PANews reported on December 10th that, according to BusinessWire, Pheasant Network, a subsidiary of PG Labs, has completed a $2 million seed funding round and ecosystem support to advance AI×Intent-driven decentralized finance interoperability. The funding round was led by mint, with support from the Ethereum Foundation, Polygon Labs, Optimism, and others. The project has already processed over $200 million in cross-chain transactions and plans to expand the application of the PNT token, launch AI-assisted routing, and one-click cross-chain operations.PANews reported on December 10th that, according to BusinessWire, Pheasant Network, a subsidiary of PG Labs, has completed a $2 million seed funding round and ecosystem support to advance AI×Intent-driven decentralized finance interoperability. The funding round was led by mint, with support from the Ethereum Foundation, Polygon Labs, Optimism, and others. The project has already processed over $200 million in cross-chain transactions and plans to expand the application of the PNT token, launch AI-assisted routing, and one-click cross-chain operations.

Pheasant Network raises $2 million to advance AI-driven DeFAI interoperability

2025/12/10 21:03

PANews reported on December 10th that, according to BusinessWire, Pheasant Network, a subsidiary of PG Labs, has completed a $2 million seed funding round and ecosystem support to advance AI×Intent-driven decentralized finance interoperability. The funding round was led by mint, with support from the Ethereum Foundation, Polygon Labs, Optimism, and others. The project has already processed over $200 million in cross-chain transactions and plans to expand the application of the PNT token, launch AI-assisted routing, and one-click cross-chain operations.

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Altcoins Poised to Benefit from SEC’s New ETF Listing Standards

Altcoins Poised to Benefit from SEC’s New ETF Listing Standards

The post Altcoins Poised to Benefit from SEC’s New ETF Listing Standards appeared on BitcoinEthereumNews.com. On Wednesday, the US SEC (Securities and Exchange Commission) took a landmark step in crypto regulation, approving generic listing standards for spot crypto ETFs (exchange-traded funds). This new framework eliminates the case-by-case 19b-4 approval process, streamlining the path for multiple digital asset ETFs to enter the market in the coming weeks. Grayscale’s Multi-Crypto Milestone Sponsored Grayscale secured a first-mover advantage as its Digital Large Cap Fund (GDLC) received approval under the new listing standards. Products that will be traded under the ticker GDLC include Bitcoin, Ethereum, XRP, Solana, and Cardano. “Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano,” wrote Grayscale CEO Peter Mintzberg. The approval marks the US’s first diversified, multi-crypto ETP, signaling a shift toward broader portfolio products rather than single-asset ETFs. Bloomberg’s Eric Balchunas explained that around 12–15 cryptocurrencies now qualify for spot ETF consideration. However, this is contingent on the altcoins having established futures trading on Coinbase Derivatives for at least six months. Sponsored This includes well-known altcoins like Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK), alongside the majors already included in Grayscale’s GDLC. Altcoins in the Spotlight Amid New Era of ETF Eligibility Several assets have already met the key condition, regulated futures trading on Coinbase. For example, Solana futures launched in February 2024, making the token eligible as of August 19. “The SEC approved generic ETF listing standards. Assets with a regulated futures contract trading for 6 months qualify for a spot ETF. Solana met this criterion on Aug 19, 6 months after SOL futures launched on Coinbase Derivatives,” SolanaFloor indicated. Sponsored Crypto investors and communities also identified which tokens stand to gain. Chainlink…
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BitcoinEthereumNews2025/09/18 13:46