CryptoCurrencyNews, Author at 007 Stock Chat

GLOBAL X ANNOUNCES SEMI-MONTHLY MAY 2025 DISTRIBUTIONS FOR ITS SUITE OF ETFs

Written by CryptoCurrencyNews on May 9, 2025. Posted in Cryptocurrency.

TORONTO, May 8, 2025 /CNW/ – Global X Investments Canada Inc. (“Global X”) is pleased to announce the distribution amounts per security (the “Distributions”) for its exchange traded funds (the “ETFs“), as indicated in the table below.

Ticker Symbol	ETF Name	Ex-Date and Record Date	Pay Date	Cash Distribution per Security
BCCC	Global X Bitcoin Covered Call ETF	05/15/2025	05/23/2025	0.14
BCCC.U ⁽¹⁾				0.14
BCCC	Global X Bitcoin Covered Call ETF	05/30/2025	06/06/2025	0.14
BCCC.U⁽¹⁾				0.14
BCCL	Global X Enhanced Bitcoin Covered Call ETF	05/15/2025	05/23/2025	0.175
BCCL.U⁽²⁾				0.175
BCCL	Global X Enhanced Bitcoin Covered Call ETF	05/30/2025	06/06/2025	0.175
BCCL.U⁽²⁾				0.175

⁽¹⁾

Distributions for Global X Bitcoin Covered Call ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker BCCC.U. The approximate U.S. dollar equivalent distribution rate for BCCC.U is $0.10123 per security. For securityholders who hold the U.S. dollar traded BCCC.U, the securityholder’s account holder will typically convert distribution payments to U.S. dollars.

⁽²⁾

Distributions for Global X Enhanced Bitcoin Covered Call ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker BCCL.U. The approximate U.S. dollar equivalent distribution rate for BCCL.U is $0.12654 per security. For securityholders who hold the U.S. dollar traded BCCL.U, the securityholder’s account holder will typically convert distribution payments to U.S. dollars.

Distributions for the ETFs will vary from period to period. For further information regarding the Distributions, please visit www.GlobalX.ca.

About Global X Investments Canada Inc. (www.GlobalX.ca)

Global X Investments Canada Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $39 billion of assets under management and 142 ETFs listed on major Canadian stock exchanges. Global X is a wholly-owned subsidiary of the Mirae Asset Financial Group, which manages more than $900 billion of assets across 19 countries and global markets around the world.

Commissions, management fees, and expenses all may be associated with an investment in products (the “Global X Funds”) managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently, and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

The payment of distributions, if any, is not guaranteed and may fluctuate at any time. The payment of distributions should not be confused with an exchange traded fund’s (“ETF”) performance, rate of return, or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor’s original investment will decrease. A return of capital is not taxable to the investor but will generally reduce the adjusted cost base of the securities held for tax purposes. Distributions are paid as a result of capital gains realized by an ETF, and income and dividends earned by an ETF are taxable to the investor in the year they are paid. The investor’s adjusted cost base will be reduced by the amount of any returns of capital. If the investor’s adjusted cost base goes below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions, if any, for tax purposes, (such as dividends/other income/capital gains, etc.) will not be known for certain until after the ETF’s tax year-end. Therefore, investors will be informed of the tax characterization after year-end and not with each distribution if any. For tax purposes, these amounts will be reported annually by brokers on official tax statements. Please refer to the applicable ETF distribution policy in the prospectus for more information.

The Global X Bitcoin Covered Call ETF (BCCC) and the Global X Enhanced Bitcoin Covered Call ETF (BCCL) are each exchange traded alternative mutual funds that invest in other alternative mutual funds that invest, directly or indirectly, in Bitcoin. There are inherent risks associated with products linked to crypto assets, including Bitcoin Futures. While Bitcoin Futures are traded on a regulated exchange and cleared by regulated central counterparties, direct or indirect exposure to the high level of risk of Bitcoin Futures will not be suitable for all types of investors. Given the speculative nature of bitcoin and the volatility of the digital currency markets, there is no assurance that BCCC or BCCL will be able to meet their respective investment objectives. An investment in BCCC or BCCL is not intended as a complete investment program and is appropriate only for investors who have a sophisticated knowledge and understanding of Bitcoin and the capacity to absorb a loss of some or all of their investment. An investment in either BCCC or BCCL is considered high risk.

Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Global X Investments Canada Inc. (“Global X”) is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. (“Mirae Asset”), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager and investment manager of the Global X Funds.

