Alt Tab Capital

Deutsche Telekom’s MMS and Bankhaus Metzler, Germany’s second oldest bank, are partnering to launch a pilot project to explore the use of surplus #renewableenergy for #Bitcoinmining.   The initiative seeks to address challenges from rising renewable energy production, which often leads to surpluses when supply outpaces grid demand. Deutsche Telekom notes that #Bitcoin miners could play an “important role in balancing supply and demand in the energy grid in the future.”   You can read the full story here - https://lnkd.in/gMjUPcfQ

The SEC has approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options for spot Bitcoin ETFs. #Options trading will now be available for the 11 approved #ETF providers on the #NYSE. The Chicago Board Options Exchange changed its regulatory policy to put #Bitcoin ETF options in the same category as other commodity-based ETFs, which the SEC approved to be listed on the #CBOE. You can read the full story on Cointelegraph - https://lnkd.in/eTxdbmAU

Bloomberg News reports that Arkham is planning to launch a #crypto #derivatives exchange.   The #exchange will be aimed at retail investors and seek to compete with platforms such as Binance.   The full story is here - https://lnkd.in/eDk_RSg8

VanEck has announced plans to create a #VentureCapital fund that will invest $30 million in an early-stage fund focusing on #fintech, #digitalassets, and #artificialintelligence. Notably, startups of interest may use stablecoins for fast settlement and payments or help with compliance, as many traditional companies look to start using #blockchain and #stablecoins in the coming months. https://lnkd.in/egc3qpgR

State Street has announced Vanessa Fernandes as head of Digital Asset Solutions.   The new lead of #DigitalAssets will oversee the Bank’s push to expand its efforts in areas such as #tokenization of assets, by representing them as tokens on #blockchains. State Street is looking to tighten integration between traditional finance and digital assets.   https://lnkd.in/ejk2jj7N

Bloomberg News is reporting on Japan’s regulatory review of rules governing #cryptocurrencies and investments in #digitalassets. The report cites sources suggesting the review could lower taxes on digital assets and open the door to domestic crypto investment funds.   You can read the full story here - https://lnkd.in/eRXqTBDf

Cathedra Bitcoin, a firm that started as a miner, said it's changing its business model to develop data centers and will use profits from that business to buy #Bitcoin instead of mining it. MicroStrategy has championed large corporations buying bitcoin on the open market. Then, one of the biggest bitcoin mining firms, Marathon Digital, adopted the same strategy. Miners are now pivoting to hold Bitcoin and provide services. https://lnkd.in/eBPMnC9S

Decrypt has published an interesting article looking at the development of #Layer2 technology on the #Bitcoin #blockchain. The article highlights five innovative technologies, Alt Tab Capital firmly supports the development of #DeFi applications across multiple blockchains and believes that the development of layer2 technology is an excellent step for the industry. https://lnkd.in/eMdJVrkF

Coinbase has introduced its version of wrapped #bitcoin, cbBTC, on the Ethereum and Base networks, allowing users to use bitcoin in #DeFi applications. Several DeFi services, including exchanges Aerodrome and Curve, lending applications Aave, Sky Protocol, Compound, real-world assets provider Maple, and cross-chain bridges such as deBridge, are expected to offer support for cbBTC. https://lnkd.in/exE5VyUt

Mastercard is expanding its support for non-custodial #cryptocurrency wallets in a new collaboration that enables users to spend on a crypto debit card. Mastercard in partnership with Mercuryo has enabled a debit card that allows users to spend cryptocurrencies like Bitcoin stored on self-custodial wallets across the Mastercard network. https://lnkd.in/dA8SaEhu