On Tuesday, the SEC approved orders to permit in-kind creations and redemptions by authorized participants for crypto asset ETFs. The orders approved “reflect a departure from recently approved spot Bitcoin and Ether ETPs, which were limited to creations and redemptions on an in-cash basis,” the Commission stated. With today’s approval orders, crypto ETFs will be…
India’s largest crypto exchange, CoinDCX, is at the center of acquisition rumors from major crypto exchange Coinbase, but CEO Sumit Gupta has made one thing crystal clear: the company is not for sale. His public statement on social platform X comes in the wake of speculation that U.S.-based Coinbase is seeking to buy the Indian…
TL;DR Whales have purchased nearly $850 million worth of ETH in just two days. Other bullish signals for the cryptocurrency include the declining supply of tokens on exchanges and the solid interest in spot Ethereum ETFs. The Largest Whales on the Move Despite not posting any major gains in the past 24 hours, Ethereum (ETH)…
A group of top Senate Democrats is raising alarms over a move that could bring cryptocurrency deeper into the US mortgage system. The group is challenging a new directive by Federal Housing Finance Agency (FHFA) Director William Pulte, who wants to allow unconverted digital assets to count in mortgage underwriting decisions. According to a letter…
The flagship product will enable customers to make advanced purchases of cryptocurrency in markets with lower volatility. There will be several possible scenarios for placing orders, all of which are supposed to work in the user’s favor. Pre-Order Your Crypto In a press release shared with CryptoPotato, Binance, the company behind one of the largest…
CoinDCX CEO Sumit Gupta has refuted rumors of a potential $900 million purchase of the platform by Coinbase. The development follows a $44 million crypto hack that affected the Indian exchange two weeks ago. $900M Coinbase Deal On Monday, an Indian news outlet reported that Coinbase was in “advanced discussions” to acquire CoinDCX. Citing two…
RAKBANK (National Bank of Ras Al Khaimah), one of the UAE’s leading commercial banks, has announced plans to launch a new crypto brokerage service—shocking the industry and signaling a major step forward in the integration of traditional finance (TradFi) with the digital asset space. This bold move positions RAKBANK alongside a growing list of institutions…
TL;DR PENGU rejected at $0.043, but the daily chart structure remains bullish above short-term support. Whale activity increases on Upbit as traders shift from Dogecoin to Pudgy Penguins positions. Momentum shows early signs of fading as MACD flattens, with $0.038 key for trend support. Price Pulls Back From Resistance Pudgy Penguins (PENGU) was trading at…
The US Securities and Exchange Commission has acknowledged BlackRock’s filing about allowing investors in its flagship Ethereum ETF to stake their assets. Although this development doesn’t guarantee an official approval of the filing, it’s still a big step in the right direction. NEW: U.S. SEC ACKNOWLEDGES BLACKROCK’S FILING TO ALLOW STAKING IN ITS SPOT $ETH…
TL;DR XRP whales move over 80M tokens off exchanges, signaling long-term holding behavior. $845M in single-day losses follows co-founder’s $140M sell-off amid price pressure. RSI cools from an overbought zone, indicating that XRP may be stabilizing after the recent price drop. Exchange Supply Drops Sharply Between July 23 and July 26, the amount of XRP…