SOURCE Global X Investments Canada Inc.

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HTX DeepThink: Fed Sits Tight Amid Bind; Trump’s New Token on Horizon?

Written by CryptoCurrencyNews on May 8, 2025. Posted in Cryptocurrency.

SINGAPORE, May 8, 2025 /PRNewswire/ — HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

This week, what does Trump’s emerging token plan mean for crypto markets? Why is the Fed holding rates steady? Behind Bitcoin’s rebound, are hidden risks lurking? In this edition of HTX DeepThink, Chloe (@ChloeTalk1) from HTX Research breaks it all down.

Trump Media Group’s Utility Token: A Potential Shift in U.S. Equity Tokenization

On April 30, Trump Media & Technology Group announced it would collaborate with the Truth digital wallet to launch a new utility token called DJT. Initially, DJT will facilitate payments for the Truth+ subscription service, with plans to expand its utility across the Truth ecosystem.

It’s the first time a publicly listed U.S. media company is launching a utility token tied to a real-world product ecosystem, signifying a historic convergence between traditional equities and on-chain asset formats. Although the team has yet to announce a release date, blockchain platform, or tokenomics, the rollout appears to follow Trump’s classic strategy: hype first, details later.

DJT is hitting the market at just the right moment as memecoin mania is cooling and narratives are shifting toward utility and payment integration. Similar to HTX’s recent listing of WLFI’s USD1, demand for “practical crypto assets” is surging. DJT combines powerful political branding with real ecosystem support, offering long-term value potential far beyond that of short-lived meme-driven tokens.

U.S.-China Trade Talks: A Temporary Easing Amidst Persistent Tensions

This weekend, U.S. Treasury Secretary Scott Besant and Trade Representative Jamison Greer will meet with Chinese Vice Premier He Lifeng in Geneva. This meeting, the first high-level U.S.-China trade talks since heightened tensions in spring 2025, signals a potential diplomatic thaw.

Although both sides still dispute who initiated the talks, the meeting alone sends a strong signal of reengagement and diplomatic thawing. With tariffs at historic highs, markets are interpreting the summit as a short-term de-escalation of geopolitical risks—sparking a relief rally in risk assets.

Following the news, Bitcoin rose by approximately 3.6%, briefly surpassing $97,000. This reflects how sensitive capital flows remain to macro-level easing signals. While structural differences between the two nations are far from resolved, the current window of policy détente may offer a short-term liquidity boost for digital assets, gold, and tech stocks.

Powell Throws : “Now Is Not the Time to Cut Rates”

On May 8, the Fed held interest rates steady at 4.25%–4.50% for the third consecutive meeting. While it was widely expected, Fed Chair Jerome Powell struck a noticeably more cautious tone during the press conference:

“Now is not the time for us to lead with a rate cut.”
“The cost of waiting is relatively low.”
“Whether we cut this year depends on how things develop.”

The Fed is currently caught in a “dual bind”: on one hand, disinflation has stalled, with PCE and CPI both above the 2% target. On the other, the central bank’s fiscal position is deteriorating. A 25–30 bps rate cut could shave $20 billion off annual income, further reducing remittances to the Treasury and raising concerns over the Fed’s policy independence.

As a result, despite markets currently pricing in three rate cuts in 2025, the Fed is more likely to take a “data-driven, delayed transition” approach.

Bitcoin’s Market Dynamics: Macroeconomic Data to Dictate Direction

Despite BTC rebounding to around $99,000 on geopolitical and monetary optimism, the options market is not confirming a strong directional bias. Deribit data shows implied volatility on June and July calls rising only modestly, while 25d risk reversals remain neutral to slightly bearish, and skew curves are relatively flat. Notably, large Gamma exposures are clustered around the $95,000–$100,000 range, indicating that BTC is currently trapped in a “high-volatility, low-conviction” zone awaiting macro catalysts.

If CPI and jobs data for May–June remain hot, the Fed may push back on rate cut expectations—risking a BTC pullback. Conversely, if inflation cools and unemployment ticks up, Powell may pivot dovishly, providing a green light for BTC to break out of its volatility compression range and resume its bullish trend.

*The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

About HTX Research

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

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AR.IO Launches Credit Card Payments For Web3 Identity and Hosting on Arweave

Written by CryptoCurrencyNews on May 7, 2025. Posted in Cryptocurrency.

