Bitcoin
Bitcoin is rated a buy with a stop loss of 56,590.
Bitcoin ETF
The first and most cost-effective bitcoin ETF on the ASX enables simple and convenient access without the complexity of individual ownership.
Building a Crypto Investor Portfolio
If you’re considering building a crypto investor portfolio, we’ve compiled our top 20 investments. Make an even allocation to each position and hold the portfolio until you see the Algo Engine switch to sell conditions.
If you need assistance, please call 1300 614 002.
NAB Ventures
National Australia Bank’s strategic investment arm, NAB Ventures, has taken a stake in Zodia Custody, revealing the bank’s crypto strategy will involve safeguarding digital assets held by institutional investors rather than launching its own stablecoin.
PayPal & Solana
PayPal has chosen the Solana blockchain to expand its stablecoin, PayPal USD, marking its first move beyond the Ethereum ecosystem.
According to an announcement on May 28, PYUSD has been added to the Solana network, allowing users to perform transactions at a lower cost. The move seeks to expand the uses of PYUSD stablecoin as a payment method for small and daily purchases.
Solana processes up to 65,000 transactions per second at costs as low as $0.0025, significantly outpacing Ethereum’s 15 transactions per second with higher fees, which may vary from $1 to $50 during times of congestion. In other words, while a transaction on Ethereum could take a few minutes to process, the same transfer using Solana could be completed in less than a minute.
The Solana network surged as the most used blockchain for stablecoin transfers since last year. According to data from analytics platform Artemis, stablecoin transfer volume on Solana reached $1.5 trillion over the past year, largely surpassing Ethereum’s volume of $885 billion over the same period.
PayPal launched its stablecoin in August 2023 in collaboration with Paxos Trust Company. The stablecoin was initially issued only on Ethereum as an ERC-20 token and is backed by U.S. dollar deposits, short-term Treasurys, and cash equivalents.
Pyth Network
PYTH is under Algo Engine buy conditions.
Crypto Large-Cap Model: New Holdings
We have four new holdings added to the Large-Cap investor model portfolio.
Crypto Large Cap – Top 100
Crypto List Updated
The following changes were made to the Crypto Large Cap – Top 100
Additions
Symbol |
EZETH-USD:CCC |
WBNB-USD:CCC |
HNT-USD:CCC |
CHEEL-USD:CCC |
Removals
Symbol |
JASMY-USD:CCC |
ORDI-USD:CCC |
PYTH-USD:CCC |
VETH-USD:CCC |
Ripple
Crypto business Ripple has flagged plans to launch a stablecoin that will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents.
Ripple said a third-party accounting firm will audit its reserves to make sure they reconcile
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