NewsBriefs - VanEck plans to establish a Bitcoin fund in Vietnam
03/18/2025 11:00
VanEck, an asset management company with approximately $113.8 billion under management, is planning to establish a Bitcoin investment fund i...
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VanEck plans to establish a Bitcoin fund in Vietnam
VanEck, an asset management company with approximately $113.8 billion under management, is planning to establish a Bitcoin investment fund in Vietnam in collaboration with SSI Securities. CEO Jan van Eck discussed this initiative and the broader digital asset market's development potential with Vietnam's State Securities Commission and Deputy Minister of Foreign Affairs. This move aligns with VanEck's pioneering role in cryptocurrency ETFs and its strategy to expand digital asset partnerships and technology transfer in Asia.
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VanEck plans to establish a Bitcoin fund in Vietnam
VanEck, an asset management company with approximately $113.8 billion under management, is planning to establish a Bitcoin investment fund in Vietnam in collaboration with SSI Securities. CEO Jan van Eck discussed this initiative and the broader digital asset market's development potential with Vietnam's State Securities Commission and Deputy Minister of Foreign Affairs. This move aligns with VanEck's pioneering role in cryptocurrency ETFs and its strategy to expand digital asset partnerships and technology transfer in Asia.
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Solana futures launch on CME with $5M in first-day trading volume
Solana futures traded for the first time on the Chicago Mercantile Exchange (CME) on March 17, marking the crypto's growing mainstream adoption. The initial trading involved both standard and micro contracts, which are cash-settled and represent a significant step in providing regulated crypto derivatives in the US market. Early trades suggest a bearish sentiment, and the introduction of these futures follows the launch of similar products by Coinbase. The move by CME could potentially support future growth in crypto derivatives, specifically for Solana.
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Pavel Durov confirms he returns to Dubai amid ongoing Telegram investigation
Pavel Durov said on his Telegram channel that he has returned to Dubai from France amidst an ongoing investigation involving criminal activities on Telegram. He thanked the investigative judges, his legal team, and Telegram's global community for their support and efforts. Durov emphasized Telegram's commitment to exceeding its legal obligations in terms of moderation and cooperation.
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OKX halts DEX aggregator to curb misuse by Lazarus Group
OKX has temporarily suspended its decentralized exchange (DEX) aggregator to address misuse by the Lazarus Group, a North Korean hacking collective. OKX announced the precautionary measure following the detection of attempts by the group to exploit its decentralized finance (defi) services. The crypto exchange is implementing additional security upgrades during this suspension. Despite the ongoing internal review, OKX will continue providing wallet services, although it will halt new wallet creation in certain markets. The security enhancements aim to better identify and block hacker activities on its platform.
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FalconX completes first CME Group SOL futures trade with StoneX
FalconX, a digital asset prime broker, executed the first block trade of CME Group's Solana (SOL) futures with StoneX, marking a significant advancement in institutional crypto derivatives trading. This execution underlines the growing institutional interest in cryptocurrencies beyond bitcoin and ether, offering regulated, capital-efficient trading options. The launch of SOL futures caters to this demand, providing institutional investors with new tools for risk management and portfolio expansion in the crypto space.
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Bank of Korea rejects Bitcoin for reserve due to volatility and non-compliance with IMF guidelines
The Bank of Korea has declined to consider incorporating bitcoin into its foreign exchange reserves, citing the cryptocurrency's high volatility and non-compliance with International Monetary Fund guidelines on liquidity and risk management. This decision comes despite recent moves by other nations following US President Donald Trump's creation of a Strategic Bitcoin Reserve from confiscated assets.
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VanEck files for an AVAX ETF aiming for direct exposure
VanEck has filed with the US Securities and Exchange Commission to create an Avalanche (AVAX) exchange-traded fund (ETF), intending to offer investors direct exposure to the smart contract platform. The fund aims to reflect AVAX's price performance, less the operational expenses, and will value its shares based on the MarketVector Avalanche Benchmark Rate.
