News

Oklahoma and Texas propose Bitcoin reserve bills

January 17, 2025 2 mins read

Lawmakers in Oklahoma and Texas are pushing forward with proposals to create Bitcoin reserves, reflecting the rising acceptance of Bitcoin (BTC) in public finance. This trend is part of a larger movement as various US states explore the integration of Bitcoin into their financial frameworks. In Texas, State Senator Charles Schwertner has introduced bill SB 778, which aims to designate Bitcoin as a reserve asset. This would enable the state

Burwick Law files a lawsuit against Pump.fun

January 17, 2025 1 min read

Burwick Law has initiated a lawsuit against Pump.fun, representing investors who claim to have lost money due to failed meme coins and alleged rug pulls on the platform. The law firm is encouraging affected users to join the case by filling out an intake form. Pump.fun, a notable meme coin launchpad on the Solana blockchain, faces accusations of financial misconduct and not fulfilling promises. Reports suggest that over 60% of

VanEck files with the SEC to launch its “On-chain Economy” ETF

January 17, 2025 1 min read

VanEck has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new Exchange-Traded Fund (ETF) called the “On-chain Economy.” This ETF will focus on companies and financial instruments related to the crypto industry but will not directly invest in cryptocurrencies. The ETF aims to allocate at least 80% of its net assets to “Digital Transformation Companies” and “Digital Asset Instruments.” Digital Transformation Companies include crypto exchanges,

The US SEC is likely to approve Litecoin ETF

January 16, 2025 1 min read

A Litecoin exchange-traded fund (ETF) is likely to be the next crypto ETF approved in the U.S., according to Bloomberg Senior ETF Analyst Eric Balchunas. His comments follow Canary Capital’s recent submission of an amended S-1 form for its Litecoin ETF. The S-1 form is a registration document filed with the Securities and Exchange Commission (SEC) for new securities. Balchunas noted that the SEC had provided feedback on the Litecoin

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

Malaysia plans to adopt crypto and blockchain technology

January 16, 2025 1 min read

Malaysia’s Prime Minister, Datuk Seri Anwar Ibrahim, is focused on incorporating crypto and blockchain technology into the country’s financial systems. He is collaborating with Binance and learning from the United Arab Emirates (UAE) to establish Malaysia as a regional fintech leader. During a recent three-day visit to Abu Dhabi, Anwar met with UAE officials and Binance co-founder Changpeng Zhao (CZ) to discuss strategies for cryptocurrency adoption. He emphasized the need

Memecoin Toshi pumps by over 135% following Coinbase’s listing

January 16, 2025 1 min read

Toshi (TOSHI) is a memecoin on the Base network that recently surged over 135% in just 24 hours. This spike followed Coinbase’s announcement to include Toshi in its future listing plans. Despite this rally, Toshi’s performance remains erratic, showcasing the volatility typical of the cryptocurrency market. In early 2024, Toshi’s market cap reached a high of $73.66 million but later fell to $51.36 million. However, as market conditions improved, Toshi

President-elect Trump may sign a pro-crypto executive order on his first day

January 15, 2025 1 min read

According to the Washington Post, President-elect Donald Trump plans to sign an executive order regarding cryptocurrency regulations on his first day in office. David Sacks, a crypto advisor, is leading his team in collaboration with industry leaders to develop policies aimed at addressing unfair banking practices and excessive regulation. A significant concern that the executive order might tackle is “debanking,” which occurs when banks restrict or terminate the accounts of

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF

January 15, 2025 2 mins read

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF. Ripple has faced significant regulatory challenges, particularly in its legal battle with the SEC. CTO David Schwartz discussed the company’s media strategy during this time, highlighting the struggle against misinformation while navigating legal complexities. Recently, there has been growing speculation about the approval of a spot-based XRP ETF, with analysts and Ripple executives optimistic about its potential to

The US, Japan, and South Korea condemn North Korea’s $1.3 billion crypto theft in 2024

January 15, 2025 1 min read

The United States, Japan, and South Korea have condemned North Korea’s cyberattacks, highlighting their threat to global security. They called for better cooperation between public and private sectors to combat these attacks and recover stolen funds. In 2024, North Korean hackers stole over $1.3 billion in cryptocurrency, funding missile and weapons programs. The joint statement pointed out the sophisticated methods used by North Korean hackers, who often target cryptocurrency exchanges

The SEC delays its decision on the Bitwise 10 Crypto ETF to March 2025

January 15, 2025 2 mins read

The US Securities and Exchange Commission (SEC) has postponed its review of the Bitwise 10 Crypto Index ETF proposal until March 3, 2025. This extension gives the SEC more time to evaluate the fund, which aims to track leading crypto like Bitcoin, Ethereum, and Solana. The proposal was initially submitted by NYSE Arca on November 14, 2024, and published in the Federal Register on December 3, but it received no

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