Crypto billionaires are pioneering a revolutionary approach to funding biotech research by leveraging blockchain technology and decentralized principles. Changpeng Zhao, Binance’s founder, recently donated $10 million in BNB to Vitalik
The SEC is reportedly considering a streamlined approval process for altcoin ETFs by potentially bypassing the traditional Form 19b-4 filing, signaling a significant shift in regulatory approach. This new generic
The regulator approved Grayscale's bid to convert a fund primarily focused on Bitcoin, but also holding other major cryptocurrencies, into an exchange-traded fund.
The CEO of Ark Invest says that the US economy is in a recession – but there’s a catch. In a new interview with CNBC, Ark CEO Cathie Wood shares her outlook on the US economy. “Well, I think we have been climbing a wall of worry. I mean, a lot of people expected tariffs and wars and the controversy between the Fed and the President to really shake markets up. And of course, there has been some volatility. But these are the kinds of bull markets that I think are the most durable, when the market climbs through all of that controversy. It’s really signaling something. And I think the things that it’s signaling are: interest rates probably are coming down. And I think what many people are not focused on in the inflation statistics are the housing numbers. And they get in there with a long lag. We think that the shift, or the concentration toward just a very few stocks– which was a very unhealthy bull market – that is changing, and the market is broadening out. And I think deregulation is probably one of the most important things that this administration is doing to unleash animal spirits.” When asked what she thinks about opposing views – that the economy is doing fine – Wood points to housing and manufacturing numbers before making her prediction that this will all transition smoothly into a recovery. “Well, I think we’ve been pretty consistent on this idea that we’ve been through a rolling recession. If you look at housing, which is actually having a little bit of a relapse today, housing plummeted in 2022 when interest rates shot up, and it has not recovered. Manufacturing has not recovered. And so we do believe that they will recover as interest rates come down, deregulation takes hold, and some certainty about tax cuts and so forth occurs – including immediate expensing, perhaps, of capital goods, which would be very positive. So we think we’ll move from a rolling recession into a recovery.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Cathie Wood Says Stock Market Entering ‘Durable’ Bull Run, Predicts Mass Recovery of US Economy After Rate Cuts appeared first on The Daily Hodl .
BitcoinWorld Ethereum ETF Staking: SEC’s Crucial Delay Fuels Market Uncertainty The cryptocurrency world holds its breath as the U.S. Securities and Exchange Commission (SEC) once again hits the pause button on a pivotal decision. This time, it’s the highly anticipated Bitwise proposal to include staking in its spot Ethereum ETF , a move that could reshape how investors access the second-largest digital asset. The news, initially reported by @PhoenixNewsIO on X, highlights the regulatory body’s cautious approach, which also saw a postponement for the 21Shares spot Dogecoin ETF. What does this mean for the future of crypto investments, and why is the SEC taking its time? What’s the Latest on the Ethereum ETF Staking Proposal? For months, the crypto community has been buzzing with anticipation surrounding the approval of spot Ethereum Exchange-Traded Funds. Following the landmark approval of spot Bitcoin ETFs earlier this year, many believed Ethereum would be next in line. However, the path for Ethereum appears to be fraught with additional complexities, primarily due to its transition to a Proof-of-Stake (PoS) consensus mechanism and the integrated concept of staking. Bitwise, a prominent asset manager, submitted a unique proposal that sought to incorporate a staking component into its spot Ethereum ETF. This means that, if approved, the ETF would not only hold physical Ethereum but also stake a portion of it to earn yield, potentially passing those returns on to investors. This innovative approach aims to offer a more comprehensive exposure to Ethereum’s ecosystem. The SEC’s latest move, a delay in its decision, indicates a need for more time to thoroughly review the implications of such a structure. Why is the SEC Decision Taking So Long? The SEC’s prolonged deliberation on the Bitwise Ethereum ETF with staking is not entirely unexpected. The agency operates under a mandate to protect investors and maintain fair, orderly, and efficient markets. When it comes to novel financial products like crypto ETFs, especially those involving staking, the SEC faces several unique challenges and concerns: Investor Protection: The SEC scrutinizes whether investors fully understand the risks associated with staking, including smart contract vulnerabilities, slashing penalties, and the illiquidity of staked assets. Market Manipulation: Concerns persist about the potential for manipulation in the underlying spot markets for cryptocurrencies, even with Ethereum’s significant market capitalization. Custody and Security: Staking introduces additional layers of complexity regarding the custody of assets and the security protocols required to protect staked ETH. Classification of Staking: A fundamental question for the SEC is whether staking rewards or the act of staking itself constitutes a security offering under U.S. law, which would bring it under a different regulatory framework. The approval process for a spot Bitcoin ETF was relatively straightforward in comparison, as Bitcoin operates on a Proof-of-Work (PoW) mechanism without staking. The transition of Ethereum to PoS adds a new dimension that the SEC must carefully evaluate. Key Differences: Bitcoin vs. Ethereum ETF Approval Process Feature