Bloomberg analyst James Seyffart has reported a record surge in institutional interest in digital assets, with an unprecedented 92 cryptocurrency ETP (Exchange-Traded Product) filings in the U.S. This marks the largest number of such filings to date and signals a potential major expansion of the crypto market. Most of these filings are structured as ETFs, … Read more
The crypto market is anticipating a significant influx of tokens in September, with over $4.5 billion worth of vested tokens scheduled to unlock, according to data from Tokenomist. This new supply will be released in two ways: Cliff unlocks: Roughly $1.17 billion will be released in large, one-time events. These can cause a sharp, immediate … Read more
A new special purpose acquisition company (SPAC), Bitcoin Infrastructure Acquisition Corp Ltd, is looking to raise $200 million by offering 20 million shares at $10 each on the Nasdaq under the ticker “BIXIU.” This move is part of a growing trend of crypto firms going public. Based in the Cayman Islands, the SPAC plans to … Read more
The Commodity Futures Trading Commission (CFTC) has issued new guidance clarifying how non-U.S. exchanges can register to directly serve American customers. Issued on August 28, the advisory from the CFTC’s Division of Market Oversight reaffirms a longstanding framework from the 1990s, which permits foreign exchanges to register as “foreign boards of trade” (FBOTs) to offer … Read more
Solana is set to release its first blockchain gaming console, the PSG1, which has a nostalgic design reminiscent of the classic Nintendo Game Boy. According to Play Solana’s announcement, the devices are now shipping. The PSG1 combines retro gaming with modern blockchain technology, allowing for an integrated gaming economy. It features a powerful Rockchip RK3588S … Read more
Swiss-regulated crypto bank AMINA and Nasdaq-listed wealth manager Metalpha Technology are teaming up to launch new crypto investment products for Hong Kong’s professional investors. Their first offering is the Principal Fund I, a crypto equity fund designed to give qualified clients secure and regulated exposure to the digital asset market. The partnership comes as institutional … Read more
While Bitcoin and Ethereum show modest gains, Solana (SOL) is the star of the market, surging 8% in the last 24 hours to trade above $209. This strong performance, set against a backdrop of increasing risk appetite in both crypto and traditional markets, has traders wondering if SOL can maintain its momentum. Solana: The Technicals … Read more
Bloomberg’s senior ETF analyst, Eric Balchunas, has clarified his position on a potential XRP exchange-traded fund. While he didn’t say there was “no demand” for XRP, he did note that the further a crypto is from Bitcoin, the less capital it’s likely to attract. However, signs of institutional interest are growing. Regulated XRP futures on … Read more
Venezuelans are increasingly turning to cryptocurrencies as a means of survival against hyperinflation and a devaluing currency. From local shops to large retail chains, digital assets like USDT are now accepted for payments. This widespread adoption has propelled Venezuela to 13th globally in crypto adoption, according to a Chainalysis report, with a 110% increase in … Read more
Webull, the trading platform, has re-launched its cryptocurrency services in both the United States and Australia. In a partnership with Coinbase Prime, Webull Australia now offers trading for 240 cryptocurrencies. This move comes after Webull previously exited the U.S. crypto market in 2023. According to Webull CEO Anthony Denier, the return is a response to … Read more