Grayscale’s latest filing comes at a time of heightened competition among asset managers seeking approval for Solana-linked ETFs, including Fidelity, VanEck, Bitwise, 21Shares, and Canary Capital.
On 2 April, the House Financial Services Committee voted 32-17 in favour of the stablecoin bill. This included support from 27 Republicans and 5 Democrats.
According to a filing with the SEC, GameStop has stated that the funds will be used for “general corporate purposes, including the acquisition of Bitcoin”.
The attack specifically targeted UPCX’s management accounts, from which the hacker successfully withdrew 18.4 million $UPC tokens, valued at around $70 million.
The Department of Government Efficiency (DOGE) was created by President Donald Trump with a clear goal: to make government operations 15% more efficient.
As part of the agreement, Galaxy Digital will pay the settlement in four instalments over three years.
Recently, major crypto companies, including Gemini, Robinhood, OpenSea, and Yuga Labs, have also seen investigations against them dropped.
The company has spent an estimated $33.7 billion on Bitcoin, buying at an average cost of $66,608 per $BTC when including fees and expenses.
According to the SEC, PoW mining does not meet the legal definition of an investment contract under the Howey Test.
Following the announcement, $XRP’s price surged by approximately 13%, reaching nearly $2.56.
