Author: Kryptonews

The U.S. Securities and Exchange Commission approved a change to how companies can list and trade shares of exchange-traded funds, which should streamline the process for new products moving forward.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeA majority of commissioners at the U.S. Securities and Exchange Commission voted to streamline the process by which companies could list and trade shares of spot crypto exchange-traded funds (ETFs), as well as other types of ETFs, through the approval of a generic listing standard.Why it mattersFor…

Bitmine, the crypto firm led by Wall Street veteran Tom Lee, has expanded its Ethereum treasury once again, purchasing another $69 million worth of ETH through Galaxy Digital’s over-the-counter (OTC) desk. The latest acquisition brings Bitmine’s holdings to roughly 1.95 million ETH, valued at $8.66 billion, according to Arkham data.Blockchain transaction records show a series of large transfers carried out between Galaxy Digital and Bitmine in recent hours. TOM LEE IS BUYING EVEN MORE $ETHTom Lee’s Bitmine just bought another $69M of ETH from Galaxy Digital. They now hold $8.66 BILLION of ETH.$BMNR is bullish on $ETH. pic.twitter.com/t9BWh9btPR— Arkham (@arkham)…

During the pandemic, the National Gallery of Art (NGA) in Washington, D.C., investigated four paintings attributed to Johannes Vermeer. During that time, it was discovered that the underpainting below the surface of one of those paintings, Girl with the Red Hat (ca.1664–69), was a portrait of a man. The museum’s conservation studio used advanced imaging techniques to virtually penetrate layers of paint in combination with a microscopic examination of the paintings’ surfaces to analyze Vermeer’s process. This earlier research suggested that the male figure, painting in uncharacteristically loose brushstrokes, was the work of an unidentified artist. Related Articles Further studies, however, indicate…

The Royal Canadian Mounted Police (RCMP) Federal Policing – Eastern Region has announced the largest cryptocurrency seizure in Canadian history, after seizing more than 56 million Canadian dollars (approximately $40 million) from the platform TradeOgre. The operation was carried out by investigators specializing in financial crime, cybercrime, and cryptocurrencies. It is also the first time Canadian law enforcement has dismantled a cryptocurrency exchange. Historic Crypto Bust In the latest press release, the RCMP said that the case was initiated in June 2024 after a Europol tip led the Money Laundering Investigative Team (MLIT) to probe the platform’s activities. Authorities discovered…

Key Takeaways xAI, Elon Musk’s AI startup, has raised $10 billion at a $200 billion valuation according to CNBC. This represents a dramatic increase from its May 2024 valuation of $45 billion after a $6 billion Series B round. Share this article xAI, the AI startup founded by Elon Musk in 2023 to develop advanced artificial intelligence systems, including the Grok chatbot, has raised $10 billion at a valuation of $200 billion today, according to CNBC.The funding round represents a dramatic escalation in the company’s valuation trajectory. In December 2024, the startup secured $6 billion in a Series B round…

YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao and Yi He, which was rebranded from Binance Labs, has expanded its position in Ethena Labs, the protocol behind USDe, which has become the third-largest U.S. dollar-denominated crypto asset with more than $13 billion in circulation.The investment comes as Ethena enters a new stage of growth, which includes extending its footprint on BNB Chain. This includes rolling out products designed to bridge crypto and traditional finance, such as USDtb, a fiat-backed stablecoin in development, and Converge, an institutional settlement layer being built with Securitize and partners connected to…

Brian Armstrong, a co-founder and the CEO of Coinbase (COIN), said in an interview on Friday that Coinbase’s long-term goal is to be a financial “super app,” offering crypto alongside a broad range of financial services beyond traditional banking.Armstrong, speaking on Fox Business’ “The Claman Countdown,” told Liz Claman that momentum in Congress is the strongest he has seen, with lawmakers from both parties advancing frameworks for the industry. A move that boosts Coinbase’s momentum towards building the super app. He explained how his company wants to approach the buildout during the interview. Coinbase intends to integrate services people typically…

Ethereum just can’t shake its volatility. Every rally looks strong until the next pullback, and talk of an Ethereum (ETH) price drop keeps creeping back in. Solana shows speed and ecosystem growth, but questions around sustainability make the Solana (SOL) price potential look more like a waiting game than a sure bet. So the question is simple: why chase uncertainty when a project is actually following a clear plan?BlockDAG is building step by step, and that’s what makes it stand out as the best crypto investment right now. From raising nearly $410M in presale to deploying 3M mobile miners and…

Since its inception, XXKK Exchange has slowly but surely joined the league of leading and reputable cryptocurrency exchanges. From transparency to security and compliance, the platform continues to provide high-liquidity, low-cost crypto trading. Our XXKK review dissects the platform to help you decide if it’s a good fit for you.XXKK at a GlanceNameXXKK ExchangeYear Founded2022HeadquartersRegistered in the United States, St. Vincent and GrenadinesFinancial ProductsSpot trading, futures trading, options trading, leveraged tradingKYC verificationYesCustomer support24/7 support, educational materialsWhat is XXKK?XXKK is an emerging cryptocurrency exchange that was recently listed on CoinMarketCap as a trading platform. The listing marks a significant milestone, demonstrating…

Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality.Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is currently 80 bytes in size, and ignoring the significant pushback from the Bitcoin community and node runners. He also said:“The idea that spam is difficult to define, and because of this ambiguity, we shouldn’t be making any distinctions at all in the software, is a time-wasting…