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Donald Trump is extending his push into crypto with a new plan to launch a Truth Social Bitcoin ETF, his latest move in an increasingly controversial expansion into digital assets. The proposed exchange-traded fund, filed by NYSE Arca on behalf of Yorkville America Digital, a financial partner of Trump Media & Technology Group, aims to track Bitcoin’s price performance. If approved, the Truth Social Bitcoin ETF would mark a major expansion of Trump’s growing crypto footprint, adding to a controversial digital asset portfolio that includes meme coins, NFTs, and a mining venture, many of which have drawn scrutiny over potential conflicts of interest. Truth Social Bitcoin ETF To Have Same Custodian As Crypto.com The filing did not disclose details about the proposed Truth Social Bitcoin ETF, with the management fee and ticker of the fund still unknown.  However, NYSE Arca’s filing did say the fund “seeks to reflect generally the performance of the pri...

Data compiled by the WuBlockchain team shows: In September, the spot trading volume of major exchanges decreased by 22% month-over-month. The top three exchanges with the highest growth rates were Crypto.com (34%), Bitfinex (6%), and Upbit (2%). The bottom three were KuCoin (-66%), Coinbase (-44%), and BitMart (-42%). In September, the derivatives trading volume of major exchanges dropped by 20% month-over-month. The top three exchanges with the highest growth rates were Crypto.com (37%), Mexc (21%), and Bitget (-19%). The bottom three were Deribit (-45%), Bybit (-37%), and Kraken (-34%). In September, the website traffic of major exchanges fell by 4% month-over-month. The top three with the highest growth rates were KuCoin (12%), BitMart (5%), and Bitget (3%). The bottom three were Deribit (-21%), HTX (-21%), and Gate (-20%). Note: The following data may have significant volume manipulation or bot activity. Spot and derivatives data are sourced from Coingecko, while traffic data comes...

Crypto.com has officially announced the acquisition of its virtual asset service provider (VASP) registration from the Bank of Spain. The registration grants Crypto.com the authority to provide a wide range of products and services to users in Spain while adhering to strict compliance measures, including anti-money laundering directive (AMLD) and other financial crimes laws, ensuring user protection and safety. A growing list of regulatory licenses Crypto.com’s CEO, Kris Marszalek, expressed their commitment to compliance and collaboration with regulatory bodies, following the successful acquisition of the VASP registration from the Bank of Spain.  We're excited to share our latest regulatory achievement in Europe! We have obtained our Virtual Asset Provider Registration in Spain Learn more:https://t.co/ZGmgE9n937 pic.twitter.com/fmkWt6npvK — Crypto.com (@cryptocom) June 23, 2023 This announcement adds to Crypto.com’s growing list of regulatory licens...

The Singapore-based exchange, also one of the top-10 crypto trading marketplaces, is operating proprietary trading as well as market-making teams, said five people familiar with the matter to Financial Times. advertisement In most markets, separate private companies are behind market-making and prop trading activities. Also, the exchanges here match the buyers with the sellers at the most competitive and transparent price. However, the US regulators have started clamping down on exchanges that support internal market-making activities. Earlier this month, the US Securities and Exchange Commission (SEC) charged crypto exchange Binance for using a trading firm operated by chief executive Changpeng Zhao and engaging in “manipulative trading that artificially inflated the platform’s trading volume”. The SEC Chair Gary Gensler said: “These trading platforms, they call themselves exchanges, are commingling a number of functions. In traditi...