NewsBriefs - Robinhood CEO states no plans to hold Bitcoin as investment

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• Apr 10, 12:30 PM Bloomberg

  US inflation shows slowdown in March ahead of new tariff challenges

  US core inflation rose by only 0.1% from February to March 2025, marking the least increase in nine months, while the general consumer price index decreased by 0.1%, the first drop in nearly five years. Annually, core CPI experienced a 2.8% increase, the smallest rise in nearly four years. Notable contributors to the slowdown included reduced prices for energy, used cars, and airfares. This inflation relief occurs amidst new expansive tariffs imposed by the US, which could soon pressure consumer prices further.

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• Apr 10, 12:00 PM Nasdaq

  Nasdaq seeks to list VanEck's Avalanche ETF for AVAX exposure

  Nasdaq has submitted a filing to the US Securities and Exchange Commission to list and trade shares of VanEck's Avalanche ETF. This ETF aims to provide regulated access to Avalanche's native token, AVAX, through conventional brokerage accounts. VanEck's initiative is part of its ongoing effort to expand its suite of crypto investment products, despite the current regulatory uncertainty and market volatility surrounding altcoins like AVAX.

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• Apr 9, 8:29 PM The Block

  BlackRock, Grayscale, and Bitwise win SEC approval for Ethereum ETF options

  The US Securities and Exchange Commission has granted approval for options trading on spot Ethereum exchange-traded funds (ETFs). This includes options trading for iShares Ethereum Trust by Nasdaq, and options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust by NYSE American. This regulatory advancement follows the launch and success of spot Ethereum ETFs and is seen as a precursor to further product development in the crypto ETF sector.

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• Apr 9, 2:17 PM The Block

  Ethereum Foundation's Virgil Griffith released from prison on parole

  Virgil Griffith, a former Ethereum Foundation developer known for his early contributions to the Ethereum Name Service, has been released from prison on parole. Previously, in 2021, Griffith pleaded guilty to US sanctions violations related to a presentation he gave in North Korea on using crypto and blockchain technology to evade sanctions. Originally sentenced to 63 months in 2022, his sentence was later reduced to 56 months by US District Judge Kevin Castel in July 2024.

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• Apr 9, 11:00 AM GlobeNewswire

  21Shares and House of Doge introduce exclusive Dogecoin ETP on SIX Swiss Exchange

  21Shares has collaborated with the House of Doge to unveil a Dogecoin ETP, making it the only one endorsed by the Dogecoin Foundation on the SIX Swiss Exchange under the ticker DOGE. This partnership aims to provide institutional-grade exposure to Dogecoin and highlights its increasing utility and integration into mainstream finance. The ETP offers a secure, 100% physically-backed investment avenue, expanding Dogecoin's presence and credibility in the financial market.

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• Apr 9, 5:42 AM The Block

  Argentina congress advances investigation into officials linked to Libra memecoin scandal

  Argentina's Chamber of Deputies voted to investigate government officials involved in the Libra memecoin scandal linked to President Javier Milei. The investigation involves setting up a commission, summoning several top officials, and requesting a detailed government report on Libra, a Solana-based token developed by Delaware-based Kelsier Ventures. Milei's initial promotion led to a rapid market surge and subsequent crash of Libra, resulting in accusations of fraud and calls for his impeachment.

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• Apr 9, 1:30 AM SEC.gov

  Tether increases stake in Bitdeer to 22.8%, new SEC filing reveals

  Recent filings with the US Securities and Exchange Commission show that Tether has raised its stake in Bitcoin mining company Bitdeer from 21% to 22.8%, indicating an increased interest in the crypto mining sector.

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• Apr 9, 12:30 AM Eleanor Terrett

  Senate schedules cloture vote for SEC chair nominee Paul Atkins tomorrow

  The Senate has scheduled a cloture vote for SEC Chair nominee Paul Atkins at 11:30 AM tomorrow. If successful, this vote paves the way for a potential full confirmation vote by 7:00 PM.

