Category: crypto

Grayscale has launched two new Bitcoin exchange-traded funds (ETFs) focused on income generation. The Grayscale Bitcoin Covered Call ETF (BTCC) aims to generate high-yield returns by writing call options close to Bitcoin’s spot price, while the Grayscale Bitcoin Premium Income ETF (BPI) blends income generation with growth potential through writing call options far from the…

Ye Zhang, co-founder of Ethereum layer-2 network Scroll, opposes imposing fees on layer-2 networks, arguing it goes against Ethereum’s long-term vision. He believes Ethereum’s strength lies in positioning ETH as the central asset across multiple Layer-2 ecosystems, rather than focusing on extracting fees. Zhang emphasizes the importance of scalability and improving data availability infrastructure for…

First Digital Trust (FDT) denied insolvency allegations made by Justin Sun, stating its stablecoin is fully backed with US Treasury bills. Sun’s social media post caused FDUSD to break its peg, raising questions about the stablecoin’s solvency and implications for Binance. FDT plans legal action and an AMA event to address the issue.

Japanese financial giant Sumitomo Mitsui Financial Group plans to launch a fiat-backed stablecoin on the Avalanche network in collaboration with Ava Labs and Fireblocks. The project aims to modernize cross-border payments by reducing reliance on traditional intermediaries like SWIFT. SMFG has been increasing its involvement in blockchain and stablecoin initiatives in recent years.

The Chinese government is exploring the use of blockchain technology to enhance the security of its credit information systems. The National Development and Reform Commission (NDRC) is incorporating privacy computing solutions to safeguard sensitive data. This move aligns with a global trend of governments utilizing blockchain for non-financial applications.

VanEck is planning to launch the first US-based ETF tracking the BNB token. The asset manager has registered a legal entity for this purpose and aims to mirror BNB’s market performance. The move follows a trend of interest in altcoin ETFs, fueled by the success of spot Bitcoin ETFs. The proposal coincides with increased momentum…

Kraken, a top cryptocurrency exchange, has listed JUST (JST) token on its platform. JUST is a leading DeFi ecosystem on the TRON network, offering stablecoin and lending platforms. The listing includes JST/USD and JST/EUR trading pairs. Additionally, a $90,000 JST token airdrop campaign has been launched. JustLend DAO, part of the JUST ecosystem, provides various…

BlackRock has received approval from the FCA to operate as a registered crypto asset firm in the UK, allowing it to support iShares Digital Assets AG in managing crypto-related ETPs. The firm is limited to specific activities, such as facilitating transactions, selling digital assets for fiat currency, and converting assets during redemptions. The approval could…

Circle’s IPO filing has faced criticism for its Bitcoin strategy and financial stability. The company’s holdings show a small allocation to Bitcoin and Ethereum, with a focus on alternative cryptocurrencies. Industry insiders question Circle’s $5 billion valuation and suggest that its business model may be flawed, leading to concerns about potential acquisition post-IPO.

Russia is working on creating a legal structure to sell confiscated Bitcoin for government revenue. The Federal Bailiff Service is leading efforts to convert seized crypto into state income, starting with a high-profile case involving a former official caught in a crypto bribery scandal. Discussions are ongoing to determine the legal process for selling seized…