Tag Archives: AA News

Shares in Bitcoin development firm MicroStrategy popped 3% on Thursday after the company’s executive chairman, Michael Saylor, announced that it will soon undergo a 10-for-1 stock split. The action will make it far more affordable for smaller investors to gain minimal exposure to MSTR, which left them in the dust during its early-year rally alongside Bitcoin. Making MicroStrategy More Affordable Per a Thursday press release from the company, the action will apply to all...

Argentina’s advance to the Copa America finals has almost doubled the market value of the country’s fan token, ARG. The token’s price has increased by over 65% in the last 24 hours, making it the second-largest soccer coin by market value. ARG Token Soars by Over 65% According to CoinGecko data, the price of the ARG token has increased by 98.8% over the past week, reaching $2.34, its highest level since May 30. At the time of writing, the token was trading at $2.34 and was up...

Paxos – the blockchain infrastructure platform behind the Binance USD (BUSD) stablecoin – announced on Thursday that regulators have forfeited their investigation into the firm concerning its dollar-pegged tokens. The result represents a major legal victory for crypto at large, where thick fog has surrounded the legal classification and regulatory treatment of stablecoins. Paxos Prevails Over The SEC After beginning its investigation of BUSD in February 2023, the Securities...

Rostin Benham – Chairman of the Commodities and Futures Trading Commission (CFTC) – says that an Illinois court has formally ruled both Bitcoin (BTC) and Ethereum (ETH) to be commodities, all but settling the CFTC’s crypto turf war with its sister agency. “In its decision, the court re-affirmed that both Bitcoin and Ether are commodities under the Commodity Exchange Act,” said Benham in prepared remarks during a U.S. Senate committee hearing on Wednesday. Ethereum A...

Wallets linked to the CoinStats exploiter recently moved almost $1 million in Ether into the controversial crypto mixing protocol Tornado Cash. The latest development comes less than a week after the leading crypt tracker said that investigations are underway. Tornado Cash Inflow Blockchain security firm CertiK flagged that two wallets associated with the CoinStats exploit in June transferred 311 ETH, valued at approximately $959,000, to Tornado Cash. One wallet moved 211...

Ethereum 2.0 staking has seen significant growth, and a major milestone has been reached. As such, the deposit contract for staking Ethereum on the Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this accounts for 33.9% of the entire Ethereum supply. ETH2 Staking Milestone According to the data shared by the crypto analytic platform Santiment, this is a dramatic increase from two years ago when it held only 10.9% of the supply, effectively...

Analysts say that Solana ETFs are expected to have a final decision deadline around mid-March 2025. This follows the Chicago Board Options Exchange (CBOE) filing applications on Monday to list VanEck and 21Shares’ proposed ETFs. Mid-March Decision Deadline Bloomberg ETF analyst Eric Balchunas noted that Solana ETFs are expected to have a final deadline of mid-March 2025. However, he emphasized that November is the most significant date in the interim. Looks like Solana ETFs...

DigitalX Limited, a digital asset fund manager, announced today the successful approval and upcoming launch of its spot Bitcoin ETF on the Australian Securities Exchange (ASX). The new spot Bitcoin ETF, under the ticker “BTXX,” will start trading on Friday, July 12, 2024, at 10:00 AM AEST. DigitalX Teams Up with K2 Asset Management and 3iQ DigitalX has partnered with ASX-listed K2 Asset Management, which will serve as the Responsible Entity and issuer for the ETF. K2 brings...

Bloomberg ETF analyst Eric Balchunas predicted on X that July 18 would be the “best guess” for the spot Ethereum ETF launch. This comes after the Securities Exchange Commission (SEC) issued S-1 amendments, which required companies to amend their registration statements and submit their applications. Balchunas Notes Minimal Changes in Latest Filing In the latest series of amendments filed by asset managers regarding spot Ethereum ETFs, Eric Balchunas described the changes as...

The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July,...