Coindesk

SEC Approves In-Kind Redemptions for All Spot Bitcoin and Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has approved the use of in-kind creation and redemption processes for all spot bitcoin (BTC) and ethereum (ETH) exchange-traded funds (ETFs), marking a significant shift in the regulator’s approach to digital assets under its new leadership.The decision allows authorized participants—large institutional investors who facilitate ETF liquidity—to create and redeem ETF shares directly in BTC or ETH, rather than having to use cash. The mechanism is widely seen as more efficient and secure as it lets authorized participants to closely track investor demand and adjust ETF share supply in real time, without the need to convert assets back and forth into fiat currency.This marks the SEC’s first major crypto-friendly policy move since Paul Atkins...

DOGE, SOL and XRP Lead Altcoin Losses as Rate Jitters and Leverage Unwind Hit Crypto

Altcoins slid sharply Tuesday as traders braced for a wave of economic events, including a Federal Reserve interest rate decision due Wednesday.Leading the pack are XRP, solana (SOL) and cardano (ADA) which all fell more than 3% over the past 24 hours as well as dogecoin (DOGE), avalanche (AVAX) and sui (SUI) which are down more than 5%.The continuing sell-off has dragged XRP and SOL down about 13% over the past seven days. DOGE plunged even further, about 18% over the same period.Bitcoin (BTC), on the other hand, is trading roughly flat over the past 24 hours at $117,312.Altcoins have been under pressure since early last week as traders piled into leveraged bets. A packed calendar of economic data is...

Crypto Has a Comms Issue

Earlier this month, NPR ran a headline, “Why there's so much excitement around a cryptocurrency called stablecoin.”If you want to understand where crypto stands with legacy media in 2025, start there. The piece was a basic primer on a decade-old innovation that settles nearly $27 trillion annually, surpassing the combined annual transaction volume of Visa and Mastercard. Stablecoins are not new, and neither is the media’s incuriosity about them. It was the most recent proofpoint that in the eyes of legacy media, crypto remains suspended in a state of perpetual novelty.The gap between crypto’s market performance and the stories told about it reveals a deeper communications failure. It keeps the public in the dark about transformative advances in a $4...

EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

Digital trading platform eToro (ETOR) shared plans on Tuesday to tokenized U.S-listed equities on the Ethereum blockchain, joining rivals to move towards blockchain-based marketplaces.The ERC-20 tokens will represent the underlying shares held on eToro and can be redeemed back into traditional stock holdings, according to the press release. The company said the aim is to make equities tradable on-chain and compatible with decentralized finance (DeFi) applications, opening the door to around-the-clock market access."Our goal is to tokenize every asset on eToro – starting with stocks – enabling our users to move tokenized assets onto the blockchain and from there integrate them into the broader DeFi ecosystem," CEO Yoni Assia said in a statement. ""He said that new crypto regulations like...

Polkadot’s DOT Slips 3% as Failed Recovery Attempts Signal Weakness

Polkadot's DOT dropped more than 3% in the last 24-hours, sliding from $4.09 to $3.96, according to CoinDesk Research's technical analysis model.Support has formed around $3.91-$3.93 levels with notable volume spikes during overnight trading sessions, according to the model.Volume analysis points to exhausted selling near current support zones.The Tie presented a webinar today about real-world use cases for the Polkadot blockchain, according to a post on X.The drop in DOT came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently down 1.2%.In recent trading, DOT was 3.1% lower over 24 hours, trading around $3.95.Technical Analysis:Price declined more than 3% over 24-hour period from $4.09 to $3.96.Support levels established around $3.91-$3.93 range.Resistance zone identified...