Breaking: Bitwise Prepares to Launch its Avalanche ETF, Reveals Ticker and Fees
Crypto asset manager Bitwise prepares to launch its Avalanche ETF as the issuer filed an updated S-1 with the U.S. Securities and Exchange Commission. The issuer reveals several details, including the management fee, ticker, and fee waiver. LINK price jumped more than 7% following a breakout amid positive development and a broader crypto market recovery….
Upbit discloses $37M hack on Solana network, pledges to cover customer losses
Key Takeaways Upbit, a leading South Korean cryptocurrency exchange, suffered a $37 million security breach on the Solana network. Upbit has pledged to cover all customer losses from its own funds, demonstrating a commitment to customer security. Share this article Upbit, a major South Korean crypto exchange, today disclosed a $37 million security breach on…
Breaking: Ripple’s RLUSD Approved for Use Across Abu Dhabi’s Global Markets
Ripple’s RLUSD has received official approval to be used in Abu Dhabi’s main financial market. This comes as the firm builds on its growth in global financial markets. RLUSD Gains Approval In Abu Dhabi’s Global Markets Ripple announced in a press release that its stablecoin is now officially recognized as an Accepted Fiat-Referenced Token. This…
Central Bank of Russia eases restrictions, opens mutual funds to crypto investments
Key Takeaways What new changes is the Central Bank introducing? The CBR is easing rules so mutual funds can invest up to 10% in crypto-linked derivatives, giving qualified investors more access to digital assets. Can Russian residents use crypto for daily payments? No. Crypto payments inside Russia remain strictly banned, and the rule is not…
Bithumb Shuts Down USDT Market After Regulatory Probe
Bithumb, South Korea’s second-largest crypto exchange, is closing its USDT market and order-book-sharing with Australia’s Stellar Exchange after only two months, amid regulators’ scrutiny of anti-money laundering controls.The shutdown took effect at 11:00 AM on Friday, impacting 10 cryptocurrencies traded in the USDT market.Regulatory Investigation Triggers ClosureThe Korea Financial Intelligence Unit (FIU) began an on-site…
