Category: crypto

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…

Representative Cody Maynard introduced House Bill 1203 in Oklahoma to establish a Bitcoin Strategic Reserve of up to $850 million, making it the sixth US state to propose such legislation. Investments in Bitcoin and stablecoins would be capped at 10% of certain state funds, with custody and staking requirements. Eight states are currently pushing for…

The US Department of Justice fined BitMEX and its parent company $100 million for violating the Bank Secrecy Act. Despite pleading guilty in July 2024, the DOJ initially sought higher penalties. BitMEX has since improved its compliance standards but remains restricted in the US. The platform aims to focus on innovation and security.

Tether, a leading stablecoin issuer, has filed a lawsuit against Swan Bitcoin in the High Court of England and Wales due to significant breaches in their agreements. Swan Bitcoin ended their partnership abruptly, leading to legal action to protect Tether’s investment. The lawsuit highlights the strained relationship between the two companies.

Thailand is considering approving Bitcoin exchange-traded funds (ETFs) to adapt to the global rise in crypto adoption, with the SEC emphasizing the need for diverse investment options. Meanwhile, authorities are recommending banning Polymarket due to concerns about illegal gambling activities and potential risks to the economy.