A prominent crypto exchange is expanding its stablecoin offerings today, October 14th. New pairs include AEVO-USDC, ATH-USDC, CATI-USDC, ETHFI-USDC, JUP-USDC, and ZETA-USDC. This move comes as the stablecoin sector faces increasing pressure due to the Federal Reserve’s recent interest rate cut. According to a CCData report, stablecoin providers like USDC, USDT, and TUSD may experience … Read more
Australian asset manager Monochrome has made a significant move in the crypto market with the launch of its new Ethereum ETF (IETH) on the Cboe exchange. This ETF offers a unique feature not seen in US ETFs: a tax-efficient structure. How does it work? Unlike traditional ETFs, Monochrome’s IETH allows investors to subscribe and redeem … Read more
A new regulatory body in South Korea, tentatively named the Virtual Assets Committee, is poised to launch this month, with Bitcoin ETF approval being a key focus. According to News1, the committee could hold its inaugural meeting as early as this month, operating under the Financial Services Commission (FSC), the country’s main financial regulator. Bitcoin … Read more
In the wake of the SEC’s decision to maintain its stance in the Bitnomial case—where the crypto derivatives exchange contested the classification of XRP futures as “security futures”—Ripple CEO Brad Garlinghouse has voiced his frustration. Garlinghouse took to Twitter to criticize the regulator for acting independently of the court’s ruling, which determined that XRP is … Read more
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision regarding Ether exchange-traded fund (ETF) options. According to a filing dated October 11, the SEC has pushed back the ruling on a proposal from the Cboe Exchange, which seeks to list options tied to several popular Ether ETFs. Originally scheduled for a … Read more
On October 11, U.S.-based spot Bitcoin exchange-traded funds (ETFs) recorded impressive net inflows totaling $253.6 million, marking a turnaround after three consecutive days of outflows. This surge coincided with a rally in Bitcoin prices, which reached a local high of $63,360 before settling at $62,530, according to CoinGecko data. Leading the Pack The Fidelity Wise … Read more
South Korea, once a bastion of crypto regulation, is showing signs of softening its stance on spot crypto ETFs. The recent formation of a new crypto committee within the Financial Services Commission (FSC) has sparked renewed discussions about lifting the existing ban on these financial products. A History of Restriction The country’s stringent regulations have … Read more
On October 10, 2024, Bitnomial Exchange LLC took a significant legal step by filing a complaint in the United States District Court for the Northern District of Illinois against the U.S. Securities and Exchange Commission (SEC). The complaint seeks declaratory and injunctive relief, centering on what Bitnomial describes as the SEC’s overreach in regulating its … Read more
Chainlink (LINK) has experienced modest gains in recent weeks, with a 1.35% increase for the month and a 0.69% rise over the past week, according to CoinMarketCap. Despite these slight improvements, LINK’s current price of $10.64 reflects a marginal 0.49% decline, indicating its struggle within the broader downtrend that has persisted since the last bull … Read more
OKX, a prominent cryptocurrency exchange, has officially launched its AED-denominated trading service in the United Arab Emirates (UAE) following full regulatory approval from the Virtual Assets Regulatory Authority (VARA). This marks a significant milestone as OKX becomes the first major exchange in the region to provide accessible AED services for both retail and institutional investors, … Read more