crypto

Polymarket mulls own stablecoin for efficient use of USDC reserves

Polymarket mulls own stablecoin for efficient use of USDC reserves

Crypto prediction market Polymarket is considering launching its own stablecoin to gain control over the interest-bearing reserves currently backing USDC deposits on its platform, CoinDesk reported, citing sources familiar with the matter. The deliberations reflect a broader industry trend as platforms seek to internalize stablecoin-related revenue, particularly in closed ecosystems. The source told the news […]

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Public companies now hold .2B worth of Ethereum, swelling past 865,000 ETH

Public companies now hold $3.2B worth of Ethereum, swelling past 865,000 ETH

Out of the 58 entities holding Ethereum (ETH) in their treasuries, the 10 public-listed companies have roughly $3.2 billion, equivalent to 865,265 ETH. According to Strategic ETH Reserve data, four publicly listed companies recently added 113,300 ETH to their holdings. Furthermore, the number of entities jumped from 40 in June to 58 as of July

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In-kind redemption for Bitcoin and Ethereum ETFs get ‘positive sign’ as Cboe’s files amendments

In-kind redemption for Bitcoin and Ethereum ETFs get ‘positive sign’ as Cboe’s files amendments

Cboe has submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind, which is a positive sign for the approval of such funds. Bloomberg ETF analyst James Seyffart shared on July 22 a screenshot of the exchanges’ docket showing the amended rule filings. The amendments relate

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Solana’s break above 0 signals institutional appetite, potential to lead next capital wave on altcoins

Solana’s break above $200 signals institutional appetite, potential to lead next capital wave on altcoins

Solana’s (SOL) recent climb back above $200 is a sign that the altcoin pivoted from a “meme-driven ecosystem” to a “high-beta, blue-chip alternative” that is attracting institutional attention. According to MEXC Research chief analyst Shawn Young, the over 34% increase in July to the $202.52 price, as of press time, marks a shift in how

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Citadel urges SEC caution on tokenized securities initiative

Citadel urges SEC caution on tokenized securities initiative

Citadel Securities has urged the U.S. Securities and Exchange Commission to proceed cautiously with any initiatives that would accelerate the adoption of tokenized securities, warning that a hasty approach could disrupt existing capital markets and marginalize institutional investors. The market-making giant submitted its recommendations in a formal letter to the SEC’s Crypto Task Force, arguing

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SEC Chair Paul Atkins Drops Bullish Bitcoin And Crypto Bombshell

SEC Chair Paul Atkins Drops Bullish Bitcoin And Crypto Bombshell

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The U.S. SEC Chair, Paul Atkins, recently discussed Bitcoin and crypto in general while making some bullish statements for the industry. He again affirmed his commitment to providing a regulatory-friendly environment for the industry.  Paul Atkins Talks Bullish on Bitcoin and Other

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XRP to hit  in 2025? Analysts weigh the possibility

XRP to hit $10 in 2025? Analysts weigh the possibility

XRP trades above $3.50 amid rising institutional interest and bullish sentiment. Ripple’s SEC settlement boosts confidence and opens doors to regulated financial products. Whale accumulation and strong technical signals point to a potential long-term breakout. Momentum around XRP is picking up fast, and a growing number of analysts believe the token could be on track

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PNC taps Coinbase to bring crypto trading into client accounts

PNC taps Coinbase to bring crypto trading into client accounts

PNC Financial Services Group has formed a partnership with Coinbase to let the bank’s customers access crypto services, as Bloomberg News reported on July 22. According to PNC’s head of treasury management Emma Loftus, the arrangement is in its early phase. It will begin by allowing wealth and asset management clients to trade cryptocurrencies directly

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5K Bitcoin Incoming? Polymarket Crowd Thinks It’s Likely

$125K Bitcoin Incoming? Polymarket Crowd Thinks It’s Likely

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Traders on a decentralized platform are putting real money on Bitcoin’s path this month. According to a new Polymarket poll, 36% of bettors believe Bitcoin will top $125,000 by July 31. Only 11% think it will clear $130,000, while just 3% and

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FBI drops probe into Kraken founder Jesse Powell, returns seized devices

FBI drops probe into Kraken founder Jesse Powell, returns seized devices

The US Justice Department has closed its investigation into Kraken’s founder Jesse Powell, and returned dozens of laptops and mobile phones agents seized during an FBI raid two years ago, Fortune reported on July 22. The federal case did not revolve around Kraken’s operations, but rather a bitter governance fight at the Verge Center for

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