Reserve Bank of India (RBI) Governor Sanjay Malhotra has clearly stated the central bank’s focus is on promoting India’s Central Bank Digital Currency (CBDC) over private cryptocurrencies. This stance aligns with the government’s digital currency strategy and signals continued regulatory challenges for private cryptos in the country. CBDC Dominance and Growth Governor Malhotra affirmed, “India … Read more
The Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval to Erebor Bank, a new national bank backed by tech heavyweights including Peter Thiel, Palmer Luckey, and Joe Lonsdale. This decision marks the first new national charter approved under Comptroller Jonathan Gould and signals a subtle but significant shift in U.S. … Read more
Australia’s Home Affairs Minister, Tony Burke, has announced a major regulatory move to crack down on crypto ATMs, labeling them a “high-risk product” associated with money laundering, scams, and child exploitation. This is part of a broader package of new powers aimed at combating financial crime. Rapid Growth and Crime Concerns Burke highlighted the rapid … Read more
Cardano’s native token, ADA, is struggling, having lost nearly a third of its value since late summer, pushing its market outlook into a definitive bearish phase. Technical and Market Breakdowns Chart analysts point to a collapse of the coin’s multi-month trendline and the formation of lower highs, which are classic signs of a prolonged selloff. … Read more
Following a massive liquidation event over the weekend that wiped out over $500 billion in crypto market value, U.S. spot Bitcoin and Ethereum ETFs saw a significant $340 million net inflow on Tuesday. This surge marks a strong recovery from the $755 million combined outflow recorded the day prior. ETF Flow Breakdown: Spot Ethereum ETFs … Read more
The American firm Volatility Shares has submitted a bold filing to the U.S. Securities and Exchange Commission (SEC) for 27 new leveraged ETFs, targeting both major equities and cryptocurrencies. The filing, dated October 14, proposes highly magnified daily performance exposure (via futures, swaps, and options) with leverage levels of both 3x and 5x. Key Proposed … Read more
VanEck has submitted its fifth amendment to the U.S. Securities and Exchange Commission (SEC) for a spot Solana ETF, revealing critical operational details for the proposed fund. The updated filing outlines a highly competitive 0.30% management fee and introduces a unique staking component, which would make it the first regulated U.S.-listed digital asset ETF to … Read more
Taiwanese stablecoin infrastructure company OwlTing is set to make its debut on the Nasdaq Global Market on Thursday, October 16, under the ticker symbol OWLS. This move marks it as one of the first Asian blockchain firms to list directly on a major U.S. exchange. OwlTing stated that the Nasdaq Global Market was chosen for … Read more
Bitcoin is at a crossroads, according to a recent analysis of market moves and trader sentiment. While the cryptocurrency experienced a sharp drop from around $121,000 to $102,000 following news of new US tariffs on Chinese goods—a crash that led to over $19 billion in liquidations—it has since rebounded to approximately $112,400. Veteran trader Peter … Read more
A new legislative effort has been launched in the U.S. House of Representatives to make President Donald Trump’s recent Executive Order 14330 a permanent law. The order, issued on August 7, mandates that all Americans saving for retirement should be eligible for 401(k) funds that include alternative assets, such as cryptocurrencies, when deemed appropriate by … Read more