Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.
21Shares, a firm focused on exchange-traded funds (ETFs), has submitted a filing for a spot Polkadot ETF. This filing is aimed at gaining approval from the U.S. Securities and Exchange Commission (SEC). The proposed fund, named the 21Shares Polkadot Trust, will be the first of its kind. It is set to trade on the Cboe BZX Exchange and will track the performance of DOT, the native token of the Polkadot
Andre Cronje, the founder of Sonic, left the DeFi space in 2022 due to harassment from the SEC. He shared that the pressure from US regulators drained his energy and made it difficult for him to continue in the industry. Initially, the SEC’s inquiries were simple, focusing on investors and profits. However, these inquiries quickly escalated into aggressive demands. Despite not being a US citizen and having no business in
Bitwise Asset Management has filed for a Dogecoin ETF with the US Securities and Exchange Commission (SEC). This application was submitted on January 28. It follows a previous attempt to register a Dogecoin ETF through a Delaware trust. This is the second Dogecoin ETF filing recently after Rex Shares applied for multiple meme coin ETFs, including Dogecoin, Bonk, and Donald Trump’s TRUMP token. Bloomberg analyst James Seyffart mentioned on X
David Sacks, a White House advisor on crypto, is advocating for clearer regulations regarding non-fungible tokens (NFTs) and meme coins. He believes these digital assets should be classified as collectibles, similar to physical items like stamps or baseball cards, rather than as securities or commodities. In a Fox interview on January 24, Sacks highlighted the sentimental value of these assets, using the example of a Trump-themed meme coin, which people
Uniswap Labs is launching its v4 upgrade on the mainnet this week, which aims to improve performance and usability. This update will provide faster transactions, a better user experience, and more customization for developers through modular “hooks.” These hooks allow developers to execute custom functions with a single smart contract. The rollout will start with initial deployments this week, enabling developers to test hooks and on-chain integrations. Full deployment of
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 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 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
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 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
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
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