NEW YORK, May 7, 2025 /PRNewswire/ — Permanent cloud network AR.IO onramps credit cards for its leading domain name and web-hosting service, ArNS, on the Arweave blockchain

AR.IO, the world’s first permanent cloud network built on the Arweave blockchain, has launched new fiat capability for purchases of its leading domain name service, ArNS, which offers easy access to web3 applications and permanent website hosting.

Traditional domain name platforms require ongoing subscription renewals and rely on centralized infrastructure. ArNS, however, is supported by AR.IO’s network of 400+ gateways, making it decentralized and globally accessible. Users also have the option to buy a permanent domain name that never expires, nor does any data attached to it.

AR.IO users have long been able to buy credits for uploads to the network with fiat, $AR, $MATIC, $SOL, $ETH, and $ETH on Base. But starting today, they can use a simple credit card to purchase credits in a one-time transaction. This is made possible through AR.IO’s “Turbo” – an open-source bundler for the Arweave ecosystem that also bridges fiat to crypto.

Commenting on the launch of ArNS’s new credit-card capability, Phil Mataras, founder and CEO of AR.IO, says, “With ArNS and its permanent purchase option, you will never, ever, lose access to your domain name or your website because you forgot to pay a subscription or the chain or provider removed or lost your data. This is a unique feature that sets us apart from any other DNS provider out there – and this couldn’t come at a better time as we see online information being deleted and manipulated at a rapid pace.”

More than simply pointing to data, ArNS domains are programmable smart contracts designed to trigger integrations, on-chain logic, and automations. With every name, users can permanently host apps, websites, and data via Arweave. This decentralized storage solution provides an alternative to centralized services that protects users from outages due to missed payments or provider issues.

Creating a new standard for digital identities, ArNS doesn’t just replace traditional DNS, it reinvents it for a sovereign, decentralized global internet.

About AR.IO

AR.IO is the first permanent cloud network, providing decentralized, censorship-resistant access to data, storage, and domains. Built on Arweave, AR.IO ensures information and applications remain universally accessible, tamper-proof, and free from centralized control. Its incentivized gateway network enhances reliability, while self-sovereign, permanent domains eliminate renewals and offer true digital ownership. AR.IO envisions an internet that is resilient, equitable, and neutral, where businesses, creators, individuals, and society as a whole are empowered to thrive.

To learn more about AR.IO, users can visit https://ar.io/ and follow @ar_io_network on X

About ArNS

ArNS (Arweave Name System) is a decentralized, permanent, smart domain name system built on the Arweave blockchain and powered by the AR.IO network. ArNS stands apart from other web2 and web3 name systems through its flexible options to lease or permanently purchase without renewals or subscriptions. With ArNS, users can permissionlessly publish websites, point to data, apps, or identities for uninterrupted access via a censorship-resistant, globally distributed gateway network. All entries are stored permanently and immutably on-chain, ensuring trustless, verifiable, and tamper-proof naming for a truly sovereign web.

Contact

Rebecca Jones
Block3 PR
rebecca@block3.pr

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SOURCE AR.IO

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Alpen Testnet Launch Marks a Step Toward Bitcoin’s Programmable, Scalable Future

Written by CryptoCurrencyNews on May 6, 2025. Posted in Cryptocurrency.

NEW YORK, May 5, 2025 /PRNewswire/ — Testnet Opens Door to Decentralized Trading, Borrowing, Earning, and Stablecoins on Bitcoin‘s Foundation.

Bitcoin‘s market cap sits close to $2 trillion, but its potential remains largely untapped, locked behind centralized solutions. The Alpen testnet is now publicly available, a major step toward unleashing that potential with programmability and scalability through zero-knowledge proofs. This milestone brings decentralized trading, borrowing, earning, stablecoins, and more one step closer to Bitcoin.

“Bitcoin‘s not just for holding anymore,” said Simanta Gautam, CEO and co-founder of Alpen Labs. “Alpen equips developers with tools to build and users with the ability to engage with Bitcoin in all the ways they’ve wanted, no middlemen required. Some of the best teams in the space are already building on it, and we can’t wait to see what’s next.”

The Alpen testnet allows developers to experiment, build, and test BTC applications once confined to centralized exchanges, custodians, or wrapped tokens on other chains. For users, it offers a glimpse into an open future financial system that’s secure and self-custodial.

