21Shares AG, a leading issuer of exchange-traded products, has made waves in the financial market by launching a new Toncoin staking ETP named TONN on the SIX Swiss Exchange. This move comes as Toncoin sees a significant rise in value, boosted by its recent integration with the messaging giant Telegram. TONN stands out by offering investors the chance to earn staking rewards without the hassle of managing a staking node. It tracks Toncoin’s performance and reinvests staking yields, with a management fee of 2.5% per annum. At its inception, TONN is expected to manage about $40 million in assets, indicating strong market interest.

21Shares, known for its broad portfolio of over 40 ETPs across more than ten exchanges, has confirmed its position as a crypto market innovator with approximately $7 billion in assets under management as of late March. The company’s co-founder and CEO, Hany Rashwan, highlighted the firm’s commitment to meeting investor demand for new and exciting financial products, emphasizing the strategic market analysis that led to TONN’s launch.

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BIGCAP COINS:

1. Pepe: Market Cap of $3.1 Billion.
2. Bitcoin: Market Cap of $1.3 Trillion.
3. Solana: Market Cap of $80.5 Billion.

MIDCAP COINS:

1. Ondo: Market Cap of $1.1 Billion.
2. Super Trump: Market Cap of $10.2 Million.
3. Shadow Token: Market Cap of $336 Million.

RISING COINS:

1. Realio Network: Market Cap of $18.6 Million.
2. pepeCoin: Market Cap of $590 Million.
3. OpSec: Market Cap of $201 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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“What underpins a world order is always the financial system.

We are on the brink of a dramatic change where we are about to, and I’ll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one is what we call blockchain.

It means digital. It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens. In my opinion, we’re going to need a digital constitution of human rights if we’re going to have digital money.

Most people think that digital money is…

Read more on BitcoinMagazine

Per a press release sent to Bitcoin Magazine, United States Senator Cynthia Lummis (R-WY) is set to appear in Washington D.C. alongside Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ:MARA), to discuss the importance of maintaining the competitiveness of bitcoin mining in the United States.

News of Lummis’s participation in The Bitcoin Policy Summit by The Bitcoin Policy Institute (BPI) comes after comments made by the Senator in support of bitcoin mining earlier this year: “Bitcoin mining is good for America’s energy grids and the development of new/stranded energy resources… Bitcoin miners, we’d love to have you in Wyoming.”

Lummis has maintained a track record of…

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Bitcoin self-custody platform Casa announced that it’s launching a new inheritance product — Casa Inheritance — for its global customer base. 

Casa, known for helping crypto investors secure their BTC and other digital assets with multisig vaults, aims to make it easy for its customers to transfer their digital assets to their loved ones when said customers pass away.

“What we’ve found through talking to our customers is that their family members do not know how to use a hardware wallet and do not want to [use them],” co-founder and CEO of Casa Nick Neuman told Bitcoin Magazine. 

“This [product] lets them have an experience that feels really comfortable. They just use the…

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Renowned crypto analyst Willy Woo suggests that BlackRock’s immense $9.5 trillion in assets under management could transition towards digital assets, notably Bitcoin, as younger generations display increasing confidence in cryptocurrency. This proposition follows recent statements by BlackRock CEO Larry Fink, who emphasized the necessity of attracting younger investors disillusioned with conventional financial systems, particularly concerning retirement savings. Bloomberg’s analysis echoes this sentiment, attributing Fink’s interest in Bitcoin to its appeal among digitally native demographics.

Woo highlights a significant uptick in inflows into spot Bitcoin ETFs, with a daily net influx of $418 million recorded on March 26 amidst general market volatility. He notes a resurgence in Bitcoin ETF flows post-selling, indicating renewed confidence from institutional and retail investors. As the cryptocurrency market matures and garners attention from traditional financial institutions, the gradual adoption of digital assets by major players like BlackRock could further solidify Bitcoin’s role in global finance, potentially reshaping the investment landscape for years to come.

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In a big update, Court has determined that the Securities and Exchange Commission (SEC) provided enough evidence to show that Coinbase acts like an exchange, a broker, and a clearing agency according to federal laws related to securities. This includes Coinbase’s Staking Program, which the court believes involves offering and selling securities without proper registration. However, the court did agree with Coinbase regarding one part of the SEC’s claims about Coinbase’s digital wallet, indicating that the SEC’s arguments in this area were not convincing enough, and thus, those specific claims were not accepted.