Avalanche Treasury Co. will launch through a blank-check merger next year, with the goal of buying over $1 billion worth of AVAX tokens. Read More at https://cointelegraph.com/news/avalanche-rises-treasury-firm-eyes-1b-buy-after-spac-deal-next-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author Archives: pdgweb
Uptober underway: Bitcoin closes in on 7-week high at $120K
Bitcoin surged 4% to $119,450, its highest in seven weeks as expectations of Fed rate cuts and October’s bullish history drove crypto market gains. Read More at https://cointelegraph.com/news/uptober-underway-btc-approaching-seven-week-high-20k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitget exec sees ‘no logical reason’ for an altcoin season this cycle
A broad altcoin rally is unlikely, as crypto projects haven’t generated enough excitement to stir traders into action, Bitget operating chief Vugar Usi Zade tells Cointelegraph. Read More at https://cointelegraph.com/news/bitget-exec-no-logical-reason-altcoin-season?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Sweden eyes entering the Bitcoin ‘digital arms race’
The proposal has come from two Swedish Democrats, a party that is a key player in backing the Swedish ruling coalition and its minority government. Read More at https://cointelegraph.com/news/sweden-bitcoin-reserve-proposal-cbdc-policy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Alpaca rolls out network enabling direct tokenization of US stocks
The Instant Tokenization Network allows institutions to mint and redeem tokenized US stocks with in-kind settlement and 24/7 access. Read More at https://cointelegraph.com/news/alpaca-instant-tokenization-network-us-stocks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bullish launches in 20 US states after winning New York licenses
Bullish’s crypto trading services are now on offer across 20 US states after receiving regulatory approval from New York’s financial regulator last month. Read More at https://cointelegraph.com/news/bullish-expands-20-us-states-receiving-licenses?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Memecoins attract users, but platforms reap the profits: Report
Galaxy Research’s latest report finds that memecoins draw new users into crypto, but the spoils go to enrich launchpads, exchanges and bots rather than traders themselves. Read More at https://cointelegraph.com/news/memecoins-attract-users-platforms-reap-profits-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump nominates acting FDIC chair to officially head the agency
Travis Hill has served as acting FDIC chair since Donald Trump took office on Jan. 20, later issuing guidance on crypto-related activities and criticizing allegations of debanking. Read More at https://cointelegraph.com/news/travis-hill-fdic-chair-nomination-senate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana may have an edge over Ethereum in staking ETFs, says Bitwise CEO
Hunter Horsley says Solana’s shorter unstaking period gives it an advantage over Ethereum in the race for staking ETFs, as US regulators prepare key decisions in October. Read More at https://cointelegraph.com/news/solana-ethereum-queue-staking-etfs-bitwise-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Injective debuts pre-IPO derivatives, distancing from Robinhood private equity tokens
Injective launches onchain pre-IPO perpetuals for companies like OpenAI, offering leveraged exposure and a decentralized alternative to Robinhood’s tokens. Read More at https://cointelegraph.com/news/injective-pre-ipo-derivatives-robinhood-private-equity-tokens?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound