Ava Patel

Virtune debuts Finland’s first crypto ETPs on Nasdaq Helsinki

January 23, 2025 2 mins read

Virtune, a Swedish-regulated crypto asset manager, has launched Finland’s first crypto exchange-traded products (ETPs) on Nasdaq Helsinki. This milestone allows Finnish investors to securely invest in cryptocurrency, denominated in euros, enhancing the region’s financial market. The introduction of crypto into Finland’s €20.5 billion ETP market is a significant development. The ETPs are fully collateralized and physically backed, with liquidity support from Flow Traders to ensure stable trading volumes and narrow

CLS Global, a financial services company operating in the crypto industry, has admitted to engaging in fraudulent market manipulation

UAE firm CLS Global admits to wash trading on Uniswap

January 23, 2025 2 mins read

CLS Global, a financial services firm in the crypto industry, has confessed to fraudulent market manipulation through wash trading on Uniswap. The company used automated self-dealing to create fake trading volumes, misleading investors about market activity. Based in the United Arab Emirates, CLS Global will pay $428,059 in fines and asset seizures, plead guilty to market manipulation charges, and exit the U.S. crypto markets permanently. The U.S. Attorney’s Office in

The US SEC sues Helium Network creator Nova Labs

January 21, 2025 1 min read

The US Securities and Exchange Commission (SEC) has sued Nova Labs, the creators of the Helium Network, for misleading investors and breaching securities laws. The SEC alleges that Nova Labs falsely claimed partnerships with major companies like Salesforce, Lime, and Nestlé to attract investors. These claims have not been addressed by Nova Labs. The lawsuit, filed on January 17, centers on Nova Labs’ “Hotspot” devices, which have been available since

Nasdaq files to list Canary Capital’s Litecoin ETF

January 19, 2025 1 min read

The Nasdaq has filed form 19b-4 to trade Canary Capital’s Litecoin ETF, marking a significant step towards launching the first altcoin ETF in 2025. This follows Canary’s recent updates to its form S-1, which addressed SEC feedback, indicating that approval may be close. Analysts are hopeful about the SEC approving the fund. ETF expert Nate Geraci believes all necessary steps have been taken, while Eric Balchunas notes the SEC’s positive

Saga launches Metropolis.lol

January 16, 2025 1 min read

Saga has launched Metropolis.lol, a decentralized Layer-1 blockchain tailored for AI agents. This platform merges blockchain and AI, aiming for scalability and growth. Collaborating with Virtuals Protocol, Eliza Labs, Wayfinder Foundation, and ai16z, Saga seeks to create a vibrant ecosystem for intelligent agents. Metropolis.lol serves as an open-source agent runtime, providing developers with tools to create AI-driven applications. Saga refers to it as a “reality arbitrage protocol,” focusing on a

Trump Reportedly Holds Significant Bitcoin Stash

January 15, 2025 1 min read

Donald Trump, the President-elect of the United States, is reported to own a significant amount of Bitcoin. This information was revealed on January 14 by Adam Back, a key figure in the cryptocurrency world and CEO of Blockstream, through a video shared on X (formerly Twitter). In the video, David Bailey, who served as a crypto advisor to Trump during his campaign, discussed Trump’s Bitcoin holdings. Bailey mentioned that Trump

Blockchain-based prediction site Polymarket faces a ban in Singapore

January 14, 2025 1 min read

Polymarket, a blockchain-based prediction platform, has been banned in Singapore for being an unlicensed gambling site. This action is in line with Singapore’s strict gambling regulations, which only permit betting through state-approved operators. The ban adds to Polymarket’s regulatory issues in the United States and France. On January 12, Alex Zuo, Vice President of Investment and Custody at Cobo Global, announced on X (formerly Twitter) that Singapore had officially classified

Standard Chartered secures a Luxembourg license under MiCA to offer crypto custody across the EU

January 11, 2025 1 min read

Standard Chartered, a major British bank, has received a license in Luxembourg to offer digital asset custody services throughout the European Union. This development is part of the bank’s strategy to expand its cryptocurrency services in line with the new Markets in Crypto-Assets (MiCA) regulations, which aim to standardize crypto rules across the EU. With this license, Standard Chartered can create a regulated entry point into the EU, allowing it

Gemini crypto exchange agrees to pay $5M settlement in CFTC case

January 8, 2025 1 min read

Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission (CFTC). The case involved allegations that Gemini made misleading statements about the manipulation of bitcoin futures contracts over seven years ago. The settlement was announced in a letter from CFTC attorney K. Brent Tomer. Notably, Gemini did not admit or deny any wrongdoing.

Telegram’s Toncoin Makes Over $1 Billion Profit In 2024 So What’s Next For Its Crypto Coin

January 6, 2025 3 mins read

The Toncoin (TON) USDT fund has surpassed the $1 billion milestone as its ecosystem continues to expand with record-breaking user participation. With the entire crypto market gearing up for an explosive Q1, Toncoin could soon emerge as a top performer in the Layer-1 landscape, with analysts predicting a $10 TON in late January. Toncoin Set For Massive Adoption In 2025 Largely viewed as Telegram’s blockchain extension, Toncoin directly taps into

Coinbase reveals FDIC letters urging banks to pause crypto services

January 5, 2025 1 min read

Coinbase has recently revealed that the Federal Deposit Insurance Corporation (FDIC) is advising banks to temporarily suspend cryptocurrency-related activities, igniting controversy reminiscent of “Operation Chokepoint.” Critics, including leaders from Coinbase and Ripple, argue that the FDIC’s actions overstep constitutional limits and aim to suppress the cryptocurrency sector. On January 3, Coinbase’s Chief Legal Officer, Paul Grewal, disclosed that the FDIC had sent letters instructing banks to limit services related to

SUI surges by over 20% in 24 hours, hitting new all-time high