Kalshi partners with Game Point to offer sports bonus hedging
#Kalsh has entered a partnership with #GamePointCapital to provide hedging tools for sports teams covering performance-based bonus payouts. CEO Tarek Mansour said the first hedges were executed last week for two NBA teams, allowing them to offset potential bonus obligations tied to postseason outcomes.
Grayscale seeks SEC approval to convert $AAVE trust into ETF
#Grayscale has filed with the U.S. Securities and Exchange Commission #SEC to convert its #AAVE token trust into an exchange-traded fund planned for listing on NYSE Arca.
The proposed #ETF would charge a 2.5% sponsor fee on net asset value, payable in AAVE, and name #Coinbase as custodian and prime broker.
X to roll out Smart Cashtags for crypto and stock data
#X plans to introduce #SmartCashtags in the coming weeks. The feature will allow users to view live data on stocks and cryptocurrencies directly within posts on their timeline.
Smart Cashtags will expand on the platform’s existing $ticker system by enabling more precise asset tagging, including specific tokens or contract addresses.
The total market capitalization of tokenized gold has exceeded $6 billion, rising by more than $2 billion since the start of the year. #TetherGold $XAUT and #PaxosGold $PAXG account for about 96.7% of the sector’s market share. In total, tokenized gold products are backed by more than 1.2 million ounces of physical gold.
Tether backs Dreamcash as USDT0-collateralized perps go live on Hyperliquid
#Tether has invested in the parent company behind #Dreamcash , a self-custodial mobile interface for #Hyperliquid . The investment follows the launch of USDT0-collateralized perpetual markets covering assets such as equities indices, commodities, and selected U.S. stocks.
The markets were introduced in collaboration with Selini Capital and use USDT0, an omnichain version of #USDT built with LayerZero.
Trump Media files for crypto ETFs as spot Bitcoin ETF outflows continue
Trump Media & Technology Group #TMTG filed applications with the U.S. Securities and Exchange Commission #SEC for two exchange-traded funds tied to major cryptocurrencies, including #Bitcoin , #Ether and #Cronos .
The proposed products include a combined Bitcoin and Ether #ETF and a Cronos-focused yield ETF, with filings still under regulatory review.