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The following article is adapted from The Blockâs newsletter, The Daily, which comes out on weekday afternoons.Happy Wednesday! U.S. government shutdown tensions and profit-taking have fueled a short-term pullback in the crypto market, according to analysts, though structural demand and ETF flows reâŚ
The U.S. government shutdown has created significant obstacles for the passage of a comprehensive crypto market structure bill, which aims to clarify the regulatory framework for digital assets between the SEC and CFTC. While lawmakers remain cautiously optimistic, political gridlock and the upcominâŚ
By Hannah Lang and Elizabeth Howcroft A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks to investors and market stability.Buoyed by President 's pro-crâŚ
Investors are watching the crypto market closely this October as a wave of new ETFs could shake things up. The upcoming ETF deadlines have sparked a lot of curiosity in the community.Spotlight on Solana, Dogecoin, and Litecoin ETFsLuke Martin, a cryptocurrency analyst has highlighted some key pointsâŚ
S&P Global plans to launch a new benchmark index that tracks a wide range of digital assets and blockchain-related companies, signaling growing recognition of the crypto sector within traditional finance.The S&P Digital Markets 50 Index, created in partnership with tokenization company Dinari, incluâŚ
XRPâs price history and trajectory have always caused debates among cryptocurrency enthusiasts, especially when compared to Bitcoinâs growth. Bitcoin has soared more than sixfold in the past seven years, but XRP is still trading around $3.02, roughly the same level it was trading at in early 2018. TâŚ
The U.S. Securities and Exchange Commission (SEC) is reviewing multiple crypto spot ETF applications. After it approved the generic listing standards in September, the odds of approval have surged. Now, crypto asset management funds are awaiting their approval for Solana, XRP, Dogecoin, and Cardano âŚ
Key takeaways:ETH ETFs have opened access, but flows remain cyclical.SOLâs plumbing is set: CME futures are live, with options slated for Oct. 13 (pending approval).The SECâs generic standards now allow faster spot-commodity ETP listings beyond BTC and ETH.For SOL to outperform ETH, it will need susâŚ
Plume Network, a layer-2 blockchain designed to host real-world assets (RWAs), has registered as a transfer agent with the US Securities and Exchange Commission (SEC) â a move that bolsters its ability to bring traditional financial instruments onchain and streamline the issuance of tokenized securiâŚ
XRP price today has once again fallen below the $3 mark, slipping over 2% in the past 24 hours amid renewed whale speculation. The drop came shortly after reports surfaced of a massive $55 million XRP transfer to a wallet linked with Ripple. However, on-chain data has now clarified that the movementâŚ
According to veteran investor Pumpius, who says he has watched crypto since 2013, XRP may be poised for a sharp move higher. He outlines nine catalysts that he believes could push the price toward double digits, and even as high as $50, all within the next five months.ETF Approvals Could Unlock InstâŚ
DoubleZero co-founder Austin Federa confirmed today that the DoubleZero Foundation has not sold any tokens. DoubleZero is a blockchain protocol focused on building a dedicated high-performance physical data network to enhance global connectivity for high-speed applications.The clarification addresseâŚ