Author: James Wilson
VanEck has made a move to expand its digital asset footprint by by filing to establish a trust for the first-ever exchange-traded fund that will track the price of Binance Coin, the fifth largest cryptocurrency by market cap. On March 31, asset manager VanEck, a pioneer in filing for crypto investment products, filed to establish a trust entity for the first-ever Binance Coin (BNB) EFT in Delaware, according to public records on the state’s official website. This move marks the first step in the ETF launch process, typically preceding a formal application with the U.S. Securities and Exchange Commission. If…
A coalition of top UK digital economy trade groups has urged lawmakers to step up support for blockchain and digital assets by calling for a dedicated envoy and action plan to keep the country competitive. On 31 March, six trade bodies, including the UK Cryptoasset Business Council, techUK, Global Digital Finance, The Payments Association, Digital Currencies Governance Group, and the Crypto Council for Innovation, wrote to Varun Chandra, the Prime Minister’s special adviser on business and investment. They called for “greater strategic focus and alignment to deliver investment, growth and jobs” in the UK’s digital asset sector. Citing “recent geopolitical…
Japan’s Metaplanet has acquired an additional 160 Bitcoin, bringing its total holdings to 4,206 BTC. According to the company’s Apr. 2 statement, the latest purchase was made at an average price of 12.49 million yen ($80,063) per Bitcoin (BTC), totaling 1.998 billion yen ($13.39 million). This purchase is a part of Metaplanet’s ongoing Bitcoin treasury strategy, which has played a major role in the company’s expansion. Through the sale of cash-secured Bitcoin put options, Metaplanet revealed that it had purchased 696 BTC in Q1 2025. 50 BTC came from premiums, and 645.74 BTC came from option exercises. The total cost…
BlackRock has received approval from the UK’s top financial markets regulator, the Financial Conduct Authority, to operate as a crypto asset firm. According to an Apr. 1 report from DL News, the global investment giant managing around $12 trillion in assets will now be able offer its new European Bitcoin (BTC) exchange-traded product in the UK. With this approval, BlackRock joins companies like Coinbase, PayPal, and Revolut as the 51st company to be registered with the FCA. Only 14% of applications have been approved by the FCA, demonstrating its selectiveness. According to the agency, a large number of applications were…
The U.S. Securities and Exchange Commission and Gemini Trust have jointly requested a 60-day stay in their ongoing lawsuit to explore a potential resolution. The motion, which was submitted to the U.S. District Court for the Southern District of New York on April 1, requests that the court postpone all deadlines while further discussions occur. In January 2023, the SEC filed its first lawsuit against Gemini Trust and Genesis Global Capital, claiming they had unlawfully raised billions of dollars through the Gemini Earn program without registering it as a securities offering. The lawsuit was part of the SEC’s broader crackdown…
Circle, the company behind the USDC stablecoin, has officially filed for an initial public offering with the U.S. Securities and Exchange Commission. According to the April 1 filing, Circle (USDC) intends to list its Class A common stock on the New York Stock Exchange with the ticker “CRCL.” The company’s filing indicates that some current shareholders will also sell shares, even though the quantity and price range of shares have not yet been made public. While sales from current holders will not benefit the business, Circle will profit from shares it sells directly. Major banks like JPMorgan and Citigroup will…
Can Ethereum still claim L1 dominance as Solana gains ground and the ETH/BTC ratio crashes below 0.022? ETH/BTC hits a multi-year low Ethereum (ETH), the world’s second-largest crypto by market cap, is facing a sobering reality check. The ETH/BTC ratio, a metric used to gauge Ethereum’s strength relative to Bitcoin (BTC), has dropped to 0.022, its lowest level since December 2020, signaling a sharp decline in Ethereum’s relative performance. ETH/BTC lifetime price chart | Source: TradingView Since September 2022, when the ratio hovered around 0.085, Ethereum has shed more than 73% of its value relative to Bitcoin. As of this…
There are numerous opportunities for traders in the decentralised finance (DeFi) ecosystem. But it is difficult to handle multiple Decentralized Exchanges (DEXs). Trying to get the best prices and minimising slippage can reduce returns. This is where DEX aggregators like Jumper Exchange come in. Jumper Exchange makes it easier to trade in DeFi by offering one-stop DeFi trading services for your swap. It uses the DEX aggregation mechanism to obtain liquidity from many DEXs to get the best possible rate for your trades. This article will discuss complex trading methods on Jumper Exchange to help improve the DeFi experience. What…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP price speculations surge as Panshibi launches amid Binance, Coinbase rumors, sparking SHIBI’s growth outlook. While the government and banks have not changed their intentions on its use case, speculations continue to grow around developments affecting the XRP price prediction. Meanwhile, Panshibi’s launch has sparked interest, with reports suggesting possible listings on major exchanges like Binance and Coinbase. If confirmed, this could influence investor sentiment and market positioning. As XRP holders evaluate their next move, the question remains whether…
The global acceptance of cryptocurrencies is evident. More individuals are jumping on the bitcoin bandwagon for various reasons, with numerous investors raking in incredible gains every day. With the rise of popularity and value of cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin has grown, users have become more vulnerable to fraud. To begin with, assets and transactions are provided and controlled by users. They might fall prey to fraudsters and become victims of scams if there is no authority to oversee the operation of bitcoin channels. What Attracts Scammers to Cryptocurrencies? It’s unregulated: One of the critical tenets of cryptocurrencies…