BlackRock, the world’s preeminent asset management firm, has advanced its strategic objective in the digital asset sector with the submission of a Form 8-A filing for its proposed Bitcoin ETF. This regulatory submission, lodged with the Securities and Exchange Commission…
Blockworks has made a significant move, acquiring crypto data analytics firm Messari for $10 million. This strategic acquisition aims to bridge the gap in crypto’s fragmented data landscape, merging tools for project disclosures with the API infrastructure that analysts and…
Avalanche Treasury Co., a firm focused on digital asset treasury management for the Avalanche ecosystem, commenced trading on the Nasdaq stock exchange following its $675 million merger with a cryptocurrency-focused special purpose acquisition company (SPAC). The company, operating under the…
Sam Bankman-Fried’s Appeal Rejected, Upholding Fraud Conviction and Sentence The U.S. Court of Appeals for the Second Circuit has affirmed the conviction and 25-year prison sentence of former FTX CEO Sam Bankman-Fried. The appellate court’s decision on Friday dismissed Bankman-Fried’s…
Jack Mallers, CEO of Strike and Twenty One Capital, has posited that Bitcoin’s current market price, trading below $63,000, is not an indicator of sentiment but rather an accurate reflection of a global financial system facing a severe liquidity shortage.…
South Korea’s Ministry of Economy and Finance has formally categorized tokenized stocks as securities, distinguishing them from virtual assets. This classification carries significant implications for taxation and regulatory oversight, potentially subjecting these instruments to the nation’s existing capital markets framework…
LG Electronics is pioneering a new frontier in digital advertising with the development of a custom Layer-2 blockchain network, built in collaboration with Arbitrum. This innovative platform aims to streamline the entire ad ecosystem, from placement and buying to selling…
Citigroup is introducing a new blockchain-based platform designed to facilitate the trading of tokenized shares in private companies for its high-net-worth and institutional clientele. This initiative, as reported by The Wall Street Journal, will initially be accessible exclusively to foreign…
The U.S. Securities and Exchange Commission (SEC) has put forward a proposal to remove key “trade-through” protections within Regulation National Market System (NMS). This regulatory shift, if enacted, is anticipated by industry analysts to significantly lower existing barriers for the…
Digital Asset, the enterprise behind the Canton Network, has successfully secured $355 million in a recent funding round spearheaded by a16z crypto. This significant capital infusion was bolstered by participation from a diverse group of established financial institutions and decentralized…