TORONTO, June 18, 2024 /PRNewswire/ -DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), is pleased to announce that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange traded products ("ETPs") that provide simplified access to digital assets, has introduced the world's first and only yield-bearing Bitcoin ("BTC") ETP to German investors in collaboration with the Core Foundation, an organization dedicated to the development of the Core blockchain network ("Core Chain"). This offering provides German investors exposure to Bitcoin with a 5.65% annualized yield available on Brse Frankfurt exchange. Valour Bitcoin Staking (BTC) EUR ETP was previously introduced to the Nordic Growth Market ("NGM") on May 10, 2024.

The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-Compatible smart contracts. With 50% of Bitcoin mining hash power contributing to Core Chain's security in exchange for unlocking Bitcoin utility and rewards, Core Chain is the most Bitcoin-aligned Ethereum Virtual Machine ("EVM") blockchain (BTCfi, Bitcoin staking, and more).

Trading of the Valour Bitcoin Staking (BTC) EUR ETP (ISIN: CH1213604544) commenced on June 13, 2024, with a 1.9% management fee, following its previous debut in Sweden. This innovative ETP allows investors to gain exposure to Bitcoin while receiving a remarkable 5.65% annualized yield, all without the need to sell or trade Bitcoin directly.

Valour Bitcoin Staking (BTC) EUR ETP simplifies investment in the world's best-known digital asset, making it easier and more secure for investors to participate in Bitcoin's potential upside. The yield is attributed to the Net Asset Value ("NAV") on a daily basis, providing investors with yield without needing to sell or trade their Bitcoin holdings.

Valour Bitcoin Staking (BTC) EUR ETP generates yield by delegating Bitcoins to a validator on the Core Chain through non-custodial, native Bitcoin staking. Staked Bitcoins receive staking rewards in the form of CORE tokens, which are then reinvested into the product. Core Chain, the underlying blockchain, is a Bitcoin-powered, decentralized, secure, and scalable layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM). It is supported by Bitcoin's Proof of Work ("PoW") through a unique consensus mechanism known as 'Satoshi Plus'. This mechanism enables Bitcoin miners to delegate their PoW ("DPoW") to Core validators without impacting their future Bitcoin rewards, thereby unlocking the potential of Bitcoin-secured decentralized applications.

Despite engaging in Bitcoin staking, security remains uncompromised. Custodial control is maintained while yield is generated. Bitcoins are staked through a specific type of native Bitcoin transaction called a 'stake transaction', which includes a lockup period and Core Chain staking details such as the Core Validator and the Core reward address. During the lockup period, the Bitcoins cannot be transferred or slashed. Only the owner can transfer the Bitcoins once the lockup period expires.

"We are thrilled to introduce the world's first and only yield-bearing Bitcoin ETP to German investors, offering an unprecedented opportunity to gain exposure to Bitcoin while earning a substantial yield," said Olivier Roussy Newton, CEO of DeFi Technologies.

"Valour Bitcoin Staking (BTC) EUR ETP embodies our commitment to innovation in the digital asset space, providing investors with a seamless and secure way to participate in Bitcoin's growth potential while offering a novel investment avenue for engaging with the world's premier cryptocurrency." added Marco A. Infuso, Chief Sales Officer of Valour Inc.

"Core Foundation is excited to collaborate with Valour Inc. to launch the world's first yield-bearing Bitcoin ETP. This groundbreaking product brings BTCfi to a wider audience, and sustainable yield to Bitcoin holders. Investors can now earn yield while maintaining exposure to Bitcoin. This is enabled by non-custodial Bitcoin staking which helps secure the Core blockchain. Core Foundation is proud to be the first and most reliable ecosystem to power these new offerings, underscoring Core Chain's position as the most Bitcoin-aligned blockchain," said Core contributor Brendon Sedo.

About DeFi TechnologiesDeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies' digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/

About ValourValour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour's flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.

For more information on Valour, to subscribe, or to receive updates and financial information, visitvalour.com.

About Core ChainThe Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-Compatible smart contracts. With 50% of Bitcoin mining hash power contributing to Core's security in exchange for unlocking Bitcoin utility and rewards, Core is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a massive community of 2.2M Twitter followers and 250k Discord members which has translated into millions of Core adopters, over 15M unique addresses, and 230M transactions since its mainnet launch in January 2023.

Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to future development and listings of ETPs; staking of Bitcoin within the Core Chain; yield generated by the Valour Bitcoin Staking (BTC) ETP; growth potential of Bitcoin; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges and regulatory authorities; growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

SOURCE DeFi Technologies Inc.

