Category: crypto

Coinbase is launching Mag7 + Crypto Equity Index Futures, a US-listed product combining traditional equities and crypto exposure, debuting on Sept. 22. The index tracks 10 components, including major US tech companies and BlackRock’s Bitcoin and Ethereum ETFs, with quarterly rebalancing. This product addresses investor demand for dual exposure to financial instruments and digital assets.

U.S. market regulators issued a joint staff statement on Sept. 2 affirming that registered exchanges can offer certain spot crypto asset products. The SEC and CFTC coordinated this effort to expand market choice and bring digital asset innovation back onshore. This move is part of ongoing initiatives to modernize regulatory frameworks.

Pump.fun introduced Project Ascend on Sept. 2, aiming to boost creator earnings by 10 times through a new fee structure based on token performance. The platform regained market dominance from Bonkfun, with the centerpiece being Dynamic Fees V1. Pump.fun’s revenue recovered to $35 million in August, with strategic adjustments leading to its comeback. The platform…

Solana (SOL) validators approved the Alpenglow (SIMD-0326) governance process, aiming for a potential increase in price to $250. Alpenglow overhauls Solana’s consensus architecture with Votor, reducing transaction finality to 100-150 milliseconds. The upgrade also enhances network efficiency and security. The implementation could drive institutional adoption, with SOL projected to reach $250 by Q4.

Gemini and Figure are seeking combined valuations exceeding $6.3 billion for their initial public offerings (IPO). Figure aims to raise $526.3 million at a $4.13 billion valuation, while Gemini is seeking $317 million at a $2.22 billion valuation. The momentum behind crypto IPOs is growing following successful debuts by other companies.

Yunfeng Financial Group, linked to Jack Ma, purchased $44 million worth of Ethereum to build an ETH treasury. This move aligns with the trend of public companies adopting crypto treasury strategies. The purchase is part of Yunfeng’s broader strategy to expand into Web3, real-world assets, digital currencies, and AI. This signals growing institutional acceptance of…

Starknet, an Ethereum Layer 2 scaling network, resumed block production after a disruption, rolling back to restore service. The team plans to publish a post-mortem on the incident. Despite the setback, Starknet secures $550 million in assets. The outage affected market sentiment, with STRK losing 5% and trading near $0.123. The “Grinta” upgrade introduced a…

Venus Protocol suspended its platform after a user lost millions of dollars in a phishing incident. The stolen assets included various cryptocurrencies. The Venus team is investigating and applying security protocols. Experts clarified that Venus itself was not compromised, but the attacker exploited the compromised wallet’s permissions. The possibility of a hijacked frontend was mentioned.

Polymarket contracts price less than a 1% chance of President Donald Trump resigning today as traders position ahead of a 2 P.M. ET Oval Office announcement. Trump’s low approval rating and recent health speculation have fueled trading volume. The market rules frame why odds remain low, with trading flurry following online speculation about Trump’s health.…

In August, Ethereum exchange-traded funds received $3.9 billion while U.S. Bitcoin ETFs had $750 million in redemptions. Ethereum funds consistently attracted capital since late July, with a record July for Ethereum vehicles. The increase in ETF holdings could impact price discovery and liquidity in spot markets. JPMorgan predicts continued growth in Ethereum holdings in ETFs…