Crypto News

- Want to Support Ethereum and Earn ETH Yield? Get in Line Amid strong ETF inflows in recent weeks and growing institutional interest in ETH treasuries, Ethereum’s validator entry queue hit its highest level in two years on Tuesday. There are currently 860,000 ETH, worth around $3.7 billion at today’s values, waiting in line, according to validator Everstake. Processing existing queues will likely take around 14 days, as no more than 1,800 validators can exit daily and only 900 can enter, Illia Otychenko, lead analyst at CEX.IO, told Decrypt. Everstake called the results “pretty striking,” as it hasn't seen queues of this size since September 2023 after the Shanghai upgrade earlier that year enabled ETH stakers to withdraw their...

- DeFi Protocol Ondo Finance Puts 100 Tokenized Stocks on Ethereum Ondo Finance, a decentralized finance-focused asset manager and tech firm, has rolled out tokenized versions of more than 100 U.S.-listed stocks, ETFs, and other equities on Ethereum. However, the offering, called Ondo Global Finance, is only available for non-U.S. investors, according to an announcement from the company. “Ondo tokenized stocks are fully backed and secured by U.S. stocks and ETFs held at one or more U.S.-registered broker-dealers and cash in transit,” the company said. The blog post itself isn’t accessible to users in the U.S. without a VPN to bypass geofencing. Ondo Finance is an Ethereum DeFi project that’s focused on the tokenization space...

- President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law on July 18, enacting one of the first major pieces of cryptocurrency legislation in America. While the law pertains only to stablecoins (a cryptocurrency with stable valuation attached to reliable assets like gold or the U.S. dollar), it is a major step forward for the government regulation of cryptocurrency in the United States. Crypto Regulations: America vs. Europe It was also a significant move forward for the U.S. to catch up with other world governments that have more concretized regulatory frameworks for crypto markets. The European Union (EU), for instance, enacted the Markets in Crypto-Assets (MiCA)...

- Polymarket returns to US after CFTC clears regulatory hurdles The U.S. Commodity Futures Trading Commission on Wednesday approved Polymarket, the world's largest prediction market, to relaunch in the United States, more than three years after its exit. The decision comes amid a debate in the financial sector, with some experts highlighting prediction markets as superior to traditional polls, while others argue that these markets are little more than "digital casinos." Polymarket allows users to profit from predictions on a wide range of events, including sports, entertainment, politics, and the economy. Since the U.S. presidential election last year, trading in such event contracts has surged in popularity. The regulatory body's...

- Eric Trump’s Wealth Soars on $600 Million American Bitcoin Stake Eric Trump’s stake in a crypto company created this year is now worth more than $600 million, in one of the most striking examples of how the first family is profiting from the digital-asset industry. Trump’s second-oldest son owns about 7.5% of American Bitcoin Corp. The company, formed with little more than another firm’s technology and a flurry of paperwork, began trading on the Nasdaq exchange on Wednesday. Shares of American Bitcoin traded at $9.73 at 12:48 p.m. in New York, after more than doubling earlier in the session. The company says it will accumulate Bitcoin using machinery in New York, Alberta, and Texas, provided by another crypto company called Hut 8...

- Polymarket Gets Green Light to Operate Prediction Markets in US, CEO Says Polymarket has received a green light from the CFTC to resume operations in the United States, the company’s CEO said Wednesday, years after the blockchain-based prediction market was fined and pushed offshore for an alleged failure to comply with existing regulations. The CFTC announced in a statement today that it would not pursue enforcement actions against QCX, a regulated derivatives exchange that Polymarket acquired in July, exempting it from certain recordkeeping and data reporting requirements. The no-action letter effectively cleared Polymarket to operate in the United States under QCX’s license, Polymarket CEO Shayne Coplan said within minutes of...

