$AVL Token Soars 21% After Major Burn: Avalon Labs Reshapes Its Ecosystem.

In a sensational shift that rocked the crypto markets, Avalon Labs’ home token, $AVL, blasted off and shot up 21% following the declaration of a colossal token melt. The blockchain-borne financial services platform assured us that it had eternally deleted 80 million $AVL tokens from nature’s circulating supply, and the crypto community seems to have [...] origin »

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ProShares, Bitwise race to launch CRCL ETFs, targeting August debut amid stock price surge.

ProShares Trust and Bitwise each filed preliminary prospectuses with the Securities and Exchange Commission (SEC) on June 6 for exchange-traded funds (ETF) designed to track Circle’s CRCL shares. The ProShares Ultra CRCL ETF is a 2x leveraged product that seeks to deliver twice the daily move in CRCL by utilizing swaps and other derivatives, as […] The post ProShares, Bitwise race to launch CRCL ETFs, targeting August debut amid stock price surge appeared first on CryptoSlate. origin »

Cetus Protocol Relaunches After Exploit, Goes Open Source to Rebuild Trust.

Cetus Protocol—the decentralized exchange (DEX) on the Sui blockchain—has made an official relaunch following a disastrous exploit, signaling what could be a strong comeback. The relaunch, which happened Sunday, comes with a number of strategic decisions that the company hopes will restore trust with the community, shore up security, and push forward decentralized development. A [...] origin »

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BiT Global drops Coinbase lawsuit over wrapped Bitcoin delisting.

BiT Global, a crypto custody firm tied to entrepreneur Justin Sun, has voluntarily dismissed its lawsuit against Coinbase over the delisting of Wrapped Bitcoin (WBTC). The move ends a months-long legal dispute that spotlighted growing tensions between centralized exchanges and token custodians as control over key infrastructure becomes increasingly contested. origin »

SEC may approve Solana ETF in coming weeks: report.

The U.S. Securities and Exchange Commission may approve a spot Solana exchange-traded fund within the next few months, according to multiple sources cited by Blockworks.  The SEC has reportedly asked prospective Solana (SOL) ETF issuers to submit amended S-1 registration… origin »

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