The crypto market continues to evolve rapidly, with major companies and institutions making significant moves.
Recent developments include new investment products, corporate acquisitions, regulatory proposals, and shifts in market sentiment, all shaping the future of digital assets.
VanEck Files to Set Up a Trust for Potential BNB ETF
VanEck has filed to create a trust for a potential BNB (Binance Coin) ETF. This filing signals a growing interest in expanding the range of cryptocurrency-based investment products, providing investors with more opportunities to gain exposure to digital assets in a regulated manner.
SEC and Gemini Request 60-Day Pause in Gemini Earn Case to Explore Settlement
The U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Gemini have requested a 60-day pause in the ongoing legal case regarding the Gemini Earn program. Both parties are seeking time to explore a potential settlement, which could provide a resolution to ongoing regulatory issues surrounding cryptocurrency lending platforms.
PayPal Expands Its Crypto Portfolio: Introducing SOL and LINK for U.S. Customers
PayPal has broadened its cryptocurrency offerings by allowing U.S. customers to buy, sell, and hold Solana (SOL) and Chainlink (LINK). This move reflects the growing adoption of cryptocurrencies by major financial institutions and positions PayPal as a key player in the crypto space, aiming to simplify access to digital assets for everyday users.
Fidelity Introduces Retirement Plan Enabling Direct Cryptocurrency Investments
Fidelity, a $6 trillion asset management giant, has launched a new retirement plan that allows individuals to directly invest in cryptocurrencies. This product provides a more accessible entry point for those looking to incorporate digital currencies like Bitcoin into their long-term investment strategies, marking a significant development in the intersection of traditional finance and crypto markets.
Circle, Issuer of USDC Stablecoin, Files for an IPO
Circle, the issuer of the popular USDC stablecoin, has filed for an initial public offering (IPO). This filing highlights the increasing mainstream acceptance of blockchain technology and cryptocurrency-related companies, and marks a pivotal step toward the expansion of regulated digital financial services.
Metaplanet Acquires 160 Bitcoin for ¥1.99 Billion
Japanese public company Metaplanet has made headlines by acquiring 160 Bitcoin for ¥1.99 billion (approximately $14.7 million). This investment is seen as part of the company’s strategy to bolster its balance sheet with the digital asset, reflecting the ongoing interest of institutional investors in Bitcoin as a store of value.
Grayscale Introduces BTCC and $BPI Bitcoin ETFs
Grayscale, a leading digital asset management firm, has launched two new Bitcoin exchange-traded funds (ETFs): BTCC and BPI. These ETFs are designed to give investors easier access to Bitcoin exposure, providing a regulated investment vehicle for those seeking to diversify their portfolios with cryptocurrency.
Franklin Templeton Explores Launching Bitcoin and Crypto ETPs in Europe
Franklin Templeton, with $1.5 trillion in assets under management, is considering the launch of Bitcoin and crypto exchange-traded products (ETPs) in Europe. This development is part of the firm’s ongoing efforts to offer innovative investment products in response to the growing demand for cryptocurrency exposure among European investors.
Minnesota Introduces Bill to Permit State Investment in Bitcoin and Crypto
Minnesota has introduced a bill that would allow the state investment board to invest in Bitcoin and other cryptocurrencies. This bill, if passed, would signal a shift toward embracing digital assets within government investment strategies, potentially encouraging other states to follow suit in adopting crypto-friendly policies.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/here-is-some-of-the-most-important-crypto-news-in-the-past-24-hours/