VanEck launches Pyth ETN in Europe
VanEck launches a Solana Pyth ETN in Europe, offering exposure to PYTH token via Euronext, enhancing access to oracle network assets. The post VanEck launches Pyth ETN in Europe appeared first on Crypto Briefing.
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VanEck launches a Solana Pyth ETN in Europe, offering exposure to PYTH token via Euronext, enhancing access to oracle network assets. The post VanEck launches Pyth ETN in Europe appeared first on Crypto Briefing.
VanEck has launched its latest Exchange Traded Note, the VanEck Pyth ETN.
Asset manager VanEck has launched a new ETN based on PYTH, specifically for European buyers. The Pyth network, a decentralized oracle protocol, has earned praise from VanEck for its potential to transform the DeFi landscape.
VanEck asset management company has launched a new PYTH ETN product, extending its European offerings with a focus on the Solana-backed Pyth Network. This new product, listed on Euronext Amsterdam and Euronext Paris, aims to provide investors across 15 European countries with exposure to PYTH without requiring direct cryptocurrency holdings.
TL;DR VanEck launches the Pyth ETN on Euronext Amsterdam and Euronext Paris. The Pyth Network acts as a decentralized oracle, providing external data to smart contracts. The ETN is available in several European countries, including Germany, France and Spain.
The ETN will trade on Euronext Amsterdam and Euronext Paris and will be available in 15 countries.
VanEck introduced a new ETN linked to the PYTH token, allowing investors in 15 European countries to indirectly invest in PYTH.
This new Exchange-Traded Note (ETN) lets investors invest in the performance of PYTH. They don't need to buy or store it directly.
Pyth Network's momentum showcases its potential to challenge established Oracle providers significantly.
Pyth Network's pull-based model has driven high transaction volumes, intensifying the Oracle's competition with Chainlink.
Pyth Network, a top oracle network, has expanded its reach within the decentralized finance market with a new feature dubbed Redemption Rate Feeds. Announced on Oct.
As Bitcoin price stabilizes above the $67,000 level, the altcoin market has regained momentum with many blue-chip and mid-cap projects recording double-digit gains in their respective portfolios.
As the Bitcoin price stabilizes above the $66,000 mark, the altcoins are making a comeback. The market, excluding Bitcoin and Ethereum, has reclaimed the $600 billion mark and has increased by 7.19% from its 7-day low at $574.81 billion.
In the last 24 hours, SUI prices have increased by 3.54%, resulting in a 7.74% jump in the past 24 hours. With a market cap of $1.23 billion, PYTH ranks as the 62nd biggest cryptocurrency in the market. Despite moving at a 70.48% discount from its all-time high level of $1.
The cryptocurrency market has recorded a strong bullish recovery over the past weekend. Moreover, with the BTC price hovering close to the $63k mark, top altcoins have regained momentum. Further, the Solana price is on the verge of reclaiming the $150 mark.
With the altcoins market, excluding Bitcoin and Ethereum, crashing under $600M, bearish clouds turn darker over crypto. Amid such conditions, a fresh recovery day with BTC hitting $62k shows a relief jump in altcoins. Further, despite the global tensions heating up, these altcoins are teasing a bounce back next week.
Crypto expert Ben Armstrong, aka “BitBoy Crypto,” highlights 8 key cryptocurrencies to watch during this bull season, targeting a potential $16 trillion market. He stressed that consistency is important, but being open to new data and volatile market trends sets successful traders apart from those stuck in the past.
Oracle platform Pyth Network now supports Mother Iggy, bringing real-time price feeds to more than 75 blockchains. Pyth Network (PYTH) announced this on Sept.
The Pyth Network has launched its Oracle Integrity Staking (OIS) program, designed to enhance accountability among data sources by introducing both staking rewards and penalties for participants.
Amid the crypto market hitting a crossroads near the weekend, the altcoins market is ending the week on a minor recovery note. With the increasing chances of a breakout rally next week, many altcoins offer a simple buy low, sell high opportunity.
While Chainlink retains a strong lead, Pyth's rapid rise in Total Value Secured hints at shifting dynamics in the Oracle market.
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Pyth Network has partnered with Sony Group to deploy the Pyth Price Feeds on Soneium, Sony's Layer-2 blockchain platform on Ethereum. Pyth's partnership with Sony Group also includes Startale, the web3 tech platform behind multiple blockchain applications.
The cryptocurrency market has recorded a jump of 1.78% over the past day with a trading volume of $71.2 billion (+16.64%). However, top tokens repeatedly fail to break out of their crucial resistance levels. Suggesting a strong bearish sentiment at the upper levels.