Latest news with #MikeCahill
Yahoo
02-06-2025
- Business
- Yahoo
Nasdaq Wants to Wrap This $11.5B Altcoin in an ETF
Forget Ethereum, there's a new altcoin coming for the $10 trillion ETF industry. Nasdaq and the European crypto issuer 21Shares filed for an exchange-traded fund in May that would hold $SUI, a relatively new coin from a blockchain technology called Sui. While XRP and Solana filings are already in the works, the secret behind the Sui network is its focus on instant settlements that allow unrelated transactions to close simultaneously. The Palo Alto, California-based startup behind the technology is backed by Andreessen Horowitz and FTX Ventures, among others, with a valuation of about $2 billion. $SUI's market cap stands at around $11.5 billion, far lower than more prominent coins like Ethereum at $307 billion. 'SUI presents a differentiated bet on speed, developer adoption, and novel architecture,' said Mike Cahill, CEO of the crypto developer Douro Labs. 'Not to mention, the fact that an ETF provides the cleanest way to express that view under compliance constraints.' READ ALSO: Vanguard's 2 New Muni ETFs Have an Advantage Over Mutual Funds and American Century's Head of ETF Solutions to Depart $SUI is already traded in a regulated exchange-traded product in Europe. The 21Shares ASUI fund has approximately $165 million in assets and that's after just about 10 months of trading. 'There's real balance-sheet demand once custody and compliance boxes are ticked,' said Felix Xu, CEO at the blockchain company ARPA Network. 21 Shares said in a filing that the $SUI token has four main use cases: It functions as a liquid asset for apps or programs that run on the Sui network. Alternatively, the coins can be used to pay gas fees, transaction fees that charge users to process moves on the blockchain. Like other altcoins, $SIU can be staked to earn rewards, and it can also serve as a governance token. 'Pension funds, insurance firms, RIAs … these guys aren't buying tokens on-chain,' Xu told Advisor Upside. 'They want ticker symbols on Nasdaq.' Parallel Execution: Sui network's instant settling means it can process transactions much faster than competing blockchains in some situations, which Xu said is perfect for gaming and high-frequency DeFi. Daily active addresses are already in the millions, he said, and stable-coin liquidity is closing in on a billion dollars. If that went over your head, we had Xu simplify it: 'In other words, this isn't a ghost chain.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
08-05-2025
- Business
- Associated Press
Pyth Network Partners with Integral to Democratize Access to Financial Market Data
The new partnership enables Integral's institutional clients to seamlessly become Pyth data publishers, making financial information more affordable and accessible to all LONDON - May 7, 2025 (Bitwire) -- Pyth Network ('Pyth'), the universal price layer revolutionizing market data, today announced a new partnership with Integral, the leading currency technology partner to hundreds of global financial institutions. The collaboration marks a significant milestone in Pyth's mission to collect and distribute price data and rewrite the market data economy by making financial information affordable and accessible to all. The partnership introduces a streamlined solution for institutional market participants to publish their financial market data to Pyth Network, which is currently home to over 1,200 active price feeds. Integral hosts this data on behalf of its clients, lowering the technical and logistical barriers that have historically prevented institutions from contributing to open data networks. 'The price of market data has been skyrocketing for decades—rising to record-breaking spending in 2024 alone,' said Mike Cahill, CEO of Douro Labs, a leading contributor to the Pyth Network. 'But, this 'old guard' model of exclusive access, premium pricing, and zero transparency is shifting. The 'new guard' model offers real-time feeds and affordable access for anyone, not just the elite financial powerhouses. This partnership with Integral demonstrates Pyth's commitment to growing this new model; they're working together to deliver the price of everything, to anyone, anywhere.' Integral powers currency infrastructure for renowned institutions including Mizuho, Raiffeisen Bank, Pictet, and ODDO BHF. By partnering with Pyth, Integral will now bridge its traditional foreign exchange pipelines with decentralized finance, transforming centralized data sources into composable, on-chain assets. 'Integral has long been at the forefront of institutional trading technology, and our integration with Pyth Network reinforces our commitment to innovation and market accessibility,' said Harpal Sandhu, CEO of Integral. 