Day: March 28, 2025

Nasdaq seeks SEC approval for Grayscale’s Avalanche ETF listing

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US stock exchange Nasdaq submitted a filing to the US Securities and Exchange Commission (SEC) seeking permission to list Grayscale Investments’ spot Avalanche exchange-traded fund (ETF). The document, filed on March 27, asks for a rule change to list the Grayscale Avalanche Trust (AVAX). The derivative product in question would be a conversion of Grayscale Investments’ close-ended AVAX fund launched in August 2024. Grayscale said on its website that “its SEC-reporting Products present a strong case for uplisting when permitted by the U.S. regulatory environment.” The firm explained that, following…

XRP price may drop another 40% as Trump tariffs spook risk traders

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The XRP (XRP) market is flashing warning signs as a bearish technical pattern emerges on its weekly chart, coinciding with macroeconomic pressures from anticipated US tariffs in April. XRP descending triangle pattern hints at 40% drop Since its late 2024 rally, the XRP price chart has been forming a potential triangle pattern on its weekly chart, characterized by a flat support level mixed with a downward-sloping resistance line. A descending triangle pattern forming after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves…

Galaxy Digital to pay $200M over Terra promotion fallout

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Michael Novogratz’s crypto investment firm Galaxy Digital agreed to pay $200 million in a settlement related to its alleged promotion of the now-collapsed cryptocurrency Terra (LUNA) According to New York Attorney General’s Office documents filed on March 24, Galaxy Digital acquired 18.5 million LUNA tokens at a 30% discount, then promoted them before selling them without abiding by disclosure rules. The filing states: “Ultimately, Galaxy helped a little-known token increase its market price from $0.31 in October 2020 to $119.18 in April 2022, while profiting in the hundreds of millions…

Nasdaq seeks SEC approval to list Grayscale’s spot Avalanche ETF

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Key Takeaways Nasdaq filed with the SEC to list and trade shares of Grayscale’s spot Avalanche ETF. The ETF would provide exposure to AVAX and is currently without a designated ticker symbol. Share this article Nasdaq has filed Form 19b-4 with the US Securities and Exchange Commission (SEC), seeking approval to list and trade shares of Grayscale’s spot Avalanche ETF, the Grayscale Avalanche Trust (AVAX). The new filing suggests Grayscale Investments intends to convert its existing trust product—launched in August 2023—into a publicly traded ETF, providing investors with regulated exposure…

UAE expects digital dirham rollout in Q4 2025

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The United Arab Emirates expects its digital dirham central bank digital currency to roll out in the fourth quarter of 2025.  According to a report in the Khaleej Times, Central Bank of the UAE Governor Khaled Mohamed Balama reportedly said that the blockchain-based currency could improve financial stability and help combat financial crime. According to the report, the retail sector could expect the issuance of a digital dirham in the last quarter of 2025.  “It [digital dirham] will further enable the development of innovative digital products, services, and new business…

How To Measure The Success Of A Bitcoin Treasury Company

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In the world of traditional finance, evaluating a company’s success usually means tracking revenue growth, earnings per share, or return on equity. But what happens when the core of a company’s strategy isn’t selling products or services, but accumulating Bitcoin? That’s the question facing a new class of Bitcoin treasury companies. These are publicly traded firms whose central mission is to acquire and hold Bitcoin over the long term. And to understand whether they’re succeeding, we need a fresh set of tools. This article introduces those tools—new key performance indicators…

Understanding recent credential leaks and the rise of InfoStealer malware

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Opinion by: Jimmy Su, Binance chief security officer The threat of InfoStealer malware is on the rise, targeting people and organizations across digital finance and far beyond. InfoStealers are a category of malware designed to extract sensitive data from infected devices without the victim’s knowledge. This includes passwords, session cookies, crypto wallet details and other valuable personal information. According to Kaspersky, these malware campaigns leaked over 2 million bank card details last year. And that number is only growing. Malware-as-a-service These tools are widely available via the malware-as-a-service model. Cybercriminals…

Lazarus Group’s 2024 pause was repositioning for $1.4B Bybit hack

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North Korea-affiliated hackers may have scaled back their operations in the second half of 2024 while preparing for what became the largest crypto hack in history. The crypto industry was rocked by the enormous hack on Feb. 21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus Group, which seems to have prepared the attack months in advance. According to blockchain analytics firm Chainalysis, illicit activity tied to North Korean cyber actors sharply declined after July 1, 2024, despite a surge in attacks earlier that year. The…

LINE says it’s not in bed with Sony’s Soneium after all

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LY Corporation denied that its Web3 venture, Line Next, had entered into a business partnership with Soneium, a Sony-backed Ethereum layer-2 network. The statement, issued on March 28, followed media reports and social media coverage that suggested a partnership had been finalized between LY and Soneium. “These reports were based on an announcement made by Soneium on [March 12] that it plans to expand its business by using the LINE API and LINE Mini Apps on our platform, although no business partnership or the like has been established between Soneium…

‘Bitcoin Macro Index’ bear signal puts $110K BTC price return in doubt

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Bitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics has produced a “bearish divergence.” In a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments’ Bitcoin Macro Index. Bitcoin Macro Index slump “not great,” says creator As BTC/USD struggles to return to the area around all-time highs, onchain metrics are beginning to lose their bull market edge. The Bitcoin Macro Index, created by Capriole in 2022, uses machine learning to analyze data from a large number…