Several major US banking associations are urging Congress to tighten new stablecoin regulations, warning that a gap in the GENIUS Act could allow issuers to skirt restrictions on paying interest to holders. Key Takeaways: TUS banking groups want Congress to close a GENIUS Act loophole allowing stablecoin yield via affiliates. They warn yield-bearing stablecoins could…
Categoria: Uncategorized
Grayscale Moves Toward Spot Cardano and Hedera ETFs with New Filings
Grayscale Investments has registered two new statutory trusts in Delaware for Cardano and Hedera, signaling it may be preparing to launch spot exchange-traded funds for both assets. The filings, dated Aug. 12, list the entities as the Grayscale Cardano Trust ETF and the Grayscale Hedera Trust ETF, both organized as general statutory trusts. The registrations…
Kazakhstan-Based Fonte Capital Launches Central Asia’s First Spot Bitcoin ETF, Trading Begins on Aug. 13
Astana-based investment manager Fonte Capital will debut its Bitcoin exchange-traded fund (ETF) on Wednesday, on the Astana International Exchange (AIX). Central Asia’s first spot Bitcoin ETF product, dubbed the Fonte Bitcoin Exchange Traded Fund OEIC, will start trading Aug. 13 under the ticker BETF, quoted in US dollars. According to an official announcement, the fund…
[LIVE] Crypto News Today: Latest Updates for August 13, 2025 – Ethereum Price Rallies Past $4.6K, Polymarket Sees 65% Odds of $5K This Month
The crypto market is showing bullish signals today, with Ethereum leading the rally, up over 8% in the past 24 hours and nearing $4,700 after briefly topping $4,600. Most sectors posted strong gains, with Bitcoin holding steady around $119,000 and Layer1, Layer2, DeFi, and Meme tokens all advancing between 4% and 7%. Standout performers included…
Ethereum Surges 7% to Break $4,600, Edges Closer to All-Time High
Ether, the native asset of Ethereum, outpaced the broader crypto market on Wednesday, climbing as much as 7% to $4,624. The rally leaves the world’s second-largest digital asset just 5.4% shy of its record high set in Nov. 2021. The surge comes as demand from institutional investors and corporate treasuries accelerates. Ethereum-focused treasuries, listed entities…
Elliott Wave Forecast: S&P 500 (SPX) Targets 6639 in Final Wave 5
The Elliott Wave cycle, initiated at the April 7, 2025 low, is progressing as an impulse structure, driving the Index upward. Wave (1) reached a high of 5267.47, followed by a wave (2) pullback to 4910.42. The Index then surged in wave (3) to 6427.02, as depicted in the one-hour chart. A corrective wave (4)…
ChatGPT’s ETH Analysis Reveals Explosive Rally to $4,410 Just 9% From ATH
ChatGPT’s ETH analysis shows a powerful vertical breakout to $4,410 with an explosive +4.36% surge, bringing Ethereum within 9% of its all-time high as institutional demand explodes with $1.01 billion single-day ETF inflows. In comparison, Bitmine targets a massive $20 billion Ethereum acquisition, positioning ETH for a potential ATH breakthrough or overbought correction. ChatGPT’s ETH…
Seoul’s Gangnam District Targets Tax Evaders in Revamped Crypto Confiscation Drive
The affluent Seoul district of Gangnam is ramping up its crypto confiscation initiative for tax evaders, seizing 340 million won ($244,796) since the end of last year. The district, which is home to many of East Asia’s richest people, has joined others in cracking down on residents who fail to pay their local taxes. But…
Do Kwon Pleads Guilty to Fraud, Accepts 12-Year Sentence & $19M Fine – Is Justice Served for Terra Investors?
Terraform Labs co-founder Do Kwon has pleaded guilty to two felony counts of wire fraud and conspiracy to defraud, ending a prolonged legal standoff with U.S. prosecutors. The plea deal, entered Tuesday in the Southern District of New York, marks a sharp reversal from Kwon’s earlier not-guilty stance. Under the reported agreement, prosecutors will recommend…
Nearly 40% Funded, Meme Coin TOKEN6900 That Chooses Its Investors Nears Sellout – 14 Hours Left
At nearly 40% funded, SPX6900’s wilder cousin, TOKEN6900 (T6900), keeps cranking up its presale haul without slowing down. The playbook is simple – the same one used by meme coin legends like Dogecoin (DOGE), Pepe (PEPE), and SPX6900 itself: just be a plain old meme coin. While countless projects promise “unheard-of utility” and deliver nothing…