K33 VP Raises Concerns: Chainlink, Arbitrum and Binance Coin Face Uncertain Future
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The vice president of research at K33 argues that altcoins Chainlink (LINK), Arbitrum (ARB), and Binance Coin (BNB) were excluded from K33’s Vinter Quality Index because they offer uncertain value capture potential. According to Anders Helseth, the Vinter Quality Index for May to July has excluded LINK, ARB, and BNB tokens because of questionable tokenomics post-FTX. Vinter Quality Index Criticizes Value Proposition of Altcoins K33’s quality filter selects coins in the top 10 cryptocurrencies by market capitalization to include in its quality index. BNB, ARB, and LINK were set aside before the quality filter. Binance’s BNB didn’t make the grade
Norwegian crypto firm K33 has announced plans to purchase and hold Bitcoin using newly raised funds, joining the growing list of public companies investing in the world’s largest cryptocurrency. On May 28, the brokerage revealed it had secured 60 million Swedish krona ($6.2 million) through a combination of convertible loans…
In a strategic move to accelerate its Bitcoin acquisition goals, Japan-based Metaplanet issued $21 million in interest-free bonds to the Evo Fund on May 29, following a separate $50 million raise the previous day. These zero-coupon bonds, known as the 17th series, come with a $525,000 face value and are…