Venture capital giant Andreessen Horowitz (a16z) has announced a new investment of $55 million in LayerZero (ZRO) tokens. a16z general partner Ali Yahya confirmed the news on social media, saying: “I am excited to announce that we have invested another $55 million in LayerZero (ZRO) tokens with a 3-year lock-up. Our global financial system is evolving and it is great to see the protocol enable so many new businesses and complex workflows to move on-chain.” LayerZero is known as a protocol that aims to facilitate secure and efficient cross-chain messaging, making it easier for decentralized applications (dApps) and services to communicate across various blockchain networks. Related News: Billionaire Mike Novogratz Talks About the Future of Bitcoin and the US Economy However, the ZRO price responded to the development with a weak upward movement and is trading 1.2% higher on the day at the time of writing. The token has a market cap of $260 million and is traded on major cryptocurrency exchanges such as Binance, Coinbase, Bybit. However, it is important to remember that only 110 million of the token's maximum supply of 1 billion ZRO tokens are in circulation. *This is not investment advice. Continue Reading: Company With $42 Billion AuM Announces Multi-Million Dollar Investment in This Altcoin
Key Takeaways: NODE selects over 30 crypto companies for diversified regulatory exposure. The ETF sidesteps SEC rules by avoiding direct crypto ownership. Employs Cayman corporate structure for 25% crypto exposure. VanEck, a leading asset management firm, has announced regulatory approval for its Onchain Economy ETF (NODE), which is scheduled to launch on May 14. The ETF, which is actively managed, is designed to give investors direct equity exposure to the companies driving digital asset infrastructure without the need to hold cryptocurrencies. The development was confirmed by Matthew Sigel , Head of Digital Assets Research at VanEck’s in an April 16 post. VanEck initially filed the application with the U.S. Securities and Exchange Commission (SEC) on January 15. VanEck’s “NODE” ETF Set to Focus On Crypto Companies with Strong Fundamentals According to the regulatory filing, the ETF, expected to go live in May, will consist of 30 to 60 equity holdings selected from a larger universe of over 130 publicly traded firms with strong ties to the digital asset ecosystem. Now Effective: VanEck Onchain Economy ETF ($NODE) Actively managed, $NODE will aim to hold 30–60 names from a 130+ stock universe tied to the digital asset economy: >Exchanges, miners, data centers >Energy infra, semis/hardware, TradFi rails >Consumer/gaming & asset managers… https://t.co/zokQwHKpGY pic.twitter.com/3ijf5rEQB2 — matthew sigel, recovering CFA (@matthew_sigel) April 16, 2025 The ETF’s target portfolio spans a wide range of sectors important to the crypto economy. This includes investments in cryptocurrency exchanges, Bitcoin mining companies, data centers, asset managers, and firms with crypto holdings on their balance sheets. The fund will maintain a 0.69% management fee, and at least 80% of its net assets will be allocated to “Digital Transformation Companies” or digital asset instruments, as defined in the filing. VanEck emphasized that these “Digital Transformation Companies” are selected through a rigorous framework combining fundamental analysis, market trend assessment, strategic positioning, and relative valuation metrics. Additionally, the ETF will offer exposure to infrastructure providers, technology developers, and firms that offer the core services and hardware supporting digital asset operations. Deliberate Stablecoin Omission, But Room for Foreign Securities While the filing specifies that the fund seeks exposure to the largest digital assets by market capitalization, it distinctly excludes stablecoins from its digital asset strategy. Whether this exclusion applies only to the stablecoin products themselves or also extends to stablecoin-issuing companies is still unclear. Despite this, NODE maintains a flexible investment framework that allows for diversified exposure through foreign securities, American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and a variety of commodity-linked instruments. Details of the VanEck NODE ETF/ Source: Matthew Sigel To ensure compliance with U.S. tax regulations, NODE will incorporate an offshore subsidiary located in the Cayman Islands. This structure allows the ETF to gain indirect exposure to digital asset instruments, including commodity futures, swaps, and other pooled investment vehicles, a strategy similar to that employed by other commodity-linked ETFs in the past. VanEck stated that investments in the offshore subsidiary would be capped at 25% of the ETF’s total assets at the end of each quarter. This limitation ensures that NODE is compliant with federal rules restricting the level of direct commodity or crypto exposure that registered investment companies can hold. VanEck’s ETF Expansion Strategy and Long-Term Crypto Vision The launch of NODE also comes at a time when VanEck has been actively expanding its ETF offerings related to the crypto sector. In recent months, the firm filed applications for a BNB spot ETF and an Avalanche (AVAX) ETF, both of which appeared on Delaware’s official registry. BREAKING NEWS: @vaneck_us has registered an #Avalanche ETF in Delaware, signaling a potential move towards filing for a spot $AVAX ETF. This step reinforces growing institutional interest in @avax and could pave the way for its broader adoption. pic.twitter.com/WaMMTNaFPL — COLONY (@Colonylab) March 11, 2025 However, the path to approval for these newer ETFs is still unclear, as the U.S. SEC has delayed several decisions related to digital asset investment vehicles. VanEck’s proposals for changes to its Bitcoin Trust and Ethereum Trust, for example, were met with a 45-day postponement by the Commission earlier this month. Despite regulatory roadblocks, VanEck demonstrates a long-term commitment to the crypto space. In a November 2024 appearance on CNBC’s Squawk Box , Matthew Sigel declared that Bitcoin is “just getting started,” asserting that the asset has entered “blue sky territory” with no historical resistance. Sigel projected that Bitcoin could reach $180,000 in 2025, reflecting an aggressively optimistic outlook. JUST IN: $100 billion asset manager VanEck predicts Solana $SOL will reach $520 by the end of 2025. pic.twitter.com/j7F2K9uPpz — Whale Insider (@WhaleInsider) February 6, 2025 VanEck has also released forecasts for other major digital assets, notably suggesting that Solana’s market capitalization could grow to $250 billion, translating to a token price of $520. The post VanEck’s NODE ETF Debuts May 14—30‑Stock Crypto Infrastructure Play With Cayman Tax Twist appeared first on Cryptonews .
