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CYRPTO TIMES

Paxos becomes first blockchain native firm approved as SEC clearing agency

The story was updated with a quote from Charles Cascarilla. Paxos has received approval from the U.S. Securities and Exchange Commission to operate a blockchain-based clearing agency, becoming what the company says is the first blockchain-native firm authorized to provide central securities depository services in the country. Summary Paxos has received SEC approval to operate…

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Bitcoin’s next rally may depend on Congress, O’Leary says

Kevin O’Leary says Bitcoin’s next major catalyst has not arrived yet, even after the asset moved through previous highs.  Summary Kevin O’Leary says regulation could unlock larger Bitcoin allocations from pension and sovereign funds. He argues crypto’s next phase may depend more on legislation than short-term speculation. O’Leary says one enterprise blockchain could become a…

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wallet growth clashes with leverage risk

Ethereum traded near $1,616 on June 11, down 3.14% in 24 hours, according to crypto.news price data.  Summary Ethereum traded near $1,616 as selling pressure kept ETH down over 13% this week. Santiment data shows Ethereum is approaching 200m non-empty wallets despite weak market sentiment across crypto. Binance ETH open interest and perp-spot imbalance point…

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21Shares launches first U.S. Hyperliquid ETFs with staking exposure

21Shares has launched the first U.S.-listed exchange-traded funds tied to Hyperliquid’s HYPE token, introducing both a spot product with staking exposure and a leveraged fund tied to the decentralized derivatives platform. Summary 21Shares has launched the first U.S. ETFs tied to Hyperliquid’s HYPE token through spot and leveraged products. Bloomberg ETF analyst James Seyffart said…

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