Coindesk

A spot dogecoin ETF DOGE may be coming closer to reality.ETF issuer Bitwise updated a regulatory filing for its dogecoin ETF on Thursday, suggesting approval chances could be growing, according to one expert.“Bitwise has filed amended S-1s for their spot dogecoin ETF and their spot aptos ETFs," wrote Bloomberg Intelligence's Eric Balchunas. "Good signs as it indicates SEC engagement, and tracks with other spot approvals."Also noteworthy is the fact that the dogecoin ETF filing was amended to include in-kind redemptions and creations, meaning that the broker-dealers interacting with the ETF can directly trade shares for DOGE tokens, or vice versa."Near-lock at this point that in kind will be allowed in spot ETFs across board," Balchunas added.As of right now, all...

Avalanche AVAX broke below critical $17.45 support level amid accelerated selling pressure, dropping 3.4% over 24 hours, according to CoinDesk Research’s technical analysis model.The move underperformed CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has fallen 1.6% in the same period of time.Technical Analysis• AVAX experienced a significant downtrend over the last 24 hours, falling from $17.82 to $17.21, representing a 3.4% decline with a total range of $0.85 (4.76%).• Price action formed a short-term "double top" pattern near $18.02, with the subsequent rejection leading to accelerated selling on above-average volume.• Volume spiked to 710,723 units, indicating a potentially strong bearish conviction as key support at $17.45...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2982.19, down 0.6% (-17.53) since 4 p.m. ET on Wednesday.Three of 20 assets are trading higher.Leaders: BCH (+2.7%) and ETH (+0.5%).Laggards: SUI (-4.6%) and HBAR (-3.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

A blank-check company backed by former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins is looking to raise $1 billion to build a publicly traded cryptocurrency treasury firm, Bloomberg reported citing sources familiar with the plans.The vehicle, M3-Brigade Acquisition V, plans to rebrand and use the cash to buy a basket of tokens including bitcoin BTC, ether ETH and Solana's sol SOL.The move comes as public companies worldwide are rushing to add cryptocurrencies as treasury assets. Many, however, are focusing on bitcoin, the largest crypto by market cap, alone. Among them, Anthony Pompliano's ProCap BTC this week said it planned to go public through a SPAC and stock up on BTC. Multitoken companies are rarer and Brigade Acquisition would...

By Omkar Godbole (All times ET unless indicated otherwise)Slowly, then suddenly. That sums up the adoption of bitcoin (BTC) and the wider cryptocurrency market by institutions.It started with Strategy, then called MicroStrategy, adopting BTC as a balance sheet asset in 2020. Now the head of the U.S. government agency overseeing Fannie Mae and Freddie Mac wants the mortgage giants to consider homebuyers' cryptocurrency holdings in their criteria for buying mortgages from banks."After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage. SO ORDERED," Bill Pulte, director...