Day: January 9, 2025

Grayscale Adjusts Crypto Funds for 2025: Key Portfolio Changes

Grayscale Investments, a leading name in crypto asset management, has announced significant changes to its multi-asset funds following its Q4 2024 review. These updates impact its AI, DeFi, Smart Contract Platform, and Digital Large Cap funds, showcasing the firm’s adaptability to market trends and emerging technologies. For many investors, Grayscale’s funds serve as a barometer […]

Sol Strategies Secures $17M for Solana Investment

Canadian holding company Sol Strategies has announced a significant $17 million investment in the Solana blockchain, including $4 million from an amended credit line. The funds will target four key areas: decentralized finance (DeFi) protocols, validator operations, strategic liquidity provision, and general ecosystem growth. Chairman Antanas Guoga expressed confidence in Solana’s potential and the company’s […]

Do Kwon’s Trial Set for 2026 Amid Evidence Challenges

Do Kwon, co-founder of Terraform Labs, will face trial in January 2026 for criminal fraud charges stemming from the $40 billion collapse of TerraUSD (UST). The delay, announced during a Manhattan court hearing, is attributed to the massive six terabytes of evidence that prosecutors must review. This case follows Kwon’s not guilty plea in response […]

Trump Picks Paul Atkins as SEC Chair: A New Era for Crypto?

President-elect Donald Trump has selected Paul Atkins as the next Chair of the U.S. Securities and Exchange Commission (SEC), replacing outgoing Chair Gary Gensler. Atkins, known for his pro-crypto stance, brings deep connections within conservative financial circles and extensive experience in the regulatory space. Gensler, who plans to step down on January 20, has been […]

Germany’s Central Bank Stresses Need for Digital Euro

Burkhard Balz, a member of the executive board of Germany’s central bank, has emphasized the importance of the digital euro in safeguarding Europe’s financial autonomy. In an interview with Süddeutsche Zeitung, Balz outlined the initiative’s critical role in bolstering Europe’s resilience in a digitalized and globally competitive environment. Balz explained that the digital euro would […]

FTX Denies Backpack’s FTX EU Acquisition Claims

FTX.com and the FTX Recovery Trust have called out Backpack’s claims of acquiring FTX EU, describing them as misleading and unapproved. In a press release dated January 7, 2025, Backpack alleged that it had acquired FTX EU and would assist with customer repayments. However, FTX swiftly debunked these assertions, providing clarity on the actual ownership, […]