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VanEck has launched the VanEck Pyth ETN in Europe, tracking the performance of the Pyth Network’s governance token, PYTH. Available on Euronext Amsterdam and Paris, it will be accessible to investors in 15 European countries and is fully collateralized with physical PYTH tokens held by Bank Frick. The ETN aims to align with the MarketVector Pyth Network VWAP Close Index, highlighting the growing importance of oracle networks in decentralized finance.
A prominent whale, known for profiting $145 million from Shiba Inu (SHIB), has recently invested $2.31 million in the altcoin NEIRO, achieving a 46% gain in just five days. While two of the whale's four recent investments are profitable, a SHIB trade resulted in a significant loss of $11.48 million. Despite SHIB's current struggles, it remains the second-largest memecoin by market cap.
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