Category: crypto

REX Shares and Osprey Funds are set to debut five new crypto exchange-traded funds (ETFs) next week, structured similarly to their Solana SSK ETF. The RIC framework they employ allows for flexibility in holding spot crypto assets, using derivatives, and investing in other ETFs. The SEC is working on a standardized listing framework for crypto…

Coinbase is demanding accountability from the SEC after the agency deleted nearly a year of text messages from former Chair Gary Gensler during a crypto enforcement campaign. The filing seeks expedited discovery and production of all communications. The SEC allegedly violated court orders by not producing all texts and claiming searches were incomplete.

Aave, a decentralized lending protocol, aims to reduce governance risks within the Ethereum layer-2 network, Scroll’s ecosystem. The proposal by ACI includes defensive measures to protect users and liquidity pools by increasing reserve factors and lowering supply and borrowing caps. This comes amid instability in Scroll’s decentralized governance model.

Crypto protocols raised $1.9 billion in August, down from July. DeFi protocols dominated funding, with major raises from Portal, M0, and aPriori. AI and infrastructure projects also secured substantial funding. Cybersecurity and stablecoin infrastructure attracted capital. Public token sales saw a decrease. Layer-2 solutions received strategic investments. Institutional interest remains strong.

A long-dormant Bitcoin whale has resurfaced, moving funds untouched since 2012. Three connected addresses shifted 137 BTC, worth $15.6 million, out of a cache of 955 BTC ($108 million). Some funds were sent to Kraken, suggesting intent to sell. This movement reflects a trend of dormant Bitcoin wallets reawakening.

Ethena Labs withdrew its bid to issue Hyperliquid’s USDH stablecoin due to concerns raised by validators and community members. Despite this, Ethena’s broader plans on Hyperliquid remain unchanged, focusing on products such as synthetic dollars, savings and card products, and hedging flows. Young emphasized the importance of competitiveness and innovation.

TRON DAO participated as a 3 Block Sponsor of CoinDesk: Policy & Regulation conference in Washington D.C. The event brought together key policymakers, regulators, and government officials to discuss combating financial crimes in the cryptocurrency sector. TRON’s T3 Financial Crimes Unit has frozen over $250 million in illicit assets globally.

On September 10, Ethereum’s Beacon Chain experienced a major slashing event, penalizing 40 validators for conflicting attestations. Most affected operators were linked to Ankr, with one validator losing 0.3 ETH worth $1,300. Slashing occurs when validators violate consensus rules, often due to errors in running keys across multiple environments. Validators must continue operating despite fines…

AVAX reached a seven-month high as the Avalanche Foundation seeks up to $1 billion in funding for dedicated treasury companies holding its token. The token’s price surged by 9% to $29, outperforming other top-20 crypto assets. This initiative reflects momentum within the Avalanche ecosystem and follows a trend of DATCO launches in the industry.

Long-term Bitcoin holders sold 183,000 BTC in the last 30 days, with a large portion spent in a single session. This coincided with a record high in illiquid supply and an increase in ETF allocations. The market is now waiting to see if primary-market buyers will absorb the released supply.