The United Kingdom is falling behind in the digital asset market, particularly in the area of stablecoins, despite the technology’s potential to help the country preserve its leading role in global financial services. That was a central message in a recent Financial Times op-ed by George Osborne, the former UK chancellor turned crypto lobbyist, who…
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Bitcoin-focused staking platform Solv Protocol has launched a structured yield vault for institutional investors, targeting more than $1 trillion in BTC currently sitting idle and not collecting interest. Solv’s new BTC+ is designed as a Bitcoin (BTC) yield vault aggregating and deploying capital across various yield strategies spanning decentralized finance (DeFi), centralized finance (CeFi) and…
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Bitcoin’s failure to hold above $120,000 was accompanied by a surge in selling from large holders, marking what analysts call the “third major profit-taking wave of this bull run.” Realized profits on Bitcoin (BTC) spiked to between $6 billion and $8 billion in late July — levels that coincided at or near local tops in…
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A US federal appeals court has overturned the conviction of Nathaniel Chastain, a former OpenSea manager found guilty of wire fraud and money laundering for using insider information to trade non-fungible tokens. In a Thursday decision, the Second Circuit ruled that the jury was improperly instructed and could have convicted Chastain for unethical conduct rather…
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The Chicago Board Options Exchange (CBOE) has filed a rule change request with the US Securities and Exchange Commission (SEC) to allow crypto fund issuers to list products under a unified framework, potentially removing the need for individual approvals for each new fund. The filing was highlighted by ETF analyst Nate Geraci, who noted that…
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US President Donald Trump’s crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House’s increasing focus on the blockchain economy following the passage of three separate crypto bills earlier this month. The…
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The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), allowing investors to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the regulator stated that approved Bitcoin (BTC) and Ether (ETH) funds will be permitted to create and redeem shares…
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Cantor Fitzgerald-backed Twenty One Capital has significantly increased its Bitcoin (BTC) holdings, expanding its treasury beyond the amount announced at launch, highlighting the accelerating race to accumulate the digital asset. The Bitcoin treasury firm, which launched in April with a mission to amass the digital asset, has added approximately 5,800 BTC from stablecoin issuer Tether,…
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An early Bitcoin (BTC) investor has sold 80,000 BTC through Galaxy Digital, in what the digital asset company described as one of the largest notional transactions in crypto history, though details regarding the date and execution price were not disclosed. Galaxy Digital’s disclosure of the sale first appeared on PR Newswire late Friday, followed by…
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Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case. In a Friday social media post, Dragonfly Capital managing partner Haseeb Qureshi defended the firm’s early backing of…
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