Author: Admin-aX9d7
The US Securities and Exchange Commission (SEC) has delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot’s native token, regulatory filings show. According to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb. 24. Grayscale’s ETF filing adds to a roster of roughly 70 proposed ETFs awaiting SEC approval, including funds holding altcoins, memecoins, and crypto-related financial derivatives, according to Bloomberg Intelligence. Asset managers are pitching ETFs for “[e]verything from XRP, Litecoin and Solana…
Asia has surpassed North America as the leading hub for crypto developers, according to a report from Electric Capital.Maria Shen, partner at Electric Capital, pointed out that Asia has steadily increased its share of global crypto developers, climbing from 13% to 32% since 2015. In contrast, North America’s share dropped from 44% to 25% over the same period.Blockchain Developers (Source: Electric Capital)However, Shen noted that while North America’s influence on the global stage has lessened, the United States still leads among individual countries regarding crypto developer presence.US crypto talentsThe Electric Capital’s report highlighted that the United States accounts for 18.8%…
STX, the native token of Bitcoin layer-2 protocol Stacks, has surged 56% in seven days to become the week’s best-performing of the 100 biggest cryptocurrencies amid hopes for institutional adoption.The token hit a two-month high of 92 cents on Friday after gaining more than 21% in the past 24 hours to become the day’s biggest advancer, according to CoinDesk data. Stacks is the world’s leading layer 2 for running smart contracts and decentralized applications on the Bitcoin blockchain. On Tuesday, BitGo, the digital asset custody and infrastructure provider and a backer of the wrapped bitcoin (WBTC) token, opened the door…
This is a segment from The Drop newsletter. To read full editions, subscribe. A day after I reported that Immutable’s about to drop some news about its game with Ubisoft, a press release has been published announcing the upcoming game. The game will be an installment in the fantasy Might and Magic franchise called Might & Magic: Fates. It’ll be a trading card game (TCG), which also confirms what I reported yesterday. Might and Magic is a series of retro roleplay games (RPGs) from New World Computing and 3DO that first released all the way back in 1986. Ubisoft bought…
XRP is currently priced at $2.19 with a market capitalization of $128.16 billion. Over the past 24 hours, the token has seen a trading volume of $2.41 billion and an intraday price range between $2.18 and $2.24, reflecting a market poised for its next major move. XRP The one-hour chart for XRP on April 26, […]
It’s been weeks of mixed messages from the White House. Even as the administration flip-flops on tariff policies, one thing has remained consistent: Investors are acting on the slightest hint of good news. Yesterday afternoon I wrote that markets were trading on a dream. I was talking about the rally we saw after US Treasury Secretary Scott Bessent reportedly said in a private meeting that the trade war with China is “unsustainable.” That was nothing compared to the after-hours surge we saw later on Tuesday. The main catalyst was a comment from President Trump. He told reporters yesterday afternoon that…
ARK Invest raised its decade-end bitcoin (BTC) price target to as high as $2.4 million apiece after revising its assumptions on active supply, which excludes lost or long-held coins. The largest cryptocurrency by market value was recently trading around $94,000.The bull-projection figure, 60% more than its January 2024 estimate, reflects a 72% compound annual growth rate (CAGR) from last December through the end of 2030. The base case estimates a BTC price of $1.2 million — a 53% CAGR — while the bear case projects $500,000, equating to a 32% CAGR. David Puell, an analyst at the Cathie Wood-led investment…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Bitcoin’s rise to a level not seen in more than a month has many wondering when its price will get back to six digits — and what exactly it will take. Maybe not as much as you’d think. Bitcoin was trading around $93,700 at 1:30 pm ET — up 12% from a week ago. The crypto market benefits from a foundation of “long-term structural growth drivers,” YouHodler markets chief Ruslan Lienkha reminded me — namely deeper integration with TradFi, improving regulatory clarity in the US, adoption…
Opinion by: Raullen Chai, co-founder and CEO of IoTeXThe United States and other superpowers are on the brink of a financial evolution. With President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve (SBR) and a US Digital Asset Stockpile (DAS), the conversation around digital assets in government reserves is gaining momentum. Countries like Czechia have also followed suit with their sovereign digital asset reserve plans. While Bitcoin (BTC) and select altcoins are being considered, the discussion remains incomplete without including decentralized physical infrastructure network (DePIN) tokens.DePIN represents a new paradigm in infrastructure development, where communities, not corporations, build…
A long time bitcoin hater Peter Schiff seems to finally have a change of heart as he announced to drop an NFT collection on the Bitcoin network. One of Bitcoin’s most vocal skeptics who has spent the last decade trying to convince Bitcoiners that BTC is worthless is bullish on Ordinals. Economist and an adamant gold proponent unveiled a collaborative nonfungible token (NFT) art collection on Bitcoin that will soon go up for auction. Schiff’s announcement shocked the crypto community with his announcement to say the least. Crypto Community Reacts To Peter Schiff’s Announcement Cryptp Twitter expressed shock and confusion…