- The Trump family continues to delve deeper into the cryptocurrency sector. This week has already provided two new instances: A bitcoin mining company associated with Eric Trump and Donald Trump Jr., American Bitcoin, was listed on the Nasdaq exchange using the ticker "ABTC." This follows their venture World Liberty Financial, which went live with billions of its associated token, WLFI, now trading in secondary markets. American Bitcoin, majority owned by Hut 8, merged with Gryphon Digital Mining and rebranded with a new ticker. The firm aims to be "the world's largest, most efficient pure-play Bitcoin miner." Shares traded around $10 on Wednesday afternoon, valuing the company at approximately $9 billion. World Liberty Financial's...

- US Bank Restarts Bitcoin Custody Service After Years-Long Pause Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the service for years due to regulatory uncertainty. The bank said Wednesday that it would offer Bitcoin custody, including support for exchange-traded funds based on the asset, for institutional investment managers with registered or private funds. U.S. Bank in 2021 said it was offering custody for the leading cryptocurrency as well as Litecoin, Bitcoin Cash, Ethereum, and altcoins "over time," but stopped the service in 2022 after the Securities and Exchange Commission Staff Accounting Bulletin (SAB) No. 121 bill prevented banks from custodying digital assets. In January...

- Key Points In markets, the best time to buy an asset is often when a structural trend is early, the infrastructure is ready, and the first real money starts to flow. That is the setup for Solana (CRYPTO: SOL) today. Tokenizing real-world assets is a megatrend that's moving from slide decks to live systems, and this coin is going to benefit significantly. Here's why that means it's nowhere near too late to buy it. Catching the tokenization wave Asset tokenization aims to make assets easier to issue, move, and settle by putting their ownership records into a token on a blockchain, like Solana. Today, a total of $28 billion in assets are tokenized and tracked on blockchains. Predictions for the value of tokenized assets in the...

- Billionaire Ray Dalio Links Bitcoin’s Rise to ‘Debt-Fueled Heart Attack’ in U.S. The U.S. economy is staring down a debt-fueled heart attack within the next few years, but that will likely buoy cryptocurrency prices, according to veteran asset manager Ray Dalio. In an interview, the Bridgewater Associates founder linked a rise in the price of digital assets and gold to America’s overwhelming debt burden, which isn’t improving. The U.S. government is spending more money than it’s taking in, while servicing enormous amounts of debt. As the government borrows more to cover budget shortfalls while managing its existing burden, creditors could eventually cause trouble, Dalio said. Creditors will sell U.S. debt as they grow worried...

- (Bloomberg) -- Trump Inc.’s much-trumpeted crypto foray — the WLFI token — launched Monday with ambitions of serving as the backbone of a new digital ecosystem. Within hours, it was mired in the turbulence and instability that has long been the hallmarks of crypto trading. WLFI Token Turbulence The token, promoted by Donald Trump’s family and listed this week on leading exchanges Binance and Coinbase, is still changing hands about 25% below its launch price, and has a market value of around $5.4 billion. The stumble followed a late disclosure that nearly 25 billion WLFI coins would circulate — far more than investors had expected — rattling confidence in the cryptocurrency. It’s common for tokens to slide on their first day of...

- Ondo Finance, the real-world asset (RWA) tokenization platform, announced its integration with Block Street, the permissionless, unified liquidity layer for tokenized stocks, on Sep. 3. Tokenization is the process of representing assets like stocks, funds, etc. as digital tokens and offering fractional ownership of these assets to investors. Besides digitizing the traditional finance (TradFi) market, it enables 24/7 on-chain trading and makes assets more affordable due to fractional offerings. Tokenized stocks as DeFi primitives Though tokenized offerings have caught the attention of the market, they have remained rather static — assets that are traded but not deployed in trading strategies. The latest collaboration addresses the...

- President Donald Trump is expanding his wealth while in office through a more modern investment: cryptocurrency. Trump favors cryptocurrency so much that his Bitcoin holdings now account for about two-thirds of his liquid assets. So how is Trump growing his net worth through cryptocurrency — and should you do the same? Keep reading to find out. Trump’s Cryptocurrency Wealth Most of Trump’s cryptocurrency-related wealth is held by the publicly traded Trump Media and Technology Group. The company was recently valued at $2.3 billion, with a significant portion of its value tied to Bitcoin. Trump has also earned millions of dollars in cryptocurrency via other ventures, such as the meme coin $TRUMP and the decentralized entity World...

