In Brief SEC’s new ETF framework centers on crypto futures contracts, enabling broader crypto ETF approvals, particularly for altcoins. Only cryptocurrencies with at least six months of futures contracts on Coinbase or CME are eligible for ETFs, simplifying approval. Despite the new rule, meme coins and smaller assets without futures markets face more complex paths…
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In Brief SEC pauses crypto index fund approvals, delaying multi-asset ETF decision until further review amid regulatory uncertainties. Kitabou, a Japanese textile manufacturer, invests $5 million in Bitcoin, adopting a treasury strategy and exploring crypto mining. Trump’s DeFi platform World Liberty Financial accelerates Ethereum purchases, amassing 5,600+ ETH in a week with a $19 million…
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In Brief The SEC approved Grayscale’s new five-asset basket ETF but delayed its launch indefinitely with a stay order. Experts speculate the SEC may want to resolve regulatory issues surrounding altcoin jurisdiction before launch. The delay is not a rejection but a temporary setback, leaving the crypto community in anticipation for clarification. Despite approving Grayscale’s…
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In Brief NYSE Arca submits a 19b-4 filing to list and trade Bitwise’s Dogecoin ETF, pending SEC approval. Market sentiment for approval is rising, with Polymarket showing a 67% probability and Bloomberg analysts predicting a 75% chance in 2025. DOGE price drops 15.79% despite ETF optimism, reflecting broader market volatility and weakened trading volume. NYSE…
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In Brief The crypto market cap dropped $109 billion to $2.77 trillion, with risks of falling to $2.50 trillion if bearish trends persist. Bitcoin struggles at $85,000; failure to hold this support could push BTC to $80,313, while a rebound may target $89,800. Bitget Token (BGB) hit a 2-month low at $3.96; reclaiming $4.12 could…
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In Brief Grayscale files with the SEC for Litecoin, Solana, and three other crypto ETF products amid increasing industry competition. The firm’s Litecoin ETF marks only the second such filing, following Canary Capital’s application in October. Uncertainty remains as the SEC reviews a surge of crypto ETF proposals after Gary Gensler’s resignation. Grayscale, one of…
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In Brief The SEC has filed a lawsuit against Nova Labs, the developers of the Helium Network, alleging they misled investors. The agency claimed the firm made false claims about partnerships with major corporations like Salesforce and Nestlé. This case emerges as SEC Chair Gary Gensler prepares to step down from his role at the…
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In Brief Multiple crypto ETF applications were filed as Gary Gensler exited the SEC, signaling optimism for regulatory changes. Key filings include funds targeting Solana futures, digital asset debt, and diversified crypto market indexes. Industry expects pro-crypto policies under new SEC leadership and Trump’s upcoming executive orders. A surge in crypto ETF applications emerged as…
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In Brief Paul Atkins, a former SEC Chair, is reportedly a leading candidate to lead the agency under President-elect Trump. Atkins has strong crypto advocacy ties, making him a favored choice among pro-crypto circles for a reformative SEC agenda. While Atkins is seen as the frontrunner, “Crypto Mom” Hester Peirce and other candidates remain in…
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In Brief The SEC has distributed $4.6 million to investors affected by BitClave’s failed 2017 ICO, which raised $25.5 million. BitClave agreed to pay $29 million to a restitution fund but had only contributed $12 million as of early 2023. Eligible investors filed claims by August 2023, and the SEC completed the review process in…
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