A financial deal was supposed to help launch the MOVE token.Instead, it led to a token-dumping scandal, a Binance ban, and behind-the-scenes infighting. Contracts obtained by CoinDesk help explain where it all went wrong. Movement, the blockchain project behind the MOVE cryptocurrency, is investigating whether it was deceived into signing a financial agreement that granted … Read more
The Nasdaq exchange filed a 19b-4 form with the Securities and Exchange Commission (SEC) on Tuesday to approve listing and trading shares of the 21Shares Dogecoin ETF. Asset manager 21Shares submitted an S-1 registration with the SEC on April 10, as reported, in partnership with the House of Doge — the Dogecoin Foundation’s corporate arm … Read more
Bitcoin (BTC), the world’s largest digital asset by market value, recently held steady as President Donald Trump’s trade war spurred a shift away from U.S. assets. The so-called decoupling reinforced the belief of crypto advocates that BTC is as a safe haven and a low-beta play relative to equities. BlackRock’s Head of Digital Assets, Robert … Read more
BlackRock is preparing to bring blockchain to the back office of one of its largest funds, filing to offer a digital share class of its $150 billion Treasury Trust money market fund through BNY Mellon. The new “DLT Shares,” short for distributed ledger technology, won’t hold crypto. But BNY Mellon, the fund’s exclusive distributor, intends … Read more
The U.S. Securities and Exchange Commission (SEC) delayed approval decisions on spot xrp (XRP) and dogecoin (DOGE) exchange-traded funds (ETFs) late Tuesday, in line with analyst expectations. The SEC said it will wait until June 15 for the next steps for the Bitwise DOGE ETF and June 17 for the Franklin XRP Fund, separate filings … Read more
Libre, a tokenization firm that works closely with the likes of hedge fund Brevan Howard, investment management firm Hamilton Lane and Nomura’s digital assets unit Laser Digital, plans to tokenize $500 million worth of Telegram debt as the blockchain-based Telegram Bond Fund (TBF) on the TON network that’s linked to the messaging platform. TBF will … Read more
Two recent shepherds of U.S. crypto oversight — Republican former lawmaker Patrick McHenry and Democrat former Commodity Futures Trading Commission chief Rostin Behnam — shared a view that there’s a tremendous amount of work still to do on U.S. crypto legislation but that now is the moment to do it. McHenry, in a discussion hosted … Read more
Truth Social, the social media platform owned by Trump Media & Technology Group (DJT), which is majority-owned by U.S. President Donald Trump, is considering launching a cryptocurrency. “As part of our rewards program, we’re exploring the introduction of a utility token with a Truth digital wallet that can initially be used to pay for Truth+ … Read more
The crypto market experienced another relatively calm day on Tuesday despite widespread pessimism about the impact of the Trump administration’s tariffs on the economy. Bitcoin (BTC) is up 1% in the last 24 hours, trading at almost $95,400 and within sight of topping $96,000 for the first time since the second half of February. The … Read more
Tornado Cash is officially safe from U.S. sanctions, following a district court ruling on Monday. The Treasury Department’s Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, several months after an appeals court ruled that the agency had “overstepped its Congressionally-defined authority” by sanctioning the crypto mixing service’s smart … Read more
