The firm has filed an S-3 registration statement with the US SEC to convert its Digital Large Cap Fund (DLC Fund) into an ETF, which would allow everyday investors to gain exposure to multiple cryptocurrencies through a traditional stock exchange.
The attack specifically targeted UPCX’s management accounts, from which the hacker successfully withdrew 18.4 million $UPC tokens, valued at around $70 million.
Despite a challenging start to the year for Bitcoin, with the cryptocurrency experiencing a 12% decline in Q1 2025—its worst quarterly performance in seven years—Tether has remained committed to its accumulation strategy.
Blockchain investigator, ZachXBT, recently exposed several cases of Coinbase users losing large amounts of cryptocurrency.
The Department of Government Efficiency (DOGE) was created by President Donald Trump with a clear goal: to make government operations 15% more efficient.
The proposed ETF, managed by Grayscale, seeks to transition the existing Grayscale Avalanche Trust into a regulated investment product, offering easier access to $AVAX for institutional and retail investors.
Mass investor exodus, ETF outflows, Mt. Gox repayment concerns, and market-wide declines has fuelled a bearish sentiment for Bitcoin.
After several weeks of upward momentum, the cryptocurrency market has recently seen a notable decline. Its overall market capitalisation has decreased by more than 3% in a single day.
Recently, Ethereum has experienced a bullish surge, crossing the crucial $3,000 mark. This uptick is largely due to major stakeholders withdrawing and staking significant amounts of $ETH.