Commerce Secretary Howard Lutnick introduced the Division of Commerce will start issuing GDP and different financial statistics on blockchain throughout a White House cabinet meeting on Aug. 26. Positioning the expertise as a government-wide knowledge distribution software, Lutnick advised President Donald Trump: “The Division of Commerce goes to begin issuing its statistics on the blockchain,…
XRP futures became the fastest contract in CME Group history to cross $1 billion in open interest (OI), achieving the milestone in just over three months. CME Group reported its crypto futures suite surpassed $30 billion in notional open interest for the first time, with XRP and Solana futures each crossing the $1 billion threshold….
Canary Capital filed the primary S-1 registration assertion for a TRUMP memecoin exchange-traded fund (ETF) with the SEC on Aug. 26. The “Canary Trump Coin ETF” submitting marks a departure from earlier mutual fund approaches, using Kind S-1 beneath the 1933 Securities Act relatively than the N-1A funding firm registration type utilized by rivals Tuttle…
Donald Trump Jr. joined Polymarket’s advisory board as his venture capital firm 1789 Capital made a strategic investment in the prediction market platform, according to an Aug. 26 announcement. Polymarket did not disclose the financial terms of the investment from 1789 Capital, which describes itself as dedicated to funding American exceptionalism. The announcement stated that…
Spot Bitcoin ETFs in the United States ended a difficult run of redemptions with their first day of inflows in more than a week. According to Coinperps data, the products collectively drew $219 million on Aug. 25, marking a shift in investor sentiment after six consecutive trading sessions of withdrawals. This rebound was led by…
Solana dropped to $186 in the early hours of Aug. 26, erasing 9% despite strong activity across its ecosystem. Data from Binance showed that SOLUSDT saw intraday lows around $185 before recovering toward $188-$189. SOL rallied from $180 on Aug. 21 to a local peak above $213 on Aug. 25, followed by a swift rejection….
Asset manager Bitwise has applied to launch a spot Chainlink exchange-traded fund (ETF) in the United States, according to an Aug. 26 filing with the Securities and Exchange Commission (SEC). The proposed fund, called the Bitwise Chainlink ETF, would issue shares representing fractional interests in Chainlink held by the trust. These shares are expected to…
Bitcoin’s brief dip below $110,000 in the past 24 hours triggered one of the heaviest liquidation rounds in recent times. According to Coinglass data, crypto traders betting on the market lost $811.6 million, with more than 179,000 traders forced out of positions. Speaking on this broad liquidation event, Sean Dawson, head of research at Derive.xyz,…
More companies worldwide are rushing to add digital assets to their treasuries even as the market retraces. $1.75 billion will be allocated across BNB, Solana, and Ethereum to public companies in the United States, Hong Kong, and China. China Renaissance Holdings said it will allocate about $100 million to BNB as part of a strategic…
