DoubleZero’s ‘New Internet’ for Blockchains Nabs $400M Valuation from Top Crypto VCs
DoubleZero Foundation, a startup building a “new internet” to improve blockchain performance, raised $28 million at a $400 million valuation, according to three people familiar with the matter, and is now searching for “strategic partners” to invest more at $600 million. Dragonfly and Multicoin Capital lead the initial funding...
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US Senate Votes to Repeal IRS DeFi Reporting Rule
In the latest pro-crypto pivot in the US, the Senate has quashed a rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” The rule required decentralized finance platforms to report detailed information on customers to the...
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Bitwise files Aptos ETF with US SEC
Bitwise wants to bring Aptos exposure to U.S. investors, as it did for European traders on six Swiss exchanges....
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Canary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar
Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to...
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Bitwise files S-1 form to launch Aptos ETF in the US, token surges 7%
Bitwise has filed an S-1 application form twith the US Securities and Exchange Commission (SEC) on Mar. 5 to launch an Aptos (APT) exchange-traded fund (ETF). The news caused APT to surge 7% in one hour, increasing from $6.06 to $6.50 as of press time, based on CryptoSlate data....
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Ethereum price ‘double top’ hints at 42% drop as ETH bull market ends
A 357-day downtrend for Ethereum suggests that the bull market has forgotten about ETH. Is a price turnaround in sight?...
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XRP Active Addresses Soar 620% As Price Volatility Continues
On-chain data shows activity on the XRP network has registered a large spike over the past week as volatility has engulfed the market. XRP Active Addresses & Volume Have Shot Up Recently In a new post on X, analyst Ali Martinez has discussed about the latest trend in the...
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Bitcoin’s Latest Crash Sparks $818M In Realized Losses—2nd Largest This Cycle
On-chain data shows the Bitcoin investors have participated in a massive amount of loss taking as the asset’s price has gone through a crash. Bitcoin Entity-Adjusted Realized Loss Observed A Sharp Spike Recently In a new post on X, the on-chain analytics firm Glassnode has talked about the latest...
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Trump’s Crypto Push: IBIT Vs. ETHA – Which ETF Stands To Gain More?
President Donald Trump on Sunday unveiled plans to establish a U.S. “Crypto Strategic Reserve,” aiming to position the country as the global leader in digital assets. The reserve would include major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP, Solana, and Cardano. He reaffirmed his commitment to...
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Coinbase Rekindles Efforts To Introduce Tokenized Securities In The US
Coinbase Inc. (NASDAQ:COIN) is revisiting its ambition to bring tokenized securities to the U.S., a move it first attempted years ago but abandoned due to regulatory opposition. What Happened: The renewed push comes as the Donald Trump administration signals a more accommodating approach toward crypto, prompting changes at the...
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