LATEST: Grayscale Submits Revised S-1 For Dogecoin ETF

Grayscale has taken another major step in expanding crypto investment options by filing an amended S-1 with the U.S. Securities and Exchange Commission (SEC) to convert its Dogecoin Trust into an exchange-traded fund. If approved, the new product would trade on NYSE Arca under the ticker GDOG, with Coinbase set to serve as the prime broker and custodian.

The move comes as NYSE Arca also submitted updates to list Grayscale’s Ethereum Trust and its “mini” version under recently approved generic listing standards, which simplify the SEC approval process for crypto ETFs. Experts suggest this regulatory shift could open the door to a wave of digital asset funds entering U.S. markets in the months ahead.

Momentum in the crypto ETF space has accelerated, with REX and Osprey securing approval last week to launch the first U.S. fund tied to Dogecoin. Grayscale, meanwhile, recently rolled out its multi-asset index fund, giving investors exposure to leading tokens like Bitcoin, Ethereum, Solana, XRP, and Cardano.

We Can Fix The Web Without Regulation

Sir Tim Berners-Lee, computer scientist, inventor of the web and an all-round good guy, wrote some words in “The Evening Standard” earlier this week, arguing that polarization, conspiracy and mental health crises online stem from design flaws that must be corrected — even if that requires regulation. 

The piece draws directly from chapter 13, “Design Issues,” of his recently released book “This Is for Everyone: The Unfinished Story of the World Wide Web,” which I encourage everyone to read.

I agree with Berners-Lee’s diagnosis. But regulation is not the cure. The web’s decline is not merely a design failure; it is also an economic one. Design choices follow…

Read more on BitcoinMagazine

Crypto ETF swell approaching after Grayscale’s latest launch

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

In yesterday’s edition of the Forward Guidance newsletter, Felix Jauvin broke down Wednesday’s Fed rate cut. But it’s also important that we shed some light on the other big thing that went down on Sept. 17.

That would be the SEC approving general listing standards for commodity-based trust shares (a.k.a. crypto ETPs). This was not an unexpected approval by any means, as we knew the SEC was working through this. But the timing seemed to surprise some people, coming a bit earlier than expected. 

The US securities regulator shortly after lifted its “stay order” related to…

Read more on Blockworks

Texas-Based Accelerator To Fund Bitcoin Start-ups With Up To 5 BTC

Early Riders, a Bitcoin-focused venture fund, has launched The Stables, an accelerator program in Texas Hill Country to support Bitcoin start-ups worldwide. The program offers 2-5 BTC in funding, a four-week residency and access to Bitcoin developers and operators, targeting start-ups with market-ready solutions in financial services and technology.

Michael Tanguma, founder of Early Riders and Onramp, a Bitcoin financial services firm, told Bitcoin Magazine, “We focus on consumer investments that have commercial viability today — things that people want and will pay for today.” The Stables accelerator targets start-ups addressing immediate market needs, particularly in Bitcoin…

Read more on BitcoinMagazine

Bitcoin’s Quantum Risk Is Real

Roughly a quarter of all Bitcoin is exposed to the risk of a quantum attack, tied to public keys that have been revealed on the blockchain. But if that much of the supply is vulnerable, it raises a deeper concern: is trust in Bitcoin’s entire security model at risk?

Imagine waking up, checking your phone, and your bitcoin balance is zero. Not just your cold storage, your exchange balances too. Gone. Overnight, millions of UTXOs drained in a silent, coordinated attack.

It sounds extreme, but this kind of event would be more than just theft. It would be a direct attack on Bitcoin’s value, a public signal that its core cryptography is no longer secure. A state-level actor might…

Read more on BitcoinMagazine

Ethereum’s peer-to-peer backbone faces open-source funding gap

Shipyard, a key maintainer of libp2p — the peer-to-peer networking stack underpinning Ethereum and dozens of other networks — will cease support for its Go and JavaScript implementations by Sept. 30, citing resource constraints. 

In a blog post, the team confirmed it is “working to transition stewardship to the community.”

Libp2p is the backbone of Ethereum’s peer-to-peer networking layer, providing the protocol suite that consensus clients use to discover peers, exchange messages, and propagate blocks and attestations across the network. Ethereum clients rely on libp2p’s Gossipsub pub/sub protocol to rapidly broadcast new blocks and validator votes, a process that…

Read more on Blockworks

Canada seizes $56M in crypto from TradeOgre exchange

The Royal Canadian Mounted Police (RCMP) seized more than CAD $56 million in cryptocurrency from TradeOgre, marking Canada’s largest crypto seizure and the first dismantling of an exchange by domestic law enforcement.

The action, announced Thursday, followed a June 2024 referral from Europol that triggered a Money Laundering Investigative Team probe.

Investigators determined the platform contravened Canadian regulations by failing to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a money services business and by not identifying its clients.

Authorities said this anonymity attracted criminal organizations seeking to launder illicit…

Read more on Blockworks

Will Bitcoin Price Defy Diminishing Returns This Cycle?

Every bitcoin price bull market to date has followed a familiar pattern of explosive upside followed by sharp drawdowns, with each cycle delivering lower percentage gains than the last. This phenomenon, known as diminishing returns, has become one of the most persistent narratives in Bitcoin. The question now is whether this cycle will follow the same trajectory or if the maturation of Bitcoin as an asset class could bend the pattern.

Bitcoin Price and Diminishing Returns

So far this cycle, we have witnessed approximately 630% BTC Growth Since Cycle Low to the most recent all-time high. That compares to more than 2,000% in the previous bull market. To match the last cycle’s…

Read more on BitcoinMagazine

LATEST: Michigan Pushes Ahead With Strategic Crypto Reserve Bill Passage

Michigan has advanced its strategic crypto reserve bill, marking a significant step in embracing digital assets. House Bill 4087, introduced by Republican Representatives Bryan Posthumus and Ron Robinson, cleared its second reading on Thursday and is now with the Committee on Government Operations. The proposal would allow the state to invest up to 10% of its “countercyclical budget” and “economic stabilization fund” in cryptocurrencies.

The legislation updates the Michigan Management and Budget Act to create clear guidelines for holding a strategic crypto reserve. It permits the state to secure assets through approved custodians, exchange-traded products, or highly regulated custody solutions. Lawmakers also outlined strict security standards, including government-controlled private keys, encrypted storage, multiparty authorization, and regular audits. The state could even lend digital assets to earn extra returns without added financial risk.

Supporters see the move as forward-looking, putting Michigan alongside Massachusetts and Ohio in advancing crypto reserve legislation. While some Bitcoin advocacy groups argue the bill should be Bitcoin-only, the broader inclusion of crypto highlights growing recognition of digital assets in U.S. state policy.