Brazilian asset manager Hashdex has recently filed an application with the US Securities and Exchange Commission (SEC) to introduce an Ethereum exchange-traded fund (ETF). Known as the Hasdex Nasdaq Ethereum ETF, this investment fund, if approved, will bring forth a distinctive approach to address market volatility concerns. Managed by Toroso Investments in collaboration with the…

Yesterday, September 13, the US Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC with conducting an unregistered offering of crypto asset securities. This offering, in the form of non-fungible tokens (NFTs), raised approximately $8 million to fund an animated web series called Stoner Cats. The SEC’s latest action has generated criticism from Ripple’s…

Traditional Finance’s (TradFi) interest in the crypto industry continues to grow as one of the world’s largest asset managers, Franklin Templeton, has recently joined the Spot Bitcoin ETF race. This move follows the company’s application with the US Securities and Exchange Commission (SEC), making Templeton the twelfth financial institution to seek approval for offering a…

The decentralized cryptocurrency exchange (DEX) landscape has been grappling with a pervasive concern known as wash trading, as highlighted in a recent report by Solidus Labs. This deceptive practice, which artificially inflates trading volumes, is jeopardizing the trustworthiness of these supposedly trustless platforms. The Illusion of Wash Trading: Wash trading entails simultaneous buying and selling…

In a recent press conference on Central Bank digital currencies (CBDCs) and crypto, Congressman Tom Emmer, the US House Majority Whip and prominent Republican, addressed the House Republicans’ commitment to fulfilling promises made to the American people. Central to their agenda is the protection of economic freedom, leading to the reintroduction of the Central Bank…

There have been recent developments in the legal confrontation between Ripple and the US Securities and Exchange Commission (SEC) that highlight the likelihood of a protracted and hard-fought battle. Ripple’s President, Monica Lang, has indicated that the company is determined to see the case “all the way through” rather than settling with the Commission, despite…