LATEST: Nasdaq-listed Dominari Holdings Adopts Bitcoin as Part of Investment Strategy

Dominari Holdings announced on Friday its strategic move to enhance its investment portfolio by integrating Bitcoin into its corporate treasury. The public holding company known for its expertise in wealth management investment banking trading and asset management has begun purchasing shares of BlackRock’s iShares Bitcoin Trust ETF the largest spot bitcoin exchange-traded fund. This initiative is part of Dominari’s plan to allocate a portion of its excess cash and earnings toward growing its Bitcoin treasury which currently stands at $2 million.

With this new strategy Dominari’s management aims to continue bolstering its alternative coin treasury as its cash reserves expand. The company’s engagement in such innovative investment avenues reflects its commitment to adopting emerging technologies that promise long-term value and growth.

The announcement was made alongside the release of Dominari’s fourth-quarter earnings where they forecasted a total revenue of approximately $19 million for 2024. The significant part of this revenue over $8 million was recognized in the fourth quarter alone. CEO Anthony Hayes emphasized the company’s ongoing focus on expanding its comprehensive investment banking services and its dedication to evolving into a dynamic holding company.

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Trump’s SEC pick grilled on past agency actions, conflicts of interest 

Paul Atkins, President Donald Trump’s pick to lead the US Securities and Exchange Commission, on Thursday faced questions from lawmakers on his past regulatory stances and business dealings. 

Democrats on the Senate Banking Committee were especially interested in hearing about how Atkins, who served as a commissioner at the SEC under former President Bush, felt securities regulators handled market risks before the 2008 financial crisis. 

Atkins has historically maintained that the 2008 crash had “many causes,” but “deregulation,” as top Committee Democrat Elizabeth Warren suggested, was not one. 

Read more: What SEC chair nominee Paul Atkins has previously said…

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COTI launches V2 mainnet: A new era of privacy-focused L2 solutions

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

After about 16 months from when the team first announced its roadmap and more than two years of R&D later, COTI launched v2 of its mainnet yesterday.

COTI’s v2 mainnet marks a shift from its DAG (directed acyclic graph)-based protocol L1, launched in 2018, to a new EVM-compatible and privacy-focused L2 chain.

The goal is to gradually migrate user activity from the L1 to the L2 and eventually sunset the L1, COTI CEO Shahaf Bar-Geffen told Blockworks.

The cornerstone of COTI’s new privacy tech on its L2 chain is the use of “garbled circuits,” a kind of cryptography commonly used in…

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How Silk Road carved the fault line that separates ‘bitcoin’ and ‘crypto’

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

Greetings, and happy 41st birthday to Ross Ulbricht!

By now, rehashing the Silk Road timeline — from a secret psychedelics lab in an off-the-grid Texas cabin to a global clandestine operation with half a dozen employees — doesn’t seem totally useful.

Besides, long-time Bitcoin History readers have already walked through the events that led to Ulbricht’s dramatic 2013 arrest in a San Francisco public library.

Anyone who missed our email from last year can find it in our archives — it’s definitely still worth the read!

Keep in mind, though: That telling of the story misses…

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LATEST: Grayscale Files for New Avalanche ETF with Nasdaq

Nasdaq has taken a significant step forward in the cryptocurrency arena by submitting a Form 19b-4 with the SEC to list shares of Grayscale’s Avalanche ETF. This move aims to transform Grayscale’s existing Avalanche Trust into a publicly traded ETF enhancing regulated investment avenues into AVAX the native token of the Avalanche network.

This initiative is part of a broader trend as evidenced by VanEck’s recent filing signaling a surging interest in AVAX-based financial products. Positioned as the 17th largest cryptocurrency AVAX is gaining traction among institutional and retail investors alike seeking diversified and secure investment options.

Grayscale is not only focusing on AVAX but is also seeking to expand its offerings with potential ETFs for other major cryptocurrencies like XRP Solana Litecoin and Polkadot. This development underscores Grayscale’s commitment to providing regulated accessible and comprehensive crypto investment opportunities thus bolstering investor confidence in digital assets.

19b-4 Filing