Memecoins
Meme Coin Indexes are here
The WOO X crypto exchange has introduced a set of index perpetual contracts linked to meme coins, top 30 cryptocurrencies and layer 2 (L2) tokens in partnership with market maker Wintermute and index provider GMCI. WOO X closed a round of 9 million dollars in January with the participation of Wintermute and Amber. The company offers traders GMCI’s MEME Index, which includes major coins like SHIB, PEPE and DOGE, and an L2 Index that monitors the scaling of tokens like MATIC, IMX and OP, the company said. companies. Indexes are prevalent in traditional finance, allowing traders to monitor and – through linked products – gain exposure to a wide range of securities. The new products will soon be complemented by a copy-trading option, as well as on-chain U.S. Treasuries, said Willy Chuang, chief operating officer of WOO X.
Michael Sonnenshein, CEO of digital asset investment manager Grayscale, see company bitcoin exits (BTC) exchange-traded funds (ETFs) reaching a balance, Reuters reported. Sonnenshein said settlement-related sales from bankrupt crypto companies like FTX are “largely behind us,” according to the report, citing an appearance on a Reuters podcast. When the U.S. Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs in January, Grayscale’s (GBTC) product, which had already existed as a trust for several years, saw significant capital outflows, existing investors have probably sold their shares to buy shares in one of the new funds. Another reason for these outflows was GBTC’s comfortably higher fees compared to its competitors. Sonnenshein said last month that he expects fund fees to decrease over time.
Blockchain Venture Studio Thesis unveiled Mezo, a Bitcoin layer 2 networkstealthily with a $21 million fundraising round led by Pantera Capital. Mezo is a “permissionless Bitcoin economic layer that leverages neutral smart contract infrastructure” to offer a wide range of applications to users, Thesis said. It is designed to amplify the Bitcoin blockchain infrastructure and provide fast and cheap transactions by allowing users “access to applications that use Bitcoin for everything, enabling a thriving circular economy,” the blockchain company said. capital risk. Mezo will go live with support for Thesis’ Bitcoin-backed Ethereum token tBTC, which allows users to enter Bitcoin into Ethereum. decentralized finance (Challenge). “Our goal with Mezo is to expand the Bitcoin network to bring 25% of the global economy on-chain – which is roughly the size of the US economy today,” said Matt Luongo, CEO of Thesis and founder of Mezo, in a press release. release.