Category: crypto

Franklin Templeton’s filing for the Solana ETF on NYSE Arca is expected to boost SOL’s value and drive interest in altcoin ETFs. The ETF will track the CF Benchmarks Solana Index and hold physical SOL. Demand for altcoin ETFs is growing, with new entrants like Canary Capital and Fidelity contributing to strong inflows.

Kevin Hassett is the leading candidate for Federal Reserve chair under Trump, known for favoring rate cuts. He owns over $1 million in Coinbase stock, sparking debates about conflicts of interest. Treasury Secretary Scott Bessent is conducting a review of other candidates, with Trump likely to announce his decision before Christmas.

The South African Reserve Bank warns that the increasing use of crypto and stablecoins in the country, along with regulatory gaps, could pose a threat to financial stability. With nearly eight million users and $1.5 billion in assets on exchanges, the central bank calls for a comprehensive regulatory regime to address the risks.

Texas has acquired $5 million of BlackRock’s iShares Bitcoin Trust as part of a $10 million initiative to create a state-level bitcoin reserve, potentially making it the first U.S. state to do so. Guidelines and custodian selection are being finalized for direct bitcoin holdings, with other states like Michigan, Wisconsin, New Hampshire, and Arizona also…

Users reported fake ERC-20 token transfers on Monad’s mainnet shortly after its launch. The spoofed transfers are not moving funds but are designed to look legitimate. Despite the scam tactics, no assets have been lost, and the network continues to see strong demand following the MON token airdrop.

U.S. Bancorp is testing stablecoin payments and custody services on the Stellar blockchain. The bank views stablecoins as a way to move money on a blockchain and is exploring use cases and customer interest. Other major U.S. banks like Citi, Goldman Sachs, and Bank of America are also exploring stablecoin initiatives.

The CFTC is forming the CEO Innovation Council to advise on crypto and prediction market policy, with Selig nominated for chair amid leadership changes. Nominations for the advisory body are open until Dec. 8. Selig advocates for strong regulatory presence in digital asset commodities amid debates over CFTC-SEC jurisdiction.

The U.S. Bureau of Economic Analysis has delayed the release of the initial estimate of third-quarter GDP and other economic reports due to a government shutdown. The lack of timely data leaves policymakers, investors, and markets without crucial insights on economic growth trends, potentially impacting decision-making.

Reliance Global Group has converted their entire crypto treasury into Zcash due to its compliance-ready privacy features. This decision was made after a strategic review led by the Chairman of the Crypto Advisory Board. Zcash’s dual transaction model and performance have led to renewed interest and institutional investment in the token.

Kakaobank is developing a won-pegged stablecoin called “Kakao Coin” and is hiring blockchain talent for backend development. They are also preparing for security token offerings with partnerships in place. South Korea’s new legislation supports STO market growth, with competitors Naver and Dunamu also advancing stablecoin and digital wallet strategies.