Category: crypto

The World Federation of Exchanges (WFE) is urging financial regulators to tighten oversight of tokenized stocks, warning of hidden risks and potential damage to market integrity. These products replicate stocks without offering the same protections, confusing investors. The WFE recommends expanding securities laws to prevent such outcomes. Tokenized equities are gaining momentum, with platforms like…

Canary Capital has proposed a new Canary American-Made Crypto ETF to the SEC, focusing on digital assets with strong US ties. The fund aims to mirror the Made-in-America Blockchain Index’s performance while generating income through network validation processes. Grayscale Investments also plans to convert its Avalanche Fund into a publicly traded trust.

BitMine, an Ethereum-focused firm, saw its shares become heavily traded in the US, with an average daily volume of $2.8 billion. This surge coincides with the company’s pivot towards Ethereum, leading to a 1,000% stock increase. BitMine now holds 1.71 million ETH, making it the largest Ethereum holder globally.

Digital asset investment products saw a significant withdrawal of $1.43 billion last week, the largest in months. CoinShares reported intensified trading activity, with ETPs generating $38 billion in volume. Bitcoin and Ethereum were the most affected, with Ethereum showing stronger positioning for the month. Geographic flows showed diverging investor behavior.

Corporate demand for Bitcoin remains strong despite price volatility, with Strategy and Metaplanet increasing their holdings in late August. Strategy bought 3,081 BTC for $356.9 million, raising their total stash to 632,457 BTC. Metaplanet added 103 BTC, bringing their total to 18,991 BTC and joining the FTSE Japan Index.

CryptoSlate Alpha is a membership program that requires purchasing an NFT using Solana’s SOL token. Users must connect their Solana wallet to complete the purchase. By joining Alpha, users accept the terms and conditions of their digital wallet provider and the Access Foundation. CryptoSlate is not responsible for the digital wallet’s provision, access, security, or…

SBI Group and Chainlink have partnered to promote blockchain adoption and tokenization in Japan and Asia-Pacific. The collaboration will focus on tokenized funds, real assets, and stablecoins, leveraging Chainlink’s infrastructure. SBI aims to enhance operational efficiency and enable cross-border transactions with stablecoins. This partnership follows SBI’s agreement with Ripple to introduce RLUSD stablecoin in Japan.

Galaxy Digital, Multicoin Capital, and Jump Crypto are looking to raise $1 billion to create a Solana treasury through a public company. Cantor Fitzgerald is the lead banker, with a potential takeover of a listed entity. The plan aligns with the growth of Solana in decentralized exchange trading, with other firms also accumulating SOL. If…

Bitcoin dropped to its lowest level in over a month as a major investor moved thousands of coins into Ethereum. The sell-off erased gains from a week earlier, causing Bitcoin to trade at $111,600. The investor deposited 23,000 BTC on Hyperliquid, buying 473,000 ETH. Trading activity surged on Hyperliquid, generating $4.7 million in fees.

Blockchains have scaled, but liquidity is fragmented across L2s and bridges are breaking. Avail aims to solve this with a full-stack unification layer, Nexus for interoperability, and Fusion for security. Their goal is seamless blockchain connectivity for developers and users. The project is expanding with real-world partnerships and technical advancements.