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  • Aug 08, 2024

SEC Punts on Decision for Hashdex Combined Bitcoin and Ethereum ETF

The United States Securities and Exchange Commission (SEC) has delayed its approval decision regarding the Hashdex Nasdaq Crypto Index US ETF, a proposed exchange-traded fund (ETF) that aims to hold both Bitcoin and Ethereum.  The SEC on Friday released a filing stating it would extend the initial 45-day review period for the Hashdex ETF proposal.  The Commission has set a new deadline of September 30 to either approve, disapprove, or initiate proceedings to determine whether to disapprove the p...

  • Aug 08, 2024

Ethereum Price Jumps 10% as Grayscale ETF Outflows Slow

Ethereum jumped by double-digits Friday morning to over $2,700, outpacing Bitcoin and Solana as the crypto market continued to recover ground lost during Monday's crash. The price of Ethereum is currently around $2,664, up 9.6% on the day, per data from CoinGecko—though it remains down by over 15% on the week. Volume is up by 5% in the past day, while open interest has jumped by 15%, per data from Coinglass. That suggests investors are feeling more confident in Ethereum's trajectory, something m...

  • Aug 08, 2024

How Midnight Society Moves Forward After Dr. Disrespect 'Shock'—And What's Next for Deadrop

More than a month after famed gaming influencer Dr. Disrespect was dropped by Midnight Society, the studio building the first-person shooter Deadrop, the team has broken its silence in an exclusive interview with Decrypt’s GG—to discuss removing the popular streamer from the company, and how the game can move forward without him. Dr. Disrespect, aka Guy Beahm, was alleged to have inappropriately chatted with a minor. The streamer later admitted to having conversations with a minor that “leaned t...

  • Aug 08, 2024

Peru Surprisingly Cuts Rate, Shrugging Off Core Inflation Worry

(Bloomberg) -- Peru unexpectedly cut its benchmark interest rate Thursday, shrugging off concern that core inflation remains stubbornly high and that the economy is already growing faster than expected without the need of monetary policy support. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel R

  • Aug 08, 2024

Crypto for Advisors: Bitcoin and Lending

Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highli...

  • Aug 08, 2024

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy. The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. The Dow Jones Industrial Average rose 683 points, or 1.8%, and the Nasdaq composite climbed 2.9% as Nvidia and other Big Tech stocks helped lead the way.

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