Jointly launched Bitcoin ETP with Valor, is Core Chain entering an asset price uptrend?

Recently, the Layer1 public chain Core Chain has once again become the focus of the market due to its significant price increase. Its collaboration with Valor (hereinafter referred to as "Valour") to launch a Bitcoin ETP seems closely related to this surge, marking a new step for the ecosystem in supporting Core chain developers and promoting innovation.
According to the latest data, as of April 23, the price of Core reached 18.69 RMB, with a 24-hour trading volume of 1.597 billion RMB. In the past 24 hours, the price of Core increased by 4.58%, ranking 48th in the cryptocurrency rankings on CoinMarketCap, with a market capitalization of 16.497 billion RMB. The circulating supply of Core tokens is 883 million, while the total supply is set at 2.1 billion.

Public chain reaches significant cooperation with asset issuers, potentially bringing financial innovation to Bitcoin L2

The Core Foundation recently announced an important partnership with Valour, a wholly-owned subsidiary of DeFi Technologies. As a leading issuer of exchange-traded products (ETPs), this collaboration signifies that both parties will work together to drive innovation in the digital asset space. DeFi Technologies, as a fintech company bridging traditional capital markets and decentralized finance, will further strengthen both parties' positions in the cryptocurrency market.

This collaboration focuses on utilizing Core's unique blockchain technology to develop innovative ETP products, particularly the launch of yield-generating BTC ETP and a new Core ETP. These products aim to provide a new perspective on Bitcoin investment, transforming it from a traditional store of value asset into an asset capable of actively generating returns. This shift means that investors can earn localized returns through non-custodial Bitcoin staking without leaving the Bitcoin network.
Specifically, the yield-generating BTC ETP will directly extract returns from Core's block rewards, which is a first in the market. Meanwhile, the Core ETP leverages Core's own staking reward mechanism to provide investors with another avenue for income generation. These designs not only enhance investor trust in Core's innovative staking mechanism but also improve the overall security and efficiency of the Core network.
In this strategic partnership, Valour will manage a validation node on the Core network, which not only enhances network security but also brings potential economic benefits through node rewards. Additionally, Valour plans to stake BTC worth up to 100 million USD on the Core network, highlighting its confidence and commitment to the future of the Core network.
Olivier Roussy Newton, a representative of DeFi Technologies, emphasized that the boundaries between digital assets and traditional financial services are becoming increasingly blurred, and their collaboration and the innovative ETP products they launch reflect their determination to lead this transformation. By introducing yield opportunities for Bitcoin, they not only enhance Bitcoin's utility but also open up new ways for investors to interact with the world's leading cryptocurrency.
Brendon Sedo, a contributor to the Core Foundation, stated that the collaboration with DeFi Technologies and Valour perfectly aligns with their vision of driving innovation in digital and traditional financial products. This partnership not only promotes the growth of the Bitcoin ecosystem but also showcases Bitcoin's potential as a yield-generating asset. He is optimistic about the future and warmly welcomes the DeFi technology team to join this shared journey.

Can the strengthened cooperation among the three parties bring new income opportunities for crypto asset investors?

Core is a first-layer (L1) blockchain platform compatible with the Ethereum Virtual Machine (EVM), enabling it to run Ethereum smart contracts and decentralized applications (dApps). This network is powered by the "Satoshi Plus" consensus mechanism, which combines Bitcoin's delegated mining hash rate and delegated proof of stake (DPoS) to ensure network security. The Core team is dedicated to developing infrastructure that can operate at the core of Web 3.0, addressing the three major challenges facing blockchain: security, decentralization, and scalability. Since the mainnet launch in January 2023, Core has been managed by a decentralized autonomous organization (DAO) responsible for the ongoing development and governance of the Satoshi Plus ecosystem.
Core not only provides developers with a reliable platform to create and manage dApps but also incentivizes participants in the ecosystem through its native token CORE. These tokens serve as fuel for network operations and increase their scarcity through a burning mechanism, enhancing the potential value for holders. The security of Core has been validated by the professional auditing firm CertiK, ensuring the reliability of its technology and smart contracts.

Valour is a subsidiary of DeFi Technologies, focused on creating exchange-traded products (ETPs) that enable retail and institutional investors to securely access digital assets through traditional bank accounts. The ETPs issued by Valour cover various cryptocurrencies, such as Bitcoin, Ethereum, and Cardano, and are listed on major exchanges and banking platforms in Europe. These products are well-received in the market due to their low management fees and innovative hedging strategies, providing an efficient and cost-effective way to invest in and manage digital assets.
DeFi Technologies is a fintech company dedicated to integrating traditional capital markets with the decentralized finance (DeFi) world. The company focuses on using industry-leading Web3 technology to innovate the ways financial systems interact, supporting both individual and institutional clients. By promoting the convergence of these fields, DeFi Technologies not only increases market transparency but also provides new growth opportunities for investors, as reflected in the wide range of products and services it supports.
The collaboration among these three parties combines Core's blockchain technology with Valour's financial product innovation and DeFi Technologies' market connectivity, creating unprecedented value for participants in both traditional and decentralized financial markets. Through such collaboration, Core not only strengthens its position as a leading blockchain platform but also promotes the maturity and development of the entire cryptocurrency ecosystem.

Looking forward to the increasingly positive effects of this collaboration and hoping for more similar cases in the industry

Through close cooperation and innovation, Core and its partners DeFi Technologies and Valour have made significant progress in the blockchain and fintech fields. Core's unique blockchain platform, with EVM compatibility and the innovative "Satoshi Plus" consensus mechanism, provides a strong foundation for the development of decentralized applications and smart contracts. Furthermore, the collaboration with Valour has led to the launch of various ETP products, which not only provide investors with new income opportunities but also showcase Bitcoin's potential as an active asset.
DeFi Technologies serves as a bridge, strengthening the connection between traditional financial markets and decentralized finance, driving the entire industry forward. These efforts collectively promote the development of a more open, transparent, and efficient financial ecosystem.
In summary, Core and its partners are continuously innovating, striving to become a leading force in blockchain and fintech through their strong technology and collaborative model.