Key Takeaways Grayscale’s ETF chief David LaValle is leaving ahead of the company’s confidential IPO plans. Grayscale is pursuing new spot crypto ETFs including for Bitcoin, Ethereum, XRP, Solana, and Cardano. Grayscale’s global head of ETFs, David LaValle, is stepping down at the end of July, closing out a four-year chapter marked by key milestones
Demand for trading stocks on-chain is real. Switzerland-based Backed Finance’s tokenized U.S. equities product, xStocks, has seen a cumulative trading volume of over $300 million less than a month since going live on Bybit, Kraken, and Solana decentralized finance (DeFi) platforms. xStocks are 24/7 onchain tokens representing shares in publicly traded U.S. firms. Each token
South Korea’s finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital asset firms, according to a report by the Korean Herald. The Financial Supervisory Service (FSS) verbally told several firms to limit their exposure to Coinbase (COIN) and Michael Saylor’s Strategy (MSTR), to comply
In a significant move that bridges the gap between traditional industry and the burgeoning digital economy, Skycorp Solar Group, a Nasdaq-listed powerhouse in renewable energy, has announced a groundbreaking shift. Starting August 1st, this innovative company will begin accepting crypto payments for its international transactions, embracing leading digital assets like Bitcoin (BTC), Ethereum (ETH), USDC,
The U.S. economy is being rebuilt for war, and Arthur Hayes says crypto will be footing the bill. Not Bitcoin. Not Ether. Stablecoins. As Trump prepares to flood the system with credit to prop up defense production, Arthur argues that the buyers of this new wave of debt won’t be boomers or Wall Street, it’ll
One official at a federal consumer protection agency is reportedly raising concerns over JPMorgan Chase’s plan to charge fintech fees for customers’ account data. An unnamed politically appointed official with the Consumer Financial Protection Bureau (CFPB) believes the agency’s efforts to kill in court an open banking rule enacted under former US President Biden may
President Trump announced a massive trade agreement with Japan, calling it “perhaps the largest Deal ever made.” Japan will invest $550 billion in the US and face 15% tariffs on imports while opening its markets to American automobiles and agricultural products. The yen initially rose on the news. https://truthsocial.com/@realDonaldTrump/114899417740854572/embed Trump also reached a trade agreement
A new report released Tuesday reveals that lack of information remains a major barrier to digital asset adoption among US consumers. The study, commissioned by the National Cryptocurrency Association (NCA), found that nearly 70% of 2,000 non-crypto holders surveyed said they needed more information before they would consider using digital assets. About half of those
Real-world asset (RWA) tokenization is rapidly emerging as one of Wall Street’s most promising innovations, and with the recent passage of pro-industry legislation, particularly the US GENIUS Act, growth in the sector is poised to accelerate, according to Aptos Labs’ newly appointed chief business officer, Solomon Tesfaye. In a conversation with Cointelegraph ahead of the