Category: crypto

Tether refuted JPMorgan analysts’ claims about its Bitcoin reserves and compliance with US stablecoin regulations. Tether confirmed it is monitoring developments and engaging with regulators. JPMorgan analysts suggested Tether may need to liquidate assets to comply with new laws. Tether dismissed concerns, stating it holds excess assets and is financially strong.

In the article by Jesse Knutson, Head of Operations at Bitfinex Securities, it discusses the importance of access to the U.S. dollar for individuals and businesses in emerging economies. It highlights how stablecoins have provided a more efficient and accessible way to obtain the dollar compared to traditional banking institutions or the black market. The…

The Cboe BZX Exchange has requested approval from the SEC to enable staking for the 21Shares Core Ethereum ETF, allowing investors to earn staking rewards. Despite regulatory hurdles, the proposal aims to enhance investor returns, track Ethereum’s performance, and optimize fund processes. Approval could set a precedent for other crypto ETFs.

Japanese Bitcoin investment firm Metaplanet has raised $26 million through the issuance of zero-interest, unsecured bonds. The company plans to strengthen its Bitcoin reserves and transition to a Bitcoin-focused treasury model to hedge against economic instability. It aims to accumulate 10,000 BTC by 2025 and join the MSCI Japan Index in February 2025.

JPMorgan reported $1 million in crypto exposure through ETFs in its recent 13F form, a significant increase from the previous quarter. The majority of this exposure is in Bitcoin, with some holdings in Bitwise and Franklin Templeton. JPMorgan reduced exposure to Grayscale BTC products but maintained its ETH exposure.

CME Group reported record-breaking crypto trading volumes in Q4 2024, with an average daily volume of $10 billion in crypto futures and options. The momentum has continued into 2025, with January setting a new monthly record. CME plans to introduce options on micro Bitcoin futures. The surge in crypto derivatives trading reflects growing market confidence.

Franklin Templeton announced the launch of its tokenized money fund, FOBXX, on Solana. The fund invests in US government securities and offers a 4.55% APY. FOBXX has a market cap of nearly $594 million and 544 holders. The tokenized money fund sector grew by 415% in 2024, reaching a market cap of $3.6 billion.

Robinhood reported a 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion. Total transaction-based revenue doubled year-over-year to $672 million, with crypto trading revenue skyrocketing 700% to $358 million. The company’s total fourth-quarter revenue was $1.01 billion. CEO Vlad Tenev advocated for clearer regulatory guidelines in the US for crypto adoption…

Retail investor demand for Bitcoin has rebounded following a low in January. The increase in small transactions indicates that retail investors are once again showing interest in the cryptocurrency after a two-month decline.

SBC Medical Group Holdings plans to purchase 1 billion yen ($6.7 million) worth of Bitcoin as part of a long-term strategy for asset diversification and inflation hedging. The Japan-based medical services provider believes Bitcoin is a store of value with long-term potential. The purchase will be executed through Coinbase.