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CNV of Argentina finalizes regulations for crypto service providers
Argentina's National Securities Commission (CNV) has finalized regulations for virtual asset service providers (VASPs), as outlined in General Resolution No. 1058. These regulations establish standards for registration, cybersecurity, asset custody, anti-money laundering practices, and risk disclosure to ensure transparency, stability, and user protection in the crypto ecosystem. Additionally, the rules mandate a separation of company and client funds, regular audits, and monthly reporting. VASPs must comply by staggered deadlines based on their geographical incorporation, with severe penalties for noncompliance.
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REX launches Bitcoin Corporate Treasury Convertible Bond ETF
REX has introduced the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), a novel fund on NASDAQ offering exposure to convertible bonds from firms using Bitcoin in their corporate treasuries. Designed for easier investment in convertible bonds tailored by companies like Strategy, the ETF is managed actively focusing on issuers well-versed in Bitcoin-backed corporate debt.
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Russia employs crypto to circumvent sanctions in oil trades with China and India
Russia is utilizing cryptocurrencies, such as bitcoin and ether, through intermediaries to facilitate oil trades with China and India, effectively bypassing Western sanctions. This method helps convert yuan and rupees into rubles more smoothly and uses stablecoins like USDT, although Tether can freeze these funds to comply with regulations. The crypto-based transactions are an operational adaptation in response to sanctions imposed following Russia's invasion of Ukraine, highlighting crypto's increasing role in international trade amid regulatory challenges.
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BlackRock BUIDL fund surpasses $1 billion in investments, propelling tokenized treasury sector to new heights
One year after its inception, BlackRock's BUIDL, a tokenized treasury fund, has attracted over $1 billion, with recent investments including a $200 million infusion from Ethena Labs. BUIDL, developed in partnership with Securitize, provides crypto investors with exposure to US Treasury bills, cash, and repurchase agreements on the Ethereum blockchain. The broad tokenized treasury market has also expanded, reaching a record $4.4 billion in size, driven by contributions from firms like Franklin Templeton, Ondo Finance, and Superstate. This rise reflects a growing institutional interest in tokenized assets within the crypto landscape.
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US Senate advances major stablecoin regulatory bill
The US Senate Banking Committee has advanced a significant stablecoin regulation bill, marking a pivotal step toward potential enactment. The bill, targeting federal regulation of US stablecoin issuers, won committee approval with an 18-6 vote and now moves towards a full Senate vote, paralleling action in the House of Representatives. Despite remaining challenges, including reconciling Senate and House versions, this development signals substantial legislative movement in crypto regulation.
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Aave Labs launches Horizon to target institutions with real-world asset initiatives
Aave Labs has introduced Horizon, a new initiative designed to foster the institutional adoption of decentralized finance (DeFi) by integrating traditional finance with DeFi. Horizon will leverage the Aave ecosystem to offer structured real-world asset (RWA) solutions, enabling institutions to use tokenized money market funds as collateral for stablecoin liquidity. The initiative will enhance the role of Aave's stablecoin GHO and aims to bridge the gap between traditional finance and DeFi while addressing the need for compliance and risk management in institutional DeFi engagement.
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Argentine lawyer calls for international arrest of LIBRA founder Hayden Davis
Attorney Gregorio Dalbon has requested the Argentine courts to issue an international arrest warrant for $Libra founder Hayden Mark Davis, citing the risk of him fleeing the US and impeding an ongoing investigation into a major crypto scam. Dalbon argued that Davis's substantial financial resources and critical role in creating and promoting $LIBRA, combined with the scandal's international impact, greatly increase the chance of him evading justice. This legal action follows allegations linking the scam to high-profile Argentine politicians and significant losses for investors.
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Crypto trader loses $215K to MEV bot in sandwich attack on Uniswap
A crypto trader lost $215,500 due to a sandwich attack by an MEV bot during a stablecoin swap on Uniswap, converting $220,764 worth of USD Coin to just $5,271 of Tether in eight seconds. This incident highlights vulnerabilities in decentralized trading platforms against MEV tactics.
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