112 Crypto Firms Urge Senate to Protect Developers

A coalition of 112 crypto companies, investors and advocacy groups has called on the US Senate to include protections for software developers and non-custodial service providers in upcoming market structure legislation. A letter sent Wednesday to the Senate Banking and Agriculture Committees, authored by the DeFi Education Fund and its coalition partners, said the industry…

$5K ETH Could Arrive After Friday’s $5B Options Expiry

Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. The $5 billion Ether (ETH) options expiry on Friday might mark a turning point for the cryptocurrency, as bullish strategies are now better…

REX-Osprey Files for BNB Staking ETF with US SEC

REX Shares and Osprey Funds (REX-Osprey) have filed with the US Securities and Exchange Commission for a BNB exchange-traded fund (ETF) featuring staking yield. The filing comes as asset managers step up their push into crypto ETFs and yield-generating strategies. According to the filing, the REX-Osprey BNB + Staking ETF would allocate at least 80%…

Stablecoins Offer Beijing What e-CNY Can’t in Cross-Border Use, Economist Says

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. China’s growing focus on stablecoins is less about embracing crypto and…

BlackRock BTC ETF Balance Tops Coinbase, Is ETH Next?

Key takeaways: BlackRock’s iShares ETH ETF holds 3.6 million ETH, just 200,000 behind Coinbase. IBIT’s 745,000 BTC already surpasses Coinbase and Binance reserves. Falling Bitcoin and Ether inflows signal tightening supply and reduced selling pressure. BlackRock’s iShares Ethereum ETF is on the verge of overtaking Coinbase as the world’s second-largest Ether (ETH) custodian, narrowing the…

Google’s Rich Widmann shares LinkedIn update on Universal Ledger blockchain

Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL).  Rich Widmann described the blockchain as the result of “years of R&D at Google,” designed to be credibly neutral and compatible with Python-based smart contracts. According to Widmann, GCUL…

$5K ETH Could Arrive After Friday’s $5B Options Expiry

Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. The $5 billion Ether (ETH) options expiry on Friday might mark a turning point for the cryptocurrency, as bullish strategies are now better…

What Happened In Crypto Today

Today, in crypto, the price of Cronos tokens jumped 40% after Trump Media and Technology Group announced the launch of a joint $6.4 billion Cronos treasury. The US has appealed the sentence of HashFlare’s co-founders. Meanwhile, Donald Trump Jr. has joined the board of prediction platform Polymarket, Crypto.com’s Cronos jumps 40% on Trump Media Group…

BlackRock BTC ETF Balance Tops Coinbase, Is ETH Next?

Key takeaways: BlackRock’s iShares ETH ETF holds 3.6 million ETH, just 200,000 behind Coinbase. IBIT’s 745,000 BTC already surpasses Coinbase and Binance reserves. Falling Bitcoin and Ether inflows signal tightening supply and reduced selling pressure. BlackRock’s iShares Ethereum ETF is on the verge of overtaking Coinbase as the world’s second-largest Ether (ETH) custodian, narrowing the…

Swarm Network Raised $13M to Facilitate Decentralized AI

Decentralized artificial intelligence protocol Swarm Network raised a total of $13 million to build an AI verification protocol. According to a Wednesday announcement shared with Cointelegraph, $10 million of the raised funds was secured through the protocol’s licenses to operate agents. A project spokesperson told Cointelegraph that each license is a non-fungible token (NFT) that…