The SEC requested fresh written commentary and opinions on a proposed rule change to allow issuers to list a Bitcoin spot ETF. Blackrock, Fidelity, and other wall street punters await the Commission’s decision on their own ETF filings. Ark Invest CEO Cathie Wood predicted the delay on Bloomberg TV, adding...
Summary: Fidelity announced a new Ethereum index fund per details from a filing with the Securities and Exchange Commission. The mammoth asset manager boasts around $5 million in investments for its latest crypto offering. Galaxy Digital CEO Mike Novogratz hinted that the company might provide retail exposure to Bitcoin soon....
A $57 million lawsuit against Terra co-founder Do Kwon has been brought to light by the Wall Street Journal. The lawsuit alleges fraudulent misrepresentation by Kwon.
FTX's potential plan to restart the exchange has drawn the interest of the popular VC firm Tribe Capital. The renewed interest in the exchange's reboot lead to a 22% surge in $FTT's price.
Summary: Founding team members also include Co-Founders of troubled exchange CoinFLEX, Mark Lamb, and Sudgu Arumugam. The GTX exchange will allow users to trade claims for defunct crypto companies like BlockFi, Celsius, FTX, and Mt. Gox to name a few. WuBlockchain confirmed the news from Three Arrows Founder Su Zhu...
Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies have teamed with CoinFLEX to launch a new crypto exchange that will allow users to trade their claims against bankrupt crypto firms.
Summary: Su Zhu and Kyle Davies’s new crypto venture OPNX partners with a firm bearing a similar name to the fallen hedge fund. 3AC Ventures will act as the new ecosystem partner of the digital exchanges that hopes to unlock a $20 billion bankruptcy claim market. “3AC is dead, long...
As reported by Ethereum World News, last week leading Bitcoin derivatives exchange BitMEX revealed that it launched a new “Ripple USD (XRP) quanto swap,” which is similar to the exchange’s famous BTC (XBT) swap, allowing investors to trade the altcoin as high leverage. Due to the popularity of BitMEX, traders were...
Crypto Funds Close Up Shop According to a recent report from Bloomberg, 70 crypto-centric hedge funds that served a clientele of “pensions, family offices and wealthy individuals” have closed in the past year. The data, which came from Crypto Fund Research, also indicated that the number of new funds is...
The community behind Aave has voted in favor of a proposal that seeks to use 2 million USDT from the Aave DAO Treasury to acquire 5 million CRV to support the DeFi ecosystem.
