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Fund Launched to Track Bitcoin Staking Layer 1 Core Token Performance
Play To Earn Games | 28 Jun 2024 14:42 UTC
An Innovative Leap in Blockchain Finance: The Launch of CORE ETP
The financial and crypto landscape is once again abuzz with a groundbreaking development that promises to bridge the gap between traditional investment mechanisms and the burgeoning world of decentralized finance. This time, the spotlight is on the CORE token, a native currency of the Bitcoin layer-1 blockchain known as Core, which is making its way to the Sweden's Spotlight Stock Exchange in the form of an Exchange-Traded Product (ETP).
This monumental step, spearheaded by the Toronto-based digital asset manager, Valour, signifies a major push towards integrating the Core blockchain network into the sphere of conventional investment portfolios. Valour, operating under the larger umbrella of DeFi Technologies, is at the forefront of making digital assets more accessible and understandable for traditional investors.
What Makes CORE Stand Out?
In a world teeming with digital currencies and blockchain networks, CORE sets itself apart with its pioneering approach to staking. For years, Bitcoin enthusiasts have searched for effective ways to earn yield on their holdings without having to part with their BTC or wrap it into other tokens. Core Chain presents a solution that could potentially transform this landscape.
The platform reveals an unprecedented non-custodial BTC staking mechanism that leverages a unique consensus model dubbed Satoshi Plus. This model ingeniously combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), allowing Bitcoin holders to partake in the network’s consensus without relinquishing control over their assets.
Such innovative strides have already started bearing fruit. The amount of Bitcoin staked through Core's consensus mechanism has skyrocketed, surpassing the $200 million mark, a testament to the growing confidence and interest from the crypto community.
A New Avenue for Investors
The introduction of the CORE ETP on the Spotlight Stock Market is not just a win for Core but signifies a larger trend towards diversification and acceptance of crypto-based products in traditional finance. Following closely on the heels of the Velour Hedera ETP launch in Germany, it underscores a growing appetite among European investors for decentralized finance (DeFi) products.
This ETP offers a straightforward and regulated way for investors to gain exposure to the Core blockchain's native token, bypassing the complexities often associated with direct cryptocurrency investments. It's a significant development for institutions and individual investors alike, aiming to dip their toes into the world of crypto without having to navigate the intricate details of blockchain technology.
By deploying over $1.25 trillion in trapped Bitcoin liquidity, the Core blockchain aims to revolutionize how BTC holders can earn yields. Through block rewards and transaction fees, stakers can benefit from the network's EVM-Compatible smart contract protocol, unlocking new avenues for passive income.
Rapid Adoption and Stellar Performance
Since launching its mainnet in January 2023, Core has seen a surge in adoption, with over 18 million unique addresses and a staggering 256 million processed transactions. These figures are a clear indicator of the blockchain technology's robustness, efficiency, and the trust it has cultivated within the crypto community.
Core’s innovative approach to Bitcoin staking and its subsequent success in attracting significant staking pools and transactions highlight the potential of this blockchain to fundamentally alter how digital assets are held, used, and invested in.
In Summary
The Valour CORE ETP represents a significant milestone in the amalgamation of traditional finance and decentralized finance, offering a tangible, secure, and regulated vehicle for investing in one of the most promising digital assets today. It highlights the growing recognition and acceptance of blockchain technologies and cryptocurrencies within the mainstream financial sector, paving the way for more innovation, integration, and inclusivity in the investment world.
As the lines between traditional and digital finance continue to blur, the launch of the CORE ETP on the Spotlight Stock Market is a clear sign that we are moving towards a future where the two can coexist harmoniously, offering investors the best of both worlds.
The Ripple Effect of Declining Runes Transactions on Bitcoin's Ecosystem
The Bitcoin blockchain has seen its fair share of innovations and adaptations over the years, but recent trends present a fascinating case study into the impacts of token standards on the network A notable player in this narrative is the Runes token standard, which, according to Dune Analytics, has experienced a significant downturn in activity This development isn't just a statistic but a story of how emerging technologies interact with the robust ecosystem of Bitcoin, affecting everything from miner fees to the fundamental economics of the blockchain
A Sharp Decline in Runes Activity
The recent data is striking: daily transactions involving Runes tokens have plummeted by over 88% from their peak just a few months ago This decline is significant, not merely for the numbers themselves but for what it signifies about the adoption and usage of new token standards within the Bitcoin network...
The Dawn of a New Era: Understanding the EU’s Latest Crypto Regulations
The digital financial realm is on the brink of a significant transformation With the European Union taking decisive steps towards the regulation of crypto assets, a new chapter unfolds, promising a landscape where stability meets innovation At the forefront of dissecting these changes is a recent report by a leading blockchain analytics company, which sheds light on the unfolding reality of the so-called "Stablecoins Regime" set to come into effect by mid-2024
A Surge in Stablecoin Dominance
In an astonishing revelation, the analysis shows that stablecoins, a type of cryptocurrency designed to minimize price volatility, accounted for a staggering 60% of the $10 trillion on-chain transaction volume in 2023 Daily, an average of $17...
The New Champions of Decentralized Trading: Solana's Surprising Rise
It's a big day in the world of decentralized finance (DeFi) An unexpected shift has thrown the DeFi community into a whirlwind of excitement and speculation The latest data is in, and it shows a new leader on the block: Solana has officially overtaken Ethereum in daily decentralized exchange (DEX) trading volume This remarkable achievement has sparked conversations about the future dynamics of DeFi and the potential for new leaders to emerge in this innovatively competitive landscape
A New Leader Emerges
This recent transition in leadership positions Solana's DEXs at the forefront, boasting an impressive $1...