Vaibhavv Ali
South Korea’s Financial Services Commission (FSC) has published a new set of guidelines for crypto lending services on centralized exchanges. The rules are designed to enhance user protection by setting clear standards for the industry. The new regulations include several key provisions: Leverage is restricted: The guidelines prohibit lending services that allow a user to … Read more
Thumzup Media Corporation, a company linked to the Trump family, is pivoting its business strategy to focus on Dogecoin mining. The company, which trades on the NYSE American exchange, has filed for the acquisition of a Dogecoin mining operation, including 3,500 mining rigs. This new venture will see the combined company renamed to Dogehash Technologies … Read more
Bithumb, South Korea’s second-largest cryptocurrency exchange, has officially listed Euler’s governance token, EUL, on its spot trading platform. The listing, which allows for trading against the Korean Won (KRW), has triggered a significant rally for the token. Following the announcement, EUL’s price soared by nearly 44%, from $9.60 to $13.80, before stabilizing at around $12.70, … Read more
Publicly traded companies now collectively hold over 1 million BTC, a significant milestone that highlights the growing adoption of Bitcoin in corporate finance. According to data from BTC Treasuries, these holdings are valued at approximately $110 billion. The majority of this corporate-owned Bitcoin is held by Strategy (MSTR), which controls over 636,505 BTC, representing more … Read more
Mega Matrix Inc. (MPU), a publicly traded holding company, has filed a $2 billion shelf registration with the SEC to establish a corporate treasury centered on ENA, the governance token of the Ethena protocol. This move aims to be the first of its kind for a publicly traded company. MPU’s strategy is to earn yield … Read more
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to approve the 21Shares Spot SUI ETF. According to a recent filing, the SEC is extending its review period and will now accept public comments on the proposed rule change, which would allow the ETF to be listed on Nasdaq. The final … Read more
A new wave of real-world asset (RWA) tokenization could be on the horizon, with Pokémon trading cards as the next major asset class to move onto the blockchain. According to Bitwise research analyst Danny Nelson, this could bring the massive $21.4 billion market to the blockchain, creating a “sticky” innovation that breaks into the mainstream. … Read more
The design software company Figma has revealed that it holds $91 million in Bitcoin, but its leadership is quick to clarify that this is a cautious, diversified investment rather than a major shift in strategy. During its second-quarter earnings call, CFO Praveer Melwani stated that the company’s Bitcoin position is held in an exchange-traded fund … Read more
Maple Finance, an asset management firm, has seen its yield-bearing stablecoin, SyrupUSDC, surpass a $1 billion market capitalization. This milestone, reached on Wednesday, September 3, reflects a significant increase in demand for institutional-grade yield within the decentralized finance (DeFi) space. According to Maple’s CEO, Sidney Powell, the surge in SyrupUSDC’s supply signals that institutional investors … Read more
A Dogecoin ETF could be the next major crypto fund to hit the market, according to a Thursday post by Bloomberg analyst Eric Balchunas. The ETF issuer REX Shares has filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC) for a Dogecoin ETF, suggesting a potential launch under the Investment Company Act … Read more