Crypto News

The Securities and Exchanges Commission (SEC) has set itself a deadline for a decision on whether it will allow an exchange-traded fund (ETF) tracking the price of XRP (XRP).The SEC acknowledged a 19b-4 filing by the New York Stock Exchange (NYSE) and asset manager Grayscale, which is the first time it has responded to a filing regarding the crypto asset. This means that the Commission now has up to 240 days to make a decision on the filing.While the regulator has previously acknowledged several other applications for crypto-focused ETFs, including for Solana (SOL), Litecoin (LTC) and Dogecoin (DOGE), this latest acknowledgement is is significant given that the SEC’s ongoing lawsuit against Ripple, the issuer of XRP.The SEC sued Ripple in...

Over the last 60 minutes, XRP currently fluctuates between $2.69 and $2.75, marking a 12.5% daily gain, with its valuation reaching $158 billion. Trading activity over 24 hours totals $6.58 billion, while intraday price swings span $2.42 to $2.77. The digital asset on Friday lingers 18.7% beneath its historic peak. XRP XRP’s hourly chart revealsSource link

Tether, the cryptocurrency firm behind the $140 billion USDT stablecoin, said on Friday it has invested in Italian football club Juventus FC.The firm's investment arm, Tether Investments, acquired a minority stake in the sports club, according to a press release shared with CoinDesk."Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally," said Tether CEO Paolo Ardoino in a statement.The acquisition comes after Tether reported $13 billion in profits last year, and expanded beyond its core stablecoin business with investments in artificial intelligence, payments and energy companies.Source link

Gaorong Ventures, a prominent Chinese venture capital firm known for its early backing of internet giants in the country, has invested $30 million into the operator of Hong Kong’s largest licensed crypto exchange, HashKey Group, according to a Bloomberg report.The backing came at a pre-money valuation of over $1 billion, according to the report. A HashKey spokesperson reportedly said that the post-money valuation was close to $1.5 billion.China has banned cryptocurrencies a number of times. Its latest crackdown came in 2021 saw various crypto platforms leave the country, yet Chinese investors are upping their bets on the cryptocurrency space. Tencent Holdings, for example, has recently invested in crypto market maker Wintermute, the outlet reports.Early last year, HashKey Group raised a...

The fourth day of consecutive outflows for bitcoin ETFs saw a loss of $156.69 million, with significant withdrawals from Fidelity’s FBTC and ARK 21Shares’ ARKB. In contrast, ethereum spot ETFs attracted $12.92 million in inflows, led by Blackrock’s IBIT and Fidelity’s FETH. Bitcoin ETFs Shed $650.76 Million Over Four Days Bitcoin and ether exchange-traded fundsSource link