Politics
The U.S. Securities and Exchange Commission (SEC) has approved the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), signaling a notable shift in regulatory momentum that could pave the way for more diverse crypto-backed ETFs in the near future. 34-103364SECURITIES AND EXCHANGE COMMISSION34-103364.
Blockchain
A new Layer 1 blockchain named Stable is making its debut, backed by crypto exchange Bitfinex and powered by Tether’s widely used USDT stablecoin. Announced on Tuesday, Stable aims to redefine how stablecoins function at the infrastructure level—by using USDT directly as the native token for gas and
Markets
A new player is stepping in to reshape Ethereum’s direction and sharpen its focus on core infrastructure and value alignment. The Ethereum Community Foundation (ECF) has officially launched, bringing with it millions of dollars' worth of ETH to support projects designed to strengthen Ethereum’s long-term utility and
Markets
Figma, the digital design platform known for transforming how teams collaborate on UI/UX projects, has taken a bold step into the world of cryptocurrency. According to a recent S-1 filing with the U.S. Securities and Exchange Commission (SEC), the company owns approximately $70 million worth of Bitwise Bitcoin
Imagine raising startup capital not in a boardroom with suits, but from a tweet. That’s the promise behind Internet Capital Markets (ICMs)—a new, blockchain-based model for launching and backing ideas online. ICMs aim to make funding radically more accessible by turning social momentum into financial backing in real
Markets
Michael Saylor’s MicroStrategy, once a modest software firm, is now riding high on a bold Bitcoin strategy that could land it a $14 billion paper gain in the second quarter of 2024—all without selling a single product or coin. As Bloomberg reported on July 1, the Virginia-based company
AI
Europe’s vision for a new era of AI infrastructure is gaining serious traction. The European Commission has received a wave of proposals from companies eager to help build AI Gigafactories across the continent—massive computing hubs designed to propel Europe into the frontlines of the global AI race. European
Security
The U.S. Department of Justice has charged four North Korean nationals with stealing nearly $900,000 in cryptocurrency by infiltrating blockchain companies using fake identities. According to the indictment unsealed on June 30, the group posed as remote IT workers to gain access to crypto firms’ internal systems—then
Markets
South Korea’s largest crypto exchange, Upbit, and fintech giant Naver Pay are teaming up to develop a Korean won-backed stablecoin, signaling a strategic response to new regulatory momentum in the country’s digital asset space. 업비트·네이버페이, 원화 스테이블 코인 사업 제휴하기로자산연동형 디지털 자산, 일명 ‘스테이블 코인’ 도입 논의가
Politics
Senator Cynthia Lummis is making a renewed push for crypto tax reform in Washington, and the digital asset industry is rallying behind her. The Wyoming Republican is advocating for changes to how mining and staking rewards are taxed, proposing language to be included in what’s now being dubbed the
Regulation
Circle Internet Group, the issuer of the $61.5 billion USDC stablecoin, has taken a major step toward integrating more tightly with the U.S. financial system. The company has applied for a national banking license, according to a report from Reuters. If approved, the license would allow Circle to
Markets
American Bitcoin, a crypto mining startup backed by Eric Trump and Donald Trump Jr., has raised $220 million in private funding to fuel its expansion into bitcoin accumulation and mining infrastructure. The funding round, disclosed in a recent filing by majority owner Hut 8, marks a major financial step forward