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Hashdex has withdrawn its Ethereum ETF application

Hashdex withdraws ether ETF application after SEC approval of similar products. Hashdex’s Ethereum ETF application combined spot Ether with futures contracts. The withdrawal decision raises questions amid evolving regulatory landscape and market dynamics. According to documents filed with the U.S. SEC, Hashdex officially pulled its application for the Hashdex Nasdaq Ethereum ETF on May 24. […]

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BlackRock’s ETF Overtakes Grayscale, Becomes Top Global Bitcoin Fund With $20B In Assets

In a significant development for the cryptocurrency market, BlackRock’s iShares Bitcoin Trust has become the largest fund dedicated to Bitcoin, accumulating nearly $20 billion in total assets since its US listing earlier this year.  Bloomberg data reveals that as of Tuesday, the exchange-traded fund held $19.68 billion worth of Bitcoin, surpassing Grayscale Bitcoin Trust’s (GBTC) […]

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Solana Lands Deal with PayPal to Support PYUSD

PayPal has announced that its stablecoin, PayPal USD (PYUSD), is now supported on the Solana blockchain. This integration leverages Solana’s high-speed, low-cost transaction capabilities, enhancing PYUSD’s usability in various financial applications. PayPal’s PYUSD is Now Available on Solana Blockchain Solana’s superior transaction speed and lower fees made it an attractive addition to PayPal. According to […]

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Analyst Expects Altcoin Season as Crypto Whale Invests Millions

A prominent cryptocurrency analyst, Cyclop, has declared the beginning of an impending altcoin season, predicting significant gains for savvy investors. He advises that this could be a period of immense profitability, with certain altcoins poised to deliver substantial returns. The announcement coincides with notable activity from a crypto whale, who recently invested millions in altcoins, […]

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Bitfarms rejects Riot’s unsolicited acquisition offer

Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. Bitfarms’ Special Committee of Independent Directors reviewed the offer […]