's stablecoin has attracted more than $135 million in deposits since its August listing on SparkLend, a lending market focused on stablecoins, according to a Thursday statement. SparkLend was launched in 2023 out of the MakerDAO ecosystem and later integrated into Maker’s successor entity, Sky. It runs the Spark Liquidity Layer, which is backed by more than $8 billion in stablecoin reserves, according to the protocol. Read more