Category: crypto

Canary Capital filed an S-1 registration statement for a TRUMP memecoin ETF with the SEC, marking a departure from mutual fund approaches. The filing distinguishes the product as a traditional ETF structure, enabling compliance with securities laws. The firm also plans to launch an American-Made Crypto ETF focusing on US-origin crypto assets.

XRP futures at CME Group reached $1 billion in open interest in just over three months, making it the fastest contract to do so. The overall crypto futures suite surpassed $30 billion in open interest, with Ethereum also reaching a record. This milestone indicates growing demand for regulated cryptocurrency exposure.

Standard Chartered predicts that Ethereum and companies holding it in their treasuries are undervalued, despite ETH reaching a record high. Treasury firms and ETFs have acquired nearly 5% of all Ethereum since June, with projections that they could eventually control 10%. The bank also forecasts Ethereum to reach $7,500 by year-end.

Commerce Secretary Howard Lutnick announced that the Department of Commerce will begin issuing GDP and economic statistics on blockchain. This initiative aligns with existing federal blockchain pilots across agencies, such as Treasury’s grant distribution system and the Commodity Futures Trading Commission’s evaluation of tokenized collateral. Congressional legislation also supports blockchain deployment.

MetaMask introduced a social login feature on Aug. 26, allowing users to create and manage crypto wallets using Google or Apple accounts to simplify the process of managing seed phrases. The self-custodial wallet service streamlines wallet creation into two steps and emphasizes the importance of secure passwords for wallet security.

Bitcoin ETFs in the United States saw their first day of inflows in over a week, with $219 million collectively invested on August 25. Fidelity, BlackRock, and Ark 21Shares led the rebound, while Ethereum ETFs outpaced Bitcoin with $443.9 million in net inflows. This suggests renewed opportunity for investors in cryptocurrencies.

deBridge, a cross-chain infrastructure provider, announced full compatibility with the TRON network, enabling users to move assets between TRON and other chains instantly. This integration enhances TRON’s ecosystem and supports stablecoin flow activity. TRON’s fast block times align with deBridge’s bridging requirements, facilitating efficient cross-chain transactions and interoperability.

Trump Media Group has partnered with Yorkville Acquisition Corp. to create a new entity focused on acquiring and holding Cronos’s CRO token. The company, Trump Media Group CRO Strategy, will be capitalized with $6.42 billion. Founding partners include Yorkville, Trump Media, and Crypto.com. The goal is to stake CRO assets for recurring revenue and integrate…

SharpLink, a company focused on Ethereum, acquired 56,533 ETH at an average cost of $4,462, totaling 797,704 ETH worth nearly $3.7 billion. They earned 1,799 ETH in staking rewards and have $200 million for future acquisitions. SharpLink’s co-CEO emphasized their commitment to shareholder value. They also filed to register 3 million shares for an inducement…

Kraken has engaged in dialogue with the SEC’s Crypto Task Force on integrating tokenization into regulated financial markets. They presented ideas on tokenized trading systems under US law, emphasizing the need for clearer regulatory guidance. The growing interest in real-world asset tokenization is supported by regulators, with the sector rapidly expanding.