Author: Benjamin Lee
Bitwise Asset Management just filed registration statements with the U.S. Securities and Exchange Commission for 11 new cryptocurrency strategy exchange-traded funds (ETFs). The filings would trade on NYSE Arca if approved, expanding regulated access to major altcoins. The proposed funds include individual strategy ETFs tracking Aave (AAVE), Zcash (ZEC), Sui (SUI), Uniswap (UNI), Starknet (STRK), Near (NEAR), Bitensor (TAO), Hyperliquid (HYPE), Ethena (ENA), Canton (CC) and Tron (TRX). Each fund is designed to invest a significant portion of assets in the underlying token, while using related exchange-traded products and derivatives to provide regulated exposure. Bitwise positions the filings as part of…
A top executive at Dragonfly Capital believes the crypto markets will be full of surprises in 2026. Haseeb Qureshi, managing partner at Dragonfly Capital, a crypto venture fund, believes Bitcoin (BTC) will print new all-time highs next year. He predicts Bitcoin will soar more than 69% its current value in 2026, while Bitcoin dominance (BTC.D) will turn bearish. Bitcoin dominance tracks how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are gaining value faster than Bitcoin. “I think 2026 is going to surprise, both to the upside and to the downside… BTC…
Pi Network halts wallet requests after large-scale scams target users. Scammers exploit public balances and impersonate trusted contacts. PI trades near $0.20 amid low liquidity and token unlocks. Pi Network has temporarily disabled its wallet payment request feature in response to a surge of sophisticated scam activity that has led to the loss of millions of PI tokens from user wallets. The move, announced by the Pi Core Team on social platform X, comes as attackers increasingly exploit the platform’s payment request function to trick users into approving fraudulent transfers. According to on‑chain data shared by community observers and reporting…
Cantor Fitzgerald believes the current Bitcoin and crypto downturn may be more of a temporary pullback than the start of a prolonged crypto winter. In a new CNBC interview, analyst Brett Knoblauch says that shorter drawdowns so far this cycle, Federal Reserve rate cuts, the absence of a major “black swan” event, and growing regulatory support in the US and abroad could be signs that more than half of any potential decline may already be over. “I think if you look at the previous kind of cycles, the peak to trough duration is about 364 days. We are 85 days…
Institutional investors are selling Bitcoin and crypto assets as the year comes to a close. According to a new update from CoinShares, digital asset investment products recorded $446 million in outflows last week That brings the total outflows since the October 10th market crash to $3.2 billion. Bitcoin (BTC) led last week’s withdrawals with $443 million in outflows, while Ethereum (ETH) posted $59.5 million in outflows. In contrast, XRP attracted $70.2 million in inflows, while Solana (SOL) saw $7.5 million in inflows. The United States drove most of the selling, with $460 million in outflows. Switzerland added minor withdrawals of…
Crypto exchange giant Coinbase is mapping out key themes for Bitcoin and crypto in 2026. The firm just released a new market outlook report examining regulatory progress, technology trends and where markets may be heading next year. The report details a cautiously optimistic US economy driven by AI productivity gains, alongside a meaningful regulatory shift with laws like the GENIUS Act for stablecoins and CLARITY Act for market structure. Coinbase notes the rapid rise of institutional adoption through spot ETFs and digital asset treasuries (DATs), with tokenized products gaining as eligible collateral. The firm expects privacy demand to rise via…
The central bank of Russia is gearing up to enable both qualified and retail investors to purchase crypto assets. In a statement, the Bank of Russia says it has prepared a framework for regulating cryptocurrency. The move will greenlight the trading of digital currencies and stablecoins but still prohibit using these assets to pay within the country. “The Bank of Russia still considers cryptocurrencies a high-risk tool…When deciding to invest in crypto assets, investors should be aware that they are taking the risks of potential loss of their funds.” Qualified and unqualified investors will follow separate rules when purchasing crypto…
The crypto asset management giant Grayscale is expecting a 1,000x jump in one crypto subsector amid “structural shifts in digital asset investing.” In a new research report, Grayscale targets tokenized assets, or the practice of placing real-world assets like equities, real estate, or commodities on the blockchain for more accessible and efficient trading. The firm says that the asset class has the potential to grow by 1,000x, and that the coins set to benefit from the “enormous” potential growth include layer one chains Ethereum (ETH), BNB Chain (BNB), Solana (SOL), and decentralized oracle service Chainlink (LINK). “Tokenized assets are tiny…
Institutional investors just sold an overall total of $952 billion in Bitcoin and crypto assets in only one week, according to a new update from Coinshares. This marks the first outflows in four weeks for digital asset investment products. CoinShares notes the sell-off happened alongside delays in the US Clarity Act and concerns over whale investors selling adding pressure. Ethereum led the outflows with $555 million withdrawn. Bitcoin followed with $460 million in outflows. Solana saw inflows of $48.5 million, while XRP gained $62.9 million. The US drove most of the negative flow. Outflows there reached $990 million. Canada offset…
U.S. lawmakers have unveiled a bipartisan effort to modernize the federal tax code’s treatment of digital assets, with a particular focus on stablecoins, everyday transactions, staking and mining rewards. Representatives Max Miller (R-OH) and Steven Horsford (D-NV) released a draft of the Digital Asset PARITY Act that aims to provide clearer, more practical tax rules for regulated, dollar-pegged stablecoins and reduce unnecessary reporting burdens for routine crypto payments, ensuring that everyday transfers do not trigger capital gains reporting requirements for transactions under a specified amount. The proposal also seeks to clarify how income is sourced from digital asset trading and…