Valkyrie Debuts BTFX, a 2x Leveraged Bitcoin Futures ETF
Valkyrie has debuted a new Bitcoin futures ETF, BTFX, that aims to double the daily performance of the CME Bitcoin Futures index. The ETF is one of the first leveraged Bitcoin products to be approved by the SEC, and it faces competition from other similar products in the market. Valkyrie has launched a new Bitcoin-leveraged […]
Coinbase Defends Ethereum as a Commodity in Response to SEC
Coinbase has submitted a letter to the SEC, arguing that Ethereum is not a security but a commodity. The crypto exchange cited Ethereum’s consensus mechanism, governance, and market treatment as evidence. The letter is part of Coinbase’s ongoing dispute with the SEC over crypto regulation. The exchange has responded to the matter in question. On […]
Crypto Super PAC Raises $85M to Support Allies for 2024 Elections
Fairshake, the crypto super political action committee (PAC), has raised $85 million in cash reserves to support political candidates who are favorable to cryptocurrency. The group has received donations from prominent figures and firms in the crypto industry, such as the Winklevoss twins, Coinbase, and Ripple. Fairshake, the crypto super PAC, has been on a […]
Coinbase Bags $500K Liquid Death Ad in USDC
Coinbase has made a bold move in the advertising space, winning the bid for the “Biggest Ad Ever” on Liquid Death cases. The crypto exchange paid $500,000 in USDC, saving $12,000 in fees and demonstrating the efficiency of cryptocurrency transactions. Coinbase has clinched a major advertising deal, emerging as the winning bidder for what is […]
DOJ Seeks Protective Order in CZ Binance’s Money Laundering Case
The U.S. Department of Justice (DOJ) has filed a motion for a protective order in the case against ex-Binance CEO Changpeng Zhao, who faces an 18-month prison sentence for violating anti-money laundering rules. The order aims to prevent the disclosure of sensitive information and witness identities. In the latest update in the United States vs […]