Category: crypto

Switzerland’s state-owned financial giant, PostFinance AG, has launched an Ethereum staking service, allowing users to earn rewards and strengthen blockchain security. Customers can stake as little as 0.1 ETH with a 12-week lock-up period. The bank plans to expand the service to include more cryptocurrencies in the future, showcasing its commitment to blockchain adoption. This…

The potential approval of a Litecoin exchange-traded fund (ETF) has led to price gains for the digital asset. Polymarket bettors estimate a 51% chance of approval by the SEC after Canary Capital amended its S-1 filing. Analysts see this as a positive sign, with Litecoin potentially becoming the next approved coin for an ETF.

A national government is considering reallocating some of its bond investments into Bitcoin as a hedge against economic instability. Bitwise CEO revealed that they provided information on Bitcoin ETFs to the government. This move reflects a global trend of governments exploring Bitcoin adoption to gain a competitive edge economically and politically.

President-elect Donald Trump is considering including US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve. This aligns with his campaign promise to establish a Bitcoin reserve and support US innovation. However, some insiders caution that this move could weaken Bitcoin’s position in US policy.

VanEck has submitted an application for an Onchain Economy ETF that aims to provide exposure to the broader crypto ecosystem through investments in companies connected to digital assets. The fund will not directly invest in cryptocurrencies but focus on Digital Transformation Companies and digital asset instruments. The ETF will be actively managed and exclude stablecoins…

The SEC has filed an opening brief to challenge a court decision favoring Ripple, arguing that XRP sales to retail buyers should be considered unregistered securities transactions. Ripple’s Chief Legal Officer dismissed the appeal as repeating failed arguments. Ripple CEO expressed frustration with the SEC’s actions, anticipating a new era of regulation.

Bitcoin’s recent market correction from its all-time high of over $108,000 is seen as a cooling phase with low investor stress, indicating the bull market is still strong. Glassnode’s report shows a decrease in BTC held at an unrealized loss, suggesting a less distressed market environment. The MVRV ratio and other metrics point to a…

Over 74,000 positions were liquidated after a small market recovery, showing high leverage. Short positions suffered the most as the market rebound caused a chain reaction of liquidations.

As President-elect Donald Trump prepares to take office, the US Securities and Exchange Commission (SEC) may halt enforcement actions against crypto firms. Commissioners Peirce and Uyeda are considering revising policies to clarify when crypto qualifies as a security. Trump’s pick for SEC chair, Paul Atkins, is expected to support less restrictive crypto policies. The potential…

The US government ordered the return of 94,000 Bitcoin seized in the 2016 Bitfinex hack to the exchange as restitution. The ruling stated Bitfinex as the sole victim, resulting in the return of all assets seized. Two individuals involved in laundering the stolen crypto were sentenced, and the exchange received funds from the US Department…