Day: March 11, 2025

A Recap Of Bitcoin For America

admin

Earlier today, the Bitcoin Policy Institute (BPI), a Washington, D.C.-based think tank, hosted the “Bitcoin For America” summit. The event occurred in the wake of President Trump’s signing an executive order (EO) to establish a Strategic Bitcoin Reserve (SBR) and the White House’s hosting its first-ever Crypto Summit. One might have expected jingoistic overtones from an event with such a title. However, many of the speakers acknowledged that Bitcoin is something that will benefit the whole world, and that, partially because of this, the U.S. should lead the way in…

YouTuber says SEC will recommend dropping lawsuit over 2018 token ICO

admin

Update (March 11 at 9:59 pm UTC): This article has been updated to include a response from the SEC. Ian Balina, the CEO of Token Metrics and a YouTuber with more than 100,000 subscribers, said the US Securities and Exchange Commission will stop pursuing him in court over allegations he violated securities laws by promoting Sparkster (SPRK) tokens in 2018. Speaking to Cointelegraph on March 11, Balina said the SEC had informed him it planned to recommend the court dismiss a case filed in 2022 alleging “unregistered offering and promotion…

Cboe seeks to add staking to Fidelity’s Ether ETF

admin

Securities exchange Cboe BZX is seeking permission from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF), according to a March 11 filing.  The filing marks Cboe’s latest attempt to support staking for the Ether (ETH) funds traded on its US exchange.  Cboe’s proposed rule change would allow Fidelity Ethereum Fund (FETH) to “stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers,” the filing said. The Fidelity Ethereum Fund is among the most popular Ether ETFs,…

Texas lawmaker seeks to cap state’s proposed BTC purchases at $250M

admin

A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset. In a bill filed on March 10, Texas Representative Ron Reynolds proposed the state’s comptroller not be allowed to invest more than $250 million of its Economic Stabilization Fund — otherwise known as a “rainy day” fund — in Bitcoin (BTC) or other cryptocurrencies. The legislation also suggested that Texas municipalities or counties could not invest more than $10 million in crypto. HB 4258,…

Texas lawmaker seeks to cap state’s proposed BTC purchases to $250M

admin

A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset. In a bill filed on March 10, Texas Representative Ron Reynolds proposed the state’s comptroller not be allowed to invest more than $250 million of its Economic Stabilization Fund — otherwise known as a “rainy day” fund — in Bitcoin (BTC) or other cryptocurrencies. The legislation also suggested that Texas municipalities or counties could not invest more than $10 million in crypto. HB 4258,…

EU watchdogs scrutinizing OKX over $100M in Bybit laundered funds: Report

admin

European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg. A March 11 Bloomberg report citing people familiar with the matter claims that national watchdogs from the EU’s member states discussed the issue during a March 6 meeting hosted by the European Securities and Markets Authority’s Digital Finance Standing Committee. The issue appears to be OKX’s decentralized finance platform and wallet service. On Jan. 27,…

US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

admin

Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today. “I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s…

Bitwise launches Bitcoin corporate treasury ETF

admin

Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11.  The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise said.  The ETF is the latest in a flurry of new investment products aimed at offering exposure to companies with large Bitcoin treasuries. “A lot of people wonder: Why do companies buy and hold bitcoin?…

BNB Bulls Take Charge: Price Rebounds Strongly After Recent Dip

admin

BNB is making a strong comeback as bullish momentum picks up following a recent dip, sparking renewed optimism among traders. After facing significant selling pressure, the price found solid support at the $500 mark, allowing buyers to step in and drive a sharp rebound. This renewed strength suggests that BNB could be gearing up for a larger recovery, with key resistance levels now coming into play. Market sentiment appears to be shifting in favor of the bulls, but challenges remain. The price must overcome crucial resistance zones to confirm a…

Franklin Holdings files S-1 form for XRP ETF

admin

Key Takeaways Franklin filed an S-1 with the SEC to launch an ETF focused on XRP. A final decision is expected by October 2025 for most filings. Share this article Franklin Holdings, the parent company of global investment firm Franklin Templeton, has filed an S-1 registration form with the SEC to launch an XRP ETF. This filing formally places the entity among a growing number of asset managers vying for an XRP ETF, including Bitwise, 21Shares, Canary Capital, Grayscale, and WisdomTree. The proposed fund, which would trade on the CBOE…