21Shares files for Polkadot ETF with the SEC, aiming to offer direct exposure to DOT with secure asset management.
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Switzerland’s largest bank, UBS, has completed a proof-of-concept (PoC) using ZKsync Validium, an Ethereum layer-2 (L2) solution, to enhance its fractional gold investment product, UBS Key4 Gold. Notably, the pilot aims to address scalability, privacy, and interoperability challenges in digital gold trading. https://twitter.com/zksync/status/1885329177446133998 Swiss UBS: Enhancing Scalability and Security The PoC was conducted on a ZKsync…
FTX Trading Ltd. (d/b/a FTX.com) and the FTX Recovery Trust have reached a settlement with venture capital firm K5 Global, resolving litigation initiated in June 2024. The agreement, announced on January 31, allows FTX to retain its investment in K5’s funds, which is expected to support ongoing creditor recovery efforts. “Today’s settlement reflects another mutually…
The 11 Bitcoin ETFs continued a trend of heavy positive inflows on Friday. The ETFs pulled in $318 million for the day a slight reduction from the $588 million inflow it recorded on Thursday. The Bitcoin ETFs have recorded only one day of net outflow in thirteen trading days. This highlights strong investor activity and…
Bloomberg Analyst and Exchange Traded Fund Expert James Seyffart predicted XRP ETFs would be launched in 2025 following moves made by major asset managers. Seyffart’s prediction follows Grayscale's recent filing for XRP Exchange Traded Funds. Grayscale joins the growing list of asset managers exploring ETF products for other crypto assets outside Bitcoin and Ethereum. Grayscale…
Kraken Crypto Exchange announced an annual revenue of $1.5 Billion in 2024 cementing its position as one of the top exchanges in the industry. Kraken Co-CEO Arjun Sethi announced the numbers with a 31 Jan blog post highlighting the mission of the exchange and its unique approach to growth and expansion. “ In 2024, we…
Ethereum whales accumulate over 100,000 ETH despite market uncertainty, signaling confidence in their long-term value.
Grayscale has introduced a Dogecoin Trust for accredited investors, aiming for future ETF conversion.
European Central Bank President Christine Lagarde ruled out Bitcoin as an option for a strategic reserve for member states. The Former IMF boss at a Press Conference on Thursday argued that Bitcoin’s volatility and close ties to illicit funds make it unfit for a strategic Reserve. “There is a view around the table of the…
Errol Musk, father of Tech Billionaire and Founder of Tesla has endorsed a Solana Memecoin "MUSK IT". he hopes will raise $200 million on his behalf for a Think Tank. The Father of the richest man on the planet is backing a memecoin known as “Musk IT” and is hoping the project will do…