Digital assets investment firm Canary Capital Group said Monday that it filed for regulatory approval to launch an exchange-traded fund (ETF) tied to the spot price of Sui, a token associated with Sui Network. If approved, this would mark the first-ever ETF linked to Sui, a blockchain-based asset with a market capitalization exceeding $7.4 billion, […]
Canary Capital Group Seeks Approval for Sui-Based ETF Read More »
The U.S. Securities and Exchange Commission (SEC) may revise or abandon former chair Gary Gensler’s controversial proposal that would tighten crypto custody standards for investment advisers. Under Gensler’s two-year-old proposal, the SEC sought to expand federal custody rules to include assets like crypto, requiring investment advisers to hold client assets with qualified custodians, such as
SEC’s Uyeda Signals Possible Revisions to Crypto Custody Rule Read More »
Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs,
According to data provided by cryptocurrency analytics platform CoinGlass, a massive Bitcoin whale has increased his short position to an eye-popping $515 million on the Hyperliquid platform. In fact, this is now believed to be the largest Bitcoin short ever. As reported by U.Today, the whale opened a short position of $332 million with a 40x
Massive Bitcoin Whale Ups the Ante Read More »
Ethena Labs and Securitize have announced Converge, a new Ethereum-compatible blockchain that will use stablecoins instead of native crypto assets for transaction fees. The new chain seeks to become the “first purpose-built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA,” Ethena claimed Monday. Converge will help
Ethereum-Combatible Chain Converge Aims to Rethink Crypto Economics for Wall Street Read More »
Crypto exchange Gemini has appointed Dan Chen as its new Chief Financial Officer (CFO), amid speculation that the company is preparing for a potential initial public offering (IPO). Chen announced his new role on Monday in a post on X, calling crypto the most dynamic sector in finance. “Gemini is at the forefront of this
Crypto Exchange Gemini Appoints New CFO as it Prepares for Potential IPO Read More »
Chainlink is a decentralized oracle network that connects blockchain smart contracts with real-world data, enabling applications in decentralized finance (DeFi), gaming, and enterprise solutions through its native token, LINK. Understanding Chainlink: How Its Oracle Network and LINK Token Work Blockchain technology revolutionized digital agreements through smart contracts—self-executing code that automates processes without intermediaries. However, a
What Is Chainlink? Exploring the Oracle Network and Its LINK Token Read More »
Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst. “This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets
Bitcoin’s recent $12B open interest wipeout was essential, says analyst Read More »
The crypto market has been bleeding for weeks, which is evident in the outflows recorded by Bitcoin and Ethereum exchange-traded funds (ETFs) and products. Last week alone, the financial vehicles tracking both assets saw outflows exceeding $1.2 billion across several countries, including the United States, Switzerland, and Canada. Withdrawals from other digital asset products brought
What Happened to Bitcoin and Ethereum Funds Last Week Read More »
The team behind blockchain network Solana has deleted a controversial advertisement posted on its X account after immense backlash over political messaging around gender identity. The more than two-and-a-half-minute ad for the Solana Accelerate conference posted on March 17 with the caption “America is back. Time to Accelerate” depicted a man as “America” in a
Solana deletes ‘cringe’ ad criticized for being ‘tone deaf’ on gender issues Read More »
