$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF

Categories
Crypto News

T. Rowe Price has brought what it said is the industry’s first actively managed multi-token spot crypto exchange-traded fund (ETF) to the market. The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets rather than a single token. The launch marks a milestone for […]

Keyrock acquires BlockFills trading assets in institutional crypto xxpansion

Categories
Crypto News

Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday. The completed transaction adds BlockFills’ client relationships, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses spanning market making, over-the-counter (OTC) trading, […]

Stablecoins see biggest drop since 2022 crypto winter led by Tether (USDT), Circle’s USDC decline

Categories
Crypto News

The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market. Tether’s USDT fell from $78 billion to $65 billion between March and November 2022. For USDC, […]

The UK has finally shown it’s serious about crypto

Categories
Crypto News

Then-Prime Minister Rishi Sunak announced the UK’s ambitions to be a “global cryptoasset hub” all the way back in 2022. Since then, that goal has seemed more like a distant aspiration rather than actuality. But several recent announcements suggest the gap between fantasy and reality might finally be narrowing. Within days of each other, the […]

Ethereum’s newest nonprofit wants to become Wall Street’s guide to crypto

Categories
Crypto News

For Ethereum Institutional’s founders, becoming an independent nonprofit rather than remaining within the foundation was a deliberate choice. “The EF has always been quite vocal about its principle of subtraction,” Dawson said, referring to the organization diving up responsibilities for the network to other organizations . “This is an example of that increasing decentralization, and […]

Vanguard opens search for digital assets leader in sign of evolving crypto strategy

Categories
Crypto News

Vanguard has opened the search for a head of digital assets, creating a senior role that would oversee the firm’s strategy for cryptocurrencies and blockchain-based financial technology. The position, listed within Vanguard Personal Wealth, calls for an executive to develop the firm’s digital asset vision, identify business opportunities and lead execution across product, technology, operations, […]

Clarity and Congress’s summer break: State of Crypto

Categories
Crypto News

The president also disclosed holding north of $100 million in various cryptos, and a few smaller stakes in firms like Corewave. Senator Elizabeth Warren, the senior-most Democrat on the Banking Committee, called for an ethics provision in the Clarity Act in a statement after the disclosure, saying, “The crypto legislation heading to the Senate floor […]

Europe led on crypto regulation. Now implementation must match ambition

Categories
Crypto News

Europe has done something important. With MiCA, the EU created the world’s first comprehensive regulatory framework for crypto-assets. That is a significant achievement, not only for the digital asset industry, but for Europe’s wider ambition to lead in responsible financial innovation. MiCA’s promise was clear: a harmonised single-market framework for crypto-asset services across the EU, […]

Inside the fierce data dispute over whether a sanctioned Russian crypto token is actually working to evade Western blocks

Categories
Crypto News

“We truly don’t think there is large-scale, authentic usage of A7A5 outside of A7,” Keegan said in an email, referring to the token’s issuer. He added that transaction volumes routinely collapse on weekends because much of the activity appears tied to business-to-business transfers involving the Russia-linked exchange Grinex. Meanwhile, Tom Robinson, co-founder of another blockchain […]

Donald Trump says there’s ‘nothing wrong’ with his $1.4 billion crypto windfall

Categories
Crypto News

President Donald Trump said there is ‘nothing wrong’ with the money his family has made in crypto, responding to financial disclosures that showed he earned at least $1.4 billion from the industry last year. Asked in a CNBC interview on Thursday at the White House whether he knew about the ventures, Trump said “I could […]

Ukraine transfers $8.3 million in seized crypto amid potential plans for strategic reserve

Categories
Crypto News

“This is the first time that seized crypto assets have actually been handed over to state management,” the statement reads. The funds came from wallets controlled by a member of an alleged international hacker group, the office said. However, fund management involves custody of the digital assets, not ownership. The USDT sits in a wallet […]