Category: Reviews

BitGo files S-1 for potential IPO

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Key Takeaways BitGo has filed an S-1 registration with the SEC for a possible initial public offering (IPO). The company specializes in digital asset custody, focusing on institutions and stablecoins. Share this article BitGo, a digital asset custody and security firm, today filed an S-1 registration statement with the Securities and Exchange Commission for a potential initial public offering. The filing represents a significant step toward public markets for the institutional-focused crypto company, which specializes in custody services for cryptocurrencies and stablecoins. Share this article Source link

Enosys introduces XRP-backed stablecoin protocol using Liquity V2 fork

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Key Takeaways Enosys launched an XRP-backed stablecoin protocol on the Flare blockchain using a fork of Liquity V2, enabling users to mint stablecoins by depositing FXRP. Flare is a layer-1 blockchain integrating smart contracts and decentralized data oracles, supporting the DeFi ecosystem for payment tokens like XRP. Share this article Enosys announced the upcoming launch of a new product called Enosys Loans, described as the first collateralized debt position protocol to leverage XRP as collateral for minting a stablecoin. The platform will operate on Flare, a layer-1 blockchain network that…

FTX to distribute $1.6B to creditors on September 30

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Key Takeaways FTX will distribute $1.6 billion to creditors on September 30, 2025. This payment is part of ongoing bankruptcy proceedings after FTX’s collapse in November 2022. Share this article FTX, the cryptocurrency exchange that collapsed in November 2022, will distribute $1.6 billion to creditors on September 30. The payment represents part of ongoing bankruptcy proceedings following FTX’s failure amid fraud allegations against founder Sam Bankman-Fried. The exchange’s collapse left over $8 billion in customer funds initially unaccounted for. Share this article Source link

Fidelity Ethereum ETF purchases 34,740 Ethereum worth $159.4M

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Key Takeaways Fidelity Investments purchased 34,740 ETH (~$159.4M) for its spot Ethereum ETF. Institutional demand for Ethereum exposure via regulated investment vehicles remains strong. Share this article Fidelity Investments, a major U.S. asset management firm, purchased 34,740 Ethereum tokens valued at $159.4 million for its spot ETF on Thursday. The acquisition reflects continued institutional demand for Ethereum exposure through regulated investment products. Spot Ethereum ETFs launched in mid-2024 following regulatory approval. Ethereum ETFs saw cumulative inflows exceeding $1 billion in their first few months after launch in 2024, reflecting growing…

Trust Wallet’s TWT token jumps over 40% on Binance co-founder’s statement

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Key Takeaways Trust Wallet’s TWT token spiked over 40% following Binance co-founder CZ’s remarks about its expanding utility. Trust Wallet recently unveiled a new strategy including loyalty rewards and ecosystem incentives to boost TWT’s role and user growth. Share this article Trust Wallet’s TWT, the governance and utility token of the Trust Wallet ecosystem, climbed over 40% after Binance co-founder Changpeng “CZ” Zhao spoke about its evolution and growing use cases. “TWT token started as an experiment. The FDV got too high quickly. They burned 99% of the supply, but…

Nvidia invests $5B and emerges as key customer for Intel server CPUs

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Key Takeaways Nvidia announced a $5B investment in Intel while becoming a major server CPU customer. The partnership expands on 2024’s CPU-GPU collaboration to meet growing AI infrastructure demand. Share this article Nvidia has emerged as a significant customer for Intel’s server CPUs and announced plans to invest $5 billion in the company, marking a strategic shift in the chip industry’s supply chain dynamics. The partnership builds on a multi-year collaboration announced in 2024 to co-develop integrated CPU-GPU solutions for data centers and PCs, including custom x86 processors from Intel…

Grayscale’s Digital Large Cap Fund approved for trading with new listing standards

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Key Takeaways Grayscale Digital Large Cap Fund (GDLC) has been approved for trading with new listing standards. GDLC becomes the first multi-crypto exchange-traded product (ETP) to include Bitcoin, Ethereum, XRP, Solana, and Cardano. Share this article Grayscale Digital Large Cap Fund was approved for trading today with new generic listing standards. The fund will become the first multi-crypto asset exchange-traded product to include Bitcoin, Ethereum, XRP, Solana, and Cardano. The Grayscale team is “working expeditiously to bring the *FIRST* multi crypto asset ETP to market,” according to Peter Mintzberg. The…

CME to launch Solana and XRP futures options on October 13, 2025

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Key Takeaways CME Group will launch futures options for Solana (SOL) and XRP. The launch date is set for October 13, 2025. Share this article CME Group will launch futures options for Solana and XRP on October 13, 2025. The Chicago-based derivatives exchange will add the new crypto derivatives products to its existing digital asset offerings. The launch will provide institutional and retail traders with additional tools to hedge positions and speculate on price movements for both digital assets. The futures options will be based on CME’s existing Solana and…

Trump seeks to allow 401(k) investments in private equity and crypto amid legal challenges

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Key Takeaways President Trump proposes allowing 401(k) retirement accounts to invest in alternative assets like private equity and cryptocurrencies. Current regulations limit 401(k) investments mainly to stocks and bonds; the proposal would expand these options. Share this article President Trump wants to enable 401(k) investments in alternative assets including private equity and crypto, but legal challenges pose obstacles to the initiative. The plan would clear regulatory pathways for retirement account holders to allocate funds into these non-traditional investment vehicles, expanding beyond the typical stock and bond options currently available in…

Michael Saylor and Marathon Digital CEO will join Capitol Hill roundtable on national Bitcoin strategy

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Key Takeaways Industry leaders, including Michael Saylor and Fred Thiel, will attend a Capitol Hill roundtable to support the BITCOIN Act. The BITCOIN Act, reintroduced by Sen. Cynthia Lummis, proposes the US government acquire 1 million Bitcoin over five years. Share this article Strategy co-founder Michael Saylor, Marathon Digital CEO Fred Thiel, and other industry leaders will attend a Capitol Hill roundtable on Tuesday to advocate for the BITCOIN Act. The bill, reintroduced by Sen. Cynthia Lummis in March, proposes the US acquire 1 million Bitcoin over five years through…