Proving there’s never a dull moment in the crypto market, yet another US asset manager – VanEck – is embracing the digital-assets era by launching a tokenized US Treasury fund. That’s good news for the traditional and crypto finance worlds, as well as the next crypto to explode.
The VanEck Treasury Fund (VBILL) is a blockchain-based investment vehicle that provides digital access to short-term US government bonds. So whereas those bonds were traditionally accessed through banks and brokers, qualified investors can now access them with stablecoins, like $USDC.
By the way, by ‘qualified,’ we mean large. VBILL requires a minimum investment of $1M on Ethereum, and $100K on the other blockchains it’s available on. Those include Solana, BNB Chain, and Avalanche networks.
VanEck is no newcomer to the crypto scene – it already issues spot $BTC and $ETH ETFs (exchange-traded funds) and ETNs (exchange-traded notes). And now it’s following the lead of BlackRock, Franklin Templeton, and other firms by tokenizing traditional assets.
In another positive move for crypto, cross-border banking giant Standard Charter is also increasing its crypto activity.
As digital assets are increasingly embraced by the traditional finance sector worldwide, it’s great news for the crypto market – and investors.
The Solana blockchain is second only to Ethereum in terms of market dominance and the number of tokens. It’s fast and has relatively low transaction costs. But Solana is also plagued by network congestion and failed transactions.
The $SOLX project has solid tokenomics, with 30% allocated to development. That will be an important aspect of its long-term success. It’s also why $SOLX could be the next crypto to explode.
We expect big things to come from Solaxy after the presale ends and it lists on DEXs and CEXs. And that means there’s no better time to invest in $SOLX, with its current presale price of $0.001724 and 113% staking rewards.
Considering $BTC’s recent bull run, there’s little reason not to expect its price to hit the $150K, $200K, and onwards to $1M in the not-too-distant future.
The $BTC rewards will be airdropped each time the price grows by $50K. And in-between – at $125K, $175K, and $225K thresholds – $BTCBULL tokens will be burned, adding to the scarcity (and potentially the value) of the token.
Among the ChainGPT AI offerings are a smart contract generator and auditor; NFT generator; trading assistant; Web3 chatbot; and a tool that enables you to build an AI agent (like MIND of Pepe, for instance) without coding.
Touch wood, but things appear to be looking up for the crypto market. That sentiment is clear with the likes of the VanEck Treasury Fund being launched, and Standard Global partnering with FalconX.
As always, though, be sure to DYOR before making any investment. We’re in the business of crypto news – not financial advice.
