Category Archive: Cryptocurrency, No picture

BREAKING: Ethereum spot ETFs approved by SEC

BREAKING: Ethereum spot ETFs approved by SEC

The US Securities and Exchange Commission said it has approved the launch of spot Ethereum ETFs for accelerated launch, according to a document uploaded to the agency’s website.   “After careful review, the Commission finds that the Proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange,” the […]
House of Representatives halts Fed’s CBDC plans with new legislation

House of Representatives halts Fed’s CBDC plans with new legislation

The House of Representatives voted 216-192 to pass the CBDC Anti-Surveillance State Act, effectively prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC), as reported by the Washington Examiner. The bill was championed by House Majority Whip Tom Emmer (R-MN) and aims to prevent government overreach and safeguard financial privacy. The legislation […]
Ethereum price crash attributed to MEV manipulation: Report

Ethereum price crash attributed to MEV manipulation: Report

Ethereum (ETH) faced a nearly 5% crash in one hour this Thursday, despite the anticipation around the approval of spot Ethereum exchange-traded funds (ETFs) in the US. The X user identified as ai_9684xtpa pointed out that this was likely a market manipulation movement by the trading firm Symbolic Capital Partners.“The agency sold 6,968 ETH in […]
Hong Kong SFC mulls allowing staking for Ethereum ETFs

Hong Kong SFC mulls allowing staking for Ethereum ETFs

Hong Kong’s Securities and Futures Commission (SFC) is reportedly exploring the possibility of allowing Ethereum ETFs under its jurisdiction to stake their tokens, a move that sets it apart from the stance taken by US regulators.This initiative aligns with the SFC’s progressive approach, following its recent approval of spot Ethereum ETFs alongside Bitcoin products. According […]
Grayscale Investments launches Near and Stacks crypto trusts

Grayscale Investments launches Near and Stacks crypto trusts

Grayscale Investments, the world’s largest crypto asset manager, has announced the creation and public launch of two new crypto investment trusts: Grayscale Near Trust and Grayscale Stacks Trust. The new trusts, which opened on May 23, allow eligible individual and institutional accredited investors to access daily subscriptions for diversified crypto exposure.The Grayscale Near Trust is […]
US Lawmakers pressure SEC for Ethereum ETF approval

US Lawmakers pressure SEC for Ethereum ETF approval

A bipartisan group of US lawmakers sent a letter to the SEC urging the approval of spot Ethereum exchange-traded funds (ETFs), as reported by Politico. The group consists of five members of the House Financial Services Committee, two Republicans and three Democrats, and is led by Rep. French Hill.The letter mentions the approval of spot […]
SEC engages with Ethereum ETF issuers on S-1 forms

SEC engages with Ethereum ETF issuers on S-1 forms

Fox Business journalist Eleanor Terrett said on Thursday that the US Securities and Exchange Commission (SEC) started talks with Ethereum exchange-traded fund (ETF) issuers regarding their S-1 registration forms. She cited sources who said there is still “work to do” on those forms.This could be seen as a positive development, but it suggests there might […]
Fourteen years ago, someone bought pizza with Bitcoin

Fourteen years ago, someone bought pizza with Bitcoin

It was, back then, a new transaction, conceived from peer-to-peer friendships, and dedicated to the proposition that commerce on the Internet has come to rely almost exclusively on financial institutions.Now we are almost a decade and a half on, in a movement that could test whether the ideas conceived by Satoshi Nakamoto can endure. We […]
US House passes landmark FIT21 crypto bill with bipartisan support

US House passes landmark FIT21 crypto bill with bipartisan support

The US House of Representatives has approved the Financial Innovation and Technology for the 21st Century Act (FIT21), a wide-reaching bill that establishes regulations for digital asset markets.The bill passed with a 279-136 vote, marking the crypto industry’s biggest-ever policy win in the US and the first time a major crypto bill has cleared one […]
Nvidia reports $26 billion Q1 revenue, AI crypto tokens show correlative gains

Nvidia reports $26 billion Q1 revenue, AI crypto tokens show correlative gains

Chip-making tech behemoth Nvidia has announced its Q1 earnings, showing a record quarterly revenue of $26 billion, up by 5.5% of market expectations. The company has also confirmed that a ten-for-one forward stock split would be implemented by June 7, 2024. At the time of writing, the Nvidia stock ($NVDA) is up 2.6% after market […]