In a recent address, U.S. President Trump emphasized the importance of monetary policy in the global economic landscape, specifically highlighting the implications of interest rates. During the discussion, he asserted
Bitcoin price reaches new heights after Trump's comments on Powell. Trump's dissatisfaction with Powell raises concerns about the economy. Continue Reading: Trump’s Stance on Powell Sends Bitcoin Prices Soaring The post Trump’s Stance on Powell Sends Bitcoin Prices Soaring appeared first on COINTURK NEWS .
Interoperability protocol LayerZero's native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz's (a16z) crypto arm increased its investment in the project. The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an X post . A16z has been an early backer of the protocol's development firm LayerZero Labs, participating in the team's $135 million series A fundraising round in 2022 and the following $120 million series B round in 2023. ZRO advanced 10% to $2.56 following the announcement before shedding some of the gains. The token was recently up around 5% during the day, outperforming the broad-market CoinDesk 20 Index and bitcoin (BTC) gains. LayerZero is a key piece of infrastructure that allows communication between isolated blockchains with cross-chain messages. The protocol underpins 125 blockchains, has facilitated over 145 million cross-chain messages and $75 billion in value transfers. Its tech supports projects such as PayPal's stablecoin, DeFi protocols Ethena and Pendle, and was selected as an issuance partner for Wyoming's stablecoin project . The investment will help the protocol expand beyond interoperability to token issuance, data management, governance and improving databases, according to an email.
In a recent interview to CNBC, Gensler noted that bitcoin's longevity can be attributed to the high global interest in it. ”Something like bitcoin can persist for a long time because there are 7 billion people on the planet and there's a real keen interest in it,” he said. The remarks came in response to questions about the crypto industry's reaction to the cessation of lawsuits and investigations initiated during his tenure as head of the SEC from 2021 to 2025. It was under Gensler that the regulator took a tough stance on cryptocurrency regulation - numerous enforcement actions were launched against exchanges, token issuers and other cryptocurrency organizations. While the former SEC chief refrained from commenting directly on the dismissal of these cases, he turned his attention to broader trends in the cryptocurrency market. ”I'm going to step back a little bit from the specific cases and say the following to your audience. This is a tiny part of the financial markets, but in case you are wondering: any financial asset is traded partly based on fundamentals, partly on speculative sentiment. This same area is almost 99%, maybe all 100% sentiment and very little fundamentals,” Gensler emphasized. The former chairman advocated a thorough risk assessment of assets. In his view, the main focus should be on project fundamentals. Moreover, he warned that many assets are driven primarily by sentiment. As a consequence, such tokens, he said, are usually not viable and are likely to lose value over time. When asked if bitcoin should be lumped in with other cryptocurrencies, Gensler drew an analogy to precious metals, alluding to bitcoin's unique position in the crypto world. ”There are only two or three precious metals. We humans have a special interest in two or three precious metals like gold,” he noted. Gensler believes that the vast majority of cryptocurrencies, especially those driven by trends, memes or public sentiment, will not attract long-term interest. Only a few, like bitcoin, will stand the test of time, he said. Despite the optimistic outlook, the former SEC chief said he himself does not own bitcoin or other cryptocurrencies. Gensler's remarks reflect the ongoing debate about the legitimacy and longevity of cryptocurrencies. Bitcoin has already gained ground as a savings vehicle, but many altcoins cannot demonstrate the same level of acceptance.
Asset manager VanEck has secured approval from the U.S. Securities and Exchange Commission for a groundbreaking ETF focusing on blockchain infrastructure. The Onchain Economy ETF, tentatively set to debut on
The fund will hold between 30 and 60 assets linked to the blockchain economy.
In a recent statement on April 18th, President Trump indicated that negotiations with various nations are progressing positively. This statement, which reflects the White House’s commitment to fostering international trade
The price of the U.S. dollar weakened during the first week after lifting the currency controls in Argentina, with the peso gaining ground and stabilizing at an exchange rate of 1,160 pesos per dollar. The rate, which is closer to the stronger side of the established fluctuation band, has spurred speculation about a possible intervention