Category Archive: Cryptocurrency, No picture
WisdomTree files for XRP ETF via Delaware trust
Key Takeaways WisdomTree filed to establish a Delaware trust for a proposed XRP ETF. This filing is part of increasing crypto ETF activity beyond Bitcoin and Ethereum. Share this article WisdomTree, managing approximately $113 billion in assets, has filed to establish a trust entity for a proposed XRP exchange-traded fund in Delaware. The Delaware trust […]
MicroStrategy acquires 55,500 Bitcoin for $5.4 billion
Key Takeaways MicroStrategy acquired an additional 55,500 BTC as part of its strategy to increase Bitcoin holdings. Bernstein projects MicroStrategy’s Bitcoin holdings could reach 830,000 BTC by 2033, valued at $1 million per coin. Share this article MicroStrategy said Monday it had acquired an additional 55,500 Bitcoin for $5.4 billion at an average price of […]
Ripple partners with Archax to debut first tokenized money market fund on XRPL
Key Takeaways Archax and Ripple are collaborating to launch the first tokenized money market fund on XRPL. Tokenized assets could reach $16 trillion by 2030, showing great growth potential in digital securities. Share this article Ripple is teaming up with Archax, a UK-regulated digital asset exchange, to launch a tokenized money market fund from UK […]
Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether
Key Takeaways Cantor moved to secure 5% of Tether ownership in a deal worth around $600 million. The company’s CEO, Howard Lutnick, will resign from Cantor Fitzgerald upon his confirmation as Commerce secretary. Share this article Cantor Fitzgerald, led by Donald Trump’s Commerce secretary nominee Howard Lutnick, reached an agreement to acquire a 5% ownership […]
Bitcoin ETFs could overtake gold ETFs in size within one month
Key Takeaways US Bitcoin ETFs are expected to surpass gold ETFs in size by Christmas, with current assets at $107 billion. BlackRock’s iShares Bitcoin Trust remains a key player this week, capturing 73% of net inflows into Bitcoin ETFs. Share this article US Bitcoin ETFs will soon catch up to gold ETFs in size if […]
Trump taps pro-Bitcoin Scott Bessent as Treasury secretary
Key Takeaways Scott Bessent, a Bitcoin advocate, has been nominated as Treasury secretary by Donald Trump. Bessent’s nomination may impact US digital asset policy, potentially including a strategic Bitcoin reserve. Share this article President-elect Donald Trump has picked Scott Bessent, the founder of hedge fund Key Square Capital Management and a Bitcoin advocate, as his […]
X teases money transfer feature as part of Musk’s everything-app vision
Key Takeaways X plans to introduce a money transfer feature under its X Payments service, aligning with Musk’s vision for an ‘everything app’. X Payments LLC has acquired money transmitter licenses in most US states, positioning the platform to incorporate financial services. Share this article X is preparing to launch a money transfer feature as […]
Trump’s SEC chair frontrunner Mark Uyeda advocates for regulatory sandboxes in crypto
Key Takeaways Amid Gary Gensler’s departure, Mark Uyeda, one of the SEC frontrunners, promotes the use of regulatory sandboxes to foster crypto innovation. Uyeda emphasized ending the ‘war on crypto’ by establishing clear regulatory guidelines. Share this article SEC Commissioner Mark Uyeda advocated for safe harbors and regulatory sandboxes to foster crypto innovation during a […]
Cboe set to launch first cash-settled options related to spot Bitcoin
Key Takeaways Cboe’s new Bitcoin ETF index options launch December 2, offering cash settlement and European-style exercise. The Cboe Bitcoin US ETF Index tracks the performance of US-listed spot Bitcoin ETFs and offers exposure to Bitcoin’s price movements. Share this article Cboe Global Markets has announced plans to introduce the first cash-settled index options tied […]
Amazon doubles down on Anthropic with $4 billion investment
Key Takeaways Amazon has increased its investment in Anthropic, committing an additional $4 billion. AWS has been named the primary training partner for Anthropic’s foundation models. Share this article Amazon has announced an additional $4 billion investment in Anthropic, the AI startup known for its Claude chatbot and advanced AI models.This latest funding brings Amazon’s […]
