Anthony Pompliano Says Bitcoin's Made Gold A 'Disastrous Investment'—How Come GLD Keeps Making New Highs?

The post VanEck Targets Stablecoins & Next-Gen ICOs appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the firms shaping crypto’s future are not just building products, but also trying to reshape how capital flows. Crypto News of the Day: VanEck Maps Next Frontier of Crypto Venture Investing VanEck, a Wall Street player known for financial “firsts,” is pushing that legacy into Web3. The firsts include pioneering US gold funds and launching one of the earliest spot Bitcoin ETFs. Sponsored Sponsored “Financial instruments have always been a kind of tokenization. From seashells to traveler’s checks, from relational databases to today’s on-chain assets. You could even joke that VanEck’s first gold mutual funds were the original ‘tokenized gold,’” Juan C. Lopez, General Partner at VanEck Ventures, told BeInCrypto. That same instinct drives the firm’s venture bets. Lopez said VanEck goes beyond writing checks and brings the full weight of the firm. This extends from regulatory proximity to product experiments to founders building the next phase of crypto infrastructure. Asked about key investment priorities, Lopez highlighted stablecoins. “We care deeply about three questions: How do we accelerate stablecoin ubiquity? What will users want to do with them once highly distributed? And what net new assets can we construct now that we have sophisticated market infrastructure?” Lopez added. However, VanEck is not limiting itself to the hottest narrative, acknowledging that decentralized finance (DeFi) is having a renaissance. The VanEck executive also noted that success will depend on new approaches to identity and programmable compliance layered on public blockchains. Backing Legion With A New Model for ICOs Sponsored Sponsored That compliance-first angle explains VanEck Ventures’ recent co-lead of Legion’s $5 million seed round alongside Brevan Howard. Legion aims to reinvent token fundraising by making early-stage access…

PANews reported on October 13th that Nasdaq-listed Zhejiang Jiuzi New Energy Automobile Co., Ltd. (Jiuzi New Energy) (NASDAQ: JZXN) disclosed a crypto-denominated private placement settled in 100 Bitcoins. The funds will be used to build a digital asset custody platform and develop cryptographic storage technologies, focusing on secure multi-party computation and zero-knowledge proofs. The company stated that it has entered the implementation phase following the signing of the agreement on October 7th. JZXN's stock price has risen since the framework disclosure and is now above its closing price before the announcement. JZXN specializes in high-power DC fast charging and energy storage in third- and fourth-tier cities and will advance the development and testing of its "Smart Energy Cloud Platform" and cross-border digital payments.

PANews reported on October 13 that according to Solid Intel, BNB Chain plans to distribute approximately US$45 million worth of BNB to more than 160,000 addresses that participated in memecoin transactions in the past week.