DeFI News by Thebittimes.Com

VanEck chief executive Jan van Eck is outlining what he thinks will be the biggest milestone for the crypto sector in 2025. While speaking with Anthony Pompliano at Bitcoin Investor Week, Van Eck argues that stablecoins are the most interesting part of the digital asset world. The CEO praises the stablecoin legislation working its way through the Senate, but he also says he’s worried US banking regulators will try to kill the bill or “say you have to be a bank to issue a stablecoin.” Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in February. The legislation, which aims to establish regulatory clarity for stablecoins, passed out of the Senate Banking Committee earlier this month. Van Eck also thinks there’s a “big opportunity” with tokenization. “If Hester Peirce and the SEC do what they say they’re going to do… I don’t think we ...

VanEck says Bitcoin is poised to record “repeated all-time highs” in coming months and could reach $180K by next year. “It is just getting started,” said VanEck’s head of digital asset research Matthew Sigel in a Nov. 14 interview with CNBC’s Squawk Box. He added that the market is now in “blue sky territory” with “no technical resistance.”  Number Of Calls To VanEck About BTC “Starting To Accelerate” During the interview, Sigel said that VanEck has experienced an influx in the number of calls from investment advisers who are either not yet invested in BTC or want to increase their exposure in the leading crypto. He subsequently predicted that capital will soon flow into Bitcoin. Sigel did, however, warn that a post-election dump may be in the cards for the flagship crypto. He noted that BTC’s price is currently displaying a similar pattern to that seen after the 2020 elections, when it doubled in...

James Seyffart, an analyst at Bloomberg Intelligence, reports that the American asset manager, VanEck, has submitted their fifth S-1 Amendment for their spot Bitcoin ETF.  The updated filing reveals their ticker $HODL. Seyffart also described a few highlights in the amendment , including the create or redeem language within the S-1 filings encompasses both in-kind and cash, which he suggests may be a trend in retaining this optionality.  Update: @vaneck_us has submitted an S-1 Amendment for their spot #Bitcoin ETF. They’ve been trying to launch this thing for so many years that it’s amendment number 5 for them. pic.twitter.com/hBugrf8NVK — James Seyffart (@JSeyff) December 8, 2023 However, at the same time, Seyffart noted that 19b-4 approvals might initially limit creations to cash, pending potential updates for confirmation. For this reason, there is still ongoing anticipation for further clarity. At the end of October, VanEck submitted an amended application for a spot...