Everything web3, crypto, defi, degen
In brief The SEC exempted liquid staking services from regulation Tuesday. Services like Lido and Jito are now formally greenlit to issue staking tokens and pay out crypto staking rewards to customers without registering with the agency. The move follows a similar SEC exemption in May that permitted unregulated self-custodial and custodial staking. The SEC…
We’re committed to providing traders with greater flexibility and control, and are excited to announce a significant expansion in our collateral opportunities for Kraken Pro traders. What is a collateral currency? A collateral currency can be fiat, crypto or stablecoin you can use for trading on margin. Unlike standard spot trading, margin trading allows you…
In brief MEXC Ventures has invested in Indonesian crypto exchange Triv at a $200 million valuation, though the amount remains undisclosed. The deal was structured entirely as equity and reflects MEXC’s long-term strategy of backing licensed exchanges in emerging markets. Triv will maintain operational independence while gaining access to greater liquidity and expanded product support…
In brief Acting Chair Caroline Pham says CFTC can regulate spot crypto through current DCM authority, sidestepping new legislation. The proposal seeks public comment by Aug. 18 and is part of the agency’s broader digital asset push. Some caution the plan may clash with SEC rules and fail to resolve crypto’s security-versus-commodity status. The CFTC…
In brief Verb Technology said that it is rebranding to TON Strategy The firm will accumulate Toncoin using proceeds from a private placement. The company’s stock price soared 140% on Monday. Verb Technology will use $558 million in proceeds from a private placement to begin stockpiling and staking Toncoin, the Las-Vegas based marketer said in…
In brief CoinShares has filed for a Solana Staking ETF on Nasdaq, joining BlackRock, Fidelity, and others in adding staking features to their crypto ETF offerings. The Rex-Osprey Solana + Staking ETF already launched with $137 million AUM, showing early demand despite Solana funds representing only 8.7% of Ethereum ETF assets. Staking ETFs offer 7-8%…
In brief Pseudonymous “SharpLink Whale” currently holds $3 million worth of ETH treasury company but no actual Ethereum. The trader told Decrypt he is willing to pay a premium on the asset for the company to custody and yield millions of dollars worth of Ethereum for him. However, he warns against copycat Ethereum treasury firms,…
In brief SEC Chair Paul Atkins announced numerous major policy initiatives the regulator is now undertaking to bring crypto activity back to the United States. New rules would greenlight many crypto-related practices previously discouraged or outright banned in the U.S. The rollout comes a day after the White House released its own crypto policy recommendations,…
In brief Newly formed company The Ether Machine has purchased 15,000 Ethereum (ETH) at a cost of $56.9 million, bringing its ETH holdings to $1.28 billion. This makes it one of the largest ETH treasuries, just behind Bitmine Immersion Tech and SharpLink Gaming and ahead of the Ethereum Foundation. Investors are increasingly looking to invest…
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…
