Category: crypto

Grayscale Investments is working on introducing a spot Avalanche exchange-traded fund (ETF) product to the market. Nasdaq has applied to list and trade the Grayscale Avalanche Trust shares as an ETF with the SEC. The goal is to provide investors with a streamlined way to gain exposure to AVAX, the native token of the Avalanche…

South Carolina lawmakers introduced a bill to create a Bitcoin reserve to protect public funds from inflation. The bill would allow the state to invest up to 10% of its funds in Bitcoin, with a limit of 1 million BTC. The state also dropped its lawsuit against Coinbase over alleged securities violations.

Terraform Labs, the bankrupt firm behind the failed TerraUSD (UST) stablecoin, has launched a crypto claims portal to compensate users affected by the project’s crash in 2022. Creditors can submit claims until April 30, 2025, providing proof of asset ownership. Meanwhile, Galaxy Digital settled with the New York Attorney General for $200 million for promoting…

The Sei Foundation is considering acquiring bankrupt genetic testing company 23andMe to protect genetic data through blockchain technology. The acquisition would allow individuals to control how their data is shared, monetized, or stored. This move aligns with Sei’s mission to protect user data and advance Decentralized Science (DeSci).

GameStop shares dropped over 15% in a single day after announcing a surprise move to invest in Bitcoin and close more physical stores. Investors are concerned about the lack of clarity in the company’s long-term strategy and the risks associated with the shift in direction. Bitcoin’s price volatility adds further skepticism.

Panama has introduced a comprehensive draft bill to regulate cryptocurrencies and promote blockchain services, aiming to position itself as a fintech leader in Latin America. The proposed law recognizes digital assets as legal means of payment, establishes licensing requirements for service providers, and includes strict compliance measures aligned with international standards.

AlphaEthereum offers a wide range of stablecoins on its platform, surpassing Tron’s focus on USD dominance with its diverse selection. While Ethereum prioritizes variety, Tron excels in the efficiency of Tether stablecoins.

Ethereum’s Pectra upgrade is set to go live on the mainnet on April 30, pending final approval. The upgrade combines improvements from Prague and Electra proposals to enhance user and developer experiences. The Hoodi testnet has successfully finalized the upgrade, overcoming previous delays on other testnets like Holesky and Sepolia.

BlackRock’s Global Allocation Fund significantly increased its exposure to Bitcoin through the iShares Bitcoin Trust, with a 1,810% increase since the ETF’s launch in January 2024. The fund now holds over $47 million worth of IBIT shares, representing a growing interest in digital assets within traditional fund structures.

Paul Atkins, former SEC Commissioner and nominee for SEC Chair, appeared before the Senate Banking Committee vowing to restore clarity and restraint to the agency’s regulatory agenda. He emphasized the need for coherent rules on digital assets and faced questioning from Senator Elizabeth Warren about conflicts of interest with the cryptocurrency industry. If confirmed, Atkins…