The European Central Bank (ECB) is reportedly gaining traction in its pursuit of a ban on multi-issuance stablecoins throughout the European Union (EU). This transfer is available in mild of suggestions from the European Systemic Risk Board (ESRB), which is tasked with safeguarding Europe’s monetary integrity. Multi-Issuance Stablecoins Under Fire Last week, the ESRB permitted…
The SEC issued a no-action letter on Sept. 30, permitting funding advisers to use state-chartered belief firms as certified custodians for crypto property, opening the door for Ripple, Coinbase, and different digital asset corporations to serve registered funds. The staff guidance clarifies the definition of “financial institution” under the Investment Advisers Act of 1940 and…
The success of spot Bitcoin (BTC) exchange-traded funds (ETFs) and main BTC treasury firms marked one other step within the institutional adoption of crypto. US-traded spot Bitcoin ETFs captured $518 million on Sept. 29 and have collected $57.3 billion in web flows since their launch in January 2024, in accordance with Farside Investors data. BlackRock’s…
Solana spot ETF approvals might come as quickly as next week, with a timeline of Oct. 6-10 representing a practical expectation for the SEC’s approval. As Blockworks reported on Sept. 30, sources at three separate issuers stated that the optimism follows the SEC’s adoption of generic listing standards for crypto exchange-traded merchandise, which eradicated the…
Strategy raised the annual dividend rate on its Variable Rate Series A Perpetual Stretch (STRC) Preferred Stock from 10% to 10.25%, efficient Oct. 1. The firm disclosed the change in a Sept. 30 SEC filing, additionally declaring a cash dividend of $0.854166667 per share on STRC, payable Oct. 31 to stockholders of document as of…
Starknet has launched a brand new characteristic that permits Bitcoin holders to stake their belongings on its Ethereum-based Layer 2 community. Announced on Sept. 30, the replace marks what the crew calls the primary trustless methodology of staking BTC past its authentic blockchain. Through this system, individuals can delegate tokenized variations of Bitcoin, earn staking rewards, and contribute to…
The largest Bitcoin ETF on the earth has simply revamped its course of for transferring cash in and out of the fund. BlackRock’s IBIT, which has accrued greater than $20 billion since launch, can now course of creations and redemptions “in sort.” The SEC’s approval order quietly flipped the change: IBIT’s approved members can now…
BlackRock has confirmed that its Canadian arm has granted securities lending for the iShares Bitcoin ETF from Aug. 25 after offering traders with the required 60-day discover. The transfer follows disclosure within the June 26 prospectus, which outlined how the fund might have interaction in lending transactions in accordance with Canadian securities legal guidelines. The…
AsiaTechnique appointed Anchorage Digital for custody and settlement of its Bitcoin treasury operations and purchased 30 BTC on Sept. 30. Per AsiaTechnique, the mandate covers cross-border workflows within the United States and Asia, with Anchorage Digital serving as major custodian and infrastructure supplier for treasury execution and settlement throughout the hall. According to Anchorage Digital,…
US-listed spot Bitcoin and Ethereum exchange-traded funds (ETFs) drew greater than $1 billion in internet inflows on Sept. 29, signaling renewed investor confidence after weeks of heavy outflows. The sharp turnaround additionally got here because the broader crypto market sentiment improved and costs staged a notable rebound. Bitcoin and Ethereum ETFs outflows Data from SoSoValue…