'Through this collaboration, clients leveraging Integral's resilient and established crypto trading solutions can now become market data publishers on Pyth with no additional setup. This unlocks new opportunities for our clients to expand their presence in crypto while contributing to the broader ecosystem.' The Integral partnership comes on the heels of other recent Pyth integration partnerships like Sygnum Bank, Kamino Finance, and CoinBase, as well as product feature updates to expand price feed coverage across markets, improve data accuracy by increasing access to multiple institutional sources, and broaden institutional participation in decentralized finance infrastructure. To learn more about Pyth Network, visit and follow on X and LinkedIn . About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. To learn more, please visit: About Integral Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with close to $60bn traded, transacted or exchanged daily on our network. Adopted first by the financial markets and now invaluable to every global business across all industries – our corporate-meets-consumer cloud-based SaaS technology stack is already powering the change and solving the currency challenges every global organization is facing. Founded in 1993, we built our cloud technology before the world knew what cloud was, and maintain development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. ### Media Contact: Melrose PR [email protected]
New York Post
30-04-2025
- Business
- New York Post
How to invest in cryptocurrency for beginners
New York Post may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. Cryptocurrency investment has surged into mainstream finance, becoming an enticing yet daunting prospect for beginners. Whether you're a seasoned investor or entirely new to financial markets, understanding the fundamentals of cryptocurrency investment is essential. This guide answers critical questions for anyone venturing into the digital asset space. How do you start investing in cryptocurrency? Investing in cryptocurrency begins with selecting a reputable exchange platform and then taking full control of the digital assets through decentralized, self-custodial crypto wallets such as Best Wallet. The first step is setting up an account on a cryptocurrency exchange such as Coinbase, Binance, Kraken or Gemini. These platforms allow users to convert fiat currencies like U.S. dollars or euros into digital assets. Cryptocurrency investment has surged into mainstream finance, becoming an enticing yet often daunting venture for beginners. Yingyaipumi – After choosing an exchange, users must complete Know Your Customer (KYC) procedures, including identity verification — an essential step to comply with anti-money laundering regulations. Once verified, you can link your bank account or card to deposit funds and begin buying cryptocurrency. Mike Cahill, CEO of Douro Labs, described the process as 'surprisingly simple,' adding: 'Most people begin by buying Bitcoin or Ethereum through a trusted exchange like Coinbase or Kraken. Think of it like setting up a brokerage account.' Once the crypto is in your account, you send it to your wallet address. This is a blockchain transaction that moves your assets from the platform's control to your own. How to safely invest in cryptocurrency Security is paramount in the world of crypto. Investors should use strong passwords and enable two-factor authentication (2FA) to protect their exchange accounts. For longer-term holdings, many experts recommend moving assets off exchanges into private wallets. 'Security is at the core of Bitcoin,' said Muneeb Ali, CEO of Trust Machines. A common misconception is that crypto investing requires substantial capital. In fact, digital currencies are divisible, allowing fractional purchases — even just a few dollars' worth. joyfotoliakid – 'Bitcoin enables users to own their financial experience from start to finish. But with that freedom comes responsibility — use a hardware wallet, enable 2FA, and always be cautious about phishing attacks.' Douglas Colkitt, a crypto developer and early contributor to Fogo, agreed: 'Use a trusted, regulated exchange, always enable two-factor authentication, and never share your private keys. If you're holding for the long term, learn how to use a non-custodial wallet.' How to invest in cryptocurrency with little money A common misconception is that crypto investing requires substantial capital. In fact, digital currencies are divisible, allowing fractional purchases — even just a few dollars' worth. 'You definitely don't need a lot to get started,' said Cahill. 'Most platforms let you buy fractions of a coin. You can invest $10, $50 — whatever you're comfortable with.' Cryptocurrencies like Bitcoin and Ethereum have shown the potential for exceptional returns, especially during times of economic instability. Art_Photo – Sean Worthington, founder of CloudCoin and a long-time crypto educator, also advised caution for new investors. 'Start small. Focus on learning how the ecosystem works,' Worthington told The Post. 