The banking associations argued that U.S. banks were “notably absent” as asset custodians for Bitcoin ETFs, despite them playing that role for other ETPs. Major banks and financial institutions in the United States are pushing the Securities and Exchange Commission to readjust its definition of crypto assets — which could allow them to play a...Continue Reading

MicroStrategy’s market cap would need to rise another $3.7 billion and meet other eligibility criteria in order to have a chance of making it on the popular index, however. MicroStrategy, the largest corporate holder of Bitcoin (BTC), is slowly creeping toward being eligible for inclusion on the S&P 500 index — a milestone that could...Continue Reading

New research from Coin Metrics found that 51% and 34% attacks on Bitcoin and Ethereum are no longer possible from nation-state attackers if their goal was to destroy the blockchains. It is no longer viable for nation-states to destroy the Bitcoin and Ethereum network via 51% attacks due to the astronomical costs required to do...Continue Reading

The rapid growth of crypto could threaten dollar dominance, but that’s unlikely due to the popularity of U.S. dollar stablecoins, says the Fed’s Christopher Waller. The popularity of United States dollar-denominated stablecoins in decentralized finance (DeFi) may be helping secure the dollar’s dominance as a global reserve currency, says Federal Reserve governor Christopher Waller. “About...Continue Reading

Coinbase’s net income of $273 million marks the firm’s first profitable quarter since Q4 2021. Shares in crypto exchange Coinbase spiked 12.7% after-hours following a resilient fourth-quarter earnings report that saw the firm swing to profit and earnings that beat Wall Street expectations. Coinbase’s net revenue reached $905 million in the fourth quarter, up a...Continue Reading

Hong Kong crypto stocks surge even as local markets tank, OKX to invest in L1s, Philippines central bank hates retail CBDCs. Asia Express Our weekly roundup of news from East Asia curates the industrys most important developments. Hong Kong crypto stocks have surged as part of the broader market recovery. Two notable entities, licensed crypto...Continue Reading