Category: crypto

Trump-appointed SEC and CFTC chiefs are working together to present a unified pro-innovation crypto agenda at a D.C. event. They aim to end regulatory conflicts and create clear rules for digital assets. With Bitcoin, Ethereum, and Solana trading steadily, traders await policy details. The event signals a shift towards cohesive regulation.

Silver and gold have reached record highs due to a historic short squeeze, a weak dollar, and hopes of Fed rate cuts. Bitcoin and Ethereum are lagging behind but could catch up as higher-beta, liquidity-sensitive hedges if macro stress and easing continue. TradingEconomics notes that silver has surged to $99 per ounce due to a…

Trump filed a $5 billion lawsuit in Florida against JPMorgan and Jamie Dimon, alleging politically motivated account closures in 2021. JPMorgan denies these claims, stating closures are based on legal and regulatory risks. The case highlights concerns over debanking and opaque de-risking rules impacting high-risk sectors like cryptocurrency.

Paris-based Ledger is considering a U.S. IPO that could value the hardware wallet maker at over $4 billion. The demand for cold storage due to theft, Trump’s support for crypto, and a growing IPO trend in the crypto industry are pushing more firms towards Wall Street listings. Ledger is working with Goldman Sachs, Jefferies, and…

South Korean prosecutors are investigating the disappearance of around $48 million in seized Bitcoin due to a suspected phishing attack. Approximately 70 billion won in Bitcoin was found missing during an audit of confiscated assets. The case highlights custody risks faced by law enforcement agencies worldwide that hold large amounts of seized cryptocurrency.

Senate Republicans are moving forward with their crypto market structure bill after talks with Democrats failed. The bill closely mirrors the House’s bipartisan Clarity Act, protecting noncustodial developers and classifying meme coins as digital commodities. The Senate Agriculture Committee will vote on the bill next Tuesday, potentially passing on party lines.

Bitwise has launched an actively managed ETF, the Bitwise Proficio Currency Debasement ETF, that combines Bitcoin with gold and other hard assets to hedge against currency debasement. The fund dynamically adjusts exposure to assets expected to maintain value as fiat currencies weaken. It saw steady early activity and aims to provide capital appreciation for investors.

Ondo Finance has launched tokenized exposure to BitGo stock on the day of its IPO, offering on-chain access through Ondo Global Markets. The move expands access to a newly listed U.S. stock on multiple blockchains. BitGo went public with a valuation of over $2.08 billion, with strong investor demand reflecting the growing interest in crypto…

Binance is offering a $40 million WLFI airdrop campaign for users holding USD1 on the exchange. The rewards will be distributed weekly over four weeks based on balances in Spot, Margin, and Futures accounts. Users must meet eligibility requirements to participate in the program, with rewards calculated based on net USD1 balances.

Kingsport City Board of Mayor and Aldermen has approved zoning changes to allow cryptocurrency mining companies and data centers to operate under specific noise and location standards. This comes amid backlash against mining operations in other US states. The ordinance requires a second vote before becoming law, with an emphasis on noise regulation due to…