A proposed exchange-traded fund (ETF) combining Pudgy Penguins’ PENGU token and its non-fungible tokens (NFTs) has progressed to formal review by the U.S. Securities and Exchange Commission (SEC), according to a new report by Animoca Brands Research. Animoca Highlights Pudgy Penguins’ Path: IP Boom to ETF Filing Animoca researchers note that the hybrid product, filed […] Source CryptoX Portal
A new Glassnode report has revealed that $141,000 could end up being the next major resistance for Bitcoin, should its price break convincingly higher. Bitcoin Is Currently Trading Between These Two STH Pricing Bands In its latest weekly report, the on-chain analytics firm Glassnode has discussed the Short-Term Holder (STH) Cost Basis and some pricing bands derived from it. This indicator measures, as its name suggests, the cost basis or acquisition level of the average investor part of the STH cohort. Formally, STHs are defined as investors who have been…
The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies. Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are securities and which are commodities was the first issue outlined in the report, released on Wednesday. According to recommendations in the document, jurisdictional oversight over digital assets should be shared between the Commodity Futures Trading…
Key Notes The White House has scheduled the release of a crypto policy report for July 30. The document holds information on President Donald Trump’s administration’s stance on crypto-related subjects like tokenization. The cryptocurrency working group, established in the early days of Trump’s administration, is responsible for the release of the crypto policy report. The White House has scheduled the release of a crypto policy report for July 31, keeping the broader cryptocurrency sector in anticipation mode. This document holds details of the federal government’s stance on crypto assets as…
Kraken is reportedly set to raise half a billion dollars in funding at a valuation of $15 billion as the American crypto exchange eyes a potential public offering. The Information reported the $500 million funding plan on Tuesday, citing people familiar with the matter, adding that Kraken was last valued at about $11 billion in 2022. Bloomberg reported in March that Kraken was targeting a public debut as early as the first quarter of 2026, citing a more friendly regulatory environment under the Trump administration. The company could be looking…
Key points: Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon. This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Bitcoin (BTC) continued to trade within the $117,000 to $120,000 range on Tuesday, and it looks poised for a daily close below $118,000. Some analysts have called for BTC to retest underlying support at $114,000 to $110,000, and while technicals do support such a…
Coinbase is reportedly in “advanced discussions” to acquire CoinDCX, the recently hacked Indian crypto exchange in which it already holds a stake, according to a local news report. If completed, the deal would be valued at less than a billion dollars and deepen Coinbase’s ties in the Indian market, according to a report from Mint on Monday, which cited two unnamed sources familiar with the matter. “Coinbase sees this as a long-term strategic bet,” one of the sources told Mint, adding: “Buying CoinDCX at this discounted valuation is essentially a…
In the second quarter of 2025, TRX’s circulating market capitalization rose by 17% to $26.5 billion, while the Tron network’s total revenue increased by 20.5% from $760.2 million to $915.9 million. Usage Metrics Show Positive Trend In the second quarter (Q2) of 2025, the TRX circulating market capitalization jumped 17% to $26.5 billion while its […] Source CryptoX Portal
Christie’s International Real Estate has debuted the first major U.S. brokerage division focused exclusively on cryptocurrency-based home sales, The New York Times (NYT) reported. U.S. Brokerage Christie’s Pioneers Crypto Home Purchases Spearheaded by Aaron Kirman in Los Angeles, the division enables homebuyers to skip banks entirely by paying with digital currency, according to a report […] Source CryptoX Portal
Strategy Inc. dramatically increased its latest preferred stock sale targeting bitcoin purchases to $2 billion from an initially planned $500 million, Bloomberg reported Thursday, citing a person familiar with the matter. The bitcoin-focused treasury firm, led by Michael Saylor, priced its Series A Perpetual Stretch preferred shares (STRC) in New York amid strong investor demand […] Original