Canary Capital Group Inc. has filed with U.S. securities regulators to launch an exchange-traded fund (ETF) tracking the price of the official Trump-themed meme coin, TRUMP. Canary Is Shooting for a TRUMP ETF The proposed Canary Trump Coin ETF was detailed in an S-1 registration statement filed with the Securities and Exchange Commission (SEC) on […] Source
Key Notes Bitwise’s Chainlink ETF will be structured as a Delaware statutory trust with NAV linked to the CME CF Chainlink–Dollar Reference Rate. Shares will be created and redeemed in blocks of 10,000 via a “Trust-Directed Trade” system, allowing transactions in LINK or USD. The ETF filing has driven increased whale activity and trading volumes, fueling bullish sentiment for LINK. In the latest development, Bitwise Asset Management has submitted an S-1 filing to the US Securities and Exchange Commission (SEC) to launch a spot Chainlink LINK $24.17 24h volatility: 1.6%…
Pro-XRP lawyer Bill Morgan has called out Jorge Tenreiro, who was the lead counsel in the Ripple case. This follows the conclusion of the long-running legal battle between the crypto firm and the U.S. SEC. XRP Lawyer Calls Out Counsel In Ripple Case In an X post, Bill Morgan revealed that the lead counsel for the SEC in the Ripple case is now a partner at a major law firm. The pro-XRP lawyer further stated that Tenreiro’s profile refers to some of his courtroom successes in crypto enforcement. However, he…
US digital asset investment firm Canary Capital Group has filed with the Securities and Exchange Commission (SEC) to launch the Canary American-Made Crypto ETF (MRCA). According to a Friday filing, the proposed fund would track an index of cryptocurrencies created, mined or primarily operated in the United States, with shares slated to trade on Cboe BZX under the ticker MRCA. The trust also plans to stake its proof-of-stake holdings through third-party providers, adding rewards to its net asset value. The Made-in-America Blockchain Index will admit only assets that meet strict…
Key Notes XRP price rallied above $3.50 on Fed rate-cut hints but retreated to $3.02 on Sunday Aug 24, after missing the $3.84 target. Ripple and SEC officially settle, ending appeals and affirming XRP is not a security for secondary trades. Coinglass data shows $1.16 billion in XRP shorts vs $519 million longs, signaling heightened bearish pressure. Ripple (XRP) price closed strongly last week, rallying to $3.50 for the first time since 2021. Two factors drove the upside momentum. First, US Fed Chair Jerome Powell hinted at rate cuts in…
The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October. In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct. 19 for the 21Shares Core XRP Trust. The Truth Social Bitcoin and Ethereum ETF, submitted on June 24, is structured as a commodity-based trust holding Bitcoin (BTC) and Ether (ETH) directly and issuing shares backed…
Key Notes Ripple (XRP) price rebounded 2% on Saturday, Aug 16, holding firm above the $3 support despite broader market weakness. SEC and Ripple jointly moved to dismiss appeals in their $125 million case, awaiting final approval from the Court of Appeals. The resolution will enforce Ripple’s penalty but uphold Judge Torres’ ruling that XRP is not a security in secondary trading. XRP Price Holds $3 as Ripple–SEC Case Nears Final Resolution Ripple (XRP) price climbed 2% on Saturday, August 16, stabilizing above the $3 support despite a sharp decline…
Amid the recent market pullback, Solana (SOL) is attempting to reclaim a crucial area to continue with its bullish rally. Some analysts have suggested that the cryptocurrency will likely break out to new highs if a key support level is held. Related Reading Solana Back Below $200 Earlier this week, the market soared under the lead of the two largest cryptocurrencies. Bitcoin (BTC) hit a new all-time high (ATH) of $124,000, and Ethereum (ETH) hit a multi-year high of $4,788 in the early hours of Thursday. Nonetheless, higher-than-expected macroeconomic signals…
Andreessen Horowitz (a16z) and the advocacy organization DeFi Education Fund have asked the US Securities and Exchange Commission (SEC) to set up a safe harbor program for non-fungible token (NFT) and decentralized finance (DeFi) applications from the agency’s broker-dealer registration requirements. In a Wednesday letter to SEC Commissioner and Crypto Task Force head Hester Peirce, a16z and the DeFi group said they were following up on US President Donald Trump’s Working Group on Digital Assets call to “provide relief for certain DeFi service providers from the broker-dealer […], exchange […],…
Jessie A Ellis Aug 13, 2025 09:31 A16z crypto proposes a safe harbor for blockchain apps to avoid misclassification as brokers, urging the SEC to clarify regulatory guidelines for decentralized finance and NFT interfaces. The U.S. Securities and Exchange Commission (SEC) is being urged to establish a safe harbor for blockchain applications, which are currently facing regulatory ambiguity that could stifle innovation. According to a16z crypto, a prominent venture capital firm, the proposed safe harbor would ensure that non-custodial, non-discretionary decentralized finance…