GBP/USD depreciates as the US Dollar strengthens ahead of the upcoming US Personal Consumption Expenditures Price Index release. The Greenback appreciates as yields on 2-year and 10-year US Treasury bonds snap a four-day losing streak. The British Pound faces pressure amid rising expectations that the BoE will cut interest rates at its May policy meeting. … Read more
Key takeaways Approving staking for spot Ether exchange-traded funds (ETFs) in the US may have a minimal impact on inflows unless Ether sees a sustained rally, says Eric Balchunas ETH dropped significantly in price after the launch of the ETFs last year, unlike spot Bitcoin ETFs, which saw new all-time highs just two months after … Read more
Key takeaways: Strong Ethereum ETF inflows signal high institutional demand. Ethereum’s $51.8B TVL and 30% DEX weekly volume rise show robust network strength. A bull flag pattern on the ETH’s four-hour chart targets $2,100. Ether’s (ETH) price rose to a new range high at $1,860 on April 28, its highest value since April 2. Several … Read more
PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant’s US-dollar stablecoin. PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD (PYUSD) and wouldn’t be taking any action. The company said it received a subpoena from the SEC’s Division of Enforcement … Read more
Two prominent players in finance and media — Trump Media and Technology Group in the United States and Bunq in Europe — have unveiled separate but parallel moves into the cryptocurrency space, reflecting a broader shift toward integrating digital assets into everyday digital platforms. Trump Media announced it is exploring the launch of a utility … Read more
Bankrupt crypto exchange FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming firm Kurosemi, which operates as Delysium, accusing them of withholding tokens they owed. The lawsuits, both filed in the Delaware bankruptcy court, alleged that NFT Stars and Delysium failed to deliver all the tokens paid for by … Read more
Bankrupt crypto exchange FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming firm Kurosemi, which operates as Delysium, accusing them of withholding tokens they owed. The lawsuits, both filed in the Delaware bankruptcy court, alleged that NFT Stars and Delysium failed to deliver all the tokens paid for by … Read more
Stablecoin issuer Circle has secured In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing it to operate as a money services provider. Circle Eyes Greater Role in UAE Circle Internet Group, the leading global financial technology company and issuer of the USDC stablecoin, has received In-Principle Approval (IPA) from the … Read more
In brief Nasdaq has applied to the SEC for a rule change allowing the exchange to list shares of a 21Shares Dogecoin ETF. Bitwise and Grayscale have also applied for Dogecoin ETFs. The SEC has already started deliberations on a rule change for the Grayscale Dogecoin fund. Nasdaq has applied to the U.S. Securities and … Read more
Asset manager BlackRock has filed to create digital ledger technology shares from one of the firm’s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors. The DLT shares will track BlackRock’s BLF Treasury Trust Fund (TTTXX), which may only be purchased from BlackRock Advisors and The … Read more