Hex Trust says it has received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution License. This has been a multi-year process for the custodian, but will be well worth it as regulation is the future, its CEO Alessio Quaglini said in an interview. Crypto custodian Hex Trust announced on Wednesday
Nine ETFs that hold ETH directly began trading on US exchanges Tuesday, marking another crypto investing milestone just half a year after the country’s debut of spot BTC funds. Investors can choose between ETH products by BlackRock, Fidelity, Grayscale, VanEck, Bitwise, 21Shares and Franklin Templeton, as well as one by Invesco and Galaxy Digital. Each
Investors traded over $1 billion worth of shares of the freshly launched ether exchange-traded fund (ETF) issuers on the first day of their availability, data from Bloomberg shows. Trading volume simply represents the dollar amount of shares exchanged and doesn’t give any insights into whether these trades signal inflows or outflows. It is also unclear
Ethena shared plans to allocate a part of its $235 million USDT stablecoin collateral and $45 million surplus reserve in yield-generating real-world asset (RWA) offerings. BlackRock’s BUIDL fund pitched for a $34 million allocation, while Steakhouse Financial applied with a lending vault on Morpho Blue. 00:59 SEC’s Gensler Was ‘Consistent’ Despite Being ‘Fried Like a
Crypto exchange Coinbase filed a motion to compel the Securities and Exchange Commission to produce internal communications on its discussions about crypto, including the messages of Chair Gary Gensler. The company backed off from a more aggressive earlier effort to seek Gensler’s communications, having demanded documents from before he started work at the agency. Coinbase
According to a recent report from the Europol Internet Organized Crime Threat Assessment, Bitcoin remains the most commonly exploited cryptocurrency by criminals. The report noted that Bitcoin is often converted to stablecoins like Tether (USDT) for stability and is still frequently encountered in cybercrime and fraud. The Tron blockchain’s lower transaction fees have made it
Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, has announced it raised $11 million in funding to build its latest blockchain project. Peter Thiel’s Founders Fund led the fundraising round, which Igloo says will fund a new Ethereum (ETH) based consumer Layer 2 solution to bolster crypto adoption. Igloo eyes consumer-focused blockchain The
Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16. Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news was confirmed on Reddit via a subreddit called “mtgoxinsolvency.” Several users believed
DeFi exchange, dydX, is negotiating the sale of a portion of its derivatives trading software for an undisclosed amount. The sale would be for the exchange’s v3 software, a previous iteration of the dYdX platform. It has attracted traders due to its high liquidity and low slippage rates for large transactions. Potential buyers of dYdX
Binance Labs has invested in Pluto Studio, the GameFi publishing platform that launched the Telegram-based gaming bot Catizen. In an announcement on Tuesday, Binance Labs said it led the investment in Pluto Studio. The startup will use the investment to fund growth initiatives across its platform. Pluto Studio to use funding to boost Catizen growth