Shares in the livestreaming and e-commerce company GD Culture Group fell 28% on Tuesday after announcing a share deal to acquire all the assets from Pallas Capital Holding, including 7,500 Bitcoin. GD Culture will issue nearly 39.2 million shares of its common stock in exchange for all Pallas Capital’s assets, including $875.4 million worth of…
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The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns. “The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new…
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The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times…
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Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to track an index split between companies tied to stablecoins and tokenization. According to a Tuesday filing, the proposed ETF will track an index featuring companies from stablecoin issuers, infrastructure providers, payment processors, exchanges…
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The US House of Representatives may have a shorter legislative path to bar the Federal Reserve from issuing a central bank digital currency (CBDC) by using a market structure bill it passed in July. In a Monday hearing of the House Rules Committee, a draft agenda showed a proposal to add the text of the…
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Key takeaways: September’s 44,000 BTC net withdrawals reduced the available supply, easing the potential short-term selling pressure. US-listed spot Bitcoin ETFs added $2.2 billion, delivering persistent daily demand that far exceeds the mined supply. Bitcoin (BTC) has traded in a narrow 2.3% range since Friday as investors await the United States Federal Reserve’s interest rate…
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Binance is reportedly in talks with the US Department of Justice (DOJ) to remove a key oversight measure from its 2023 settlement agreement — a change which, if approved, could ease regulatory and compliance pressures on the cryptocurrency exchange. According to Bloomberg, which cited people familiar with the discussions, the DOJ is weighing whether to…
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Bitcoin mining stocks extended their recovery in September, outpacing Bitcoin even as industry economics remain under pressure and hardware payback periods stretch longer. According to The Miner Mag’s latest industry update, shares of Cipher Mining (CIFR), Terawulf (WULF), Iris Energy (IREN), Hive Digital Technologies (HIVE) and Bitfarms (BITF) surged between 73% and 124% over the…
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Cryptocurrency exchange Coinbase is pressing the US Department of Justice to step in over state-level crypto enforcement after federal regulators abandoned their case against the company earlier this year. In a 14-page letter sent Monday to the Department of Justice (DOJ), Coinbase Chief Legal Officer Paul Grewal said federal officials should take action in response…
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Key takeaways: Bitcoin’s weekly stochastic RSI has triggered its 9th bullish signal this cycle. Analysts see potential upside toward $155,000–$200,000 if history repeats. Short-term liquidity pressures and the FOMC decision could drive BTC price volatility. Bitcoin (BTC) continues to consolidate above $115,000 as traders brace for the Federal Open Market Committee’s (FOMC) interest rate decision…
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