Tech
Since Coinbase announced it added DEGEN to its listing roadmap, the token has seen its market cap surpass $160 million.
Regulation
A judges’ order permits Kalshi, as well as other designated contract markets, to host election-related bets for at least the next several months.
Business
Crypto-focused asset manager Bitwise has taken the first steps towards launching an XRP ETF.
Bitcoin
Bitcoin’s drop below $61,000 triggered more than $500 million worth of liquidations over the last 24 hours.
Bitcoin falls 2% as geopolitical tensions rise between Iran and Israel, with investors turning to gold as a safe haven.
DeFi
The EIGEN token can now be traded, transferred or staked and is trading at a fully diluted value of $7.2 billion.
Ethereum
BlackRock’s ETHA had one of its best weeks as it surpassed $1 billion in assets under management, but the company’s head of digital assets doesn’t expect inflows to match the pace of Bitcoin ETFs any time soon.
Fresh off a Congressional hearing that lambasted the SEC chair for his approach to crypto, Gary Gensler still advocates for a rule to redefine the term “exchange” so the SEC can regulate crypto and DeFi.
FTX creditors did not take well to a last-minute revelation by the bankruptcy estate, which earmarked 18% of forfeiture proceeds to a preferred shareholders remission fund.
The SEC and CFTC typically aim to issue enforcement actions before the end of September 30, but political considerations could be getting in the way this time around.