Category: crypto

Bitwise Asset Management plans to convert the Bitwise 10 Crypto Index Fund into an exchange-traded fund (ETF), making it the first crypto index fund to achieve ETF status. Despite trading at a discount, the fund offers a diversified portfolio of major cryptocurrencies. The conversion aims to provide investors with more efficient and regulated investment options…

Attorney Generals of 18 US states, led by Kentucky, Texas, Florida, and Nebraska, have filed a joint lawsuit against the SEC and Chair Gary Gensler, accusing the agency of overstepping its authority in regulating the crypto industry. They argue that state-led initiatives have fostered innovation and consumer protection, and seek to curb what they describe…

Former TD Ameritrade CEO Joe Moglia believes Bitcoin is set for significant growth and is becoming a vital asset in global finance. He credits this to pro-business policies under President Trump, which have encouraged institutional investment in digital assets. Wall Street’s shift towards Bitcoin indicates its long-term viability in mainstream finance.

VanEck’s head of digital assets research predicts Bitcoin could reach $180,000 within the next year due to increasing institutional interest and supportive government policies. He believes Bitcoin’s recent surge is just the beginning of a larger bull market, with institutional demand expected to fuel further price increases.

Bitcoin’s market cap is growing due to steady capital inflow during a rally on electoral optimism. However, the divergence between market cap and realized cap suggests potential overextension and euphoria in the market.

Tether launched Hadron, a tokenization platform for institutions, corporations, fund managers, and governments. It allows clients to tokenize assets like stocks, bonds, stablecoins, and loyalty points. Hadron offers seamless asset issuance and management with regulatory and security frameworks. It aims to make asset tokenization easier, secure, and scalable.

US-traded spot Bitcoin ETFs collectively hold 1.07 million BTC worth nearly $96 billion. BlackRock’s iShares Bitcoin Trust has surpassed $40 billion in assets in 211 days, faster than previous record holders. ETFs have seen $2.4 billion in inflows this week. Vanguard may start offering spot Bitcoin and Ethereum ETFs next year.

World Liberty Financial (WLFI), a DeFi project endorsed by US President-elect Donald Trump, has partnered with Chainlink to boost DeFi adoption. Chainlink will provide on-chain data and cross-chain connectivity for WLFI’s launch on the Ethereum mainnet. Despite challenges meeting funding targets, WLFI aims to become a hub for lending, borrowing, and investing in digital assets.

DecideAI integrates DecideID, its biometric identity verification solution, into the Solana blockchain, introducing Proof-of-Personhood capabilities to enhance security. This move aims to prevent fraudulent activities and ensure fair token distributions. The integration, facilitated by Internet Computer’s Chain Fusion technology, is expected to be fully launched before the end of the year.

Pennsylvania’s legislature has introduced groundbreaking legislation to establish a Bitcoin reserve, making the state a leader in digital asset policy in the US. The bill, led by Representative Mike Cabell, aims to allocate a portion of the state’s reserves to Bitcoin as a hedge against inflation. The initiative has gained traction in the House and…