Category: News
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Franklin Templeton launches Ethereum ETF, listed on DTCC
The DTCC listing of the Franklin Templeton Ethereum spot ETF does not guarantee SEC approval of the S-1 filing for a spot Ether ETF. Asset management firm Franklin Templeton has launched its Ethereum exchange-traded fund (ETF), dubbed the “Franklin Ethereum TR Ethereum ETF” and coded as EZET. The Ethereum spot ETF has been listed on…
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What is liquid staking, and how does it work?
Liquid staking reduces the minimum threshold required to earn block rewards and simultaneously enables the tokenized representation of staked assets. Liquid staking allows stakers to keep the liquidity of their staked tokens by using a stand-in token that they can use to earn additional yield through DeFi protocols.Before diving into liquid staking, let’s understand staking…
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DTCC rules out collateral for Bitcoin-linked ETFs
This notice means that exchange-traded funds and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets will not be assigned any collateral value. The financial services giant DTCC has stated that it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will not extend loans against…
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Nvidia shares up 15% in 5 days — Will AI crypto tokens follow?
Nvidia’s share price saw a 15% increase after a brief slump during the previous trading week, prompting analysts to speculate about the price movements of AI crypto tokens. The share price of Nvidia (NVDA), one of the biggest producers of graphics processing units (GPUs), has recovered by 15% this week, leading analysts to speculate whether…
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DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing
The U.S. Department of Justice rebuffed Roman Storm’s motion to dismiss criminal charges against him late Friday.
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Republic First Bank closed by US regulators — crypto community reacts
The bank’s 32 branches in the United States will reportedly reopen under Fulton Bank starting next week. United States regulators have reportedly closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024.It has sparked debate among the crypto community amid Bitcoin (BTC), Ether (ETH), and several altcoins slightly faltering following the news.“Another…
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Binance’s defense against SEC could be aided by Mango Markets case
Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an unrelated case against Mango Markets exploiter Abraham Eisenberg, who was convicted by a jury on April 18. The government’s argument Binance’s defense team…
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UK law enforcement given new powers to seize, destroy digital assets linked to criminals
The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The new measures aim to disrupt the financial networks of organized crime groups that increasingly exploit cryptocurrencies to launder money . These legislative changes…
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‘Lost’ Yuga Labs restructures again, with layoffs, new executive
The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project. Yuga Labs CEO Greg Solano had a “tough day,” he informed company employees in a message that he then shared with the world on X. Some of those employees had…
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Custodia Bank files notice of appeal in Federal Reserve case
Custodia Bank filed a notice of appeal in its ongoing case against the US Federal Reserve on April 26. The bank intends to appeal an earlier judgment that denied its entitlement to a Federal Reserve master account, a service that allows access to the central bank’s system without relying on intermediary banks. Additionally, Custodia will…