Digital Assets
Ether is rallying strongly, reaching above $4,400 by mid-2025, with significant accumulation by digital asset treasury firms and optimism around upcoming Ether ETFs. This surge highlights Ethereum's growing appeal as an innovative technological platform distinct from Bitcoin's role as digital gold.
High-risk crypto lending platforms like Divine Research and 3Jane are gaining traction by offering uncollateralized stablecoin loans with high interest rates. While these ventures promise innovation and accessibility, they come with significant risks reminiscent of past crypto collapses. Explore how Bitlet.app’s Crypto Installment service offers a safer way to invest in cryptocurrencies today.
The U.S. Senate has introduced a streamlined version of its crypto market structure legislation, contrasting with the House's more comprehensive CLARITY bill. Both bills agree that major digital assets like Bitcoin and Ether may not be securities, but their differing approaches indicate ongoing debates in crypto regulation. The eventual reconciliation will significantly influence the future U.S. regulatory landscape for cryptocurrencies.
Bitcoin ETFs have rebounded, and Ether ETFs have attracted $231 million in inflows, highlighting increasing institutional investment in digital assets. Platforms like Bitlet.app support this trend by offering innovative services such as crypto installment plans, making digital asset acquisition more accessible.
JPMorgan Chase is gearing up to offer loans backed by clients' Bitcoin and Ethereum holdings, signaling a notable shift in the banking giant's approach to cryptocurrencies. This new offering is set to roll out potentially as early as next year, reflecting growing acceptance of digital assets in traditional finance.
The U.S. House of Representatives has passed the GENIUS Act, paving the way for stronger regulation of U.S.-dollar-pegged stablecoins. This move is expected to enhance transparency and institutional trust in digital assets, signaling a positive outlook for the crypto industry.
The U.S. House of Representatives passed the GENIUS Act to regulate U.S.-dollar-pegged stablecoins, expanding the Commodity Futures Trading Commission's authority. This landmark legislation is expected to boost transparency, institutional adoption, and trust in digital assets, marking a major step forward for crypto regulation in the U.S.
BigONE cryptocurrency exchange experienced a $27 million hack affecting its hot wallet. Despite the breach, private keys and cold storage remained safe. The company is covering losses and enhancing security, working with SlowMist to recover assets. This incident highlights the ongoing challenges in crypto security.
Russia's Sberbank plans to offer custody services for cryptocurrency assets, aligning with the country's softened stance on crypto and aiming to boost digital asset security and development.
U.S. Congress hit a procedural snag on crypto regulation as bipartisan opposition delayed key bills, impacting crypto markets. This holds back much-needed clarity for the digital asset industry amid ongoing debates.