Bitcoin Spot ETF Ethereum Spot ETF (with Staking) Consensus Mechanism Proof-of-Work (PoW) Proof-of-Stake (PoS) Yield Generation No inherent yield generation Staking offers yield Regulatory Complexity Primarily market manipulation concerns Market manipulation, staking classification, custody of staked assets Precedent Grayscale court ruling was pivotal New territory for staking within ETFs Broader Implications for the Crypto ETF Landscape The SEC’s cautious stance extends beyond Ethereum. The simultaneous delay of the 21Shares spot Dogecoin ETF application underscores a broader regulatory hesitancy towards a wider range of digital assets. While Bitcoin’s approval created a precedent, it did not open the floodgates for all cryptocurrencies. Each asset and its unique characteristics, particularly its consensus mechanism and associated activities like staking, are subject to individual scrutiny. This ongoing delay for the Crypto ETF applications could mean a slower, more deliberate rollout of diversified crypto investment products in the U.S. It signals that the SEC is not simply rubber-stamping applications but is taking a measured approach to ensure regulatory clarity and investor protection in a rapidly evolving market. Diving Deeper into the Bitwise Ethereum Proposal Bitwise Asset Management has been a proactive player in the crypto ETF space, being one of the first to file for a spot Bitcoin ETF and now pushing the boundaries with its Ethereum staking proposal. Their strategy is to offer investors not just exposure to the price movements of ETH but also the potential to earn passive income through staking rewards, mirroring the benefits of directly holding and staking Ethereum. The inclusion of staking in an ETF product presents significant operational and regulatory hurdles. How would the staking rewards be managed? What are the tax implications for investors? How would the ETF ensure liquidity for redemptions if a significant portion of its ETH is locked up in staking? These are complex questions that Bitwise and the SEC are likely grappling with during this review period. The success of the Bitwise Ethereum ETF with staking could set a crucial precedent for future yield-bearing crypto products in the traditional finance world. The Complexities of ETH Staking and Regulatory Scrutiny ETH staking is a fundamental aspect of Ethereum’s post-Merge network. It involves locking up ETH to support the network’s security and operations, for which participants earn rewards. While attractive for its passive income potential, integrating staking into a regulated ETF product introduces several layers of complexity: Benefits of Staking for Investors (if integrated into an ETF): Passive Income: Potential to earn yield on ETH holdings, enhancing overall returns. Network Security: Contributing to the stability and security of the Ethereum network. Accessibility: An ETF could make staking accessible to traditional investors without the technical complexities of self-staking. Challenges for ETFs Incorporating Staking: Liquidity: Staked ETH is typically locked for periods, impacting the ETF’s ability to meet redemptions. Slashing Risk: Penalties for validators’ misbehavior could lead to loss of staked ETH. Centralization Concerns: Large institutional stakers could raise concerns about network decentralization. Regulatory Classification: The ongoing debate whether staking rewards constitute unregistered securities. The SEC’s decision will likely hinge on how these challenges are addressed and whether the proposed structure adequately protects investors from the unique risks associated with ETH staking within a regulated product. Market Reaction and Future Outlook The market’s reaction to the latest delay has been relatively muted, as such postponements have become a common occurrence in the crypto ETF approval saga. However, the underlying sentiment remains one of cautious optimism. Analysts generally anticipate that spot Ethereum ETFs will eventually gain approval, though the timeline for those including staking remains highly uncertain. Many experts point to May 2024 as a critical window for a final SEC decision on several spot Ethereum ETF applications, including those from VanEck and Ark Invest/21Shares, though these do not currently include staking. The Bitwise proposal with staking adds another layer of complexity that might require more time. Investors should brace for continued volatility and further delays as the SEC navigates this uncharted regulatory territory. Actionable Insights for Crypto Enthusiasts While the wait for a spot Ethereum ETF with staking continues, here are some actionable insights for those interested in the crypto market: Stay Informed: Keep a close eye on SEC filings and announcements from asset managers. Regulatory developments are key drivers of market sentiment. Understand the Nuances: Differentiate between pure spot ETFs and those with staking components. Each carries different risk profiles and potential benefits. Consider Direct Staking (with caution): For those comfortable with the technical aspects and risks, direct ETH staking remains an option, but understand the implications of locking up your assets. Diversify Your Portfolio: Don’t place all your investment hopes on a single regulatory approval. The crypto market offers a vast array of opportunities. A Glimpse into Tomorrow: The Evolving Crypto Landscape The SEC’s decision to delay the Bitwise Ethereum ETF staking proposal is a reminder that the integration of cryptocurrencies into traditional finance is a gradual, complex process. While frustrating for some, these delays underscore the regulatory body’s commitment to due diligence in a nascent yet rapidly maturing asset class. The eventual approval of such products, especially those incorporating yield-generating mechanisms like staking, would mark a significant milestone, opening doors for broader institutional and retail adoption. The journey towards fully regulated and innovative crypto investment vehicles continues, characterized by a delicate dance between technological advancement and regulatory prudence. The crypto market remains dynamic, promising both challenges and immense opportunities for those who stay informed and adaptable. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum institutional adoption . This post Ethereum ETF Staking: SEC’s Crucial Delay Fuels Market Uncertainty first appeared on BitcoinWorld and is written by Editorial Team
