In another bullish development for the crypto industry, the U.S. Securities and Exchange Commission has approved in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. But what does it mean? Summary SEC approves in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. Major exchanges, including Nasdaq, NYSE Arca, and Cboe BZX,…
ETH Strategy completes a pre-launch raise as it gears up to debut its on-chain protocol. So far, the project has raised a total of 12,342 Ethereum to date. How will it affect ETH in the long-run? Summary ETH Strategy is set to debut on-chain after raising $46.5 million in ETH. Institutional demand for ETH could…
Tom Lee’s Ethereum-centered treasury firm, Bitmine Immersion, has announced its stock repurchase program to buyback up to $1 billion of the company’s common stock. Summary The Ethereum-focused treasury and mining company, Bitmine Immersion, is buying back $1 billion worth of its common shares. A day after the buyback plan was announced, the stocks dipped by…
After initially contesting the charges, an Arizona man has now pleaded guilty to defrauding victims out of $13 million through a crypto scheme involving fake AI trading bots and a fictitious government agency. Summary Vincent Mazzotta has pleaded guilty nearly two years after being indicted in a $13M crypto Ponzi scheme. The scheme used fake…
As Bitcoin’s largest holders reduce their positions, the number of Ethereum whale wallets is increasing, fuelling speculation about a possible altcoin rotation led by Ethereum. Summary ETH whale wallets jumped 8% while BTC whales fell 1.61% in two weeks. $840M in ETH was bought by top holders in 48 hours. CryptoQuant data suggests ETH gains…
Hyperliquid’s frontend crashed for half an hour, pausing all trading on the platform and shaking confidence in its token. Summary Hyperliquid DeFi exchange suffered downtime. The issue was related to its front-end connection. HYPE token was down 5% post-crash. In DeFi, decentralization only goes so far, especially when it comes to user-facing components. On Tuesday,…
Senator Lummis is dragging federal housing agencies into the 21st century with a bill that mandates crypto be recognized in mortgage approvals. The move challenges decades-old lending rules, potentially opening doors for young buyers, but critics warn it could destabilize the system. Summary Senator Cynthia Lummis introduced a bill requiring Fannie Mae and Freddie Mac…
Spark crypto price has undone the recent gains. It has crashed by over 57% from its highest point this month and is sitting at its lowest swing since July 22. Summary Spark crypto price has plunged by 57% from its highest point this month. The total value locked in its ecosystem has jumped to a…
Palo Alto’s 180 Life Sciences is making a radical pivot, ditching biotech for crypto. With a $425 million private placement backed by Ethereum’s elite, the soon-to-be ETHZilla aims to build the largest corporate ETH treasury, blending DeFi yield strategies with Wall Street appeal. Summary 180 Life Sciences is pivoting from biotech to Ethereum, raising $425M…
Tron price continued its strong bull run this week, reaching its highest level since December last year. Summary Tron price is on the verge of a strong bull run to its all-time high. CryptoQuant points to its dominance in the stablecoin industry. They also pointed to the growing decentralized finance ecosystem. Tron (TRX) jumped to…
