Cryptocurrency exchange Gemini, founded by the Winklevoss twins, is expanding its presence in Europe with new offerings for users in the European Economic Area (EEA). The exchange has launched staking services for Ether (ETH) and Solana (SOL) and is now offering perpetual contracts that are denominated in USDC. This expansion follows Gemini’s recent regulatory approvals … Read more
Kraken, a major cryptocurrency exchange, has completed its acquisition of Breakout, a proprietary trading firm. This strategic move, which became effective on September 1, is designed to expand Kraken’s offerings for advanced market participants by providing them with institutional-scale capital based on their performance. Breakout’s model allows skilled crypto traders to access up to $200,000 … 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
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 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
The Russian Finance Ministry is looking to make cryptocurrency trading more accessible for average citizens by reducing the strict income and wealth requirements that currently limit who can participate. The proposal, announced by Financial Policy Director Alexey Yakovlev, seeks to lower the high financial bar for being an “especially qualified” investor. Currently, individuals need to … Read more
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
Shares of American Bitcoin (ABTC), a cryptocurrency mining company co-founded by Eric Trump and Donald Trump, Jr., experienced extreme volatility on Wednesday, its first day of trading following a merger with Gryphon Digital Mining. The Nasdaq stock exchange halted trading of the shares five times as the price surged by nearly 85% to a high … 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