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• Apr 8, 1:31 PM The Block

  RedStone launches Bolt oracle on MegaETH's layer 2 scaling solution

  RedStone has deployed its new oracle system, Bolt, on MegaETH, an Ethereum Layer 2 scaling solution. Bolt, different from traditional pull oracles, is a sub-second, ultra-fast push oracle system capable of updating every 2.4 milliseconds. It supports protocols that rely on push data feeds, such as leading DeFi platforms Compound, Morpho, Spark, Venus, Euler, Fluid, and Aave. RedStone, enriched by recent $15 million Series A financing from Arrington Capital and Kraken Ventures, provides oracle services across various blockchains including Ethereum, Avalanche, and Polygon. MegaETH aims to achieve 100,000 transactions per second (TPS) and is advancing with its high-performance, monolithic design enhanced by data solutions like EigenLayer.

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• Apr 8, 8:00 AM Cboe Global Markets

  Cboe to introduce new FTSE Bitcoin Index futures, expanding Bitcoin derivatives offerings

  Cboe plans to launch new FTSE Bitcoin Index futures on April 28, 2025, pending regulatory approval. These cash-settled futures, based on the FTSE Bitcoin Reduced Value Index, aim to complement existing bitcoin ETF index options and enhance Cboe's bitcoin product offerings. This expansion provides traders with more options for managing bitcoin exposure and implementing various trading strategies.

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• Apr 8, 1:47 AM The Block

  Galaxy Digital secures SEC approval to relocate to Delaware, eyes Nasdaq listing in May

  Galaxy Digital has received approval from the US Securities and Exchange Commission for its registration statement related to the company's move from the Cayman Islands to Delaware. This relocation is part of its US expansion strategy, including a planned listing on Nasdaq next month. Galaxy is set to hold a shareholder meeting on May 9 to finalize its reorganization, with the Nasdaq listing anticipated shortly thereafter. The company is currently listed on the Toronto Stock Exchange and has also settled a significant legal matter with the New York Attorney General over its promotion of the Luna crypto.

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• Apr 7, 4:33 PM CoinDesk

  BlackRock’s Fink sees 20% drop ahead but calls it a buying opportunity

  BlackRock CEO Larry Fink stated that the market could face an additional 20% drop, interpreting current economic conditions as a long-term buying opportunity rather than a systematic risk. Highlighting inflation concerns and market sensitivity to US policy changes such as the recent tariffs introduced by President Trump, Fink expressed skepticism about the Federal Reserve reducing interest rates this year. Additionally, Fink pointed out the challenges facing the crypto market, notably Bitcoin, which has seen significant declines in value.

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• Apr 7, 11:20 AM Cointelegraph

  CoinShares reports $240M outflow in crypto ETPs amid US trade tariffs

  Last week, cryptocurrency exchange-traded products (ETPs) experienced a significant outflow of $240 million, reversing previous gains, as reported by CoinShares. This shift in investor sentiment, largely driven by new US trade tariffs, influenced a total of $133 billion in holdings. Bitcoin ETPs particularly highlighted the trend with $207 million in outflows, marking a monthly net negative for the first time this year. Grayscale, leading the downturn, recorded the highest outflows at $1.4 billion YTD among all providers.

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• Apr 5, 2:00 PM Morningstar

  Tether ready to launch US-compliant stablecoin in response to potential US stablecoin legislation

  Tether, a leading stablecoin issuer, is prepared to issue a US-compliant version of its USDT token should US stablecoin legislation pass. The company, which boasts over $140 billion in USDT in circulation, views this move as aligning with its strategy to strengthen the US dollar's influence globally, especially in emerging markets. Amid geopolitical shifts and the potential for dedollarization driven by other nations, Tether's commitment to the dollar underscores its dominance in the stablecoin market and its role in advancing dollar accessibility worldwide.

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• Apr 5, 9:26 AM DeFi Llama News

  FTX disqualifies $2.5 billion in claims due to KYC noncompliance

  FTX has disqualified nearly 400,000 claims, potentially canceling up to $2.5 billion due to customer failures in meeting a KYC verification deadline. A US bankruptcy court filing highlights the financial scope and volume of claims affected. This measure, reflecting on past lax due diligence, is a step in addressing one of crypto's biggest corporate collapses. Meanwhile, FTX is preparing to repay its primary creditors later in the month, having secured $11.4 billion for distribution.

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