'The best investment you can make early on is your time and attention.' Strategies like dollar-cost averaging (DCA) — where you invest a fixed amount at regular intervals — can help mitigate the impact of market volatility while building long-term exposure. Why should I invest in cryptocurrency? Cryptocurrencies like Bitcoin and Ethereum have shown the potential for exceptional returns, especially during times of economic instability. Crypto also offers portfolio diversification due to its relatively low correlation with traditional equities. 'Bitcoin is a generational asset,' Ali noted. 'It's a way to hedge against uncertainty while preparing for the long-term financial revolution. It's been around the longest and has the strongest brand name and capital base in crypto.' Additionally, blockchain technology — the foundation of cryptocurrencies — offers decentralized, transparent, and secure transaction mechanisms that challenge conventional financial systems. How to invest in Bitcoin To invest in Bitcoin, follow the same basic steps: set up an exchange account, deposit funds, and purchase BTC. For more hands-off exposure, some investors choose Bitcoin ETFs or trusts, which trade on traditional brokerage platforms. Long-term investors are encouraged to store their BTC in hardware wallets for maximum security. 'If you're in it for the long haul,' Cahill added, 'consider moving it to a personal wallet you control.' Steps for investing in crytpo currency directly Jack Forbes / NY Post Design Easy Steps to Start Buying Crypto Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available in both the iOS and Android app stores. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle for convenience or anonymity. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. Which cryptocurrency should I invest in? Most beginners gravitate toward Bitcoin (BTC) and Ethereum (ETH) for their market dominance and established ecosystems. Ethereum supports decentralized apps like Best Wallet and Robinhood, and NFTs, while Bitcoin is considered a hedge against inflation. Other notable projects like Cardano (ADA), Solana (SOL), and Polkadot (DOT) are gaining traction, though investing in them requires deeper research. Worthington warned, 'Not all cryptocurrencies are created equal. Some function like stocks, funding specific projects. Others, like stablecoins, aren't meant to appreciate in value.' Crypto vs. stocks: Which should I choose? Choosing between crypto and stocks depends on your goals. Stocks tend to be more stable and yield dividends, while crypto offers high-risk, high-reward potential. 'Over the last 10 years, Bitcoin has repeatedly outperformed the stock market,' Ali said. 'And with the launch of Spot ETFs in the U.S., it's easier than ever to gain exposure. Financial institutions now see Bitcoin as part of a balanced portfolio.' Conclusion Cryptocurrency investing presents a dynamic opportunity to diversify your portfolio and potentially realize substantial gains. For beginners, starting small, prioritizing security, and adopting a long-term learning mindset is key. As Mike Cahill put it, 'Start small, stay curious, and focus on learning before you go big.' With careful research and responsible risk management, crypto can become a valuable part of your financial strategy.
Associated Press
02-04-2025
- Business
- Associated Press
Kamino Finance and Pyth Network Partner to Bridge DeFi Performance Gap
Kamino's Meta-Swap leverages Pyth Network's Express Relay to deliver a CEX-quality trading experience with transparency, self-custody, and composability LONDON, April 2, 2025 (Bitwire) -- Pyth Network ('Pyth'), the universal price layer powering the next generation of finance, and DeFi protocol Kamino Finance today announced the launch of Meta-Swap, a next-generation swap router built to redefine what on-chain finance can do. Kamino Swap's Meta-Swap is powered by Pyth Network's Express Relay and offers highly competitive price execution found only in CeFi. Competitive price execution means tight spreads and fast, reliable trades for DeFi users; this is what Kamino Finance calls 'CEX-like performance.' Instead of plugging into a single DEX or DEX aggregator—and being subject to liquidity fragmentation, protocol fees, or MEV—Meta-Swap broadcasts every swap to a network of searchers via Express Relay. Meta-Swap runs active simulations to ensure swaps execute successfully and at accurate prices, removing failed transactions and inflated quote estimates from the user experience entirely. This results in no more inaccurate quotes, no more failed swaps, and no more mid-quote checks or on-swap validation. 'Meta Swap, powered by Pyth's Express Relay, is bringing CEX-level execution to DeFi, without the MEV tax,'said Mike Cahill, CEO of Dourouoro Labs, a leading contributor to Pyth Network. 