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DeFi Technologies Subsidiary Valour Inc. Introduces World's First and Only Yield Bearing Bitcoin (BTC) ETP in ... - PR Newswire

The Federal Reserve may have triggered the second biggest outflows ever recorded for spot Bitcoin exchange-traded funds and worse may be to come.

Market watchers sounded the alarm after the Federal Open Market Committee said it will keep interest rates between 5.25% to 5.50%.

The situation resembles August 2022, when Fed Chair Jerome Powell warned that rate hikes will cause some pain to the US economy, said Quinn Thompson, founder of crypto hedge fund Lekker Capital.

Back then, spooked investors sold off risk assets, sending benchmarks tumbling.

In a few weeks time, it will be obvious, Thompson said on X. This time, he didnt say it so explicitly because last time the market melted down and they had to ease sooner as a result.

The more hawkish-than-expected Fed meeting triggered a cascade of outflows from spot Bitcoin ETFs to the tune of $621 million as investors scaled back their exposure, crypto asset manager CoinShares said in a report.

The ETF outflows were the largest Bitcoin has experienced since March.

Bitcoin and other risk-on assets tend to perform better in lower rate environments.

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Total crypto assets under management in ETFs fell 6%, from $100 billion to $94 billion, off the back of outflows and price depreciation.

However, Ethereum investment products saw inflows totalling $13 million.

Lido and Ripple, two of the largest cryptocurrencies by market value, also bucked the trend, racking in $3 million in total.

Crypto wasnt the only sector impacted.

Investors dumped almost $22 billion from US equity funds over the course of the week, the largest outflows since December 2022.

Tom Carreras is a markets correspondent at DL News. Got a tip about Bitcoin ETFs and the Fed? Reach out at tcarreras@dlnews.com.

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The real Bitcoin fallout will soon 'be obvious' after Fed sparks $620m in ETF outflows - DLNews

For many Americans, Donald Trumps recent social-media post about cryptocurrency would likely be inscrutable. He opposes a CBDC? He thinks bitcoin mining will make us energy dominant? What, exactly, is all of this about?

The short answer is that Trump senses that Americas community of cryptocurrency advocates is one that is leaning his way so, in keeping with his standard approach to politics (and business), hes pouring it on for them. He is embracing niche crypto positions as a response to the communitys enthusiasm more than as a driver of that enthusiasm. Its similar to the way hes tailoring pitches to other communities where he thinks hes gaining ground, like Black voters and younger voters more generally.

Thats the important point here, but lets first offer the longer answer, explaining what Trump was saying and why.

The post at issue linked to an essay in Bitcoin magazine written by a former communications staffer from Trumps administration. It suggested that Trump was the best choice for bitcoin, which Trumps post amplified.

VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC, it read. Bidens hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!

A CBDC is a central bank digital currency, a government-issued cryptocurrency. The idea is anathema to many bitcoin advocates, given their embrace of cryptocurrency as an alternative to government-backed currencies. Trump, in a bid to appeal to crypto enthusiasts, has taken up the cause at least, as part of his stump speech.

I will never allow the creation of a central bank digital currency, Trump has said (in one form or another) a half-dozen times in speeches this year, including during remarks at the anti-government Libertarian Party convention. The denunciation generally comes in a list of campaign pledges hes reading from the teleprompter.

This was not an issue when he was president. In fact, he excoriated cryptocurrencies specifically in 2019, saying that he was not a fan and that the currencies could facilitate unlawful behavior.

But now he wants all the remaining Bitcoin to be made in the USA, which is like declaring that you want all the remaining animated feature films to be made in the USA: If people in other places have computers, theyre going to have a shot at mining bitcoin.

Bitcoin mining isnt real mining, obviously. Its a term of art used to describe the efforts to solve complicated mathematical equations, with users who solve the equations earning bitcoin as a reward. This isnt pen-and-paper equation-solving but computational, so the effort to solve the equations requires an enormous amount of computing power and, by extension, electricity. This, apparently is why Trump says a focus on bitcoin mining would make the United States energy dominant, though its a bit like saying that using a much higher percentage of the worlds gasoline would make us fossil-fuel dominant.

Trumps effort to appeal to the cryptocurrency community isnt surprising given how young and male that community skews. That broader constituency is one that Trump has been targeting for some time.

Polling conducted by YouGov earlier this year reflected that younger Americans and men were more likely to have heard a lot about cryptocurrency.

Men were also more likely to have invested in cryptocurrency, though this constituency skewed slightly older.

But hearing about cryptocurrency and having confidence in it are two different things. About three-quarters of Americans, including young Americans, indicated that they thought at least half of cryptocurrency companies were outright scams.

