Everything web3, crypto, defi, degen
In brief The SEC set November 12 as the new deadline for Grayscale’s Hedera Trust. Grayscale submitted updates for its Bitcoin Cash and Litecoin trusts, with both structured to list on NYSE Arca. The delayed decision adds to a wave of over 90 crypto ETF applications, including Solana and XRP products now pending before the…
In brief The U.S. Treasury has sanctioned 19 entities across Burma and Cambodia that it says scammed Americans out of $10 billion in 2024. The action targets networks using trafficked workers forced to conduct “pig butchering” scams through fake investment platforms and romance schemes. Networks often “rebrand” when sanctioned, but sanctions “disrupt scammers’ easiest routes,”…
In brief Hong Kong-based Hashkey Group has announced plans for a fund bridging tradfi and crypto. The DAT fund will target over $500 million in its first phase with a focus on Bitcoin and Ethereum projects. The structure is designed as a perpetual vehicle allowing regular subscriptions and redemptions. HashKey Group, a Hong Kong-based digital…
In brief El Salvador bought 21 BTC on September 7 to celebrate the fourth anniversary of its Bitcoin Law. The country’s Bitcoin reserve now totals 6,313.18 BTC valued at about $701 million. The purchase comes despite an IMF loan requiring the government to halt Bitcoin accumulation. El Salvador continues to stack sats.On Sunday, President Nayib…
In brief The draft legislation attempts to close loopholes and updates rules for evolving risks. The new change-in-control threshold for crypto firms would be lowered to 10%. A consultation will be open until September 30, with regulations to be put before Parliament in early 2026. The UK’s HM Treasury released a draft of proposed changes…
September 4, 2025 | Asset Listings We’re thrilled to announce that ZIG is available for trading on Kraken! Funding and trading ZIG trading is live as of September 4, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens…
In brief U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again. The service will be for institutional investment managers. U.S. Bank first announced the service in 2021 but had to pause it. Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the…
September 3, 2025 | Asset Listings We’re thrilled to announce that LsSOL is available for trading on Kraken! Funding and trading LsSOL trading is live as of September 3, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens…
In brief The U.S. has jumped from fourth to second place in global crypto adoption as regulatory clarity drives institutional demand, according to the latest Chainalysis report. India has maintained a three-year winning streak despite heavy taxation and compliance requirements. The Asia-Pacific region led growth with a 69% surge in transaction volume, while stablecoin volumes…
In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…
