Category: crypto

The US SEC has extended the deadline for reviewing proposed ETFs tied to Polkadot and Hedera. The agency will decide on Grayscale’s Polkadot Trust conversion and Canary Capital’s HBAR ETF on June 11, and Bitwise’s Bitcoin and Ethereum ETF on June 10. The extension is due to a surge in crypto-related filings.

The stablecoin sector is experiencing rapid adoption and could reach a market cap of over $1.6 trillion by 2030, according to a report by Citi Group. Regulatory clarity and institutional interest are driving growth beyond crypto trading to areas like payments, remittances, and institutional capital markets. Emerging markets and financial institutions are embracing stablecoins, with…

Bitcoin options open interest has surged to $38 billion, with a large number of call options being placed at the $100,000 strike price. This indicates a bullish sentiment among traders towards Bitcoin reaching that price.

Tether has increased its stake in Juventus Football Club to 10.12% of issued shares, giving it 6.18% of voting rights. This boosted Juventus’s fan token, JUV, by over 10%. Tether aims for a long-term partnership with Juventus, expressing interest in future equity rounds and collaboration in innovation and technology.

PayPal and Coinbase have deepened their partnership to promote the use of PayPal USD (PYUSD) in real-world transactions. Users can now buy and redeem PYUSD on Coinbase without fees. The companies plan to explore DeFi integrations and cross-border payment solutions. The move reflects a growing interest in stablecoins.

A crypto coalition in Switzerland is urging the Swiss National Bank to invest in Bitcoin alongside gold in its foreign reserves. Advocates cite concerns about traditional currency reliance and political exposure. The initiative aims to protect against inflation and align with global trends. Despite momentum, the SNB remains cautious due to Bitcoin’s volatility and technical…

The Dubai Virtual Assets Regulatory Authority (VARA) warns against unauthorized entities falsely claiming to be part of the Dubai Land Department’s Real Estate Tokenization Project. VARA emphasizes that only approved participants can be involved and cautions against unlicensed virtual asset activities. The DLD reaffirms its commitment to the project aiming to digitize property deeds.

Cardano founder Charles Hoskinson doubts Ethereum’s relevance in the next decade, citing structural issues and user migration to alternative platforms. He criticizes Ethereum’s architecture, governance model, and foundational components, suggesting technical upgrades alone won’t solve its problems. Despite this, he welcomes Vitalik Buterin’s proposal to replace the Ethereum Virtual Machine with RISC-V.

NBA Champion Shaquille O’Neal settled a lawsuit with investors over promoting the now-defunct crypto exchange FTX. The agreement remains confidential until court approval is sought. O’Neal was sued for endorsing FTX before its bankruptcy. Previously, he settled a class-action suit related to the NFT project Astrals. FTX is preparing for creditor payments amidst risks of…

CME Group is set to launch XRP futures on May 19, pending regulatory approval. The futures will come in two contract sizes tied to 2,500 XRP and 50,000 XRP, respectively. This move is in response to growing demand for XRP and its native blockchain, the XRP Ledger. The launch could also influence the SEC’s decision…