Institutional interest in crypto has been rising as regulatory clarity increases in the United States. PNC Bank is set to offer crypto services to clients through a new partnership with Coinbase, following the signing of federal crypto legislation. PNC Bank announced its crypto move on Tuesday. With Coinbase support, the US bank will offer its clients the ability to buy, sell and hold digital assets without logging out of their accounts. The move will be made possible through Coinbase’s Crypto-as-a-Service platform. In turn, PNC Bank will offer Coinbase some of its banking services. Read more
SSK, the first US ETF to combine spot Solana exposure with on-chain staking rewards, attracted over $100M in 12 trading days. SSK, the Solana staking exchange-traded fund (ETF) from REX-Osprey, surpassed $100 million in assets under management (AUM) since its launch on July 2. The fund is the first US-listed ETF to combine spot Solana (SOL) exposure with onchain staking rewards. While most crypto ETFs are registered under the Securities Act of 1933, which doesn’t allow funds to distribute staking rewards, SSK is registered under the Investment Company Act of 1940. That structure permits the fund to pay out staking income like dividends, important to investors seeking yield, not just speculation on asset prices. According to Rex-Opsprey founder and CEO REX-Osprey Greg King, the ETF’s growth shows investor demand for blockchain-native investment products in familiar formats. In a press release, he said SSK is “opening the door for mainstream investors to access the power of Solana staking through the familiar E...
Meme stocks are rallying in lockstep with crypto and the broader stock market, with gains reminiscent of the pandemic era. Shares of Opendoor Technologies (OPEN) have skyrocketed more than 170% over the past five trading days after being crowned this season’s meme stock by traders on Reddit’s WallStreetBets. Shares of the online real estate marketplace have seen an upsurge in speculative interest and trading volumes over the past month after gaining traction among traders on Reddit’s WallStreetBets — a community known for spotlighting meme stocks. Previously a penny stock, Opendoor shares have soared more than 500% over the past 30 days, trading at $3.11 at the time of writing. Read more
SharePoint’s cloud-based platform remains unaffected, with the vulnerabilities limited to on-premises installations, Microsoft said. Microsoft has published emergency security patches to protect users from zero-day vulnerabilities affecting its SharePoint work management software, the company said on its website. The vulnerabilities, which have led to spoofing attacks that steal sensitive data and passwords, have impacted governments, businesses and universities worldwide. “Microsoft is aware of active attacks targeting on-premises SharePoint Server customers by exploiting vulnerabilities partially addressed by the July Security Update,” a company blog post published on Sunday read. The vulnerabilities affect SharePoint software that operates on-premises and not the SharePoint 365 version that runs on the cloud, Microsoft said. The patches Microsoft has released, which are cumulative, are geared toward the “SharePoint Server Subscription Edition,” “SharePoint Server 2019” and “SharePoint Server 2016.” Read mo...