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The U.S. Securities and Exchange Commission (SEC) is reportedly preparing to reject applications for spot Solana exchange-traded funds (ETFs), according to Fox Business journalist Eleanor Terrett. This decision, if confirmed, would mark another setback for the cryptocurrency industry’s efforts to gain mainstream acceptance through regulated investment products. Terrett’s sources, according to her X post from…
Crypto exchange Bitget has launched the GMCI Meme index, which contains the leading meme coins by market capitalization, on its futures trading platform. In a press release on December 6, the company said the move is intended to celebrate the “vibrant humor and creativity” that is key to cryptocurrency culture. The new index allows traders…
Julian Assange’s monumental 2010 release of the Afghan War Logs marked a turning point in transparency, revealing classified details of US military operations during the Afghanistan War. According to a recent report by The Block, a new initiative now aims to ensure these records remain permanently accessible by inscribing them onto the Bitcoin blockchain via…
As Bitcoin surpassed $100,000 and market sentiment turns increasingly positive, Chris Burniske, former ARK Invest analyst and partner at Placeholder, is urging caution on the growing hype of the $10T crypto market cap. In a post on X, Burniske has called for a tempered perspective, advocating profit-taking strategies and a balanced outlook on the crypto…
Lawrence Summers, a former US Treasury Secretary, has criticized President-elect Donald Trump’s proposal for the US government to establish a Bitcoin reserve, labeling the idea as impractical. Speaking on Bloomberg Television’s “Wall Street Week,” Summers voiced concerns about the plan, which he believes serves primarily to appease campaign donors rather than to support the nation’s…
The non-fungible token (NFT) collection Pudgy Penguins announced it is set to launch a new token, PENGU, on the Solana blockchain by the end of the year. By introducing PENGU, Pudgy Penguins is looking to add value to its user fanbase. In an announcement posted on social media platform X, Pudgy Penguins said will allocate…
Bitcoin’s price dip to $92,957 on December 5 spurred major acquisitions by BlackRock and MARA Holdings, who collectively purchased 9,173 Bitcoin. BlackRock made the most significant move, purchasing 7,750 Bitcoin, according to data from Arkham. This acquisition pushed the asset management giant’s total Bitcoin holdings to $48.9 billion. The purchases were fueled by surging demand…
Australia’s financial crime watchdog on Friday launched a cryptocurrency task force to identify and penalize crypto ATM providers violating anti-money laundering laws. AUSTRAC said the task force aims to ensure digital currency exchanges (DCEs) offering crypto ATM services meet minimum standards. The initiative seeks to enforce strong practices to prevent these machines from being used…
Spot Ether exchange-traded funds (ETFs) in the United States recorded their largest single-day inflow on December 5. According to data from Farside Investors, the nine spot Ether ETFs collectively saw $431.5 million in inflows, marking the ninth consecutive trading day of net positive flows for the surging cryptocurrency. This inflow surge surpassed the previous record…
President-elect Donald Trump on Thursday night named venture capitalist and ex-PayPal COO David Sacks as his administration’s “AI and crypto czar.” “In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in a Truth Social post. “David will…