Article written by Roland Guirdonan

UAE authorities deny offering golden visas to crypto investors

1 min read

The UAE authorities have recently stated that they are not offering golden visas to cryptocurrency investors, particularly regarding The Open Network’s (TON) new program. The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement. They explained that only certain groups can qualify for golden visas. These groups include real estate investors, entrepreneurs,

The SEC approves Grayscale’s conversion of its large-cap crypto fund into a spot ETF

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The US Securities and Exchange Commission (SEC) has given the green light for Grayscale’s Digital Large Cap Fund (GDLC) to be listed and traded as a spot exchange-traded fund (ETF) on NYSE Arca. The announcement on July 1 came after Grayscale’s updated S-3 filing, showing that the company is still in talks with the SEC. Nate Geraci, the President of ETF Store, expected this approval and indicated a hopeful view

President Trump’s media company files to launch a Bitcoin and Ethereum ETF

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Trump Media & Technology Group, run by President Donald Trump, has submitted a request to the U.S. Securities and Exchange Commission (SEC) to start a Bitcoin and Ethereum exchange-traded fund (ETF). This proposed ETF is called the Truth Social Bitcoin and Ethereum ETF. It plans to invest 75% in Bitcoin and 25% in Ethereum. This way, investors can access both cryptocurrencies with one product. Crypto.com is the only custodian for

Fidelity files for a spot Solana ETF that includes staking

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Fidelity Investments has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) that focuses on Solana (SOL) and includes staking features. This initiative shows that more institutional investors are interested in the cryptocurrency market, especially in Solana, which is a blockchain platform known for being fast and having low transaction costs. The new ETF is designed to let investors directly benefit from

Trump’s Truth Social files for Bitcoin ETF

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Division NYSE Arca of the New York Stock Exchange has filed for an ETF connected to Truth Social, the social networking platform started by former President Donald Trump. Designed to track the price of Bitcoin, the file, Form 19b-4, seeks permission from the Securities and Exchange Commission (SEC) to list and trade the Truth Social Bitcoin ETF. Excluding Trust expenditures and liabilities, the registration statement states the ETF aims to

Bitcoin reaches $110,500 amid Japan’s debt concerns and an increase in gold prices

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Bitcoin has recently reached a new high of $110,545 on Binance, surpassing its previous January peak of $109,588, and is on track to potentially hit $111,000. This surge in Bitcoin’s price is occurring alongside a rise in gold prices, which increased by 0.6% to $3,312 per ounce, reflecting growing concerns over global fiscal stability. The backdrop for this rally includes significant developments in Japan, where long-term bond yields have surged

FTX is set to distribute over $5 billion to creditors starting May 30, 2025

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FTX is preparing to initiate its second round of creditor payouts on May 30, aiming to distribute over $5 billion to eligible claimants, as announced by the company. This payout will be processed through either BitGo or Kraken, with payments expected to reach recipients within one to three business days. This upcoming distribution is part of FTX’s ongoing bankruptcy proceedings and follows the initial payouts that began in February for

US Banks can now hold crypto for customers

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US Banks can now hold crypto for customers On May 7, 2025, the Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1184, which clarifies that national banks and federal savings associations are permitted to offer crypto-asset custody and execution services. his means these financial institutions can facilitate the buying and selling of crypto-assets held in custody at the direction of their customers. Additionally, they are allowed to

President Trump says crypto survives the crash better than stocks

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Former President Donald Trump has reiterated his strong support for crypto, emphasizing its resilience during market downturns and its growing acceptance. In a recent interview with NBC News’ Meet the Press, Trump highlighted the importance of the U.S. leading in digital asset innovation to avoid falling behind countries like China. He expressed his belief that crypto is crucial for the future, stating, “I want crypto,” and noted that it has

$10 trillion US brokerage firm to launch crypto trading platform

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Charles Schwab, a leading US brokerage firm managing over $10 trillion in assets, is set to introduce spot cryptocurrency trading within the next year, according to CEO Rick Wurster. During the company’s Spring Business Update, Wurster expressed optimism about launching this service as the regulatory landscape in the US evolves favorably. He emphasized that Schwab is on a solid path to offering direct spot crypto trading, a plan he initially

MANTRA (OM) token crashes by over 98%

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The cryptocurrency token MANTRA (OM) experienced a dramatic drop in value, losing 98% of its worth in just under an hour. This sudden crash caused more than $6 billion to disappear from its market cap, with the price plummeting from nearly $6 to around $0.57. Many traders were unable to react in time to sell their holdings before the value collapsed. As news of the crash spread, users on the

Tether (USDT) bets its $20 billion haul that the greenback will weather the tariff storm

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Tether, a stablecoin issuer, made headlines with its impressive $13 billion profit last year. This figure surpasses many well-known financial firms, including Goldman Sachs. Despite having no official approval from U.S. regulators and a small workforce of fewer than 200 employees, Tether is making a bold bet on the U.S. dollar. As tariffs imposed by Donald Trump disrupt the global economy, Tether aims to strengthen the dollar’s presence worldwide. CEO