Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000. Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion, CoinShares reported on June 2. Despite the inflows, total assets … Read more
The U.S. Securities and Exchange Commission is once again putting the brakes on new crypto ETF proposals. This time, it’s calling out two funds tied to Ethereum and Solana ETFs that were set to offer investors access to staking rewards. The products come from REX Shares and Osprey Funds, and while the ideas sound innovative … Read more
Russia’s biggest bank, Sberbank, just did something most people probably didn’t see coming. They launched a structured bond that links investor payouts directly to how well Bitcoin performs, along with the strength of the US dollar against the Russian ruble. It’s the kind of move that would have raised eyebrows a few years ago, but … Read more
On June 2, Strategy announced that it plans to offer an IPO of “10% Series A Perpetual Stride Preferred Stock” at $100 per share under the ticker STRD. It intends to use the net proceeds from the offering for “general corporate purposes, including the acquisition of Bitcoin and for working capital,” it stated. The firm … Read more
The Kurdistan Regional Government (KRG), the official executive body of the semi-autonomous Kurdistan Region in northern Iraq, has ordered the Ministry of Interior to create a special committee to shut down companies operating in the fields of electronic trading and digital currencies. The directive, issued by the Presidency of the Council of Ministers and dated … Read more
21Shares announces a 3-for-1 stock split for its flagship ARK 21Shares Bitcoin ETF (ARKB) to enhance accessibility and appeal for retail investors. The split, effective June 16, aims to lower the per-share price without altering the ETF’s Bitcoin exposure or net asset value, facilitating broader investor participation. According to 21Shares, the move is designed to … Read more
The U.S. government has extended its pause on some tariffs imposed on Chinese goods until August 31, 2025. This move comes during ongoing trade negotiations between the Donald Trump administration and several key global trading partners. The decision has drawn attention from both traditional financial sectors and cryptocurrency markets, as the delay is expected to … Read more
Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as … Read more
Key Points: Coinbase parted ways with TaskUs after data breach costs $400 million. 200 TaskUs employees were dismissed following the incident. Increased control measures implemented by Coinbase post-breach. Coinbase has ended its partnership with TaskUs following a security breach by Indian employees in January. The breach cost the exchange an estimated $400 million, revealing sensitive … Read more
On June 3rd, **COINOTAG News** reported that the **U.S. Securities and Exchange Commission (SEC)** is actively soliciting public feedback regarding potential amendments to the rules governing the **WisdomTree Bitcoin Fund**. This initiative involves the possibility of enabling **in-kind creation and redemption**, a significant step that could enhance operational flexibility for cryptocurrency **exchange-traded funds (ETFs)**. Historically, … Read more