Ondo Finance and legal counsel from Davis Polk & Wardwell met with the US Securities and Exchange Commission’s Crypto Task Force on April 24 to discuss regulatory pathways for tokenized versions of publicly traded US securities, according to a memorandum reviewed by the agency’s staff.The meetings focused on structuring options and regulatory considerations for issuing tokenized securities, particularly those referencing assets such as US equities and fixed-income instruments.The topics listed revealed that Ondo’s presentation addressed regulatory challenges, including registration requirements, broker-dealer obligations, market structure rules, financial crimes compliance, and the application of state corporate laws. The firm proposed a discussion on…
Author: cryphedge
SUI surged to $3.36 despite a broader market downturn, fueled by rising ecosystem activity and capital inflow. Sui’s DeFi growth pushed TVL to $1.46B, with stablecoin and DEX volumes spiking, signaling strong user engagement. The native token of the Sui blockchain, SUI, reached a price level of $3.36 on Thursday, competing with the 3-month high of $3.48. The SUI bull run comes amidst the downtrend of the broader crypto market. The token’s ecosystem’s consistent increase in activity and capital inflow has pushed its price past the key barriers. DeFi Drives Sui’s TVL Up 10% The recent price surge is also…
The recent rise in the bullish momentum has elevated the markets above the bearish captivity to some extent. The Bitcoin price surged close to $94,000 but despite the drop below $93,000, the bulls are trying hard to keep the rally above the range. This stability within the top crypto has kept up the optimism among the market participants. As a result, the altcoins like Chainlink (LINK) demonstrate a huge potential of a 45% rise. The LINK price surged over 14% this week, hitting close to $15, displaying a notable rally this week. This positive momentum brought the token close to its…
The OG meme cryptocurrency Dogecoin (DOGE) was one of the earliest assets to enter the industry. Despite starting off as a joke, DOGE managed to record impeccable growth over the years. Along with its price, the popularity of the meme coin also began surging. Several celebrities were seen endorsing the asset. While DOGE failed to claim the $1 mark, the asset continued to garner loyal investors. The DOGE market is currently in a major price rut. The asset is trading 76% below its all-time high of $0.7376. This peak was attained back in 2021, which was about four years ago.…
The agency would extend the deadline to June 11 to rule on Grayscale’s bid to convert its Polkadot Trust and Canary’s proposal to list a Hedera (HBAR) ETF. A separate delay was also announced for the Bitwise Bitcoin and Ethereum ETF, now pushed to June 10. The delays come as the SEC, under new Chair Paul Atkins, faces a backlog of more than 70 crypto ETF filings. The US Securities and Exchange Commission has pushed back its decisions on crypto ETF proposals tied to Polkadot and Hedera, amid a broader wave of applications awaiting regulatory clarity. The…
The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance and total capitalization at $2.89 trillion. While Bitcoin, Ethereum, XRP, etc., and a few more have slid down, Cardano (ADA) price has managed to keep up the bullish momentum. The third-generation token witnessed a robust rally this week, delivering over 16% gains as it surged from a low of $0.62 to $0.73. With the rise in the investors sentiments, the ADA price appears to be gearing up for its next big move. The ADA price began the week consolidating near the $0.62 to $0.63 zone but…
There’s been a quiet shift under the radar while the spotlight keeps bouncing between meme tokens and fleeting hype. While coins like TRUMP dominate headlines for their cultural shock value, legacy projects are making quiet, calculated upgrades. Take Filecoin, for example. With its v1.32.2 update, the network rolled out EIP-1153 support for cheaper and faster transactions. Add in F3—its finality protocol—and you’ve got a serious infrastructure play. And let’s not overlook the introduction of USDFC, a native stablecoin, and Filecoin expanding support for AI-driven projects. This isn’t just about storage anymore—it’s becoming a full-fledged platform with real muscle for enterprise-grade…
CME Group is preparing to roll out XRP futures on May 19, pending regulatory approval.According to an April 24 statement, the product will feature two contract sizes, including one tied to 2,500 XRP and another to 50,000 XRP.These contracts are designed to accommodate varying investment strategies. They will be cash-settled and benchmarked against the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 P.M. London time.Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, noted a surge in demand for XRP and its native blockchain, the XRP Ledger (XRPL). He highlighted growing adoption from institutional and retail investors, calling…
In one of its latest releases, the Uniswap Foundation has published its unaudited financial report for the fiscal year (FY) ending December 31, 2024. The report outlines total operating expenses of $5.79 million, offset by $1.11 million in revenue generated from donations, dividends, and interest. This financial year marks a strategic turning point for the Uniswap Foundation, with 2024 described as a year of ecosystem consolidation and laying the groundwork for technical advancements. Initiatives that contributed to 2024’s growth include onboarding over 800 developers from more than 60 countries, deploying over 150 hook prototypes, launching the Unichain Validator Network (UVN),…
Leading South Korean crypto exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) following a cautionary alert issued by the Digital Asset Exchange Alliance (DAXA).DAXA, a self-regulatory body responsible for setting industry standards across South Korean exchanges, designated SNX as an asset requiring investor caution.Such a classification typically triggers enhanced scrutiny, with common responses including tagging assets with warnings, halting deposits, or suspending trading to protect investors from heightened volatility.Upbit Flags SNX with Cautionary Label and Suspends DepositsIn a note, Upbit announced it has placed a cautionary label on SNX and temporarily blocked token deposits.The exchange cited concerns over…
