Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks’ MOVE. The Ethereum layer-2 network’s mainnet, which is built using MoveVM, is expected to launch on Monday. The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related…
Crypto and tech stocks saw large selloffs on March 10 as fears of a US recession heightened despite efforts from the White House to temper concerns. Economists at Wall Street investment bank JPMorgan have raised their recession risk this year to 40%, up from 30% at the beginning of 2025. “We see a material risk that…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2658.12, down 7.2% (-205.91) since Friday at 4 p.m. ET. None of the 20 assets are trading higher. Leaders: ETH (-2.2%) and AAVE (-3.0%). Laggards: LINK (-14.3%) and NEAR…
A proposed rule change pushing for some crypto firms to register as exchanges could be abandoned under a new directive from the acting chairman of the US Securities and Exchange Commission. During a March 10 speech at the Washington Conference of the Institute of International Bankers, acting SEC Chairman Mark Uyeda said he had “asked…
President Trump’s executive order calling for the formation of a strategic bitcoin (BTC) reserve and a crypto stockpile is a “pivotal moment” for the industry, investment bank KBW said in a research report Friday. The President directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the…
The Trump administration may be intentionally creating uncertainty in the stock markets to corner Federal Reserve chair Jerome Powell into lowering interest rates, according to a market commentator. Doing so increases the likelihood that the US won’t need to refinance around $7 trillion in debt it owes over the next few months, Bitcoin commentator Anthony…
The Cayman Islands, an autonomous British Overseas Territory in the Caribbean that has attracted many crypto firms over the past several years thanks to its friendly regulatory structure, now requires companies that provide custody and trading services to obtain a license. According to the country’s updated Virtual Asset (Service Providers) (Amendment) Regulations, the new law…
A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they…
Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours. Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy’s $21 billion fundraising plan, bitcoin (BTC) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain’s ether (ETH) briefly slipped below $2,000, to…
The cryptocurrency industry will benefit more from US regulatory clarity than from President Donald Trump’s plan to create a national Bitcoin (BTC) reserve, several cryptocurrency executives told Cointelegraph. Trump’s March 6 executive order creating a US strategic Bitcoin reserve and a separate digital asset stockpile for altcoins left crypto industry executives underwhelmed. Meanwhile, they are…