Fintech firm Robinhood is taking the crypto industry by storm. On June 30, Robinhood announced a number of game-changing products and services for users in the United States and the European Union. Vlad Tenev, CEO and chairman of Robinhood, announced at Robinhood Presents: To Catch a Token event in Cannes, France , that the firm has officially launched U.S. stock and exchange-traded fund (ETF) tokens for EU users. Robinhood has also introduced crypto perpetual futures in the EU to offer eligible customers access to a new class of derivatives. Other offerings include an AI agent to help eligible traders make informed decisions, along with new benefits associated with the Robinhood Gold credit card. Tenev further stated at Robinhood’s exclusive 300-person event in Cannes that EU users will no longer refer to the platform as “Robinhood Crypto,” but just as “Robinhood.” This is because the fintech giant is now offering traditional financial services to its EU users. https://t.co/GT8KHzZfyk — Robinhood (@RobinhoodApp) June 30, 2025 During the event, Cryptonews had the pleasure of speaking with Johann Kerbrat—GM and SVP of Crypto at Robinhood—to learn more about the firm’s new offerings. It was a pleasure speaking with @JohannKerbrat head of @RobinhoodApp crypto about the new product launches during the “To Catch A Token Event” in Cannes. So excited to see the crypto industry evolving. Read more here: https://t.co/eBlGNMZTBZ pic.twitter.com/6azLOzH0YD — Rachel Wolfson (@Rachelwolf00) June 30, 2025 Cryptonews: Please explain in detail the new products Robinhood has launched. Johann Kerbrat: In the U.S., Robinhood has launched Robinhood Legend, mobile chats for advanced traders, and tax lots, which enable users to sell specific lots at any time. We also have the Robinhood Gold credit card, where users can redeem cash or crypto after making purchases. This will be released in the fall. In the EU, Robinhood has launched perpetual futures for Bitcoin ( BTC ), Ethereum ( ETH) and on stock tokens, allowing users to get exposure to stocks using crypto. There are no fees or added margins—users just have to pay a small FX fee. Additionally, we enabled staking last year for EU users for Ethereum and Solana (SOL). This has become one of Robinhood’s main features, and we just launched this in the U.S. Users will get 2.5% for staking ETH. The Robinhood Gold credit card further allows 3% crypto back into the Robinhood brokerage account. We built this option so users can automatically invest in crypto and choose which tokens to invest in. CN: Amazing—What are you most excited about personally? JK: The stock token. This is because it represents the idea that Robinhood users can leverage crypto for more than just trading assets, but rather as a technology meant to rebuild the entire financial system. This technology can be applied to anything—any type of stocks, products, or private equity. CN: Does Robinhood Have Plans to Tokenize Other Assets? JK: Yes, there are certainly plans for this. You can imagine tokenizing anything from art to real estate to stocks from different markets. This doesn’t just apply to the U.S.—the technology is here and can be used anywhere. CN: Can you further discuss the Robinhood Layer-2 blockchain that remains in development? JK: Yes, as of now we are launching Robinhood stock tokens on Arbitrum. Arbitrum is also an ideal partner to build our chain on as well because of their regulatory and compliance structure. We don’t have a date yet as to when the Robinhood blockchain will be released. CN: What are the biggest challenges associated with these new products, and how will Robinhood overcome these challenges? JK: There are still many regulatory challenges in the U.S. For example, the Stablecoin Bill just passed , but a lot of work is still needed for the Market Structure Bill . Also, the accredited investor rule prevents a number of people from investing in stocks, as there is a minimum income or net worth requirement. Yet I believe that investing should be about a user’s knowledge, and if they are able to trade assets. All these things need to be overcome in order for crypto adoption to take off in the U.S. Most recently, we saw this with stablecoins. The idea of tokenizing the U.S. dollar really took off, and now corporations like Walmart and Amazon are starting to show interest in stablecoins . CN: Is Robinhood excited about the current regulatory environment in the US? JK: Our goal is to work closely with the new administration. But the fact that the US is finally creating rules that are similar to the Market in Crypto Assets Regulation (MiCA) rule in the EU will undoubtedly increase institutional interest. This enables Robinhood to continue building new products and services. CN: Any final thoughts? JK: I think that there are many instances where people in crypto have been focusing on protocols and technology. However, there haven’t been a lot of real-world use cases. Robinhood showed during our demo at the event today that we are a classic brokerage working on a blockchain network. Everything still looks the same, though. At the end of the day, people won’t have to think about what’s happening behind the scenes and the technology will just work. That is what we are excited about. The post “I’m Most Excited About Stock Tokens, As We Can Use Crypto For More Than Trading Assets,” Says Robinhood Crypto GM appeared first on Cryptonews .
