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Cathie Wood's Ether ETF Pullback Is Likely Due to Fee War


Cathie Wood's Ark Invest was the first company to seek permission to create a spot ether ETF in September, a pioneer who blazed the trail before a wave of other high-profile applicants. It has since dropped out of the race, likely because of the incoming intense fee battle, experts say

Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields


The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets...

39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon


The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern...

Ripple President Says SEC on ‘Warpath’ With Crypto Industry


The president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She highlighted the inefficiency of the current approach, stating:...

Spot Ether ETF could reduce ETH supply by 1.26M in first 5 months


The US Securities & Exchange Commission has approved 19b-4 forms. It could approve S-1 registration forms any time later. This would pave the way for exchange platforms to enable traders and investors to engage with Spot Ether ETF. It is estimated that the approval of the registration form will...

Coinbase Launches ‘Smart Wallets’ in Bid to Simplify Crypto Onboarding


Coinbase has introduced “smart wallets,” aimed at easing the entry into blockchain activities by eliminating complex processes and high fees associated with traditional crypto wallets. This new offering seeks to onboard over one billion users through simplified, gasless transactions...

Galaxy Digital loans multimillions against tokenized Stradivarius violin


The co-founder of Animoca Brands purchased the violin at an auction for over 9 million dollars. According to the Animoca cofounder, it is just the beginning of a journey for Empress Caterina and special real-world assets. The Vice President of Galaxy Digital said that tokenization of physical...

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