Category Archive: Cryptocurrency, No picture
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, 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
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
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
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
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
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 […]
MetaMask reportedly working on native Bitcoin integration
MetaMask, the popular Ethereum wallet with over 30 million monthly active users, is reportedly preparing to support native Bitcoin (BTC) transactions, according to reports citing persons familiar with the matter.While the company has not officially confirmed the rumors or provided a specific timeline, the integration could potentially be available as early as June, with features […]
Experts speak out on how high Ethereum could go with an ETF approval
Tomorrow is the final deadline for the approval of VanEck’s spot Ethereum exchange-traded fund (ETF) in the US, and expectations are high. Bloomberg ETF analyst James Seyffart shared that an approval movement “is happening,” despite regulatory indicators pointing out to the contrary direction until Monday.As a result, Ethereum (ETH) leaped up to 21% in less […]
Nasdaq refiles for BlackRock’s proposed Ethereum spot ETF
Nasdaq has submitted an updated 19b-4 form to the Securities and Exchange Commission (SEC) for BlackRock’s proposed spot Ethereum exchange-traded fund (ETF).BlackRock’s updated form, filed on Wednesday, follows the SEC’s request earlier this week for exchanges to revise their 19b-4s, which are critical in the approval process for rule changes necessary for the ETFs to […]
