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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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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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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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Dogecoin eyes smart contract era with Ethereum interoperability

Dogecoin eyes smart contract era with Ethereum interoperability

DogeOS, a Dogecoin-based application layer, has submitted a proposal to enhance the blockchain network with native zero-knowledge proof (ZKP) verification, according to a July 22 statement shared with CryptoSlate. The proposed upgrade, dubbed OP_CHECKZKP, aims to unlock new functionality by enabling smart contract interoperability with Ethereum. DogeOS is currently building its own Ethereum-compatible zkVM, which

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Staked Ethereum withdrawals face longest delay in over a year

Staked Ethereum withdrawals face longest delay in over a year

Ethereum validators are experiencing the longest wait times in over a year to withdraw their staked ETH, as growing demand for staking collides with the network’s built-in exit limitations. According to data from ValidatorQueue.com, validators seeking to exit the Ethereum network must now wait approximately 8 days and 6 hours to complete the process, marking

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GENIUS Act makes immediate impact as JP Morgan looks to allow crypto as collateral for lending

GENIUS Act makes immediate impact as JP Morgan looks to allow crypto as collateral for lending

JPMorgan Chase is reportedly preparing to offer loans backed by client-held digital assets, including Bitcoin and Ethereum, marking a direct engagement with crypto collateralization by a global systemically important bank for the first time. The plan, reported by the Financial Times and Reuters, would expand an existing effort by the bank to accept spot Bitcoin

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Altcoins benefit from capital rotation as Bitcoin dominance slides amid consolidation

Altcoins benefit from capital rotation as Bitcoin dominance slides amid consolidation

Altcoins advanced sharply last week while Bitcoin (BTC) held near record levels, shifting market leadership toward higher-beta tokens, according to the latest edition of the “Bitfinex Alpha” report.  Bitcoin reached an all-time high of $123,054, a 65% climb from its April low, before entering a sideways range between $116,000 and $120,000. As the flagship crypto

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