Today in crypto, asset manager VanEck has filed for the first US BNB exchange-traded fund. Tether CEO Paolo Ardoino unveiled a new AI platform with cr
Today in crypto, asset manager VanEck has filed for the first US BNB exchange-traded fund. Tether CEO Paolo Ardoino unveiled a new AI platform with crypto payment support, and the Solana Foundation announced it had patched a security vulnerability that could have impacted Token-22 confidential tokens.
VanEck files for BNB ETF, first in US
Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show.
The ETF is designed to accumulate spot BNB (BNB) tokens and “may, from time to time, stake a portion of the [fund’s] assets through one or more trusted staking providers,” according to the ETF’s S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States.
The BNB token has a market capitalization of roughly $84 billion, according to data from CoinMarketCap. As of May 5, BNB stakers earn a yield of approximately 2.5%, according to data from Stakingrewards.com.
Binance’s BNB Chain is among the most popular smart contract networks, with a total value locked (TVL) of nearly $6 billion, according to data from DefiLlama.
Tether AI platform to support Bitcoin and USDT payments, CEO says
Tether AI, the forthcoming artificial intelligence platform from stablecoin giant Tether, will feature payments in major cryptocurrencies, including USDt and Bitcoin.
Tether CEO Paolo Adroino took to X on May 5 to tease the imminent launch of Tether AI, the company’s new AI platform designed to offer “personal infinite intelligence.”
According to Ardoino, Tether’s AI platform will be integrated with USDt (USDT) and Bitcoin (BTC) payments, allowing users to make transactions directly through a peer-to-peer (P2P) network.
The initiative builds on Tether’s December 2024 announcement that it was developing a website for the AI tool, targeting a launch by the end of the first quarter of 2025.
Ardoino emphasized that Tether AI will not use application programming interface (API) keys and will not depend on centralized control points.
Instead, Tether AI will offer a “fully open-source AI runtime” that will run on an “unstoppable peer-to-peer network,” and be “fully modular and composable.”
Additionally, Tether AI will be capable of adapting and evolving on “any hardware and device,” he said.
Solana devs fix bug that allowed unlimited minting of certain tokens
The Solana Foundation has confirmed that a zero-day vulnerability that allowed an attacker to potentially mint certain tokens and even withdraw those tokens from user accounts has been fixed.
A May 3 post-mortem from the Solana Foundation said that the security vulnerability, first discovered on April 16, could have allowed an attacker to forge an invalid proof to mint and steal an unlimited amount of Token-22 confidential tokens.
The vulnerability was first identified on April 16, and two patches were deployed to resolve the issues. A super majority of Solana validators adopted the patches around two days later.
The foundation said there is no known exploit of the vulnerability and confirmed that all funds remain safe.
cointelegraph.com