Category Archive: Cryptocurrency, No picture
State Street eyes creation of its own stablecoin and deposit token: Report
Key Takeaways State Street is considering creating its own stablecoin and deposit token for blockchain-based payments. Nearly half of institutions surveyed by State Street are ready to trade digital assets on blockchains. State Street Corp. is exploring blockchain-based payment settlement options, including the creation of its own stablecoin and deposit token, as reported by Bloomberg. […]
21Shares sets Ethereum spot ETF fee at 0.21%, new filing reveals
Key Takeaways 21Shares will charge investors a 0.21% management fee for its spot Ethereum fund. The SEC’s deadline for final S-1 forms may trigger a fee war among Ethereum ETF issuers, similar to what happened with spot Bitcoin ETFs. 21Shares has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its […]
Grayscale launches new fund indexed to five AI tokens
Key Takeaways Grayscale’s new fund includes five Decentralized AI crypto protocols with quarterly rebalancing. The fund focuses on AI services, solutions to centralized AI problems, and critical AI infrastructure. Grayscale Investments has launched the Grayscale Decentralized AI Fund LLC to expose investors to protocols combining artificial intelligence (AI) and decentralization. The fund includes a basket […]
a16z co-founders endorse Trump, citing crypto and AI policy concerns
Key Takeaways a16z founders endorse Trump for his pro-crypto policies. Republican tech policy platform for 2024 vows to stop the crypto crackdown. Marc Andreessen and Ben Horowitz, co-founders of prominent venture capital firm Andreessen Horowitz (a16z), have announced their support for Donald Trump in the 2024 presidential race, citing concerns over crypto and AI policy […]
Trump says US must lead in crypto or risk China’s takeover
Key Takeaways Donald Trump emphasized the need for the US to lead in the crypto sector. He has chosen Ohio Senator JD Vance, known for his crypto-friendly stance, as his vice presidential running mate for the 2024 Republican ticket. If the US doesn’t lead in crypto, another country, likely China, will, said Donald Trump in […]
Chinese businessman linked to Steve Bannon found guilty of running billion-dollar crypto scam
Key Takeaways Guo Wengui was convicted on multiple charges including fraud and money laundering. The SEC has separately charged Guo for H-Coin, his fraudulent crypto venture. Guo Wengui, a Chinese businessman linked to Steve Bannon, was found guilty on nine of the 12 criminal counts for charges including fraud, racketeering, and money laundering.In a statement […]
Bitcoin ETFs log $420 million inflows as Bitcoin taps $66,000
Key Takeaways US spot Bitcoin ETFs saw a $420 million net inflow on Tuesday, marking the eighth consecutive day of positive inflows. Despite a previous setback, the ETFs have surpassed expert expectations with a $16 billion net inflow year-to-date. US spot Bitcoin exchange-traded funds (ETFs) captured over $420 million in net inflows on Tuesday, according […]
Trump has shifted crypto into a ‘wedge issue’ as campaign intensifies
Key Takeaways Trump has reversed his critical view of cryptocurrencies, now promoting a deregulated approach. His pro-crypto stance aligns with substantial campaign donations from industry leaders. Former US President Donald Trump, who recently survived an assassination attempt, has made a notable shift in his stance on crypto, positioning the technology as a key campaign issue […]
Bitcoin ETFs surpass $16 billion in netflows, setting a new all-time high
Key Takeaways Bitcoin ETFs exceeded $16 billion in yearly netflows, surpassing 12-month estimates in just 6 months. Nine Bitcoin ETFs added 5,383 BTC ($340 million) to their holdings in a single day, with BlackRock leading. The spot Bitcoin (BTC) exchange-traded funds (ETFs) crossed $16 billion in yearly netflows for the first time, as reported by […]
$UXLINK governance token airdrop: UXLINK reveals guidelines and eligibility criteria
Key Takeaways UXLINK will distribute 1 billion tokens with specific roles and vesting detailed in their whitepaper. Eligibility for UXLINK’s Season 1 Airdrop is based on user engagement and verified wallet addresses. Thanks to the feedback and suggestions from the UXLINK community on the UXLINK airdrop rules and process, after collecting a large amount of feedback, […]
