Nasdaq files SEC Form 8-K confirming proposal to expand crypto benchmark from 5 to 9 digital assets, adding XRP, SOL, ADA, and XLM, allowing Hashdex Nasdaq Crypto Index US ETF (NCIQ) to transition to broader index.

Leave a Comment / Cryptocurrency Updates, News /

Nasdaq’s proposal to expand its crypto index from 5 to 9 assets, adding $XRP, $SOL, $ADA, and $XLM, reflects a strategic shift to mirror the growing diversity of the cryptocurrency market, building on the SEC-approved Hashdex Nasdaq Crypto Index US ETF (NCIQ) launched in December 2024, which initially tracked only Bitcoin and Ethereum. The SEC’s […]

Nasdaq files SEC Form 8-K confirming proposal to expand crypto benchmark from 5 to 9 digital assets, adding XRP, SOL, ADA, and XLM, allowing Hashdex Nasdaq Crypto Index US ETF (NCIQ) to transition to broader index. Read More »

SEC Chair Paul Atkins says the right to self custody crypto “is a foundational American value.”

Leave a Comment / Cryptocurrency Updates, News /

SEC Chair Paul Atkins, in a significant shift from previous regulatory stances, emphasized during a roundtable discussion that self-custody of cryptocurrency aligns with foundational American values, particularly the right to private property, challenging the notion that such rights should diminish in digital contexts. This statement comes at a time when the U.S. crypto regulatory environment

SEC Chair Paul Atkins says the right to self custody crypto “is a foundational American value.” Read More »

Treasury Secretary Bessent says “we are going to grow the GDP faster than the debt growth and that will stabilize the debt-to-GDP.”

Leave a Comment / News /

The post references a statement by Scott Bessent, the U.S. Treasury Secretary, who aims to stabilize the debt-to-GDP ratio by ensuring GDP growth outpaces debt growth, a strategy that aligns with economic theories suggesting that sustainable debt levels are manageable if economic output grows sufficiently. This approach is particularly relevant given the historical context where,

Treasury Secretary Bessent says “we are going to grow the GDP faster than the debt growth and that will stabilize the debt-to-GDP.” Read More »

Saylor’s STRATEGY Will Buy Bitcoin Again

Leave a Comment / Cryptocurrency Updates, News /

Michael Saylor’s post references MicroStrategy’s $59.13 billion Bitcoin portfolio, highlighting their strategy since 2020 to acquire Bitcoin as a treasury reserve asset, with 558,340 BTC purchased at an average of $29,171 each, now valued at $105,518 per coin amid Bitcoin’s surge past $105,000. The phrase “buys orange ink by the barrel” alludes to the saying

Saylor’s STRATEGY Will Buy Bitcoin Again Read More »

UBS, the $1T banking giant, says their wealthy clients are ditching US dollar assets for crypto

Leave a Comment / Cryptocurrency Updates, News /

The news came from a video from a Bloomberg New Voices event where a representative from UBS, a major Swiss banking institution, discusses the increasing interest in cryptocurrency among wealthy clients, noting a trend of allocating up to 5% of their portfolios to crypto assets. This shift is part of a broader trend where traditional

UBS, the $1T banking giant, says their wealthy clients are ditching US dollar assets for crypto Read More »

JPMorgan Chase settles first public transaction of tokenized treasuries using Chainlink

Leave a Comment / Cryptocurrency Updates, News /

JPMorgan Chase’s first public transaction of tokenized treasuries using Chainlink’s $LINK, announced on May 14, 2025, marks a significant step in blockchain adoption by traditional finance, building on a 2024 DTCC pilot with Chainlink that included major players like BNY Mellon and Franklin Templeton to standardize fund data on blockchains. Chainlink, launched in 2019 to

JPMorgan Chase settles first public transaction of tokenized treasuries using Chainlink Read More »

Facebook seeks to launch crypto wallets and payments for 3 billion users

Leave a Comment / Cryptocurrency Updates, News /

Facebook’s 2025 announcement to launch crypto wallets for 3 billion users revives its earlier Libra project, which was shelved in 2019 due to regulatory fears of undermining sovereign currencies and enabling money laundering, as noted in a Forbes article from October 24, 2019. The initiative focuses on stablecoins, pegged to assets like the US dollar

Facebook seeks to launch crypto wallets and payments for 3 billion users Read More »

Pharmaceutical distributor, Wellgistics Health, set to integrate $XRP as a treasury and payments asset in $50 million financing deal

Leave a Comment / Cryptocurrency Updates, News /

Wellgistics Health, a NASDAQ-listed pharmaceutical distributor, announced a $50 million financing deal on May 08, 2025, integrating XRP as a treasury reserve and payment asset to enhance real-time healthcare transactions, aiming to reduce banking delays and costs across its network. XRP, developed by Ripple Labs, is a blockchain-based digital asset designed for fast, low-cost cross-border

Pharmaceutical distributor, Wellgistics Health, set to integrate $XRP as a treasury and payments asset in $50 million financing deal Read More »

SEC has officially filed for a $50 million settlement with Ripple over XRP lawsuit

Leave a Comment / Cryptocurrency Updates, News /

Cointelegraph announces a $50 million settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, concluding a high-profile lawsuit over XRP’s alleged unregistered securities sales, which began in December 2020 when the SEC claimed Ripple raised $1.3 billion illegally. This settlement reduces the penalty from an earlier $125 million fine imposed in August

SEC has officially filed for a $50 million settlement with Ripple over XRP lawsuit Read More »

Hester Peirce says the agency is considering a conditional exemption to allow trading of tokenized securities using blockchain, aiming to foster innovation while maintaining investor protections

Leave a Comment / Cryptocurrency Updates, News /

Hester Peirce, a U.S. SEC Commissioner often called “Crypto Mom” for her pro-innovation stance, announced the SEC is exploring a conditional exemption for tokenized securities on blockchain, aiming to modernize financial markets while ensuring investor protections through strict oversight. Tokenized securities involve digitizing assets like stocks or bonds on a blockchain, enabling faster settlements and

Hester Peirce says the agency is considering a conditional exemption to allow trading of tokenized securities using blockchain, aiming to foster innovation while maintaining investor protections Read More »