Ethereum-tracking exchange-traded funds have turned a corner after nearly a week of heavy redemptions. The funds saw fresh inflows on September 9, breaking a multi-day losing streak that had drained hundreds of millions from the market. Summary Ethereum ETFs ended a six-day outflow streak with $44.16 million in inflows on September 9, led by BlackRock’s…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When Strategy and Tesla added Bitcoin (BTC) to their balance sheets, it sent a clear signal: Bitcoin wasn’t just for crypto die-hards anymore. Tech companies with serious gravitas had officially entered the…
President Alexander Lukashenko has urged Belarusian banking leaders to expand the use of cryptocurrencies and modern digital payment systems as he believes the country’s outdated financial practices can no longer support its sanction-hit economy. Summary Belarusian President Alexander Lukashenko has urged domestic banks to expand cryptocurrency use. Digital tokens are expected to help combat economic…
The U.S. SEC has extended its review of the Bitwise Dogecoin and Grayscale Hedera ETF applications, pushing both deadlines to Nov. 12 amid a growing backlog of altcoin ETF filings. Summary The SEC delayed NYSE Arca’s Bitwise Dogecoin ETF and Grayscale’s Hedera ETF to Nov. 12. The agency has repeatedly extended deadlines for multiple altcoin…
SushiSwap price has broken out of a descending triangle pattern that had kept it in a downtrend since mid-July. Summary SUSHI price has been on a downtrend since July. The token has invalidated a multi-month descending triangle pattern. According to data from crypto.news, Sushi (SUSHI) was trading at $0.79 up 2% in the past 24…
Metaplanet’s share has slipped further from its peak in June, plummeting by 28% in the past month. The firm plans to issue 385 million new shares to boost its Bitcoin holdings. Summary Metaplanet plans to issue 385 million shares to raise $1.4 billion to buy more BTC and generate income from BTC options. The firm’s…
MYX Finance price surged 13x in a week, but new on-chain data and insider trading claims are raising questions about whether the rally is engineered or sustainable. Summary MYX price spiked 1,320% in seven days, reaching a $17B FDV despite a heavy token unlock. Bubblemaps traced $170M in airdropped tokens to 100 sybil-linked addresses. Allegations…
Asset entities, a social media marketing company, will merge with Strive Enterprises to pivot into a Bitcoin treasury company that will operate under the Strive brand. Summary Asset Entities shareholders have approved a merger with Strive Enterprises to form Bitcoin treasury company Strive, Inc. Strive plans to raise $1.5 billion to fund more Bitcoin purchases….
Eric Trump has been sidelined from joining the board of fintech firm Alt5 Sigma, with the company instead naming him a board observer after a review with Nasdaq. Summary Alt5 Sigma revised its $1.5B deal with World Liberty Financial, removing Eric Trump from its board after Nasdaq consultation. Trump will serve only as an observer,…
Ethena has formally proposed to manage USDH, Hyperliquid’s planned native stablecoin, positioning itself against rivals Sky, Frax, Agora, and others. Summary Ethena has proposed issuing USDH on Hyperliquid, backed by Anchorage and BlackRock’s BUIDL fund. The plan directs 95% of revenues to the Hyperliquid community via HYPE buybacks and incentives. Ethena pledged $75M to ecosystem…