- World Gold Council launches digital gold initiative with Linklaters, Hilltop Walk (Reuters) - The World Gold Council in collaboration with law firm Linklaters and consultancy firm Hilltop Walk Consulting has announced a new framework to modernize the global gold market. The proposal introduces a new structure called Pooled Gold Interests which allows investors to own a share of physical gold stored in vaults, including in small, fractional amounts. The system is designed to make gold easier to trade and use, including as collateral in financial markets and allow easy and secure transfer of gold interests between parties. Currently, gold is traded either as allocated gold, gold which involves direct ownership of specific physical...

- American Bitcoin, backed by President Trump's sons, listed on the Nasdaq American Bitcoin, a bitcoin mining and treasury company backed by President Trump's sons Eric and Donald Jr., listed on the Nasdaq on Wednesday morning under the ticker symbol ABTC. It's the second crypto venture listing for the Trump brothers this week. "Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy," Eric Trump, American Bitcoin’s co-founder and chief strategy officer, said in a press release statement. First launched as a subsidiary of publicly traded bitcoin mining firm Hut 8 (HUT), American Bitcoin began...

- Bitcoin pushed to yet another all-time high price mark in August, maintaining recent momentum as analysts project another record surge in the near future. If you’re keen on stacking satoshis however you can, then here’s one way that won’t cost you anything but time: You can earn Bitcoin by playing a bunch of free games. Free-to-play mobile games and apps are offering small bounties of Bitcoin for playing levels and viewing ads. While the amounts given are historically tiny, the rising price of Bitcoin means that they are becoming less tiny. Here’s a look at some of the games you can play. Learn Botanix, earn Bitcoin Here's the latest addition: Bitcoin layer-2 network Botanix launched its mainnet on July 1, and alongside the...

- Fed Announces October Conference on Payments Innovation WASHINGTON (Reuters) - The U.S. Federal Reserve announced Wednesday it would host an Oct. 21 conference on payments innovation. The conference will explore emerging topics like stablecoin use cases, the intersection of artificial intelligence and payments, and the tokenization of financial products and services, the central bank said. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/fed-announces-october-conference-payments-150903194.html

- Trump-backed bitcoin company begins trading on Nasdaq A bitcoin treasury and mining company linked to the Trump family began trading Wednesday on the Nasdaq stock market. American Bitcoin’s listing follows a completed merger with Gryphon Digital Mining. The company is backed by President Donald Trump’s sons, Donald Trump Jr. and Eric Trump. “Our Nasdaq debut marks a historic milestone in bringing bitcoin into the core of U.S. capital markets,” Eric Trump said in a statement. He is a co-founder and chief strategy officer of American Bitcoin. Public companies accumulating bitcoin as a corporate treasury has become a popular trend in crypto as the world’s most popular digital asset is priced near an all-time high. The parent company...

- American Bitcoin listed on the Nasdaq American Bitcoin, a bitcoin mining and treasury company backed by President Trump's sons Eric and Donald Jr., listed on the Nasdaq on Wednesday morning under the ticker symbol ABTC. It's the second crypto venture listing for the Trump brothers this week. "Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy," Eric Trump, American Bitcoin’s co-founder and chief strategy officer, said in a press release statement. First launched as a subsidiary of publicly traded bitcoin mining firm Hut 8 (HUT), American Bitcoin began trading at $6.90 per share through...

- The Trump Brothers do it Again: American Bitcoin Listed on the Nasdaq American Bitcoin, a bitcoin mining and treasury company backed by President Trump's sons Eric and Donald Jr., listed on the Nasdaq Wednesday morning under the ticker symbol ABTC. It's the second crypto venture listing for the Trump brothers this week. "Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy," Eric Trump, American Bitcoin’s co-founder and chief strategy officer, said in a press release statement. First launched as a subsidiary of publicly traded bitcoin mining firm Hut 8 (HUT), American Bitcoin began trading...