Bitcoin’s (BTC) Coinbase premium indicator, which measures the spread between BTC’s dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb. 3 crash, according to data source Coinglass. It’s a sign that traders over the Nasdaq-listed exchange have turned cautious ahead of Wednesday’s U.S. […]
Trump to Tap Former CFTC Commissioner, a16z Policy Head Brian Quintenz for CFTC Head
Brian Quintenz, a one-time commissioner with the Commodity Futures Trading Commission, and Andreessen Horowitz’s head of policy, will be Donald Trump’s choice to run the federal commodities regulator. Quintenz previously served in the regulator between 2017 and 2021, where he organized the Technology Advisory Committee. During his time as commissioner, he said a self-regulatory organization […]
Solana ETF Applications Reach Next Stage in SEC Review
Another day, another once unthinkable crypto exchange traded fund filing. Several Solana ETF applications have become the latest such proposed investment vehicles to reach the starting gate. In a regulatory filing Tuesday the Securities and Exchange Commission (SEC) opened up public comment on the “Canary Solana Trust,” a proposed ETF from Canary Capital that would […]
Unichain Launch Drives Up UNI Token’s Price and Social Activity, Data Shows
The launch of Unichain, Uniswap’s long-awaited layer-2 network, has seen the price of the decentralized exchange’s governance token UNI rise by around 4.5% to around $9.7 and led to a significant increase in social activity and sentiment. UNI’s price benefitted from the launch of Unichain but failed to break through the $10 mark. It still […]
Solana DEX Volume Tops $60M as It Looks to Extend 4-Month Winning Streak Over Ethereum
Solana is on track to extend its four-month run over Ethereum and other smart-contract blockchains in decentralized-exchange (DEX) volume even as the rangebound crypto market struggles to capture trader enthusiasm. Solana-based DEXs have posted total trading volume of just over $60 million this month, nearly double the $34 million on Ethereum, the biggest smart-contract blockchain, […]