Financial Services

SEC Approves Generic Listing for Grayscale’s Ethereum Trust

The SEC's approval of Grayscale’s Ethereum Trust for generic listing simplifies the path for crypto ETFs, signaling market acceptance.

Robinhood’s Projected Growth Through Prediction Markets

Robinhood aims for a $16 billion increase in market cap by entering prediction markets with Kalshi, enhancing user engagement and trading volumes.

FTX Trust Files $1.15 Billion Lawsuit Against Genesis Digital Assets

FTX Trust has initiated a $1.15 billion lawsuit against Genesis Digital Assets in a bid to recover funds following its bankruptcy.

White House Contemplates Josh Sterling for CFTC Leadership Role

The White House is evaluating Josh Sterling for the CFTC chair position, enhancing oversight of futures and expanding into cryptocurrency.

Understanding the Federal Reserve's Interest Rate Outlook and Economic Challenges

Jerome Powell signals uncertainty over interest rate cuts as the Fed balances inflation risks with economic growth needs.

Understanding the Balancing Act of Employment and Inflation Risks

Employment risks are now comparable to inflation concerns, impacting the Fed's policies on maximum employment and price stability.

Smart Digital Group Enters Institutional Cryptocurrency Management with New Asset Pool

Smart Digital Group reveals plans for a cryptocurrency asset pool linked to Bitcoin and Ethereum to enhance institutional investment strategies.

Morgan Stanley Partners with Zerohash to Expand Cryptocurrency Services for E*Trade Clients

Morgan Stanley teams up with Zerohash, offering cryptocurrency services to E*Trade clients, marking a key step in digital asset access.

Spot Ethereum ETFs Experience Significant Outflows Amid Market Volatility

Spot Ethereum ETFs saw $76 million in outflows, driven by volatility and redemptions from major asset managers like BlackRock and Fidelity.

Recent Outflows in Bitcoin Spot ETFs: An Insightful Analysis

Bitcoin spot ETFs experienced $363 million in outflows recently, marking a shift in investor behavior and market dynamics.

UXLINK Token Plummets After Security Breach: What Investors Need to Know

UXLINK's token dropped over 77% after a security breach, prompting advisories against trading during the ongoing investigation.

CleanSpark Secures $100 Million Credit Facility from Coinbase Prime

CleanSpark secured a $100 million credit line from Coinbase Prime, using Bitcoin as collateral for non-dilutive financing.

Lawmakers Seek SEC Guidance on Cryptocurrency in 401(k) Plans

US lawmakers urge the SEC for clarity on Trump's order allowing cryptocurrency in 401(k) plans, potentially unlocking trillions in retirement funds.

Understanding Coinbase's New Mag7 Crypto Equity Index Futures

Coinbase introduces the Mag7 Crypto Equity Index Futures, enabling investors to blend exposure to tech stocks and crypto ETFs in a streamlined way.

Canary Capital Proposes 1.95% Management Fee for New Spot HBAR ETF

Canary Capital's new spot ETF for HBAR features a 1.95% management fee, allowing investors exposure without direct asset ownership.