The National Cryptocurrency Association (NCA), a nonprofit aimed at educating U.S. consumers about cryptocurrencies, has launched with a $50 million grant from Ripple. NCA President Stuart Alderoty emphasized the importance of guiding users in responsible crypto use as demand for digital assets grows amid market uncertainties.Ripple has also contributed $25 million to the pro-crypto super PAC Fairshake, enhancing the industry’s influence in Washington, D.C. CEO Brad Garlinghouse noted the increasing opportunity for crypto in the U.S., despite ongoing legal challenges with the SEC.
about Ripple Funds Nonprofit to Boost US Cryptocurrency Education and AwarenessLiz Napolitano
0 posts last weekSouth Korea Police Arrest Four in Stabbing and Crypto Theft Case
Police in South Korea arrested four Chinese nationals linked to the murder of a man who was fatally stabbed during a private cryptocurrency exchange in Jeju. The suspects were found with 85 million won (about $52,500) of the victim’s money, highlighting a troubling rise in violent crypto thefts. This incident follows previous arrests of Chinese individuals in Jeju for similar crimes, indicating a growing trend of wrench attacks targeting cryptocurrency holders.
about South Korea Police Arrest Four in Stabbing and Crypto Theft CaseCrypto Leaders Push SEC to Revise ETF Rules for Broader Access
Crypto leaders and major financial firms are urging the SEC to revise its ETF policies to include a broader range of digital assets, potentially allowing products linked to altcoins and meme coins like Dogecoin and XRP on Wall Street. This shift could lead to a surge in crypto ETFs, integrating the volatile sector with traditional finance. Additionally, the Crypto Council for Innovation is advocating for ETF issuers to collect staking rewards and directly manage crypto assets, which could significantly alter the current regulatory landscape.
about Crypto Leaders Push SEC to Revise ETF Rules for Broader AccessGrayscale Pursues XRP ETF Approval Amid Growing Demand for Crypto Investments
Grayscale has filed with the SEC to convert its XRP Trust into an exchange-traded fund, with Coinbase Custody Trust as custodian and BNY Mellon as transfer agent. This move follows a surge in demand for digital asset ETFs, particularly after the successful conversions of its Bitcoin and Ethereum Trusts. Grayscale has also rebalanced its Digital Large Cap Fund, increasing Bitcoin and Ethereum’s share to 90% while adding Cardano and removing Avalanche.
about Grayscale Pursues XRP ETF Approval Amid Growing Demand for Crypto InvestmentsSouth Dakota Considers Bitcoin Reserve Amid Growing State Interest
South Dakota is set to debate a bill to establish a Bitcoin reserve, joining a growing number of states, including Texas, Florida, and Ohio, in recognizing cryptocurrency as a state asset. This movement aligns with President Trump’s pro-crypto policies, as several countries are also considering Bitcoin reserves to combat inflation and financial deficits.
about South Dakota Considers Bitcoin Reserve Amid Growing State InterestInternational Crackdown on Major Crypto Money Laundering Operations in Europe
An international investigation has dismantled a sophisticated money laundering ring operating between Spain and Cyprus, resulting in 23 arrests and the freezing of $28 million in cryptocurrencies. The group laundered over $100 million, utilizing commercial flights and public transport to transport cash. Authorities from Spain, Cyprus, and Germany collaborated with Europol to trace illicit cryptocurrency flows, leading to multiple raids across Europe.
about International Crackdown on Major Crypto Money Laundering Operations in EuropeTuttle Capital Proposes First Ever ETFs for Chainlink Cardano and Polkadot
Tuttle Capital Management is seeking SEC approval for the first-ever ETFs linked to Chainlink, Cardano, and Polkadot, alongside a range of leveraged products tied to meme coins like Melania and Trump. Analysts express skepticism about the approval of such volatile assets, while established cryptocurrencies like Solana and XRP are viewed as having better chances. The SEC’s evolving stance under new leadership may influence the future of these innovative financial products.
about Tuttle Capital Proposes First Ever ETFs for Chainlink Cardano and PolkadotCircle Acquires Largest Tokenized Money Market Fund Amid Growing RWA Interest
Circle has acquired the world’s largest tokenized money market fund, USYC, valued at over $1.25 billion, as it aims to enhance its position against Tether. This move aligns with the growing trend of real-world asset tokenization, projected to reach $50 billion in value by 2025. Meanwhile, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has reported record dividends, distributing over $2 million in July alone, highlighting the increasing interest in tokenized financial products.
about Circle Acquires Largest Tokenized Money Market Fund Amid Growing RWA InterestCrypto Industry Faces Over 3 Billion in Losses Due to Hacks and Scams
The crypto industry faced over $3 billion in losses from hacks and scams in 2024, a 15% increase from the previous year. Hacks accounted for $2.15 billion, while scams contributed $834.5 million, with phishing scams emerging as a significant threat, causing over $1 billion in losses. Major incidents included a $305 million hack of Japanese exchange DMM Bitcoin and substantial losses at WazirX and Gala Games.
about Crypto Industry Faces Over 3 Billion in Losses Due to Hacks and ScamsGrayscale Rebalances Funds Increasing Bitcoin and Ethereum Allocations
Grayscale Investments has restructured its Digital Large Cap Fund, allocating 90% to Bitcoin and Ethereum while replacing Avalanche with Cardano, which has seen a 75% price increase over the past year. Additionally, the GSCPxE Fund now includes Sui, while the AI Fund diversifies across various crypto projects. Grayscale is also seeking to convert its Solana Trust into a spot ETF on NYSE Arca to enhance investor access.
about Grayscale Rebalances Funds Increasing Bitcoin and Ethereum Allocations