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Asset management giant Grayscale is the latest crypto firm to delay its plans to go public due to market conditions, according to a person with knowledge of the matter. The Stamford-based investment firm has paused its IPO preparations, and is unlikely to restart the process until the fourth quarter at the earliest, the person said, who spoke on condition of...
The bank plans to launch digital asset custody, transfer and receipt services in 2026 for selected customer categories. Italian bank Banca Sella announced that it has completed its notification process with the Bank of Italy under the European Union’s Markets in Crypto-Assets (MiCA) regulation, allowing it to offer crypto-asset services. On Wednesday, the bank said it is the first bank in Italy...
ETH’s rebound toward the whale’s liquidation zone near $2,150 puts its short at risk of over $1 million in potential losses. A crypto whale opened a leveraged Ether (ETH) short position worth more than $100 million, even as Ethereum co-founder Vitalik Buterin pledged fewer token sales via the Ethereum Foundation. Key takeaways: The whale may face over $1 million in...
The crypto services company began the US IPO process as companies across the digital asset sector weigh public market debuts. Crypto services company Blockchain.com confidentially filed for a US initial public offering (IPO), becoming the latest digital asset player to pursue a public listing as crypto firms return to equity markets. The company said it submitted a draft S-1 registration...
The crypto ETFs were intended to be part of Trump Media & Technology Group’s broader crypto strategy, which included the launch of the Truth.fi financial platform. Asset manager Yorkville America has requested the withdrawal of multiple crypto exchange-traded fund applications filed on behalf of the Donald Trump-backed Truth Social after changing its product strategy. Yorkville America said Tuesday that it...
Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports. Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year. The company, whose...
The global banking giant is expanding its tokenized money market lineup, following BlackRock's similar move just a few days ago. What to know: JPMorgan filed to launch a new tokenized U.S. Treasury money-market fund on Ethereum. The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund, is designed to meet reserve requirements for stablecoin issuers under the GENIUS Act. The move...
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