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At this point, it feels like the SEC is checking its list and dismissing investigations into crypto companies daily.
In some regards, it feels like the industry is finally free but the catch is that there’s yet nothing concrete for founders and projects to fall back on when it comes to rules and regulations.
Though, as Avalon’s Sean Pinnock told me in an X Spaces Wednesday, founders and devs based in the US can still breathe a sigh of relief.
Speaking of that Spaces: Yesterday, The Drop’s Kate Irwin and I hosted our first collaborative chat focused on, well, gaming. If you’re…
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Metaplanet Inc (3350) plans a significant financial maneuver to bolster its bitcoin holdings, announcing the sale of ordinary bonds valued at 2 billion Yen ($13.3 million) at zero percent interest. This strategic decision is a part of the company’s ongoing effort to align its investment portfolio with digital assets, showcasing a strong belief in the future of cryptocurrencies.
The bond sale, exclusively earmarked for Evo Fund, is set for redemption on August 26. Funding for this redemption will come from the proceeds of the company’s stock acquisition rights. This move highlights Metaplanet’s innovative approach to funding its investment ventures, ensuring a smooth financial strategy centered around bitcoin.
With this latest initiative, Metaplanet reaffirms its commitment to integrating bitcoin as a core component of its reserve assets. The company’s aggressive strategy in the volatile crypto market reflects its confidence and aims to strengthen its financial base through strategic digital asset investments.
Bitwise a leading crypto fund manager has taken a significant step in expanding its digital asset offerings by registering the Bitwise Aptos ETF in Delaware. The registration recorded on the state’s official government portal on February 25 indicates preparations to pursue a formal S-1 registration with the U.S. Securities and Exchange Commission. This move is a part of Bitwise’s strategy to diversify its exchange-traded products focusing on cryptocurrencies.
Earlier efforts by Bitwise to cater to the crypto market include launching the Aptos Staking ETP on six Swiss exchanges back in November. Hunter Horsley Bitwise CEO expressed enthusiasm about the inclusion of digital assets in diversified portfolios highlighting the success of their Bitcoin and Ethereum spot ETPs in the U.S. This has sparked increased interest and investment in digital assets among a broad range of investors this year.
Adding to their innovative approach Bitwise also filed for a Doge ETF in Delaware this January and continues to develop its product suite in line with growing investor interest in cryptocurrencies. Other entities like 21Shares have also expanded their presence in the digital asset space launching similar products in Euronext Amsterdam and Paris further emphasizing the growing acceptance and enthusiasm for cryptocurrency investments.
Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommittee and crypto industry witnesses predominantly discussed stablecoin regulation.
Senator Cynthia Lummis (R-WY), a long-time proponent of the Bitcoin and digital asset industry, presided over the hearing with assistance from ranking member of the subcommittee, Senator Ruben Gallego (D-AZ).
The witnesses included Tim Massad, former CFTC Chair and Research Fellow at the Kennedy School of Government at Harvard University; Jai Massari, Chief Legal Officer at Lightspark; Jonathan…
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