Crypto billionaires are using their resources to fund a new type of paradigm in science, specifically focusing on biotech. Major players in the crypto industry are working on a new way to fund biotech and science. On Tuesday, June 1, Binance founder Changpeng Zhao revealed he personally donated $10 million in BNB (BNB) to Ethereum (ETH) founder Vitalik Buterin’s open-source biotech initiatives. Their goal, according to Buterin, is to apply blockchain’s principles to the most impactful fields in science. 🙏 Moved by this post👇. Just doing my little part. The best way to attract mission-driven talent is having conviction yourself. Likeminded people naturally come together. On top of YZiLabs investments, I personally donated $10m (in BNB) to Vitalik a couple of months back to… https://t.co/vGNdneoci7 — CZ 🔶 BNB (@cz_binance) July 1, 2025 This donation, which happened a few months ago, is on top of the investments that his family office, YZi Labs, made in similar initiatives in biotech. The tech billionaire, with a net worth of about $65 billion, called it doing his little part to help advance biotech and was likely inspired by Buterin. You might also like: Vitalik Buterin warns of AI risks while highlighting new opportunities Buterin’s vision for decentralized biotech Currently, important fields of science, especially biotech, are mostly in the hands of giant corporations. These develop treatments with a profit motive in mind, which can lead to negative outcomes for potential users. In Buterin’s view, there is a way to fix this, using decentralization. According to the Ethereum founder, blockchain principles, such as transparency, open source development, and privacy, are key to making scientific progress work for everyone. In a 2023 blog post , he explained several ways that “decentralized science” can benefit people in fields like biotech. You might also like: Exclusive: Vitalik Buterin’s take on the ‘AI versus humans’ debate For instance, zero-knowledge proofs can be used to protect public health from epidemics while also protecting user privacy. At the same time, independent researchers can develop tools like open-source vaccine protocols and pocket air testers quickly, saving lives in a future pandemic. What is more, he explained that crypto has a unique way to fund public goods, thanks to its focus on community. To that end, Buterin himself donated millions to his biotech fund, mostly with crypto he made from memecoins. Read more: Ethereum’s Buterin dumps 10b MOODENG tokens, donates $640k to his charity fund
Bitcoin’s price action is under intense scrutiny as the cryptocurrency approaches the critical $108,000 mark, with prediction markets showing a notable shift in sentiment. Recent technical indicators reveal a tug-of-war
DDC Enterprise, the company behind Asia-based brands DayDayCook, Nona Lim and Yai’s Thai, which trades on the New York Stock Exchange (NYSE) under the ticker symbol “DDC,” has raised up to $528 million in capital commitments with the goal of growing institutional Bitcoin (BTC) reserves. The funding comes via a $26 million private equity investment (PIPE) with “leading” digital asset investors, a $25 million convertible note issuance, a $2 million private placement and a $200 million equity credit line with Anson Funds, the company said Tuesday. DDC also retains the option to raise up to $275 million in additional capital via convertible notes. DDC stated that it plans to purchase Bitcoin with these funds, and that the transactions will be carried out under the supervision of New York-based investment bank Maxim Group LLC. Related News: Binance Founder Changpeng Zhao Reveals He Sent Vitalik Buterin $10 Million Worth of BNB - Here's Why The company's founder, chairman and CEO, Norma Chu, made the following statement regarding the development: “This maximum capital commitment of $528 million is a milestone for DDC. With leading institutions like Anson Funds, Animoca Brands, and Kenetic Capital supporting our vision, we have an unparalleled ability to build one of the world’s most valuable institutional Bitcoin treasuries and execute on our mission to become one of the largest holders of Bitcoin globally.” DDC first announced its Bitcoin reserve strategy in May, when it sold 254,333 Class A shares to buy 21 BTC worth approximately $2.3 million. In mid-June, the company announced a $528 million funding target to expand the strategy. *This is not investment advice. Continue Reading: A Giant Company Listed on the New York Stock Exchange Makes a $528 Million Move into Bitcoin
Solana’s new mobile-first developer toolkit revolutionizes how blockchain apps are built, enabling rapid creation of cross-platform mobile DApps with integrated wallet support and onchain functionality. By leveraging React Native and