Grayscale Unveils Avalanche Trust, AVAX Soars 10%
Grayscale launches Avalanche Trust, a single-asset crypto investment trust, prompting AVAX to rise 10% today. Grayscale Investment, a leading crypto asset manager, has unveiled an investment trust for Avalanche. Following this announcement, AVAX’s price surged by nearly 10%, signaling a positive shift in investor sentiment. This development also underscores the asset manager’s commitment to broadening its […]
Magic Eden Foundation Announces Launch of ME Token
The Magic Eden (ME) Foundation has announced the forthcoming launch of the ME token to enhance the trading of cross-chain digital assets in support of Web3 consumer decentralized applications (DApps). The ME Foundation’s mission, as stated in a press release disclosed to Cointelegraph, is to assist in developing the ME decentralized autonomous organization (DAO) protocols […]
Franklin Templeton Money Market Fund Extends to Avalanche
Franklin Templeton, a global asset management firm, has extended its Franklin OnChain US Government Money Fund to the Avalanche network. The “first-of-its-kind onchain money market fund” on Avalanche will be the “expansion to the layer-1 blockchain,” as stated in a press release shared with Cointelegraph. Benji Investments, Franklin Templeton’s blockchain-integrated record-keeping system, is accessible to […]
Bithumb Wins 130M Won Corporate Tax Lawsuit
The Seoul High Court Administration Department recently absolved Bithumb of a massive 130 million won corporate tax charge. The Seoul High Court Administration Department 1-3 has recently ruled in favor of the South Korean crypto exchange, Bithumb, regarding an appeal to eliminate specific tax charges. Presided over by Judges Lee Seung-han, Shim Jun-bo, and Kim […]
Hong Kong Regulator Targets Noncompliant Crypto Exchanges
A regulator in Hong Kong has expressed dissatisfaction with the ongoing examinations of cryptocurrency exchanges awaiting full licensing in the region. The city’s regulator has granted initial approvals to certain applicants; however, completion of the licensing process is contingent upon complete adherence to SFC’s regulations. The Hong Kong Securities and Futures Commission (SFC) discovered that […]