Grayscale filed an S-3 Form with the US Securities and Exchange Commission (SEC) on April 1 to register its multi-asset Grayscale Digital Large Cap Fund (GDLC) as an exchange-traded fund (ETF).Under the Securities Act of 1933, the S-3 form is used by issuers that meet specific reporting requirements to register securities for public sale, either immediately or on a delayed basis.According to the filing, NYSE Arca submitted a separate 19b-4 application on Oct. 15, 2024, to list GDLC shares. That application remains under SEC review. Grayscale said that it would not seek the effectiveness of the registration statement or proceed with…
Author: cryphedge
The House Committee on Financial Services has confirmed that the markup session for the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act will take place on April 2.The session will review the Amendment in the Nature of a Substitute (ANS), a revised version of the bill introduced on March 26. The updated draft refines definitions, strengthens compliance mechanisms, and outlines criteria for issuer qualification.Additionally, the bill continues to include provisions prohibiting the issuance of yield-bearing stablecoins, which proponents argue should be removed.Yield-bearing stablecoins prohibitedIt distinguishes qualified issuers into federally regulated institutions, nonbank entities approved by the Comptroller…
Solana’s price drops 5% after U.S. tariff announcement, reflecting broader market decline. Futures market data shows growing interest in Solana despite recent price dips. Technical indicators suggest potential for price reversal with increased buying pressure. Solana (SOL) has recently recorded a decline in its price, mirroring the broader trends in the crypto market. Following the U.S. president’s announcement regarding new tariffs, SOL dropped by 5% within 24 hours. This price movement reflects a larger market downturn, with many cryptocurrencies losing between 3% and 4% of their value. Despite these short-term fluctuations, analysts remain optimistic about Solana’s potential for a recovery,…
UNI, Uniswap’s native token, appears bullish and is poised for massive upside momentum after a prolonged price decline and bearish market trend. This shift in sentiment occurred as the overall crypto market began experiencing a price reversal and forming bullish price action.Uniswap (UNI) Technical Analysis and Upcoming Levels According to expert technical analysis, UNI appears to be forming a bullish double-bottom price pattern on the daily timeframe. So far, UNI’s daily chart has shown two bottoms, but the asset is still in the process of forming the second leg of the pattern.In addition to this bullish pattern, UNI has also formed…
European financial regulators are warning that rising crypto-asset valuations, driven by expectations of US deregulation under President Donald Trump, could pose a growing threat to global financial stability.The Joint Committee of the European Supervisory Authorities (ESAs) raised the alarm in its Spring 2025 risk update, highlighting the destabilizing impact of geopolitical fragmentation, US policy uncertainty, and digital asset market volatility.The committee includes the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational Pensions Authority (EIOPA).The report noted that “recent record high crypto valuations and volatility in the context of increasing interconnections to…
Tether minted a fresh $1 billion USDT on the Tron network, bringing the total to 8 billion USDT minted. This coincides with the House Financial Services Committee’s anticipated markup of its version of stablecoin legislation later this week. On March 31, 2025, Tether, the world’s largest stablecoin issuer, minted 1 billion USDT on the Tron network, valued at approximately $1.0006 billion. Notably, 50% of USDT’s total supply now resides on Tron, a blockchain platform known for its high-speed transactions and decentralized applications (dApps). Due to its low transaction fees, Tron has become the preferred network for stablecoin transfers. Tether CEO…
Global markets are bracing for a potential shift as discussions around U.S. sanctions intensify, leaving investors wondering: Will Cardano price surge if economic restrictions ease? ADA has long been a favorite among crypto enthusiasts, but broader market conditions have stifled its growth. With renewed optimism in the air, speculation is heating up over whether Cardano can capitalize on a more favorable environment. While ADA investors weigh the “what ifs,” a different kind of bet is catching fire, Panshibi(SHIBI). It’s not just another meme coin; it’s a wildcard play with a cult-like following. April could be a game-changer, and SHIBI holders…
Ripple’s XRP has been one of the most versatile assets in the cryptocurrency market. While the network has pushed to highlight its utility, the price of the asset failed to make it big for years. This was due to the numerous legal trials that it faced for years by the Securities and Exchange Commission (SEC). The mere hope of Ripple walking out of this chaos boosted the price of the altcoin. As the community steps into the second quarter of the year, XRP investors are eager to witness the asset’s rise or fall during April.Also Read: Shiba Inu: Here’s How…
With a near 5% rise over the past 24 hours, Shiba Inu is preparing for a bullish comeback. The meme coin holds a market cap of $7.49 billion and is the second-biggest meme coin in its segment. Currently, the SHIB token trades at a market price of $0.00001271, sustaining dominance above the $0.000010 psychological mark. Will this result in a breakout rally to reclaim the $0.000020 psychological mark? Let’s find out. Shiba Inu Price Analysis In the daily chart, the Shiba Inu price trend showcases the following channel pattern. Within the channel pattern, the meme coin shows bullish dominance near…
Gold has been a secure haven asset for hundreds of years, protecting wealth against inflation and monetary downturns. However, even as gold is a stable store of value, it lacks the explosive growth potential that traders are seeking while aiming for life-changing returns. Traditional assets like gold may additionally maintain capital, but they don’t provide the type of wealth acceleration that cryptocurrencies can. One emerging token, Ozak AI (OZ), is drawing interest because of its capability to surge from its presale price to $1, with some analysts predicting massive returns. Unlike gold, this AI-powered crypto can be an important factor in…
