Crypto

VanEck eyes new crypto ETF for onchain economy infrastructure

Leading asset management firm VanEck has submitted an application for an Onchain Economy Exchange-Traded Fund (ETF), according to a Jan. 15 filing with the US Securities and Exchange Commission (SEC). This proposed fund aims to provide exposure to the broader crypto ecosystem by investing in companies and instruments connected to digital assets. The fund outlines a strategy that […]
The post VanEck eyes new crypto ETF for onchain economy infrastructure appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

Trump reportedly talking to Ripple with interest in XRP, USDC, Solana for US national reserve

President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign pledge to establish a Bitcoin reserve alongside other potential crypto-focused policies to strengthen the US […]
The post Trump reportedly talking to Ripple with interest in XRP, USDC, Solana for US national reserve appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

Unknown nation considering Bitcoin as an alternative to traditional bonds, Bitwise CEO reveals

A national government is reportedly exploring Bitcoin as an alternative to its foreign currency bonds. On Jan. 16, Hunter Horsley, the CEO of Bitwise, revealed this development, noting that his firm had supplied detailed information to the government about Bitcoin exchange-traded funds (ETFs). According to Horsley, the government is examining the potential of reallocating part […]
The post Unknown nation considering Bitcoin as an alternative to traditional bonds, Bitwise CEO reveals appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

Litecoin ETF bid gains traction, lifting prices and trading volume

The potential for a Litecoin exchange-traded fund (ETF) to gain approval has surged, leading to noticeable price gains for the digital asset. Crypto bettors on Polymarket, a decentralized prediction platform, now estimate a 51% chance of the US Securities and Exchange Commission (SEC) giving the green light for a Litecoin-focused fund after Canary Capital amended its […]
The post Litecoin ETF bid gains traction, lifting prices and trading volume appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

Fidelity’s FBTC leads $755M Bitcoin ETF resurgence after $1.2B outflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States saw a strong resurgence after enduring four consecutive days of outflows that had drained over $1.2 billion from the market. On Jan. 15, SoSoValue data revealed that these funds recorded $755.01 million in net inflows, adding approximately 7,548 BTC to their coffers. Fidelity’s FBTC emerged as […]
The post Fidelity’s FBTC leads $755M Bitcoin ETF resurgence after $1.2B outflows appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

XRP futures open interest nears record $8 billion as price breaks $3

Ripple-linked XRP has crossed the $3 mark for the first time in seven years, driven by unprecedented interest in the derivatives market. Data from CryptoSlate shows that the digital asset spiked by 10% in the last 24 hours to as high as $3.19 at the time of writing. The recent price surge reflects a broader […]
The post XRP futures open interest nears record $8 billion as price breaks $3 appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

Ripple CEO calls SEC’s appeal ‘insanity’ as legal fight intensifies

The United States Securities and Exchange Commission (SEC) has submitted its opening brief to challenge a court decision favoring Ripple. In its Jan. 15 filing, the SEC claims that Ripple’s XRP sales to retail buyers should be classified as unregistered securities transactions. According to the SEC: “The district court erred both factually and legally in […]
The post Ripple CEO calls SEC’s appeal ‘insanity’ as legal fight intensifies appeared first on CryptoSlate.
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Cryptocurrency
16 Jan 2025

Accounting rule changes have turned Bitcoin from risky venture to corporate must-have – Bitwise

Bitwise chief investment officer Matthew Hougan believes that companies adding Bitcoin (BTC) to their balance sheets are no longer an anomaly but a burgeoning megatrend that could transform the crypto market this year. In a recent memo to clients, Hougan highlighted that MicroStrategy has been making the headlines with its aggressive BTC accumulation strategy. The company […]
The post Accounting rule changes have turned Bitcoin from risky venture to corporate must-have – Bitwise appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

USDC surpasses $20 trillion in all-time transaction volume

USD Coin (USDC) surpassed $20 trillion in cumulative transaction volume in 2024, according to a report published by Circle. In November 2024 alone, USDC recorded $1 trillion in monthly transaction volume. The report highlighted USDC’s role as a digital representation of the US dollar integrated into various blockchains. Moreover, USDC circulation grew 78% year-over-year. The […]
The post USDC surpasses $20 trillion in all-time transaction volume appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

Bank of England advances design phase of ‘digital pound’ CBDC

The Bank of England (BoE) and HM Treasury reported significant progress in the design phase of the digital pound, a proposed central bank digital currency (CBDC) that would complement traditional banknotes and enhance the UK’s payment infrastructure. The update highlighted efforts to align the initiative with the nation’s evolving payments landscape and broader economic goals. The […]
The post Bank of England advances design phase of ‘digital pound’ CBDC appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

Japan, South Korea, and the US issue joint warning over North Korea-related crypto thefts

Japan, South Korea, and the US warned the global crypto industry about threats posed by hacks attributed to North Korean actors in a joint statement published on Jan. 14. According to the statement, groups allegedly tied to the Democratic People’s Republic of Korea (DPRK) are targeting exchanges, crypto custodians, and individual users. It highlighted the activity […]
The post Japan, South Korea, and the US issue joint warning over North Korea-related crypto thefts appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

TON Foundation prepares for US expansion amid pro-crypto Trump administration

The TON Foundation, a blockchain initiative linked to Telegram, is gearing up for significant expansion into the United States, according to a Jan. 14 statement. The strategic shift follows its strong 2024 performance and aligns with a more favorable crypto outlook under President-elect Donald Trump’s incoming administration. This move marks a pivotal moment for TON, […]
The post TON Foundation prepares for US expansion amid pro-crypto Trump administration appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny

Blockchain security firm Elliptic reported that Huione—an online marketplace platform used for illicit activities—has launched USDH, a dollar-pegged stablecoin. According to Elliptic, Huione touts USDH as a solution for users seeking to bypass the restrictions imposed by traditional stablecoins like USDT and USD Coin (USDC). The asset was launched in September 2024. Huione is the […]
The post Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

Bitcoin holds near $96,500 as US PPI data shows slower producer price growth

Bitcoin traded around $96,500 Tuesday following the release of US December Producer Price Index (PPI) data, which indicated a deceleration in producer price growth. The monthly PPI rose 0.2% in December, below November’s 0.4% increase and in line with forecasts of 0.3%. Core PPI, which excludes volatile items such as food and energy, remained flat […]
The post Bitcoin holds near $96,500 as US PPI data shows slower producer price growth appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

Italy’s largest bank Intesa Sanpaolo enters Bitcoin market with initial €1 million investment

Intesa Sanpaolo, Italy’s largest bank, has reportedly entered the Bitcoin market by acquiring €1 million worth of the leading digital asset. This translates to approximately 11 BTC, according to an internal email allegedly signed by Niccolo Bardoscia, the head of the bank’s digital asset trading and investment division. Although Intesa has yet to confirm the […]
The post Italy’s largest bank Intesa Sanpaolo enters Bitcoin market with initial €1 million investment appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025

Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps

Robinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations. According to a Jan. 13 statement, this settlement follows an investigation by the US Securities and Exchange Commission (SEC) into the activities of its subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC. The penalties include $33.5 million from […]
The post Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps appeared first on CryptoSlate.
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Cryptocurrency
14 Jan 2025