Articles for category: Crypto

September 17, 2025

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Botanix Unveils stBTC: A New Era of Yield-Bearing Bitcoin

In a significant development for the cryptocurrency landscape, Botanix has introduced its innovative yield-bearing Bitcoin standard, known as stBTC. This new offering allows users to stake their Bitcoin and earn yield directly from the transaction fees generated on Botanix’s Ethereum Virtual Machine (EVM) compatible sidechain. The launch of stBTC offers users a unique opportunity to receive native yield on their Bitcoin investments, with projections indicating potential annual percentage yields (APY) of up to 30%. According to a statement shared with The Defiant, these yields will commence on September 18 and be linked to the activity and usage on the Botanix

September 17, 2025

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Botanix Unveils stBTC: A Revolutionary Yield-Bearing Bitcoin Standard

In an exciting development for Bitcoin enthusiasts, Botanix has launched its innovative yield-bearing Bitcoin standard known as stBTC. This introduction allows users to earn sustainable yields directly on their Bitcoin holdings, harnessing the power of the Botanix network. Botanix, which operates as a Bitcoin sidechain compatible with the Ethereum Virtual Machine (EVM), allows users to stake their Bitcoin and benefit from transaction fees generated on the Botanix platform. These fees, denominated in Bitcoin, will produce native yields that users can redeem at any time. The yield rates are contingent upon the activity influx on the Botanix network, which aims to

September 17, 2025

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CoinDesk 20 Update: Filecoin Faces 3.3% Dip, Pulling the Index Downward

The latest update from CoinDesk Indices reveals a slight downturn in the CoinDesk 20 Index, influenced significantly by the underperformance of Filecoin (FIL). As of the latest trading session that concluded at 4 p.m. ET on Tuesday, the CoinDesk 20 Index stands at 4266.45, recording a decrease of 0.5%, translating to a loss of 21.06 points. Among the assets tracked within the CoinDesk 20, only a couple are demonstrating upward momentum. Ethereum (ETH) has managed to gain a modest 0.3%, while NEAR remains stable with no change in value. On the contrary, it’s Filecoin that has drawn attention for its

September 17, 2025

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South Korean Investors Shift $657M from Tesla to $12B in Cryptocurrency Options

In a significant pivot for the South Korean investment landscape, retail investors have withdrawn a record $657 million from Tesla stocks, marking the largest monthly outflow in over two years. This unprecedented move hints at a broader trend of reallocating funds from traditional equities to the burgeoning cryptocurrency market. In August 2025, the exodus from Tesla did not stop with direct stock investments; leveraged financial products associated with the electric vehicle manufacturer also faced significant losses. One such vehicle, the TSLL ETF, saw an astonishing $554 million exit in the same month, the highest since early 2024. With this mass

September 17, 2025

viralnado

South Korean Investors Shift $657 Million from Tesla to $12 Billion in Cryptocurrencies

South Korean retail investors have historically been major supporters of Tesla, significantly contributing to the company’s stock market success. However, recent developments indicate a marked change in sentiment. In August 2025, these investors withdrew an impressive $657 million from Tesla stocks — the highest monthly outflow recorded in over two years. This trend extends beyond equities, as investments in related financial products, such as the leveraged Tesla exchange-traded fund (ETF), TSLL, also faced significant outflows of $554 million in the same month. Although South Koreans continue to hold approximately $21.9 billion in Tesla shares, making it their largest foreign equity

September 17, 2025

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Markets Await Fed’s Direction Amidst Stable Crypto Performance

By Francisco Rodrigues (All times ET unless indicated otherwise) Global markets are on standby as investors anticipate the Federal Reserve’s forthcoming policy announcement, scheduled for later today. A consensus among analysts suggests the Fed will lower interest rates by 25 basis points, but the focus will predominantly be on Chair Jerome Powell’s remarks regarding the central bank’s future policy direction. The cryptocurrency sector mirrors this cautious sentiment. Over the past 24 hours, the CoinDesk 20 (CD20) index has remained almost stagnant, rising only 0.2%. Bitcoin (BTC) has seen a modest increase of approximately 1%, trading around $116,267.99. Conversely, gold, after

September 17, 2025

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Forward Industries Unveils Ambitious $4 Billion Share Sale to Fuel Solana Treasury Expansion

Forward Industries, a publicly-traded firm on the Nasdaq, recently announced its plan to launch an at-the-market (ATM) equity offering worth up to $4 billion. This strategic initiative aims to provide the company with the flexibility to gradually sell shares to finance its substantial investments in Solana (SOL), a leading blockchain platform. The announcement was made on Wednesday, detailing that shares will be issued through sales agent Cantor Fitzgerald. This offering falls under an automatic shelf registration statement that has been filed with the US Securities and Exchange Commission (SEC), providing a streamlined mechanism for large, publicly-traded companies to raise capital

September 17, 2025

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Forward Industries Launches Ambitious $4 Billion Share Offering to Boost Solana Holdings

Forward Industries, a publicly traded firm on Nasdaq, has unveiled plans for an at-the-market (ATM) equity offering program that could raise as much as $4 billion. This strategic move is designed to provide the company with the flexibility to issue shares over time, specifically to enhance its treasury focused on Solana. In a recent announcement, Forward Industries stated that they will be executing this share issuance in collaboration with sales agent Cantor Fitzgerald. The initiative is backed by an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC), a tool that allows large public companies to

September 17, 2025

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Maple Finance’s Plasma Vault Reaches Full Capacity in Record Time

In a striking demonstration of user demand, Maple Finance has successfully filled its $200 million Plasma pre-deposit vault for syrupUSDT in less than one minute after its launch on Tuesday. The rapid influx of funds saw the vault reach a staggering $199.91 million, which is 99.95% of its limit, even before the official start of deposit acceptance at 9 am EST. The Plasma vault, hosted by Midas, functions as an innovative asset management solution within the decentralized finance (DeFi) landscape. As users flocked to allocate their funds directly through smart contracts, it became clear that the anticipated benefits linked to

September 17, 2025

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Metaplanet Strengthens Bitcoin Focus with New U.S. and Japan Subsidiaries

Metaplanet, recognized as the largest Bitcoin treasury firm in Japan, has announced the establishment of two new subsidiaries, one located in Japan and the other in the United States. This strategic move is accompanied by the acquisition of the bitcoin.jp domain name, further emphasizing the company’s dedication to advancing its activities in the cryptocurrency sector. The Japanese subsidiary, named Bitcoin Japan Inc., will operate out of Tokyo. This unit is set to oversee a diverse array of bitcoin-related initiatives, including media projects, conferences, and various online platforms. Among its multiple ventures, Bitcoin Magazine Japan will be a significant focus, providing