Winklevoss Zcash ETF Filing Brings Privacy Coin Exposure To Nasdaq
TL;DR: Winklevoss Asset Services has filed an S-1 with the SEC for the Winklevoss Zcash ETF, a proposed Nasdaq-listed product designed to hold ZEC directly. The preliminary prospectus sets a 0.25% sponsor fee, while Winklevoss Capital has indicated nonbinding interest in purchasing up to $100 million of shares. Zcash has entered the US crypto ETF…
Arbitrum DAO Weighs 100 Million ARB Push To Make USDG A Core Stablecoin
TL;DR: Arbitrum has joined Paxos’ Global Dollar Network, and a new DAO proposal asks the community to back USDG as a strategic stablecoin for the ecosystem. The plan includes adding 100 million ARB to the DRIP incentive budget to support liquidity, integrations and adoption. Arbitrum is considering one of its largest coordinated stablecoin incentive pushes…
Metaplanet Sold 10,000 Bitcoin, Then Bought 11,000 Back. Here’s Why
TL;DR: Metaplanet disclosed that it sold 10,000 BTC during the third quarter for roughly $790 million before buying 11,000 BTC for around $950 million. The company says the exercise was designed to demonstrate that its Bitcoin treasury can provide liquidity when required, while leaving it with a net increase of 1,000 BTC. Bitcoin treasury companies…
Avalanche Tokenized Treasury Market Reaches $545 Million After Rapid Growth
TL;DR: Tokenized US Treasury assets on Avalanche have reached roughly $545 million, according to data highlighted this week. The segment has expanded about fourfold over the past year, adding another example of institutional financial products moving onto public blockchain infrastructure. Avalanche’s real-world asset push is becoming much harder to dismiss as a niche experiment. Tokenized…
Grayscale Adds BitGo To Hyperliquid Staking ETF Custody Setup
TL;DR: Grayscale has added BitGo Bank & Trust as an additional custodian for a portion of the HYPE held by its Hyperliquid Staking ETF. The SEC filing shows how increasingly complex altcoin and staking products are building institutional custody structures around assets that once traded almost entirely inside crypto-native venues. Hyperliquid’s move into regulated investment…
FinCEN Withdraws Crypto Rules Targeting Mixers And Unhosted Wallets
TL;DR FinCEN has withdrawn two proposed digital-asset rules covering unhosted-wallet transactions and convertible virtual currency mixing. Both proposals had remained unfinished for years and would have added new recordkeeping or reporting obligations for financial institutions. The withdrawals do not remove the AML and KYC rules that already apply to regulated crypto businesses. Two long-running U.S.…
CFTC Opens Rulemaking Push For Retail Leveraged Crypto Markets
TL;DR The CFTC has opened an advanced rulemaking process around retail commodity transactions involving crypto assets. The agency is asking for public input as it considers a more comprehensive federal framework for leveraged and margined retail crypto markets. This is an early-stage rulemaking step, not a final licensing regime that takes effect immediately. The Commodity…
Hyperscale Data Says Bitcoin And Cash Reserves Reach $56.4M
TL;DR Hyperscale Data says it held about $56.4 million in Bitcoin, cash and restricted cash as of October 4. That total included 219.9586 BTC valued at roughly $19 million and approximately $37.4 million of cash and restricted cash. The $56.4 million figure is not the value of the company’s Bitcoin alone. Hyperscale Data has given…
Genius Group Restarts Bitcoin Buying With 10 BTC Purchase
TL;DR Genius Group has restarted Bitcoin purchases, buying 10 BTC for approximately $854,000. The company paid an average of $85,364 per Bitcoin across purchases made between October 2 and October 5. The renewed buying follows the removal of a court injunction that had previously restricted the company’s ability to raise funds and purchase Bitcoin. Genius…
Bringin Opens Euro Business Accounts Built Around Self-Custody Bitcoin
TL;DR Bringin has opened an invite-only beta of euro business accounts for companies using Bitcoin and stablecoins. Businesses get a named euro vIBAN and SEPA access while retaining control of their Bitcoin through self-custody infrastructure. The beta is already being used by 15 businesses and is available to companies across 30 European countries. European businesses…