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Tag: News

REX-Osprey Set to Launch First U.S. Spot XRP ETF This Week

REX-Osprey Set to Launch First U.S. Spot XRP ETF This Week Under ’40 Act Framework

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REX Shares and Osprey Funds will launch the XRPR ETF on Thursday, marking the first spot XRP product in the U.S. The ETF uses a Cayman Islands subsidiary and an ETF-of-ETFs model to hold XRP directly while investing in related funds, registered under the Investment Company Act of 1940. This launch follows a similar approach to the firms’ Solana staking ETF and comes amid pending approvals for other altcoin ETFs. Investment...

Cryptocurrencies, Front page, News

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Galaxy Digital Acquires 0 Million in SOL to Fuel Forward Industries' Treasury Strategy

Galaxy Digital Acquires $300 Million in SOL to Fuel Forward Industries’ Treasury Strategy

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On-chain data shows Galaxy Digital executing 13 transactions to acquire approximately 1.24 million SOL tokens, valued at $300 million, from major exchanges including Binance, Coinbase, and Bybit in the past 24 hours. The firm then transferred the assets to custody wallets on Fireblocks, signaling a strategic accumulation. This latest move extends a broader buying spree, with Galaxy amassing around 6.5 million SOL over the past five days...

Cryptocurrencies, Front page, News, Solana

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Bitcoin Surges Past $116K on Sticky Inflation and Weakening Jobs Data

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Bitcoin (BTC) pushed past $116,000 on Friday, marking a roughly 4% gain over the past week amid mixed U.S. economic signals. The cryptocurrency approached a key CME futures gap near $117,300, with spot prices hitting $116,800 on exchanges like Bitstamp. Headline consumer price index (CPI) data released Thursday showed a 0.4% month-over-month increase, surpassing the 0.3% forecast and underscoring persistent inflationary pressures....

Breaking, News

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Bitcoin Reclaims 5,000 as Traders Parse Fed Rate Cut Clues

Bitcoin Reclaims $115,000 as Traders Parse Fed Rate Cut Clues

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Bitcoin climbed 1.5% to surpass $115,000, touching a high of $116,317 amid macro optimism. U.S. CPI data softened, boosting bets on Federal Reserve rate cuts and lifting crypto sentiment. BTC ETF inflows reached $552.7 million yesterday, signaling sustained institutional interest. Bitcoin (BTC) pushed past $115,000 on Friday, gaining 1.5% over the past 24 hours to trade at $115,255 as of 11 a.m. ET. The rally follows...

Bitcoin, Cryptocurrencies, Front page, News, Regulation

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SEC Declares Most Crypto Tokens Non-Securities, Launches Project Crypto for Regulatory Modernization

SEC Chair Atkins Declares Most Crypto Tokens Non-Securities, Launches Project Crypto for Regulatory Modernization

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SEC shift: Chair Paul Atkins affirms that most crypto tokens do not qualify as securities, providing long-awaited clarity to the industry. Project Crypto unveiled: The initiative aims to update securities regulations to support blockchain-based financial activities. Super-app vision: Platforms could integrate trading, lending, staking, and custody services under a unified framework. The U.S. Securities and Exchange...

Cryptocurrencies, Front page, News, Regulation

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