Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s …
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A crypto analyst is eyeing off a sooner timeframe for Bitcoin all-time highs, XRP may retrace up to 40%, and more: Hodler’s Digest Bitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst. The market may be underestimating how quickly Bitcoin could surge …
Regulators should work with DeFi firms to craft sensible policies instead of “unnecessarily stringent rules,” Shibtoshi told Cointelegraph. Shibtoshi, the founder of the SilentSwap privacy-preserving trading platform, outlined several concerns that make institutions hesitant to adopt decentralized finance (DeFi) solutions, including privacy, a lack of standardized compliance regulations, and legal accountability. The DeFi founder told …
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The following is a guest post from Shane Neagle, Editor In Chief fromThe Tokenist. If anything can be learned from the crypto market is that if a shortcut exists, it will be taken. When digital collectibles in the form of NFTs emerged, the market was quickly saturated. In turn, speculative NFT buys on their resell …
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Over 5,000 U.S. banks can now enter crypto markets as regulators lift approval requirements, signaling a major shift toward digital asset integration and streamlined oversight. US Regulators Unlock Crypto for Over 5,000 Banks The Federal Deposit Insurance Corporation (FDIC) issued a pivotal policy update Friday in Washington, allowing financial institutions under its jurisdiction to engage …
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El Salvador President Nayib Bukele will meet U.S. President Donald Trump at the White House next month to discuss security cooperation and immigration enforcement, officials confirmed, following El Salvador’s agreement to incarcerate hundreds of alleged gang members deported from the United States. Bukele’s White House Visit Confirmed After El Salvador Accepts U.S.-Deported Gang Members The …
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Bitcoin endured a sharp decline this weekend, plunging to a session low of $81,629 per coin on Saturday. The broader digital asset market retreated by 2.14% over the preceding 24 hours, settling at $2.66 trillion as of 4 p.m. ET on March 29. Fear Grips Crypto Markets Crypto markets are grappling with significant turbulence, and …
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Data compiled Friday revealed a striking reversal for spot bitcoin exchange-traded funds, which snapped a ten-session inflow streak with a $93.16 million exodus—marking their first day of negative movement. Bitcoin ETFs Drain While Ether ETFs Gain The abrupt shift punctuated a previously unbroken stretch of positive momentum for U.S. bitcoin ETFs, culminating in a $93.16 …
Continue reading “Bitcoin ETFs Snap 10-Day Streak: $93M Flees as Fidelity’s FBTC Takes the Hit”
A billion-dollar US bank is being sued for allegedly mishandling customer funds and worsening a crisis that locked 85,000 customers out of their savings. Yotta Technologies is accusing Evolve Bank & Trust of fraud, conspiracy, and negligence. Yotta offered a high-yield savings product, depositing customer money with Evolve for safekeeping. But in May 2024, after …
An emerging socio-demographic group is on course to become the most affluent generation by 2035, according to a new study by Bank of America’s research arm. Bank of America Global Research says that Generation Z (those born roughly between 1997 to 2012) will become the “largest and richest generation by approximately 2035.” A large part …
President Donald Trump is reportedly pardoning the three co-founders of the crypto exchange BiTMEX, including prominent crypto investor Arthur Hayes. According to a new report by CNBC, Trump pardoned Hayes, Benjamin Delo and Samuel Reed on Thursday, nearly three years after they pleaded guilty to violating the Bank Secrecy Act by willfully failing to establish …
Three of the largest banks in the US say one of the year’s best performing assets still has more room to run to the upside. Starting with Bank of America, head of metals research Michael Widmer says that while the precious gold may witness a short-term pullback after hitting a new record high of $3,085, …
The U.S. Federal Deposit Insurance Corporation (FDIC) has just given its member banks the green light to conduct “crypto-related activities” without prior approval. The federal banking regulator rescinded a previous rule requiring supervised banks to send notifications if they wanted to get involved in digital assets. Now, the FDIC says its member institutions can conduct …
Scammers are hitting Americans’ iPhones and Android devices in a widespread campaign to drain bank accounts. The FBI says more than 2,000 complaints have been filed at the Internet Crime Complaint Center (IC3) in the last year, reporting fake texts about unpaid highway tolls. These “smishing” attacks – combining SMS and phishing – trick users …
Binance’s first class of memecoins chosen by traders is experiencing major volatility following their listings. Earlier this month, Binance introduced a new “Vote to List” campaign, allowing users to choose smaller projects to add to the world’s largest crypto exchange. “We now invite users to participate and vote on the first batch of Vote to …
