The crypto industry got a chance to make a full-throated appeal for Congress to finally intervene and set legal standards for digital assets businesses in the U.S. during a hearing Tuesday in front of the House of Representatives subcommittee that focuses on digital assets. Under the Republican-led subcommittee’s title “A Golden Age of Digital Assets,” … Read more
Another day, another once unthinkable crypto exchange traded fund filing. Canary Capital’s proposed Solana ETF has become the second such vehicle to reach the starting gate. In a regulatory filing Tuesday the Securities and Exchange Commission (SEC) opened up public comment on the “Canary Solana Trust,” a proposed ETF that would bring SOL investing into … Read more
Ether (ETH), the second largest cryptocurrency by market capitalization, recently sunk to its weakest price compared to bitcoin (BTC) since late 2020 in a trade war-fueled panic crash, but a relief bounce might be on the horizon. “ETH looks to be trying to establish some bullish momentum and could be looking to finally make a … Read more
When confronted by members of the Senate Banking Committee about concerns over the “debanking” trend plaguing the crypto industry, Federal Reserve Chairman Jerome Powell said he’s also worried about it and is already tweaking internal supervision policies at the Fed. “I too, am troubled by the quantity of these reports,” Powell said in routine testimony … Read more
Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD). A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, … Read more
When it comes to trading memecoins, time is money — and waiting on a centralized exchange (CEX) could cost you both. Take $TRUMP, for example. On Jan. 17, 2025, just before his inauguration, Donald Trump launched his memecoin on Solana, which surged past a $14.5 billion peak market cap on decentralized exchanges (DEXs) like Raydium … Read more
The launch of Unichain, Uniswap’s long-awaited layer-2 network, has seen the price of the decentralized exchange’s governance token UNI rise by around 4.5% to around $9.7 and led to a significant increase in social activity and sentiment. UNI’s price benefitted from the launch of Unichain but failed to break through the $10 mark. It still … Read more
Crypto ecosystem growth slowed in January, with total trading volume dropping 24%, Wall Street bank JPMorgan (JPM) said in a research report Tuesday citing TradingView data. Still, the activity is double the level before the U.S. election in November and the total market cap increased 8% to roughly $3.4 trillion, the report said. The market … Read more
The developers behind Lido, the largest staking service on Ethereum, have proposed revamping the staking platform with modular “vaults.” The new framework would introduce stVaults, a customizable component designed to help Lido accommodate institutions and more complex staking strategies. Lido currently allows investors to pool their ether (ETH) together and “stake” their crypto — locking … Read more
Uniswap Labs, the primary developer behind one of the largest decentralized exchanges (DEX), Uniswap, shared Tuesday that its long-awaited layer-2 network, Unichain, is now live. Powered by Optimism’s OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum’s mainnet. Developers can deploy apps onto the network, which has been optimized specifically … Read more