Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum turns 10 as corporate treasury firms and Wall Street entities increase their Ether holdings, signaling growing institutional adoption. Corporations and Wall Street entities are starting to recognize Ether as the next emerging treasury asset as the world’s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday. Ethereum went live on July 30,…

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SEC votes to allow in-kind redemptions for crypto ETPs

SEC votes to allow in-kind redemptions for crypto ETPs

SEC Chair Paul Atkins said the new rules will make crypto exchange-traded products “less costly and more efficient.” The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), allowing investors to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the…

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Crypto on deck? Interactive Brokers explores stablecoin launch

Crypto on deck? Interactive Brokers explores stablecoin launch

Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup. Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Bitcoin’s (BTC) price is approaching a key resistance zone after rebounding nearly 4% from its recent low. Meanwhile, Divine Research issued 30,000 unbacked USDC…

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