OpenSea, the self-proclaimed “world’s largest” nonfungible token marketplace, is currently under scrutiny by the U.S. Securities and Exchange Commission. On Wednesday, the company disclosed that it received a Wells notice from the SEC, signaling that the regulator may soon file a lawsuit against OpenSea. The notice suggests that the SEC considers NFTs traded on OpenSea’s…
After a prolonged period of decline throughout 2024, the non-fungible token market is showing signs of a recovery. Recent data from CryptoSlam indicates that weekly sales volumes on some of the leading blockchains for digital collectibles have finally turned positive, suggesting a potential resurgence in the NFT market. This article delves into the details of…
Nasdaq, one of the world’s leading exchange operators, is seeking approval from the U.S. Securities and Exchange Commission to launch and trade options on a bitcoin index. This move is seen as a significant step toward the further integration of cryptocurrencies into mainstream financial markets. The proposed Bitcoin Index Options would provide institutional investors and…
MakerDAO, one of the most prominent and long-standing players in the decentralized finance space, is undergoing a significant transformation. The $7 billion crypto lender announced on Tuesday that it has rebranded to “Sky” as part of a broader overhaul that includes the introduction of new stablecoin and governance tokens. This strategic shift, known as the…
Xapo Bank, in collaboration with Hilbert Capital, the asset management arm of Swedish investment firm Hilbert Group, is set to launch a Bitcoin-denominated hedge fund with an initial capital of $200 million. This strategic move, announced on Tuesday, reflects the growing institutional interest in cryptocurrency, particularly in structured investment products that go beyond mere exposure…
Settlement Details Crypto lending platform Abra, officially known as Plutus Lending LLC, has settled with the U.S. Securities and Exchange Commission (SEC) following charges related to the sale of unregistered securities and operating as an unregistered investment company. The settlement includes civil penalties, the amount of which is yet to be determined by the court.…
The world of non-fungible tokens continues to thrive, with Polygon emerging as a significant player in the market. On August 25, the Polygon-based NFT collection MKgirl led the market in daily sales, recording an impressive $1.1 million. This surge highlights the growing importance of Polygon in the NFT ecosystem, as it increasingly competes with established…
Rumpel Labs, a pioneering startup backed by venture capital heavyweights like Dragonfly and Variant, is set to redefine the crypto loyalty points market. The company, emerging from stealth mode, is building a robust infrastructure that allows for the tokenization and trading of loyalty points distributed by decentralized finance and Web3 projects. This new platform addresses…
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have crossed a significant milestone, surpassing HKD$2 billion (approximately $256 million) in assets under management (AUM). This achievement highlights the growing interest in cryptocurrency investments within the region. Initial Performance and Comparisons Despite reaching this milestone, Hong Kong’s Bitcoin ETFs have had a slower start compared to their…
Bitcoin briefly touched $65,000 for the first time in about three weeks, driven by renewed interest in US exchange-traded funds (ETFs) and expectations of a Federal Reserve rate cut. The cryptocurrency surged as much as 1.2% to $65,030 on Monday before retreating slightly to $63,780 as of 9:19 a.m. in New York. Last week, Bitcoin…