Canary files for PENGU ETF

Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project, US regulatory filings show.  The ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies, including altcoins and memecoins.  According to … Read more

Bitcoin Coinbase premium returns — Is $90K BTC price in the cards?

The Bitcoin (BTC) Coinbase premium index reached its highest level since Feb. 20 after BTC prices rallied 5% on March 19. Bitcoin’s Coinbase premium index. Source: CryptoQuant Return of Coinbase premium highlights Bitcoin accumulation The Coinbase premium index measures the price difference between Coinbase and Binance prices for BTC pairs, where a higher value signals … Read more

TON Foundation raises $400M via token sale

The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem.  Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), … Read more

Trump says US will be ‘Bitcoin superpower’ as BTC price breaks 4-month downtrend

Bitcoin (BTC) sought to reinforce higher support at the March 20 Wall Street open as bulls broke out of a key downtrend. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trump pledges to make US “Bitcoin superpower” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning above $86,000. Now circling the daily open, Bitcoin continued to build … Read more

The fallacy of scalability — why layer 2s won’t save crypto

Opinion by: Dan Hughes, founder of Radix  Crypto has spent years betting on layer-2 (L2) solutions as its magic bullet for fixing issues with scalability. What if they’re the very thing putting us at risk? Instead of paving the way for mass adoption, this fixation has created a tangled web of rollups, bridges and fragmented … Read more

TON-based XDAO protocol grants legal status to 367k DAOs

XDAO, a protocol based on The Open Network (TON), has enabled over 367,000 decentralized autonomous organizations (DAOs) to achieve legal status through its initiative that automates legal recognition for such organizations.  In an announcement, XDAO said it had streamlined the DAO creation process to allow DAOs to achieve legal status. An XDAO spokesperson told Cointelegraph … Read more

Tax agencies will double down on crypto before Bitcoin hits $1M

Opinion by: Robin Singh, CEO of Koinly In the race between regulation and Bitcoin (BTC) all-time highs, there is no doubt tax agencies will double down on their crypto-tracking systems well before Bitcoin hits $1 million. Crypto investors shouldn’t become complacent or assume they can skate by until the million-dollar price tag. In addition to … Read more

Russia civic chamber proposes dedicated fund for confiscated crypto assets

Amid the growing adoption of cryptocurrency reserves in countries like the United States, legal activists in Russia are pushing to create a potential crypto fund. Evgeny Masharov, a member of the Russian Civic Chamber, has proposed creating a government cryptocurrency fund that would include assets confiscated from criminal proceedings. The projected cryptocurrency fund would aim … Read more

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