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

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  • 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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    • Circle

      Circle receives regulatory clearance from Abu Dhabi to expand in the Middle East

      Circle has secured In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a money services provider in the Middle East and Africa (MEA). This development is a step forward in obtaining a Financial Services Permission (FSP). It marks a continuation of Circle's regional expansion strategy, emphasizing compliance and innovation in stablecoins within dynamic regulatory environments. This approval builds on Circle's ADGM incorporation in December 2024 and aligns with its strategic collaborations with regional entities like Hub71, strengthening its role in advancing digital finance and stablecoin adoption.

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    • The Block

      1inch expands to Solana, targets cross-chain swaps with 10 networks

      1inch, a multi-chain DEX aggregator, has launched on Solana with its Fusion protocol to offer MEV-protected swaps for over 1 million Solana-based tokens. This integration also features six developer APIs and utilizes a Dutch auction system aimed at reducing price slippage and enhancing liquidity. Following its success on Solana, which led DEX trading volumes and activity in Q1 2025, 1inch plans to introduce cross-chain swaps between Solana and ten other supported networks to interlink liquidity across diverse DeFi ecosystems.

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    • The Block

      Mastercard integrates stablecoins into global payments, partners with OKX, Circle, and Paxos

      Mastercard is incorporating stablecoins into its payment network, enabling consumers to spend and merchants to receive stablecoin payments globally. This integration allows stablecoin transactions through traditional cards, rewards earning, and direct withdrawals to bank accounts via Mastercard Move. In collaboration with crypto exchange OKX and stablecoin issuers Circle and Paxos, this move coincides with impending US stablecoin legislation and reflects growing institutional interest in stablecoin use. The total supply of USD-pegged stablecoins has surpassed $230 billion, with significant transaction volumes reported.

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    • The Block

      Coinbase introduces new Bitcoin Yield Fund targeting 4-8% annual returns

      Coinbase Asset Management is set to launch the Coinbase Bitcoin Yield Fund, offering 4-8% annual bitcoin-denominated returns using a conservative cash-and-carry arbitrage strategy. This new fund, which avoids high-risk techniques like bitcoin loans and call selling, is designed for international institutional clients and utilizes third-party custodians to lower risks. Major investors include Aspen Digital, which also serves as the fund's exclusive distributor in the UAE and Asia.

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    • Cointelegraph

      Bitget takes action against purported VOXEL futures manipulation, legal notices issued to key suspects

      Crypto exchange Bitget has initiated legal action against eight account holders allegedly involved in manipulating the price of VOXEL/USDT perpetual futures on April 20, resulting in over $20 million in illicit gains. The accounts, implicated as main perpetrators, have been restored to normal after Bitget reversed the irregular trades. The exchange intends to return 100% of recovered funds to affected users via airdrops, while an official incident report is pending.

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    • The Block

      DeFi Development files $1 billion shelf offering with SEC to fuel Solana strategy

      DeFi Development, formerly known as Janover, has filed a $1 billion shelf offering with the SEC for diversified securities, including stocks and bonds. This move is part of their strategic pivot towards Solana, emphasizing buying and staking SOL tokens, akin to strategies employed by companies like Galaxy Digital and Sol Strategies. The registered securities may be sold over time, with the detailed terms set prior to each offering. DeFi Development's involvement in crypto began with accepting BTC, ETH, and SOL payments for its commercial property debt financing services.

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    • Fortune

      Paradigm invests $50 million in decentralized AI startup Nous Research

      Paradigm has invested $50 million in Nous Research, a decentralized AI startup, in a Series A funding round that values the startup at a $1 billion token valuation. Nous leverages the Solana blockchain for training AI models in a distributed manner, different from traditional centralized data centers. The startup, which has been under the radar for two years, aims to compete with major AI firms by using blockchain technology for better coordination and incentives in model training.

