The launch comes only a few weeks after Grayscale rolled out its most recent fund, the Grayscale Avalanche Trust, offering investors exposure to the AVAX (AVAX) token. The asset manager currently offers over 20 different crypto investment products, a number that has grown after the launch of the spot bitcoin exchange-traded funds (ETFs) in January, which spurred interest for publicly tradable products tracking cryptocurrencies. Source
A subcommittee of the CFTC’s Global Markets Advisory Committee voted to pass the recommendations on to the full committee, which is expected to vote on the recommendations later this year, the report said citing two people familiar with the matter. Source
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If bitcoin’s price drops below $62,000 by the maturity date, the buyer will likely exercise this option, forcing Metaplanet to buy 223 bitcoin at the higher strike price. Therefore Metaplanet’s bitcoin holdings would increase by 223 bitcoin, even if the market price by Dec. 27 is lower, however the premium partially offsets the spot price risk. Source
Australia’s police has confiscated $6.4 million in cryptocurrency as part of a global crackdown on Ghost, an encrypted communications network, authorities allege was “built solely for the criminal underworld,” a statement said. Source
Just as optimism was about to surge, clouds rolled in, pushing prices lower. Source
We have fined Police Service Northern Ireland (PSNI) £750,000 for exposing the personal information of its entire workforce, leaving many fearing for their safety. Our investigation found that simple-to-implement procedures could have prevented the serious breach, in which hidden data on a spreadsheet released as part of a freedom of information request revealed the surnames, initials, ranks and roles of all 9,483 PSNI officers and staff. Mindful of the current financial position at PSNI and not wishing to divert public money from where it is needed, the Commissioner used his…
Key Difference Labs, a venture capital firm, is partnering with Lisk, an Ethereum layer-2 project, to launch the Lisk Pioneer Program, an incubator program for projects looking to build on the Lisk blockchain. According to the team: “Benefits Include Funding: $100,000 per project (total of 20 projects); Mentorship: Guidance from industry leaders with a proven track record; and Exposure: Access to events, marketing support, and networking opportunities. This program is a four-month go-to-market process. Startups will receive expert guidance on tokenomics, raising capital, partnerships, community growth, and assistance with exchange…
In July 2023, the judge ruled that while Ripple violated federal securities law through its institutional sales of XRP, its programmatic sales to retail exchanges did not violate securities rules. The SEC attempted to file an interlocutory appeal against the motion for summary judgement, but was denied by the judge. Source
“We have been incredibly fortunate that such an accomplished public servant, Gurbir Grewal, came to the SEC to lead the Division of Enforcement for the last three years,” SEC Chairman Gary Gensler said in a press statement. “Every day, he has thought about how to best protect investors and help ensure market participants comply with our time-tested securities laws. He has led a Division that has acted without fear or favor, following the facts and the law wherever they may lead.” Source