REX-Osprey has changed the structure of its Solana-linked exchange-traded fund to better suit U.S. investors. The fund, which was previously a C-Corporation, is now classified as a regulated investment company (RIC), a change that took effect on September 1. This new structure eliminates the issue of “double taxation”. Now, any income or gains from the … Read more
According to Bloomberg Intelligence analyst James Seyffart, the U.S. Securities and Exchange Commission (SEC) is currently reviewing a record 92 applications for crypto-based Exchange-Traded Funds (ETFs). Many of these filings, particularly for Solana and XRP, are facing deadlines in October. Solana and XRP are the most popular altcoin ETFs, with eight and seven applications respectively. … Read more
New data from analytics firm Alphractal suggests that Chainlink (LINK) is in a critical accumulation phase. The token’s realized price—the average cost at which all circulating tokens were last moved—is around $15, which analysts see as a strong support level for long-term investors. Large investors, including wallets holding between 100,000 and 1 million LINK and … Read more
BitMine Immersion Tech has solidified its position as the largest corporate holder of Ethereum (ETH) with a recent acquisition of 14,665 ETH worth $64.7 million. The purchase was executed through Galaxy Digital and brings the company’s total ETH holdings to over 1.75 million, valued at approximately $7.7 billion. This puts BitMine well on its way … Read more
Ukraine is taking a significant step to formalize its digital asset sector by advancing a new bill that would give cryptocurrencies legal status and establish a tax framework. The proposed legislation would tax crypto gains at an 18% income tax rate, with an additional 5% tax dedicated to military support. To ease the transition, a … Read more
US Bank, the fifth-largest bank in the US, has restarted its cryptocurrency custody operations after a four-year break. The bank is now offering custody services for Bitcoin and Bitcoin ETFs, specifically targeting institutional investment managers. The bank had originally entered the crypto custody space in 2021 but paused the service in 2022 due to regulatory … Read more
Spot Bitcoin exchange-traded funds (ETFs) saw a significant increase in investor interest on Tuesday, with net inflows of $332.7 million, according to data from SoSoValue. This marks a notable shift, as Bitcoin ETFs had faced a challenging August, recording $751 million in net outflows over the month. Leading the way for Bitcoin ETFs were: Fidelity’s … Read more
India is set to adopt the OECD’s Crypto-Asset Reporting Framework (CARF), a major step that will enable the automatic sharing of crypto transaction data with other countries. The new rules are expected to take effect in April 2027. This move, which follows similar plans by South Korea, is aimed at increasing regulatory transparency and cracking … Read more
Today’s news highlights the increasing impact of Asian players on the global cryptocurrency landscape, from new consumer infrastructure in Japan to Chinese capital networks supporting a major US political figure’s crypto venture. Japan’s Regulated Crypto ATM Network Japan has taken a significant step toward making digital assets more accessible with the launch of COINHUB, the … Read more
Following a period of stability around the $3 mark, the crypto community is buzzing with bold price predictions for XRP, with some experts suggesting it could climb as high as $50, $75, or even $100. According to expert Paul Barron, this “moonshot” scenario is contingent on several key factors: The continued approval of spot crypto … Read more