Coindesk

Crypto exchange WazirX has bagged over 93% approval votes from creditors for its proposed Scheme of Arrangement, bringing victims of its $230 million July hack closer to a partial asset recovery.The voting process, conducted on the Kroll Issuer Services platform from March 19 to March 28, involved over 141,000 creditors representing $195.65 million in approved claims.Of those, 131,659 creditors, holding $184.99 million, voted in favor, equating to 93.1% by count and 94.6% by value. This exceeded the requirements of Singapore’s Companies Act, where parent Zettai is based, which mandated a majority by count and 75% by value for approval.If the scheme was not approved, the process would have shifted towards liquidation under Singapore's Companies Act, likely resulting in lower asset...

Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is hoping to roll out a new bitcoin (BTC) futures product later this month if approved by regulators, the exchange said on Monday.The new trading vehicle, in partnership with FTSE Russell, will be cash-settled and based on the XBTF Index, which represents 1/10th the value of the FTSE Bitcoin Index. It will settle on the last business day of each month.If regulators approve Cboe’s application, the futures would begin trading on April 28, it said.Futures are a type of derivatives where the buyer and seller agree to trade an asset at a fixed price and date in the future. They are a popular vehicle to hedge and manage...

Teucrium Investment Advisors will debut the first-ever XRP exchange-traded fund (ETF) in the U.S.The Teucrium 2x XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard "spot" XRP ETF has been approved by regulators.“Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, although our odds are pretty high,” Bloomberg Intelligence analyst Eric Balchunas said in an X post.Typically, ETFs tracking emerging assets like cryptocurrencies begin with unleveraged "spot" funds — those that directly hold the underlying asset — before more complex leveraged products are introduced.Teucrium will charge a management fee of 1.85%....

China eased its grip on the yuan (CNY) on Tuesday, allowing it to depreciate beyond a key level, likely in response to President Donald Trump's aggressive tariffs. Crypto analysts anticipate that the yuan's depreciation could favor bitcoin (BTC), drawing parallels to similar events from a decade ago.Early Tuesday, the People's Bank of China (PBOC) set the so-called daily yuan fix at 7.2038 per dollar on Tuesday, the weakest since September. The yuan isn't a free float currency like the USD, euro and other G-7 nations and is allowed to trade in a range of 2% on either side of the daily fix announced at 9:15 a.m. Beijing time.The 7.2 level has been considered a "harder line in the sand" for...

Galaxy Digital is moving closer to a U.S. stock market listing after the Securities and Exchange Commission (SEC) approved its registration statement tied to a corporate reorganization. The crypto and AI infrastructure firm, currently listed in the Toronto Stock Exchange, aims to shift its home base from the Cayman Islands to Delaware and list shares on the Nasdaq as “GLXY.” The firm’s expansion into the U.S. market comes as institutional demand for regulated crypto products continues to grow.The company has scheduled a shareholder vote on the reorganization for May 9. The firm is expected to list shortly afterward. CEO Mike Novogratz called the registration effectiveness “an important milestone” in the firm’s bid to expand its reach. Galaxy provides institutional services...