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Bitcoin reaching a $1 million valuation, once a fringe projection, has gained analytical grounding across financial models tied to supply shocks, institutional adoption, and long-term capital migration.
While that price remains far from guaranteed, recent analyses have raised the probability of a seven-figure print within the next decade, anchored around the post-2028 halving window and...
The US Securities and Exchange Commission (SEC) has issued a stay order on Bitwise’s bid to convert its over-the-counter (OTC) crypto index fund into a spot exchange-traded fund (ETF).
The decision came just hours after the SEC’s Division of Trading and Markets granted accelerated approval for the application on July 22.
The stay, issued by the SEC’s Office of the Secretary, temporarily suspends...
Spot Ethereum ETFs have drawn more than $4 billion in net inflows over a two-week streak ending Tuesday, including $533.9 million added yesterday alone.
That run pushed total assets across all eight U.S. funds to $19.85 billion, per SoSoValue. The streak began on July 3 and has yet to break, placing Ethereum far ahead in proportional supply absorption.
BlackRock’s ETHA product led the surge,...
Crypto prediction market Polymarket is considering launching its own stablecoin to gain control over the interest-bearing reserves currently backing USDC deposits on its platform, CoinDesk reported, citing sources familiar with the matter.
The deliberations reflect a broader industry trend as platforms seek to internalize stablecoin-related revenue, particularly in closed ecosystems.
The source...
Out of the 58 entities holding Ethereum (ETH) in their treasuries, the 10 public-listed companies have roughly $3.2 billion, equivalent to 865,265 ETH.
According to Strategic ETH Reserve data, four publicly listed companies recently added 113,300 ETH to their holdings. Furthermore, the number of entities jumped from 40 in June to 58 as of July 22.
GameSquare Holdings purchased 8,351.89 ETH in...
Cboe has submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind, which is a positive sign for the approval of such funds.
Bloomberg ETF analyst James Seyffart shared on July 22 a screenshot of the exchanges’ docket showing the amended rule filings. The amendments relate to issuers ARK 21Shares, VanEck...
Solana’s (SOL) recent climb back above $200 is a sign that the altcoin pivoted from a “meme-driven ecosystem” to a “high-beta, blue-chip alternative” that is attracting institutional attention.
According to MEXC Research chief analyst Shawn Young, the over 34% increase in July to the $202.52 price, as of press time, marks a shift in how the market values the Solana network.
In a note, Young...
Citadel Securities has urged the U.S. Securities and Exchange Commission to proceed cautiously with any initiatives that would accelerate the adoption of tokenized securities, warning that a hasty approach could disrupt existing capital markets and marginalize institutional investors.
The market-making giant submitted its recommendations in a formal letter to the SEC’s Crypto Task Force, arguing...
PNC Financial Services Group has formed a partnership with Coinbase to let the bank’s customers access crypto services, as Bloomberg News reported on July 22.
According to PNC’s head of treasury management Emma Loftus, the arrangement is in its early phase. It will begin by allowing wealth and asset management clients to trade cryptocurrencies directly through their PNC accounts, without...
The US Justice Department has closed its investigation into Kraken’s founder Jesse Powell, and returned dozens of laptops and mobile phones agents seized during an FBI raid two years ago, Fortune reported on July 22.
The federal case did not revolve around Kraken’s operations, but rather a bitter governance fight at the Verge Center for the Arts, a Sacramento nonprofit Powell founded in 2008....