Alpen distills years of research by the Alpen Labs team into secure, trust-minimized programmability for Bitcoin. Alpen’s EVM compatibility enables crypto‘s largest developer base to use familiar tools to tap into Bitcoin‘s massive liquidity. Alpen’s BitVM2-based Strata bridge will provide applications with the most secure, trust-minimized BTC upon launch. Alpen’s zk-rollup architecture enables faster, lower-cost transactions while inheriting Bitcoin‘s unmatched security.

“I believe this represents one of the most important breakthroughs in blockchain history, uniting Bitcoin‘s unmatched security with the programmability we’ve waited 15 years for. Alpen is a game-changer for Bitcoin, and we’re proud to back a team that’s pushing the ecosystem to new heights.” — Nic Carter, Partner at Castle Island Ventures

Founded in 2022 by four MIT alumni and backed by Ribbit Capital, Stillmark, DBA, cyber•Fund, Castle Island Ventures, and others, Alpen Labs is reshaping Bitcoin‘s ecosystem into one where builders can securely innovate. This testnet paves the way for an upcoming mainnet launch that seeks to redefine Bitcoin‘s future.

Users can learn more at alpenlabs.io and read the launch blog post.

About Alpen Labs

Alpen Labs is shaping the next chapter of Bitcoin‘s story. With Alpen, Bitcoin gains programmability and scalability, enabling decentralized trading, lending, stablecoins, and more without compromising security or decentralization. Founded in New York by four MIT grads, Alpen Labs is connecting innovative finance to the world’s most trusted digital money.

Contact
Founder & CEO
Phil
21M Communications
phil@21mcommunications.com

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SOURCE Alpen Labs

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Bybit Showcased Innovative Payments and Crypto Solutions at Web Summit Rio 2025

Written by CryptoCurrencyNews on May 5, 2025. Posted in Cryptocurrency.

DUBAI, UAE, May 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to have been a part of this year’s Web Summit in Rio. From April 27 to 30, the world’s largest technology event took place in Brazil’s startup city, Rio de Janeiro, where Bybit presented its future-ready crypto offering and innovative payments solutions.

Crypto integration into traditional payments is rapidly becoming part of everyday life for millions of users around the world, especially in emerging markets, and Bybit is at the forefront of the revolution with unmatched crypto-native solutions. Bybit—The Crypto Ark—caters to all of the crypto community’s needs — from trading, custody, on and off-ramping, payments, and more — and is fast becoming the ultimate crypto lifestyle brand.

Through local partnerships and product innovation, Bybit’s LATAM chapter aspires to become the lifestyle partner of the crypto community. In 2025, Bybit officially launched Bybit Pay in Brazil powered by Transfero, offering a blockchain-based payment gateway and seamless crypto-to-fiat experience. This new product solution simplifies crypto payments and settlement for users in LATAM’s largest economy.

Bybit Pay Key Features

QR Code support – scan to pay with fiat or crypto via PIX in Brazil
Unified crypto and fiat wallet management all in one place
Supports multiple currencies including BRL, USDT, USDC, BTC, and ETH
Secure transactions protected by blockchain encryption
Unlocking merchants access to Bybit’s 60+ million global users

At Web Summit Rio, the Bybit booth welcomed hundreds of attendees who experienced Bybit Pay in person. Visitors and the Bybit team exchanged insights on the future of crypto and how institutions, merchants, and retail users can pivot into the digital economy with on-chain solutions.

Web Summit Rio also featured the Transfero x Bybit Happy Hour, presented by Bybit Pay at the Transfero booth. Visitors got their hands on Bybit’s innovative payments solutions built for crypto over a free beer and additional perks — experiencing a Bybit Pay transaction in seconds and taking home free Bybit-branded merchandise.

The all-in-one crypto powerhouse is also dedicated to enriching customer experience beyond transactions. Bybit recently announced its strategic partnership with Tomorrowland Brasil, making crypto a key highlight at this iconic music festival hosting hundreds of thousands of music fans every year. The upcoming rendition is set for October 10 to 12 in Itu, São Paulo. As the exclusive Payment Partner for Tomorrowland, Bybit’s sponsorship is a world-first — bridging music and the crypto savvy generation.

“For the younger generation in Latin America, crypto is becoming a way of life. We want to help create a world where paying, sending, and investing in crypto becomes instant and borderless for everyday users. What we are building now will enable millions of customers to benefit from the rapidly emerging digital asset class both on-chain and in real life with increasing ease,” said Israel Buzaym, Country Manager of Brazil.

Local customers can explore Bybit Pay Brazil and the ultra-rewarding Bybit Card with up to 10% cashback in Brazil and Argentina.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media