Paxos launches new startup to help institutions offer DeFi products

PANews reported on December 10th that, according to CoinDesk, boutique wealth management firm Nicholas Financial Corporation has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin ETF that holds Bitcoin assets only at night, completely avoiding U.S. trading hours. This fund, named the Nicholas Bitcoin and Treasuries AfterDark ETF (ticker symbol NGTH), will buy Bitcoin at 4 PM Eastern Time (when the U.S. market closes) and sell it at 9:30 AM Eastern Time the following day (before the market reopens). During the daytime, the fund will invest in short-term U.S. Treasury bonds to preserve value and generate returns. The company has also filed for a second product, the Nicholas Bitcoin Tail ETF (ticker symbol BHGD). If approved, this ETF will add novelty to the growing ecosystem of Bitcoin investment products by using the time of day as a key factor in its strategy.

The post Standard Chartered Revises Multiyear Bitcoin Forecasts as $500K Horizon Extended appeared on BitcoinEthereumNews.com. Standard Chartered reframed bitcoin’s trajectory as ETF demand eclipses halving dynamics, keeping a long-range path toward high valuations intact even after trimming forecasts, underscoring confidence that institutional flows can still propel the asset’s multiyear climb. Standard Chartered Reframes Bitcoin’s Market Cycle Standard Chartered has revised its bitcoin outlook, reflecting newly adjusted expectations for the halving […] Source: https://news.bitcoin.com/standard-chartered-revises-multiyear-bitcoin-forecasts-as-500k-horizon-extended/

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…