Category: crypto

The SEC has acknowledged Grayscale’s applications for spot Dogecoin (DOGE) and XRP exchange-traded funds (ETFs), marking the first step in the regulatory review process. This indicates a willingness to consider these crypto ETFs, with potential approval leading to direct exposure to DOGE and XRP for investors. Despite regulatory uncertainty, there is a growing possibility that…

Coinbase ended 2024 with strong financial results, reporting $2.3 billion in revenue for Q4 and $6.6 billion for the full year. The company saw significant growth in trading revenue and net income, attributing its success to new product offerings and efforts to integrate on-chain finance. Coinbase is focused on regulatory clarity and aims to drive…

Robinhood CEO Vlad Tenev believes the crypto-friendly environment in the US will benefit the firm’s business, praising the benefits of stablecoins and tokenization. He highlighted the importance of 24/7 liquidity in crypto trading and discussed the potential of tokenizing private company stocks for US investors. Tenev also emphasized the need for stablecoins to accrue yield…

Jupiter Exchange, a decentralized trading aggregator on Solana, will allocate 50% of protocol fees for buybacks and locking JUP tokens for three years starting Feb. 17. This initiative aims to reduce circulating supply, increase stability, and enhance platform sustainability. A dashboard will provide transparency into buyback operations for community monitoring.

South Korea’s Financial Services Commission plans to gradually open the crypto market to corporations, moving away from a ban on institutional trading. The phased approach will first allow government agencies, non-profit organizations, and exchanges to trade digital assets, with professional firms and publicly traded companies joining later. Tighter oversight and anti-money laundering measures will be…

US-based crypto miners are facing delays in receiving ASIC mining hardware from China’s Bitcoin due to increased scrutiny by US Customs and Border Protection. The delays are part of escalating trade tensions between the two countries, impacting the global market for specialized Bitcoin mining rigs. Bitmain has launched a domestic production line in the US…

President Trump’s administration is considering replacing a formal crypto council with informal summits involving industry leaders to discuss policy issues like banking, payments, data centers, and Bitcoin mining. The move aims to address internal divisions within the industry but has received mixed reactions, with some questioning Trump’s motivations.

The FBI’s Operation Level Up initiative has saved more than 4,300 potential victims from losing $285 million to crypto investment fraud since its launch. The program proactively identifies and intervenes with individuals being scammed, warning them before they lose their money. The FBI is collaborating with partners to shut down fraudulent platforms and prevent further…

Pi Network is set to launch its Open Network mainnet on Feb. 20, allowing users to transact beyond the Pi ecosystem. The platform has millions of KYC-verified users and aims to create a utility-driven ecosystem. Despite skepticism, OKX has announced plans to support the Pi token, with trading set to begin on Feb. 20.

The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are considering a joint approach to regulating digital assets by reviving the CFTC-SEC Joint Advisory Committee (JAC). This initiative aims to address regulatory concerns, identify emerging financial risks, and streamline oversight to foster economic growth and market integrity.