Grayscale to launch US XRP trust, paving way for potential ETF

Grayscale XRP Trust could potentially pave the way for an XRP ETF, subject to approval by the US Securities and Exchange Commission.

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SEC Commissioner Mark Uyeda calls agencys approach to crypto filings problematic

Tucked away in a footnote as part of a recent statement, the SEC commissioner said his agencys current approach to crypto does not aid capital formation or protect investors.

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Roaring Kitty swipes 6.6% of Chewy, clarifies he is Not a Cat

Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy.

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Hashdex files with SEC for combined spot Bitcoin and Ether ETF

If approved, the crypto ETF would be the first of its kind, but probably not the last.

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Robinhood crypto business slapped with SEC Wells notice

The SEC is planning to file an enforcement action against Robinhoods cryptocurrency business, according to the Wells notice.

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How to determine crypto cost basis for accurate tax filings

Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards.

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Fidelity reportedly amends Ether ETF S-1 filing, removes ETH staking

Fidelitys amended filing follows a U-turn from the SEC, as the regulator asked Ether ETF issuer to update their 19b-4 filings.

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Over 600 firms reveal billions in combined investment in Bitcoin ETFs

Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment.

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Insiders Say SEC Deems Blackrock’s Spot Bitcoin ETF and Other Applications as Inadequate

According to a report citing “people familiar with the matter,” the U.S. Securities and Exchange Commission has allegedly informed Nasdaq and Cboe that Blackrock’s registration for a bitcoin exchange-traded fund (ETF) and the multitude of other spot bitcoin ETF applications currently in progress are considered inadequate. SEC Reportedly Finds Flaw in the Latest Slew of [...]

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured [...]

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eToros Exciting Announcement: US IPO Filing for Trading Platform

eToro, a popular trading platform, has officially submitted paperwork for its initial public offering (IPO) in the United States. This move signifies a major step for the company as it looks to solidify its position in the market and expand its reach to a wider audience of investors. The IPO filing was made public, revealing [...]

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Hashdex Enhances S-1 Filing for Crypto Index ETF with Addition of Seven Altcoins

Hashdex, a Brazilian asset manager, has made changes to its S1 Crypto Index ETF, adding seven new altcoins to the portfolio. This move aims to provide investors with more diversified exposure to the cryptocurrency market. The seven new altcoins included in the ETF are Aave (AAVE), Compound (COMP), Curve (CRV), Maker (MKR), SushiSwap (SUSHI), Synthetix [...]

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REX-Osprey Takes Action by Filing for MOVE ETF

The cryptocurrency investment firm REX Osprey has recently submitted an application with the U.S. Securities and Exchange Commission (SEC) for its Move ETF. This exchange-traded fund (ETF) aims to provide investors with exposure to major cryptos while minimizing risk through dynamic asset allocation. REX Osprey’s Move ETF is designed to track the performance of a [...]

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

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Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations

Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis Refute SEC’s Claims of Unregistered Securities, File Motion to [...]

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Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

Crypto fund manager Grayscale is urging the Securities and Exchange Commission (SEC) to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage. A July 27 post by Grayscale chief legal officer Craig Salm said its legal team submitted a letter regarding eight spot Bitcoin ETF [...]

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Voyager's $1B sale to Binance.US put on hold by US court

A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.

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FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme

According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without undergoing any due diligence, and FTX did not obtain “equivalent [...]

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SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, [...]

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‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss

With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.”

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