DTCC Adds Five Spot XRP ETFs to Pre-Launch List
Back to News The Depository Trust and Clearing Corporation (DTCC) has formally categorized five spot XRP exchange-traded funds (ETFs) as “active and pre-launch” funds, infusing the sentiment with the bright new hope of a November unfolding. This step has elevated the sentiment of the clientele of the market significantly, who cannot help but think that […]
Bitcoin, Ethereum Rally as US Senate Moves to End Shutdown
Back to News Bitcoin and Ethereum, along with other top cryptocurrencies, saw their values shoot up on Sunday after the U.S. Senate approved a crucial spending bill that could put an end to the 40-day government shutdown. The news revived investors’ appetite for risk across global markets, which in turn drove up the price of […]
Ledger Weighs New York IPO or Fundraise Amid Rising Demand
Back to News Ledger, a hardware wallet manufacturer, is considering a public listing on the New York Stock Exchange or a private fundraising round next year, as per CEO Pascal Gauthier in his interview with the Financial Times. The decision aligns with the Paris-based firm’s meteoric rise and is the outcome of the most successful […]
Elixir Winds Down deUSD Stablecoin After Stream Finance Fallout
Back to News Following the financial chaos resulting from Stream Finance’s unwinding earlier this week, Elixir has decided to discontinue its synthetic stablecoin, deUSD. The protocol announced that nearly 80% of the deUSD holders have already been completely redeemed, and the rest of the users will be receiving their redemptions in USDC once a claims […]
Block Reports Nearly $2 Billion in Bitcoin Revenue for Q3
Back to News Jack Dorsey’s fintech powerhouse Block, Inc. (ticker: XYZ) achieved a third-quarter bitcoin revenue of almost $2 billion, which was one of the main reasons for the company’s total revenue of nearly three billion dollars. The company revealed the data in its quarterly report submitted to the U.S. Securities and Exchange Commission (SEC) […]
Japan’s FSA Endorses Joint Stablecoin Project by Major Banks
Back to News Japan’s Financial Services Agency (FSA) has officially given the green light to a stablecoin pilot project, which is a collaboration among the three biggest banks of the country — Mizuho Bank, MUFG, and SMBC — and it is a major milestone for Japan’s digital payments innovation. The move is a clear indication […]
Robot Ventures Leads $5.2 Million Seed Round for Sprinter
Back to News Robot Ventures has been the major lead in a $5.2 million seed funding round for Sprinter, a cross-chain ‘solving-as-a-service’ infrastructure startup by ex-Ethereum veterans. The round got the additional funding from A Capital, Atka Capital, Bond St Ventures, Topology, and Uniswap Labs Ventures, along with the angel investors from the Web3 community. […]
Robinhood’s Q3 Trading Revenue Soars 129% Year-over-Year
Back to News U.S.-based brokerage Robinhood (HOOD), has reported a significant increase in its trading revenue for the third quarter. The company announced that the trading revenue had increased by 129% compared to the same period last year and reached $730 million. As a result of this, the firm’s total revenue reached $1.27 billion, which […]
Franklin Templeton Launches Hong Kong’s First Tokenized Fund
Back to News Franklin Templeton introduced Hong Kong’s first tokenized money-market fund, a move that symbolizes a major change in the city’s digital finance landscape. The launch of the fund goes hand in hand with the fintech strategy “Fintech 2030” of the Hong Kong Monetary Authority (HKMA) that aims to implement AI and blockchain into […]
Mastercard, Ripple, and Gemini to Pilot XRPL Stablecoin Settlements
Back to News In an effort to revolutionize payment with blockchain technology, Mastercard is cooperating with Ripple and Gemini to investigate the application of RLUSD stablecoins on the XRP Ledger (XRPL) for fiat card transactions. The experiment, which was made public on Wednesday, intends to demonstrate the use of regulated stablecoins on a public blockchain […]
Bitwise and Grayscale Unveil Fees for XRP and Dogecoin ETFs
Back to News In a bid to follow through with their plans to launch a product that may not necessarily need the approval of the U.S. Securities and Exchange Commission (SEC), both Bitwise and Grayscale have revealed the management fees for their proposed exchange-traded funds (ETFs) tracking XRP and Dogecoin. Over the weekend, Bitwise announced […]
Strategy Announces Euro STRE Share Offering for Bitcoin Buys
Back to News Strategy, the world’s largest digital asset treasury company, has made the first move to offer 3.5 million shares of its euro-denominated perpetual preferred stock, STRE, to fund future bitcoin acquisitions and other corporate activities. On Monday, the company confirmed the plan in a press release, stating that the offering is subject to […]