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    • The Block

      SEC moves to dismiss Dragonchain lawsuit following Crypto Task Force launch

      The SEC filed a joint stipulation with Dragonchain to dismiss a lawsuit concerning the company's 2017 ICO, citing the role of its newly established Crypto Task Force. The dismissal aligns with the SEC's recent softer approach towards crypto regulations under new leadership, following a period of stringent enforcement under former chair Gary Gensler. This change in stance, as signaled by the Crypto Task Force, has led to significant drops in litigation against major crypto entities and reevaluation of what constitutes a security in the crypto space.

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    • The Block

      Citigroup forecasts potential $3.7 trillion stablecoin market by 2030

      Citigroup projects a significant growth in the stablecoin market, suggesting it could magnify from around $240 billion currently to as much as $3.7 trillion by 2030. This anticipated expansion is driven by increased adoption in the finance and public sectors, influenced by regulatory changes capable of causing a transformative effect on the crypto market. The report also discusses potential scenarios where the growth could be lower depending on the challenges faced in adoption and integration.

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    • PayPal

      PayPal and Coinbase enhance partnership to promote PYUSD stablecoin usage

      PayPal and Coinbase are expanding their collaboration to boost the adoption and use of the PayPal USD (PYUSD) stablecoin. This partnership aims to provide fee-free transactions and seamless 1:1 fiat redemptions via Coinbase, leveraging PayPal's vast network and payment solutions for increased utility across consumer, enterprise, and institutional levels. The collaboration focuses on enhancing commerce applications, exploring decentralized finance (DeFi), and developing new use cases for PYUSD.

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    • The Block

      SEC delays decisions on Polkadot and Hedera ETF proposals

      The US Securities and Exchange Commission has postponed decisions on proposals to list and trade crypto funds based on Polkadot and Hedera's DOT and HBAR tokens until June 11, in order to have sufficient time to review. This delay also affects other crypto ETF decisions, including those by Grayscale and Canary. The SEC, under new management since January, appears more open to the crypto industry, demonstrated by its public roundtables and fewer lawsuits against crypto firms.

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    • The Block

      SEC postpones decisions on Polkadot and Hedera ETFs amid flurry of crypto ETF proposals

      The US Securities and Exchange Commission (SEC) is delaying its decisions on proposals for crypto funds based on Polkadot and Hedera, moving the deadlines for Grayscale's Polkadot ETF and Canary's HBAR ETF to June 11. These postponements come as the SEC considers multiple other crypto ETF proposals. This delay allows the SEC more time to assess these proposals thoroughly.

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    • New York Post

      TON Foundation names MoonPay co-founder Maximilian Crown as new CEO

      TON Foundation has appointed Maximilian Crown, co-founder of MoonPay, as its CEO. Maximilian Crown was previously COO and CFO at MoonPay and has established relationships with banks and regulatory bodies. This leadership change at TON Foundation follows a significant growth in TON blockchain users from 4 million to 41 million in a year, alongside a strategic $400 million investment received from venture capital firms. With this appointment, the foundation aims to leverage Crown's expertise and relationships to expand the TON blockchain, aiming to integrate 30% of Telegram's users by 2028.

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    • Forbes

      RockawayX launches new $125M fund focused on Solana

      RockawayX has raised a new $125 million fund to invest primarily in Solana-focused startups, despite a broader slowdown in crypto venture capital activity. The fund, which successfully closed in the first quarter, is RockawayX's second early-stage fund and aims to support seed investments and liquid, income-generating positions. This initiative follows RockawayX's significant achievements with its 2021 fund, which more than doubled investors' money. The firm, managing about $2 billion and operating with a tech-heavy team across offices in Prague, Dubai, and London, continues to build on its early support for Solana, planning to open a Solana-focused accelerator in Dubai.

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    • The Block

      ZKsync recovers $5 million in hacked tokens after offering 10% bounty

      ZK Nation, overseeing the ZKsync protocol, announced the recovery of approximately $5 million in previously stolen tokens. This was achieved after the hacker accepted a 10% bounty offer from ZKsync's Security Council. The returned assets, now valued at about $5.66 million, are in custody awaiting governance decisions. ZKsync reassured that all user funds were secure at all times, with no ongoing risk of further hacks.

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