Dogecoin has gone up by 5.3% in the past 24 hours to $0.1923 after a new entity called “The House of Doge” announced the launch of a new strategic reserve. To fund this initiative, a total of 10 million DOGE tokens worth approximately $1.8 million were bought. House of Doge has been tasked with promoting…
The US Securities and Exchange Commission has formally closed its investigation into Australian web3 gaming firm Immutable, the company announced on March 25. Immutable, known for its Ethereum-based gaming infrastructure and native IMX token, revealed that it had received a Wells notice from the SEC in November 2024 — an indication that the agency was…
In a conversation at the Exchange conference in Las Vegas, which has brought together about 2,000 investment advisors and asset managers, Dominic Rizzo, global technology portfolio manager at R. Rowe Price—the firm that handles over $1 trillion in assets—said that now is a good time to have exposure to bitcoin. He likened the price of…
Coincheck, the Japanese, NASDAQ-listed crypto exchange, has unveiled a new cryptoasset custody services platform for corporate users. Per a Coincheck press release , the new service is named Coincheck Prime and is “specifically targeted” at “corporate and institutional” crypto investors. Coincheck: Responding to Growing Demand from Corporate Sector? The firm said its new service will…
CME Group has initiated a pilot program with Google Cloud to explore asset tokenization and streamline wholesale payment processes using blockchain, according to a March 25 statement. The companies announced the completion of the first integration and testing phase for Google Cloud Universal Ledger (GCUL), a permissioned blockchain infrastructure developed specifically for institutional finance. The…
The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force will host four more roundtable discussions with the industry this spring, on topics ranging from tokenization to decentralized finance (DeFi). The Crypto Task Force’s first roundtable discussion — the kick-off to what Commissioner Hester Peirce, the task force’s leader, has dubbed the SEC’s “Spring Sprint Toward…
The US Senate is preparing to hold a final vote on March 27 to nullify the Internal Revenue Service’s (IRS) broker reporting rule for DeFi operators. If approved, the resolution could be sent to President Donald Trump’s desk as early as March 28 for signing, according to Fox reporter Eleanor Terrett reported on March 25,…
Ripple has settled with the U.S. Securities and Exchange Commission (SEC), agreeing to pay a $50 million penalty and withdraw its cross-appeal in the long-running lawsuit. In return, the SEC will request that an injunction that prevents Ripple from selling XRP to institutional investors be removed. The settlement significantly reduces Ripple’s financial penalty, originally set…
The market value of tokenized U.S. Treasuries this week surpassed the $5 billion for the first time, rwa.xyz data shows, as demand for blockchain-based real-world assets (RWAs) accelerates. The asset class grew by $1 billion through just two weeks, led by inflows into asset management giant BlackRock’s and digital asset firm Securitize’s market leading BUIDL.…
Pump.fun’s decentralized exchange (DEX), PumpSwap, has achieved record-breaking numbers, with a daily volume of $426 million and 243,000 users. The Solana-based platform also collected more than $1 million in fees, including $213,000 in protocol charges on March 24, marking its best performance since its launch. Despite the success, its market share of 14.5%, as captured…