Everything web3, crypto, defi, degen
In brief Cboe BZX has filed with the SEC to list the Invesco Galaxy Solana ETF, offering investors regulated access to Solana, including the potential to earn staking rewards. The filing argues Solana’s trading volume justifies approval without a futures market surveillance agreement, citing $2 billion in daily volume across major exchanges like Coinbase and…
In brief Bitcoin briefly rose to $118,640 before falling 2.6% on Wednesday, failing to retest its record high of $122,800. QCP Capital said the muted price response to positive headlines signaled potential late-cycle behavior. Analysts warned that a short squeeze in the U.S. dollar and excessive leverage in altcoins could trigger broader market volatility. Bitcoin…
In brief The proposed rule change would allow automatic approval of crypto ETFs that meet certain criteria. If approved, it could open the door to faster listings for altcoin-based ETFs. Though some warn the proposal also risks “regulatory favoritism which could “fuel private interests.” Two major U.S. exchanges have asked the Securities and Exchange Commission…
In brief Quantum computers threaten blockchain security by cracking private keys with Shor’s algorithm. Chains using EdDSA, like Solana and Sui, are easier to upgrade for quantum resistance. Older chains like Bitcoin face steep risks and costly upgrades, or risk leaving assets exposed. Quantum computing could one day break the cryptographic foundations that secure trillions…
In brief Ethereum celebrated its 10th anniversary on Wednesday, persevering through a decade of existential threats and evolution. Over the next 10 years, advocates believe the network will complete a spree of upgrades, improve layer-2 interoperability, and become the “settlement layer for everything.” Consensys pushed back on concerns that quantum computing could pose an existential…
In brief Top prediction markets on Myriad this week ask about the price of Ethereum, the Roman Storm trial, and migrating birds. Predictors are bullish on ETH hitting a new all-time high this year, but not about it breaking $4K this week. In flash markets, predictors are leaning guilty on Storm, and that less than…
Kraken is in build mode. We are creating a multi-asset platform that enables anyone to trade anything, anytime, anywhere. In Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled. We are pushing the envelope on geo expansion and establishing ourselves as the infrastructure provider that will power the next generation…
In brief Ethereum has risen nearly 3% this week, defying Bitcoin’s pullback and approaching the $4,000 mark for the fourth time since March 2024. Analysts cite growing ETF inflows, potential approval of staking, and institutional buying as key drivers behind the rally. Market watchers say a favorable macro backdrop, including Fed policy and AI-fueled risk…
In brief The SEC acknowledged a proposal to permit staking for BlackRock’s ETHA. The regulator has delayed its decision on similar proposals. Spot Ethereum ETF have generated $9.4 billion in net inflows since their debut. The U.S. Securities and Exchange Commission acknowledged Nasdaq’s proposal on Tuesday to accommodate staking for BlackRock’s spot Ethereum exchange-traded fund,…
The Securities and Exchange Commission has approved in-kind creations and redemptions for crypto-based exchange-traded funds, according to a blog post published on Tuesday.Previously, spot Bitcoin and Ethereum ETFs approved by the regulator were limited to creations and redemption on an in-cash basis, preventing investors from exchanging shares of an ETF for its underlying tokens or…
