As CERN scientists transform lead into gold, questions over the long-term value of the precious metal are dotting the financial markets. CNBC crypto trader Ran Neuner argues that Bitcoin will be the winner over bullion in the race to become the ultimate safe-haven asset. Bitcoin To Dominate As CERN Experiment Threatens Gold Scarcity CNBC crypto trader Ran Neuner has pitched his tent with Bitcoin after scientists transformed worthless lead into gold. According to an X post, the Crypto Banter founder noted that the experiment will negatively affect the value of gold and its scarce value. Last week, scientists used CERN’s Large Hadron Collider to knock out protons from lead atoms, converting them into gold. Still far from commercial use, the possibilities of lab-grown gold have triggered diverse reactions in finance, stoking fresh comparisons with Bitcoin. “This is really bad for gold,” said Neuman. “Scientists can literally recreate gold in a… Read More at Coingape.com
Investment giant Grayscale is set to make waves in the investment world with its proposal to launch a new exchange-traded fund (ETF). In a stunning development, Grayscale Investments submitted an S-3 form to the US Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an ETF.
Significantly, the investment firm’s strategic move is a crucial step in its vision of integrating digital assets with mainstream investing, providing investors with more streamlined access.
Grayscale To Launch a New ETF
In the latest development, asset manager Grayscale Investments has applied to convert its Digital Large Cap Fund into an ETF. As part of its proposal, the investment giant has submitted an S-3 form to the US SEC.
According to the US Securities and Exchange Commission’s official website, the investment firm submitted the application on April 1, 2025. This move comes following Grayscale’s recent initiative to list and trade Hedera ETF. The asset manager filed 19b-4 with the SEC to launch the product that tracks the price of HBAR.
Nasdaq Files to List Grayscale’s AVAX ETF
Interestingly, Grayscale’s latest move comes on the heels of Nasdaq’s filing to list the asset manager’s AVAX exchange-traded fund. Last week, Nasdaq filed a 19b-4 with the US SEC to gain approval to list and trade shares of Grayscale’s spot Avalanche ETF. The marketplace seeks approval to convert the asset manager’s Avalanche Trust into a publicly traded fund.
Converting the Avalanche Trust into an ETF could make AVAX investments more widely available and appealing to a broader range of investors. Coupled with comprehensive regulatory norms, such a move could provide traders with a diversified investment opportunity.
Grayscale Investment’s recent developments come amid the increasing altcoin ETF spree. Multiple asset managers like Grayscale, Canary Capital, 21Shares, and Bitwise have already taken the initiative to launch various altcoin funds.
For example, Grayscale and other investment firms have shown increasing interest in XRP ETFs amid hopes of an imminent Ripple lawsuit end. The SEC’s acknowledgment of these XRP funds has invoked a renewed sense of optimism within the community.
A degen crypto trader has pulled in the trade of a lifetime after racking up a 9,000x gain on a single memecoin. The surge in Solana-based memecoin HOUSE to reach an all-time high may have earned him an early retirement, but whispers of insider trading continue to linger.
Crypto Trader Racks 9,000X Gains With HOUSE
According to an X post by Lookonchain, a crypto trader has gained a staggering $2.2 million in profit from an initial investment of $239. Per the data, the unknown trader purchased 25.77 million HOUSE for $239 in four separate transactions a month ago, but a memecoin rally has seen the value of his holdings surge.
A month after his purchase, the Solana-based memecoin reached an all-time high of 0.1055%, sending the trader’s holdings to new highs. The mega rally saw his initial $239 clinch a valuation of $2.2 million, translating to a 9,228x return in a month.
Onchain data indicates that the crypto trader sold 1.91 million HOUSE for $58.8K as the earliest profit-taking play. Despite the spike in valuation, the crypto trader is still sitting on $2.15 million worth of HOUSE in a strong show of faith.
“A month ago, he bought 25.77M $HOUSE for only $239, sold 1.91M $HOUSE for $58.8K, and still holds 23.85M $HOUSE (2.15M),” said Lookonchain.
HOUSE has gained over 60% in the last 24 hours, with trading volumes surging to $53.09 million, a near 60% increase. The Solana-based memecoin’s rise comes amid Bitcoin and altcoins flashing bullish signals at the start of the week.
Speculation Of Insider Trading Continues To Linger?
Since purchasing HOUSE, on-chain data reveals that the trader’s activity levels have dropped to the lowest levels. Prior to the $239 purchase, the crypto trader purchased and sold around 10 memecoins per day, but trading activity came to a halt after the HOUSE accumulation.
Lookonchain describes the behavior as signals of a “retirement,” but a cross-section of the crypto community is pointing to insider activity. The long-term holding behaviour is sparking speculation that the crypto trader may be a project member or developer with knowledge of an incoming price pump
“He used to trade ~10 coins daily but has hardly traded after buying $HOUSE,” noted Lookonchain. “Early retirement?”
Previously, a group of crypto traders netted $666K from a single trade, stoking similar insider trading speculations. The trader raked in the profit with a meagre investment of $4.5K in the Base Is For Everyone token.
Texas Bitcoin Reserve proposal passed a Senate vote with 25 out of 30 votes in favor. It will require another vote in the House of Representatives to reach the Governor and become law, but the progress is very encouraging.
Several other state-level reserve proposals failed due to Republican Party defections. In Texas, however, most Democrats voted in favor. This bill does not trigger mandatory Bitcoin purchases yet, which was a major sticking point with fiscal conservatives.
“The Texas Bitcoin Reserve Bill passed the Senate with some Democrat support. (The final vote was 25 – 5, and there are 11 Democrat Senators). If there is similar cross-aisle support in the House, then the bill’s prospects for success are good,” a legislative watchdog claimed on social media.
The effort to pass a Bitcoin Reserve in Texas has been an important piece of crypto regulation for several reasons. Obviously, Texas is a large and economically vital area, with the second-largest GDP of all US states.
Additionally, this effort represents a crucial chance to defeat a losing streak in state-level Reserve bills.
Essentially, these bills would trigger up to $23 billion in Bitcoin purchases nationwide, which thrilled the crypto community. There’s just one problem: the Republican Party values fiscal conservatism.
However, approval at this stage does not inevitably trigger this sort of spending, and now Texas can join states like Utah and Arizona as the leaders in this race.
Texas’ Position in the Bitcoin Reserve Race. Source: Bitcoin Laws
What’s Next for the BTC Reserve Bill in Texas?
Despite today’s win, the fight for a Texas Bitcoin Reserve is far from over. The bill will now move to the state’s House of Representatives, which has more than five times as many members.
More specifically, the Texas House of Representatives has 89 Republican members and 62 Democrats. In theory, this should be a clear win, as Republicans are largely pro-crypto.
However, this wasn’t the case in Montana, North Dakota, South Dakota, Pennsylvania, and Wyoming, where several Republican members voted against the respective BTC reserve bills.
The Texas bill passed the Senate with near-unanimous support, but it might be more contentious before a larger body. In any event, it’s a win, and the Bitcoin Reserve efforts could use a victory right now.