'For the first time, traders are going to get the best possible price without any interference. This will make decentralized trading as fair, fast, and efficient as it is on centralized exchanges, thereby leveling the playing field between DeFi and CeFi to give all participants access to a borderless global financial market.' Express Relay makes 'tipping' users, MEV elimination, and best price execution uniquely possible. It offers a secure auction environment for protocols to submit transaction opportunities to a network of top searchers. Searchers include Flow Traders, Wintermute, Auros, Caladan, Flowdesk, Tokka Labs, Selini, Swaap Finance, Amber Group. 'Meta Swap is finally bringing the decentralized Nasdaq promise to Solana users—making high-performance trading a reality on Solana,' said Marius Ciubotariu, cofounder of Kamino Finance. 'Kamino's active simulation algorithm, together with the Pyth's Express Relay auction network, constantly scans a wide pool of routes and searchers to deliver best execution on every trade.' Kamino Meta-Swap joins Kamino's Limit Orders—launched in December 2024 with Express Relay —which have already surpassed $200M in volume and distributed nearly $100,000 in user tips. Together, Limit Orders, Meta-Swap, and an upcoming DCA product (to be powered by Express Relay) form a comprehensive trading suite designed for all types of users: from degens and casual traders to whales and institutions. To learn more about Pyth Network, visit and follow on X and LinkedIn. About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. About Kamino Finance Kamino Finance was originally created to offer users the easiest possible way of providing liquidity and earning yield on-chain. The protocol's one-click, auto-compounding concentrated liquidity strategies quickly became the most popular LP products on Solana and laid the foundation for what Kamino is now. Today, Kamino is a first-of-its-kind DeFi protocol that unifies lending, liquidity, and leverage into a single, secure DeFi product suite. Media Contact: Melrose PR
Associated Press
06-03-2025
- Business
- Associated Press
Coinbase Integrates Pyth Lazer to Provide Real-Time Market Data to Users
By making market data accessible within one millisecond, the latest Pyth Lazer feature from Pyth Network is unlocking new competitive advantages for Coinbase users. Pyth Network ('Pyth'), the universal price layer powering the next generation of finance, today announced digital currency exchange Coinbase has integrated Pyth Lazer, a new high-speed, sub-second-latency service developed by the Pyth Network. Pyth Lazer is designed to provide real-time market data with update times as fast as one millisecond. In trading, speed is the ultimate competitive advantage. Slow execution undermines order quality, leading to slippage, inefficiencies, missed arbitrage opportunities, and costly mistakes in volatile markets. Pyth Lazer targets latency-sensitive crypto trading applications and DeFi protocols, empowering them to compete with the speed of centralized exchanges. Its ultra-fast price feeds allow for customizable frequency channels to suit different needs within the blockchain ecosystem, enabling developers to be at the forefront of the evolving global digital asset markets. 'Every trader knows that it's not just about being right—it's about being first. Faster systems make it possible to capitalize on market movements, and DeFi needs the kind of infrastructure that can match or beat the performance of CeFi platforms so traders can lock in profits and keep liquidity deep and flowing,' said Mike Cahill, CEO of Duoro Labs. 'Coinbase understands that Pyth Lazer is here to raise the bar, making it possible for DeFi to deliver real-time solutions so traders can access next-gen infrastructure that bridges the gap between DeFi and TradFi.' Now integrated by Coinbase, Pyth Lazer enhances real-time price data accuracy and efficiency for on-chain applications. The feature delivers market reality at unprecedented speed, allowing users to catch every price move before others see it, is ultra-efficient at keeping costs low, provides a lightweight design that saves money, and shares real-time prices with minimal overhead. 'Coinbase International Exchange is dedicated to delivering unparalleled trading experiences. By integrating Pyth\'s Lazer technology, we're enhancing the speed and precision of pricing data on our exchange. We're excited to collaborate with Pyth and continue pushing the boundaries of innovation in the crypto trading space.' – Marc Zeitouni, CEO Coinbase International Exchange The integration of Pyth Lazer empowers Coinbase's operations with precise, real-time data for improved accuracy and responsiveness to market conditions. While Pyth's price feeds are typically used by DeFi applications, Coinbase's adoption of Lazer shows institutional interest in tapping into the Pyth price layer. To learn more about Pyth Network, visit pyth. network and follow on X and LinkedIn. About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. To learn more, please visit: network/ About Coinbase Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We're updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world. Media Contact:
