Four XRP ETFs Now Sit in a Schwab Money Fund’s Repo Collateral
Shares in four U.S. spot XRP exchange-traded funds (ETFs) are being pledged as collateral against nearly $4 billion of borrowing from a Charles Schwab money market fund, according to the fund’s latest monthly filing. What the Filing Shows Charles Schwab Family of Funds recently filed its monthly N-MFP3 portfolio report, covering the period ended Aug. […] Powered by...
Ripple’s Legal Chief Chases Democratic Votes to Save the CLARITY Act
Ripple chief legal officer Stuart Alderoty says he has gone to the offices of senators who are undecided on or opposed to the CLARITY Act with a single request: meet a real American crypto holder before you vote. The Ask Alderoty made the request public in a deliberately unglamorous fashion, calling not lobbyists or exchange […] Powered by...
Grayscale’s Zcash ETF Tops $500M, but $100M Came From a DCG Affiliate
Grayscale said its Zcash ETF passed $500 million in assets two weeks after listing. A regulatory filing shows $100 million of that arrived from a company affiliated with the fund’s own sponsor. What the Filing Actually Says Grayscale told followers on Sept. 8 that the world’s only Zcash fund had surpassed $500 million in assets […] Powered by...
Kucoin Rolls out Yield Product to Tackle Idle Capital Problem
Stablecoins supply core market liquidity, yet large balances often sit idle to meet instant trading and margin needs. Kucoin says it has unveiled a solution that reduces the trade-off between earning returns and retaining trading utility. The Problem With Idle Capital Cryptocurrency exchange Kucoin argues that while stablecoins underpin the vast majority of liquidity across […] Powered by...
Bill Gates, Retired, Took Customer Support Duty at His Daughter’s Startup
Bill Gates spent a day handling customer support at Phia, the sustainable fashion startup co-founded by his daughter Phoebe Gates and Sophia Kianni, taking on the role of a “luxury customer advisor.” Phia sells an app and Chrome extension that scans more than 40,000 sites to find fashion deals and second-hand alternatives. Gates later said […] Powered by...
