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NewsBriefs - NYSE Arca confirms approval to list spot Ethereum ETFs from Grayscale and Bitwise

Editor-curated news, summarized by AI

  • The Block

    NYSE Arca confirms approval to list spot Ethereum ETFs from Grayscale and Bitwise

    NYSE Arca certified its approval to list and trade spot Ethereum ETFs from Grayscale and Bitwise. Issuers await SEC's final sign-off for registration statements, expected Monday. Cboe disclosed five spot Ethereum ETFs, including Fidelity's, will launch Tuesday. This follows the SEC's approval of 19b-4 forms in May, marking a significant step for crypto ETFs in the US market.

  • Latest


    • Virtuals Protocol

      Crypto AI agent platform Virtuals Protocol expands to Solana, launches new features

      Virtuals Protocol has announced its expansion to the Solana blockchain, known for its high speed and scalability. This strategic move includes the introduction of the Meteora Pool for enhanced trading opportunities and the establishment of a Strategic SOL Reserve, where 1% of trading fees are converted to SOL to support the platform's agents and creators. Virtuals Protocol aims to empower builders and drive innovation, particularly through the Virtuals AI Hackathon and grants of 42K $VIRTUAL tokens for projects on Base and Solana.

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    • PRNewswire

      Nasdaq-listed Thumzup Media allocates up to 90% of surplus cash to Bitcoin holdings

      Thumzup Media Corporation, listed on Nasdaq under the symbol TZUP, announced that its Board of Directors has authorized allocating up to 90% of the company's surplus cash to Bitcoin. This decision is part of their ongoing Treasury Asset Strategy to strengthen financial stability and shareholder value by investing in Bitcoin as a long-term store of value. The move aligns with larger market trends and regulatory landscapes, highlighted by recent US governmental commitments to advancing digital financial technology.

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    • The Block

      Nasdaq submits filing to allow in-kind redemptions for BlackRock's Bitcoin ETF

      Nasdaq has submitted a rule amendment on behalf of BlackRock to enable in-kind redemptions for the iShares Bitcoin Trust, a significant modification from the current cash-based process. This change could streamline operations by allowing direct transfers of Bitcoin instead of its sale for cash, pending approval from the SEC.

    • Cointelegraph

      Ripple requests April 16 deadline for cross-appeal brief in SEC legal battle

      Ripple Labs has formally asked for an April 16 deadline to file its cross-appeal brief in its ongoing lawsuit with the US Securities and Exchange Commission. This development highlights the case's significance in the crypto sector and occurs amidst discussions on potential SEC withdrawals from certain crypto enforcement actions.

    • CoinDesk

      Vitalik Buterin advocates for stronger ETH focus in Ethereum's scaling strategy

      Vitalik Buterin, the co-founder of Ethereum, emphasized the need for Ethereum's scaling plans to enhance support for its native token, ether (ETH), to boost its value. In a recent post, Buterin proposed a multi-pronged strategy to establish ETH as the primary asset across Ethereum's Layer 1 and Layer 2 networks and suggested using it as primary collateral in applications. He recommended incentivizing Layer 2 networks to contribute a portion of their fees to the Ethereum ecosystem through mechanisms like fee burning and staking. Despite the rising scrutiny of the Ethereum Foundation amid competitive pressures, Buterin also suggested increasing the number of Ethereum blobs and setting a minimum price for them to generate additional revenue.

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    • Hand-Picked

      Senator Elizabeth Warren calls for investigation into Trump-launched meme coins $TRUMP and $MELANIA

      Senator Elizabeth Warren has expressed serious concerns about meme coins $TRUMP and $MELANIA, launched by President Trump and First Lady Melania Trump, which significantly increased their net worth. Citing potential conflicts of interest and risks to investors from the Trump Organization's 80% control over $TRUMP, Warren questioned the implications for US governance and crypto regulation. The coins, highly speculative and volatile, could also invite foreign influence, given their global accessibility and lack of transparency in ownership.

