Crypto News
Crypto ETFs Likely Won’t Be Approved Until New SEC Chair Is Sworn In
Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications, the agency is unlikely to make any decisions approving these products until its leadership is settled.“I would have been very very surprised if they approved any of these filings before Atkins was confirmed at their first deadlines,” said James Seyffart, an ETF analyst at Bloomberg Intelligence. “It’s been our assumption that anything that can be pushed until Atkins is officially at the SEC, will be pushed back.”A person familiar with the matter told CoinDesk that they agree with that view. “This administration has shown an ability to break precedent, so I guess it’s within the realm of possibility to see an...
CBOE Applies for Rules Change to List Franklin Templeton Solana ETF
Grayscale, Canary Capital, Bitwise and 21Shares have filed for ETFs in recent months tracking the price of the sixrh largest crypto by market value.Source link
US Inflation Dips to 2.8%, But Blockchain Data Suggests It’s Even Lower
On Wednesday, the U.S. Bureau of Labor Statistics unveiled its latest findings, revealing that February’s Consumer Price Index—a key measure of inflation—eased to 2.8%, coming in slightly under the anticipated 2.9%. CPI Shows Inflation Cooling, But Real-Time Data Tells a Different Story Inflation in the United States is steadily easing, as the most recent ConsumerSource link
Binance Labs-Backed Network Hemi Debuts $440M Mainnet to ‘Unify’ Bitcoin, Ethereum
EMB: March 12, 16:00 UTCModular blockchain Hemi Labs' unveiled its mainnet with $440 million in total value locked (TVL).Hemi, founded by early Bitcoin developer Jeff Garzik, plans to unify Bitcoin and Ethereum, the two oldest and largest blockchains, into "a single supernetwork," according to an emailed announcement. Hemi is built on both Bitcoin and Ethereum to combine the best qualities of both, taking advantage of Bitcoin's security and Ethereum's programmability. The project raised $15 million in a funding round led by Binance Labs last September.The project is one of several looking to transform the broader blockchain landscape, particularly with regard to decentralized finance (DeFi), through combining Bitcoin and Ethereum due in part to the deep stores of value held in...
From Ethereum’s Engine Room to Wall Street: Danny Ryan’s New Mission
As controversy swirled around the Ethereum Foundation (EF) this winter, one of Ethereum's most respected architects was quietly plotting his next move. Danny Ryan—a key visionary behind Ethereum's most ambitious upgrade, "The Merge"—left the EF in September but entered talks a few months later to rejoin the organization as its new leader."I was in conversation with Vitalik and others to potentially go back to help run the Ethereum Foundation," Ryan revealed in a candid interview with CoinDesk. But as the non-profit behind the second-largest blockchain underwent a dramatic leadership reshuffle, Ryan's trajectory unexpectedly shifted elsewhere — towards bringing Ethereum to Wall Street.The changes at the Ethereum Foundation came amid growing community unrest. Critics blamed the foundation for their perception...