Advertisement

Loading...

🆕 Leveraged Ethereum ETFs Debut Before Spot Funds

Together with

the-defiant

GM Defiers!

Despite the highly anticipated spot Ether ETFs not yet trading, asset issuers are moving to offer leveraged funds. The first 2x leveraged Ethereum ETF went live on June 4, while the first 2x short fund will debut on June 7.

Tokenization continues to garner adoption from major financial institutions, with Galaxy Digital launching a multi-million loan against an NFT representing a rare violin worth $9 million.

Misyon Bank, a pioneering Turkish neobank, also launched a tokenization platform. Misyon Bank hopes to facilitate the tokenization of corporate and government bonds, company shares, and real estate.

And Hyperliquid, a top perpetuals DEX, has surpassed half a billion dollars in TVL.

✍️ In today’s newsletter:

  • 2x leveraged Ether ETFs debut this week
  • Galaxy Digital issues loan against NFT backed by rare violin
  • Turkey’s Misyon Bank launches RWA Tokenization Platform
  • Hyperliquid overtakes dYdX by TVL

🙏Sponsored

📈 Markets in the last 24 hrs:

TickerValue24h
Bitcoin$69,0051.87 %
Ethereum$3,774 -0.17 %
Gold 1st Future$2,347 1.02 %
S&P 5005283.40 0.11 %
Arch Web32.35 -1.10 %
Learn more about Arch Indices ,[object Object]%

🎬WATCH

Check out our podcast with David Schwartz is the CTO of Ripple, to get up to speed on the project’s roadmap and legal battle with the SEC. Plus, watch our DeFi 101 video exploring passive income strategies!

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility.

the-defiant

DeFi Saver is an all-in-one management dashboard for decentralised finance protocols, with more powerful interfaces, trading features and automation options for Aave, Compound, Curve, Spark, Morpho Blue & more.

💥Leveraged Ether ETFs Enter The Market

the-defiant

Leveraged Ether ETFs are entering the market, with Volatility Shares’ 2x leveraged Ethereum fund hosting $5 million in volume during its debut on June 4. ProShares also announced they will launch the first U.S.-based 2x short Ethereum ETF on Friday. The funds come as analysts tip that spot Ether ETFs will launch in the coming months.

🎻Galaxy Digital Issues Multimillion Dollar Loan Against Tokenized Stradivarius Violin

Galaxy Digital has issued a seven-figure loan backed by a rare Stradivarius violin and an NFT representing the instrument. The loan was issued to Yat Sui, the co-founder of Animoca Brands, who previously purchased the violin at auction for more than $9 million.

SPONSORED POST

the-defiant

CoinGecko API is the world’s most comprehensive and reliable cryptocurrency data API provider, supplying aggregated price, market data, metadata, exchange data, historical data, community statistics, and recently, on-chain DEX data.

Access extensive data for 2.7M+ tokens (including those not listed on CoinGecko) and 3.2M+ liquidity pools, across 1,100+ networks and 150+ DEXes. From on-chain token and liquidity pool data to trending pools, pool trades and OHLCV charting data, CoinGecko API provides unparalleled depth and coverage for analysts, developers, and DeFi projects.

Simplify your integration process and supercharge your project with one unified crypto data API that provides complete coverage. Take 15% off with code ‘DEFIANT’ applied at www.coingecko.com/API. Valid on all self-serve plans, for new users only.

READ MORE: ICYMI, Access On-Chain DEX Data From CoinGecko API

⛷️Misyon Bank Launches Tokenization Solution On Avalanche

Miyson Bank, a Turkish investment bank, launched a tokenization platform on Avalanche. Miyson has already issued Eurobonds for retail investors via the platform and hopes to facilitate the tokenization of other bonds, company shares, and even real estate.

📈️Hyperliquid TVL Hits All-time High, Surpassing dYdX

The TVL of Hyperliquid, a top perpetuals DEX on Arbitrum, surpassed $500 million amid the success of a prolonged points campaign. The protocol is now beating out dYdX, the veteran derivatives DEX, by TVL.

🌍 ELSEWHERE

  • FTX Settles $24 Billion Tax Claim With IRS in Bankruptcy Court (Bloomberg)
  • Tether CEO warns email newsletter vendor used by crypto firms may be compromised (The Block)
  • Crypto Exchange DMM Bitcoin to Raise $320M to Pay Back Hack Victims (CoinDesk)
  • Coinbase Launches its Smart Wallets, Dubbing It Crypto’s ‘IPhone Moment’ (Unchained)

🔥 TRENDING

The Defiant Alpha
“an industry must-read
new-york

Get even more! For actionable insights and community access, Join The Defiant Alpha to receive:

  • The Defiant Daily | Mon to Fri
  • Weekly Recap | Saturdays
  • DeFi Alpha | Sundays
  • Access to exclusive degen chats and events

Become a Member