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    • The Block

      THORChain suspends THORFi operations amid financial turmoil, Rune token drops 30%

      THORChain, a cross-chain swap protocol, has temporarily paused its THORFi lending operations while undertaking a 90-day restructuring plan to address financial challenges and accumulated unserviceable debt. This decision has led to a 30% drop in the value of its native token, Rune. The restructuring initiative focuses on resolving liquidity issues and stabilizing the protocol amid concerns over its ability to meet creditor obligations. Trading activities such as swaps remain operational, while lending services are suspended to prevent further financial instability.

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    • The Block

      SEC revokes controversial crypto accounting guidance post-Gensler

      The US Securities and Exchange Commission (SEC) has revoked Staff Accounting Bulletin No. 122, known as SAB 121, which required crypto custody firms to list customers' crypto assets as liabilities on their balance sheets. This decision, announced after former SEC Chair Gary Gensler's departure, marks a significant shift in the agency's approach to crypto regulation and reflects ongoing debates and legislative attempts to manage crypto accounting standards.

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    • Cointelegraph

      BlackRock CEO advocates for SEC to quickly approve bond and stock tokenization

      Larry Fink, CEO of BlackRock, called for the US Securities and Exchange Commission to expedite approval for tokenizing bonds and stocks, highlighting the potential of digital assets to democratize investments. This initiative could impact various aspects of the crypto market, including competition for liquidity with stablecoins and opening new opportunities within DeFi platforms by adding traditional asset classes. The proposal, however, faces regulatory and legal hurdles that could delay its implementation.

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    • YZi Labs

      Binance Labs becomes YZi Labs, expands investment scope to AI and biotech

      Binance Labs has been rebranded to YZi Labs to reflect its autonomy and expanded investment focus which now includes Web3, artificial intelligence, and biotechnology. CZ will remain actively involved by mentoring founders, and Ella Zhang rejoins as Head of YZi Labs to lead its growth and innovation initiatives. YZi Labs remains committed to supporting transformative and innovative projects, further developing its incubation program, and continues supporting its current portfolio.

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    • The Block

      President Trump pledges US will become the world capital of artificial intelligence and crypto

      President Donald Trump, speaking at the World Economic Forum via livestream, affirmed his commitment to ensuring that the US becomes a leading hub for artificial intelligence and crypto. This echoes his statement last August about making the US the "crypto capital of the world," when he teased his DeFi project, World Liberty Financial, which has since been buying millions of ETH and other tokens.

    • Cointelegraph

      OKX receives pre-authorization for MiCA compliance from MFSA in Malta

      Crypto exchange OKX has achieved pre-authorization for the MiCA (Markets in Crypto-Assets) regulatory framework from the Malta Financial Services Authority (MFSA). This step finalizes the review process, positioning OKX closer to acquiring a full MiCA license. The firm plans to extend its offerings in Malta, adding over 240 tokens and providing a combination of trading services to European users.

    • Hand-Picked

      Justin Sun says TRON teams are working to enable zero-fee stablecoin transactions

      TRON is developing technology to eliminate transaction fees for stablecoin transfers on their blockchain. This initiative, part of their strategy to enhance the use of stablecoins by making them more economically efficient for users, reflects TRON's long-standing commitment to facilitating fast and low-cost transactions.

    • The Block

      BlackRock CEO Larry Fink speculates Bitcoin could reach $700,000

      At the World Economic Forum in Davos, BlackRock CEO Larry Fink speculated that Bitcoin could potentially reach between $500,000 and $700,000 per token if major investors allocated 2% to 5% of their portfolios to it. He emphasized this was not a promotion but a theoretical scenario based on increased adoption. Fink highlighted Bitcoin's potential role in providing financial security in economically unstable regions and his growing appreciation for crypto's democratizing benefits.

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    • Decrypt

      Worldcoin value surges 25% following Trump's $500 billion AI investment announcement

      Worldcoin's price increased by 25% to $2.40 after President Donald Trump announced a $500 billion investment in AI, focusing on OpenAI's infrastructure. The initiative, named the Stargate Project, involves major companies like OpenAI, Oracle, Softbank, Microsoft, and Nvidia, aiming to solidify US leadership in AI and create significant economic and employment opportunities. The excitement around AI and crypto, sparked by the announcement, also affected other AI-related crypto tokens.

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