The proposed ETF will use Coinbase Custody and include staking and in-kind transactions. Several asset managers are now competing to bring SUI-based ETFs to the U.S. market. Regulatory changes under the current SEC leadership are accelerating activity in altcoin ETFs. Crypto asset manager Bitwise has formally filed an S-1 form with the U.S. Securities and … Read more
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on individuals and entities tied to a Mexican cartel that traffics illegal drugs and launders proceeds through cryptocurrency networks. According to a Treasury press release, these individuals and entities lead networks that launder proceeds from fentanyl and other narcotics … Read more
A Bitcoin whale has accumulated an extraordinary amount of more than 90,000 BTC since March of this year and has recently moved a portion of those coins back to one of the world’s largest exchanges, Huobi. The holdings, which at times exceeded $700 million, are believed to belong to a large “Asian whale.” It is … Read more
Over the past week, Cardano’s ADA has risen roughly 6%, making it one of the stronger performers among the top 15 cryptocurrencies by market capitalization. Several analysts have noted that ADA appears to be following patterns seen in earlier bull cycles, suggesting this move could mark the start of a more extended rally rather than … Read more
Maker’s price has been consolidating over the past several days as investors reassess the strength of the DeFi ecosystem and its stablecoin, Dai. MKR is trading around $1,544, remaining within its recent range. This price marks an increase of more than 64% from last week’s lows. Market capitalization now exceeds $1.4 billion, making it the … Read more
SEC Chair Gary Gensler said commodities and securities on trading platforms are currently intertwined. He also criticized the absence of a direct redemption right for the leading stablecoins and raised concerns about conflicts of interest. United States Securities and Exchange Commission (SEC) Chair Gary Gensler spoke yesterday about a range of issues involving crypto-assets and … Read more
The Friday market downturn spared no digital asset, and Ripple’s cross-border token was among the hardest hit — falling to about $1.05 for the first time in roughly 19 months. However, XRP rebounded quickly and climbed near $1.20 earlier today before encountering selling pressure. As of this writing it sits around $1.13, up roughly 5% … Read more
Ice Cube (O’Shea Jackson Sr.), the iconic rapper and entrepreneur, has joined the Dogecoin movement by backing a DOGE transaction he described as “incredible and historical.” His involvement with Dogecoin is closely tied to BIG3, the 3-on-3 basketball league he helped found. BIG3 features former NBA stars competing in a three-on-three format as an alternative … Read more
Mike Novogratz’s digital asset firm Galaxy Digital and ETH treasury company Sharplink have signed a non-binding memorandum of understanding to create the Galaxy Sharplink Onchain Yield Fund. The new private investment vehicle will concentrate on DeFi liquidity protocols and other on-chain strategies designed to generate yield. $125M Institutional Yield Fund Per the official announcement, Galaxy … Read more
MrBeast bought 538,384 ASTER tokens over the past three days. He accumulated during the dip, purchasing at an average price of about $1.87. Aster DEX resolved a technical trading issue today and reimbursed affected users in USDT. Experienced market participants often view the current pullback as an opportunity to buy at lower prices. On-chain data … Read more