SEC Hits Pause on Bitwise ETF Conversion The U.S. Securities and Exchange Commission (SEC) has again put the brakes on the crypto market’s ETF hopes. This time by putting on hold a decisive decision on Bitwise’s planned transformation of its flagship index fund into an exchange-traded fund (ETF). This action
Stuart Alderoty, Ripple’s Chief Legal Officer, formally requested the SEC for a clear-cut mention regarding the classification of cryptocurrencies particularly which are traded on secondary markets. In Alderoty’s opinion, not having rules in place stifles innovation and places U.S.-based blockchain companies are at a disadvantage in the worldwide market. The
Grayscale, one of the biggest names in crypto asset management, just rolled out a new Artificial Intelligence Crypto Sector as part of its broader Crypto Sectors lineup in its official X page. The move taps into the fast-growing buzz around AI in Web3 and shows Grayscale’s push to make sense
The Securities and Exchange Commission of the United States has officially started to review the WisdomTree XRP Trust, an offered spot exchange-traded fund (ETF) that allows investors to have exposure to XRP. Cboe BZX Exchange filed the application, which marks the first official SEC review of a U.S.-based spot XRP
Nasdaq has filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares Spot Sui ETF, formally triggering the regulatory review process. The move follows 21Shares’ prior S-1 registration submitted on April 30, with both filings necessary before trading can begin. If approved, the ETF would
India’s cryptocurrency sector is actively advocating for tax changes as officials in New Delhi engage with the industry. The change in policy follows a renewed pro-crypto position from the United States after Donald Trump’s return to the White House. According to a report by Financial Times, since 2022, India has
Michael Saylor is one of the top personalities when it comes to crypto. His relentless Bitcoin investments through the Strategy are something the crypto community admires and adopts. The Bitcoin maxi sparked a debate earlier today by saying that publishing Proof-of-Reserves is a bad idea for companies. Bitcoin proponent and
ThroughIn a partnership, Tom Brady is making a calculated return to the cryptocurrency world through Catena Labs. This Boston-based startup seeks to redefine finance through AI, independently managing transactions. This comes after the NFL star was publicly blamed for endorsing the fallen FTX crypto exchange. AI-Driven Finance’s Foremost Innovator: Catena
As institutional demand for XRP continues to rise, expectations for a U.S.-approved XRP exchange-traded fund (ETF) have climbed significantly. According to decentralized prediction platform Polymarket, the odds of a spot XRP ETF receiving regulatory approval now stand at 83%, up from 70% earlier this week despite ongoing delays by the
The Solana price has recently experienced volatility but remains below the $200 mark. The value of Cardano has also been consolidating between a narrow range as bulls battle to reclaim the $1 mark. Amid this volatility, investors are searching for a promising crypto to buy for returns. Unilabs (UNIL) has