At Axios, Trumps promotion of cryptocurrency, including his introduction of a line of NFTs in 2022, was framed as part of his effort to appeal to younger voters. But this brings us back to the initial point: His proposals tend to follow indications of support rather than drive them. (The NFTs, meanwhile, were pretty clearly a pure money play.)

Data from Gallup shows that younger, Black and Hispanic Americans have drifted right, particularly since 2020. This isnt reflected strongly in voter registration data analyzed by Pew Research Center, but it is something Trump and his allies have picked up on. So his campaign tries to press its perceived advantage.

The campaign and its allies tend to present the causation backward, too. After Trump was processed following his indictment in Georgia, for example, his mug shot was hailed by conservative pundits as driving new Black support for his candidacy. There was no evidence of that. In June 2023, YouGov measured Trumps support among Black voters at 15 percent. The mug shot was in August of that year. A recent YouGov poll had Trump at a statistically similar 12 percent.

Polls do show younger voters as more divided on the contest between Trump and President Biden than was reflected in 2020 exit polling. But thats been the case for some time; younger voters were among the first constituencies to sour on Bidens presidency. The trend began well before someone on Trumps team slipped his denunciation of central bank cryptocurrencies into his stump speech.

The question, of course, is what happens on Election Day. Polling also suggests that Biden has a wider advantage among the most likely voters, including among younger Americans. The Harvard Youth Poll, released in April, showed that effect dramatically.

Trumps social-media post about bitcoin reflects an effort to appeal to cryptocurrency advocates even as it conveys some lack of familiarity with the community. It seems safe to assume that the endorsement is less about broadly appealing to young voters than trying to lock up a favorable voting bloc, however modest. Its also about once again positioning Trump as the outsider, the guy willing to take on the establishment in all of its manifestations.

He spent decades trying to close the deal in New York City real estate transactions. This post about bitcoin can probably best be read as an effort to sweeten the deal for a customer that he hopes is just about to put pen to paper.

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Analysis | Having locked up actual miners, Trump tries to woo bitcoin ones - The Washington Post

14h30 3 min of reading by Luc Jose A.

The forecasts for bitcoin are becoming increasingly bleak. According to recent analyses, the price of the crypto could see a significant drop. This alarming perspective has already started to sow doubt among investors. With increased volatility and troubling market signals, the immediate future of bitcoin remains uncertain and raises many questions.

According to Jurrien Timmer of Fidelity Investments, bitcoins valuation heavily relies on the dynamics of its network. The analyst describes Bitcoin as exponential gold. This metaphor underscores the digital scarcity of bitcoin and its potential as a store of value. He explained that the increase in bitcoins price generally follows the power curve of its networks growth, reflecting a development pattern observed in various technological innovations.

However, Timmer has recently observed a worrying slowdown in this growth. While bitcoins price continues to rise, he notes a notable divergence between the cryptos value and its network expansion. For him, this situation is concerning and could hinder bitcoins ability to reach new heights. He asserts that for the queen of cryptos to return to a solid bullish dynamic, significant acceleration in its network growth is indispensable.

While Jurrien Timmer merely expresses concerns, Peter Brandt, an experienced analyst, presents a much more pessimistic outlook for bitcoin. Contrary to those predicting a spectacular rise, Brandt asserts that the current bullish cycle for bitcoin might already be over. Based on previous bullish cycles, he observes a trend of diminishing returns. For instance, the 2011/2013 cycle saw an 82% reduction in gains compared to the 2010/2011 cycle, and this trend continued with similar decreases of 79% and 82% in subsequent cycles.

For Brandt, if this trend persists, the peak of $73,777 recently reached could very well represent the pinnacle of this cycle. Additionally, Brandt has issued clear warnings of a potential price drop in bitcoin. Currently, the flagship crypto is struggling to maintain the $70,000 threshold. The expert estimates that if bitcoin falls below $65,000, it could quickly drop to $60,000, and if this level does not hold, a descent to $48,000 is conceivable.

This perspective starkly contrasts with the optimistic forecasts of some experts like Mike Novogratz and Robert Kiyosaki, who envision prices reaching $100,000 or more. Investors are therefore called upon to exercise caution in the face of these bearish perspectives.

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Diplm de Sciences Po Toulouse et titulaire d'une certification consultant blockchain dlivre par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'conomie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet cosystme en constante volution. Mon objectif est de permettre chacun de mieux comprendre la blockchain et de saisir les opportunits qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualit, de dcrypter les tendances du march, de relayer les dernires innovations technologiques et de mettre en perspective les enjeux conomiques et socitaux de cette rvolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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The experts are predicting a dramatic drop in Bitcoin to $48,000! - Cointribune EN