Category: crypto

Canary Capital CEO Steven McClurg explained that the firm’s recent crypto ETF filings are a calculated approach to engage with assets with potential and unmet demand. They filed for the first Litecoin, Hedera, and Axelar ETFs, aiming to identify opportunities before they become industry trends and ensure viability before proceeding. The content discusses the importance…

Argentine President Javier Milei’s public trust has plummeted following his connection to the LIBRA memecoin collapse. A national poll showed that 57.6% of Argentinians no longer trust him, with growing dissatisfaction over his administration’s handling of the economy and security. Milei’s credibility has been damaged, with accusations of involvement in a pump-and-dump scheme.

Dunamu, the parent company of UPbit, South Korea’s largest crypto exchange, saw a significant increase in earnings in 2024 despite regulatory challenges. Operating profit surged 85.1% to 1.19 trillion won, with revenue climbing 70.5% to 1.73 trillion won. The firm attributed this success to increased trading activity after Bitcoin’s halving and positive investor sentiment following…

Tether has invested €10 million in Italian media company Be Water, securing a 30.4% stake. This investment aims to support international expansion and digital infrastructure. Despite claims of preserving editorial independence, the ownership structure of Be Water has changed. Tether’s core business, USDT stablecoin, has reached 400 million users worldwide.

Ripple has partnered with Chipper Cash to provide faster and more affordable cross-border payments in nine African countries. This integration allows Chipper Cash customers to access Ripple Payments for swift international transfers using digital assets. The partnership aims to drive economic growth and innovation in underserved markets and increase financial inclusion in Africa.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is considering integrating Circle’s stablecoin products—USD Coin (USDC) and US Yield Coin (USYC)—into its financial infrastructure. This move comes as USDC reaches a $60 billion market cap and USYC offers a 3.8% yield. ICE’s exploration reflects the increasing interest from traditional financial…

The US House of Representatives introduced an updated version of the STABLE Act on March 26, aiming to regulate payment stablecoins and introduce new compliance mechanisms. The legislation clarifies definitions, mandates monthly reserve attestations, and imposes criminal penalties for false certifications. The bill also includes provisions for rulemaking, industry alignment, and consumer protection.

Congressman Tom Emmer reintroduced the Securities Clarity Act with Rep. Darren Soto to clarify the classification of digital assets under federal securities law. The bill aims to distinguish between investment contracts and digital assets to provide regulatory clarity and support innovation. This legislative effort is part of a broader push to modernize digital asset regulation…

Despite negative funding rates in perpetual futures, short sellers were caught off guard by Bitcoin’s rising price, leading to AlphaShort liquidations. The unexpected bullish trend contradicted the bearish outlook on funding rates.

The guest post from Susannah Evans at Interchain Foundation discusses the potential of blockchain and Web3 technologies in shaping the future of the internet. Despite advancements, mass adoption remains elusive due to poor user experience. Interoperability challenges, security concerns, and wallet fragmentation hinder widespread adoption. Solver-based bridging protocols and chain abstraction are emerging solutions to…