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Ken Griffin, the billionaire founder and CEO of Citadel, disclosed a 4.5% stake in DeFi Development Corp. (DFDV), a digital asset treasury company focused on accumulating Solana.According to a Schedule 13G filing with the US Securities and Exchange Commission (SEC), Griffin holds just over 1.3 million shares, representing about 4.5% of DeFi Development’s outstanding common stock.Separately, Citadel Advisors LLC and affiliated entities reported ownership of 800,000 DFDV shares, or about 2.7% of the company’s outstanding stock.Source: Marty PartyThe disclosure adds to mounting evidence of growing Wall Street engagement in digital assets. A recent a16z Crypto report highlighted accelerating institutional adoption,…

Nine Casascius coins were unsealed today, worth 9.5 BTC

This week, the Ethereum ecosystem has been rocked by a $654 million ETH transfer by the Ethereum Foundation. This triggered intense scrutiny over developer compensation, transparency, and leadership, culminating in the public resignation of core developer Péter Szilágyi and renewed criticism of governance practices.Simultaneously, Polygon’s AggLayer upgrade has faced launch delays and network instability, intensifying debate about Layer-2 alignment, fragmentation, and the Foundation’s support for external L2s.These developments, alongside POL token migration volatility, ongoing struggles to balance mainnet centralization with L2 sovereignty, and reaction to the Foundation’s earlier executive restructuring, have added fresh urgency to the disputes over Ethereum’s future…

Deliberations over the crypto market structure bill between industry executives and US lawmakers hit a fever pitch on Wednesday in a tense meeting, following a leaked proposal from Democrats to impose permissioned requirements on the decentralized finance (DeFi) sector.Democratic senators accused industry executives of acting as an extension of the Republican Party after a leaked Democratic proposal mandating know-your-customer and anti-money laundering regulations on DeFi caused a public outcry, according to Eleanor Terrett, who cited sources at Wednesday’s meeting.The lawmakers reportedly warned industry representatives that continued public outcry over the bill, or specific provisions in the proposed legislation, would slow…

T. Rowe Price, a mainstay of investment management, has filed with the Securities and Exchange Commission (SEC) to launch an actively managed crypto exchange-traded fund (ETF) that will provide exposure to multiple digital assets.This high-profile move arrives during a period marked by regulatory delays, but traditional financial institutions are eager to advance. An increasing number of ETF filings signals the growing urgency and changing attitudes across the industry as legacy firms position themselves for the future of crypto investing.Sponsored SponsoredT. Rowe Price Files to Launch Active Crypto ETFT. Rowe Price is a legacy asset manager founded in 1937. The firm…

Today in crypto, Bitcoin miner debt surged up 500% over a year as miners have raced to meet demand from AI and crypto mining, US Congress is moving to update anti–money laundering rules by raising decades-old reporting thresholds. Hong Kong has also joined Canada, Brazil and Kazakhstan in approving a spot Solana ETF. Bitcoin miner debt surges 500% as miners beef up for the hashrate fightDebt among Bitcoin miners has increased from $2.1 billion to $12.7 billion in just 12 months as they race to meet demands for artificial intelligence and Bitcoin production, according to investment giant VanEck. Without continued…

T. Rowe Price, one of the largest U.S. asset management firms, has filed with the Securities and Exchange Commission (SEC) to launch a cryptocurrency-focused exchange-traded fund (ETF). The proposed fund, named the T. Rowe Price Active Crypto ETF, aims to outperform the FTSE US Listed Cryptocurrency Index, which tracks the ten largest U.S.-listed cryptocurrencies by market capitalization that meet SEC listing standards. Unlike passive funds, the ETF can overweight or underweight assets relative to the Index and may invest in crypto not included in it, though all holdings must meet eligibility criteria, according to the SEC filing.   The filing comes…

Crypto markets have entered a holding pattern, with Bitcoin near $108,164. Traders are awaiting a key US inflation (CPI) report due out on Friday. Hopes are rising for a de-escalation in the US-China trade war. Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute. Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815. The stabilization…

Hong Kong’s Securities and Futures Commission (SFC) has approved Asia’s first spot Solana (SOL) exchange-traded fund (ETF). This approval marks a new milestone in the city’s effort to expand its role as a regional crypto finance hub.The ETF, managed by ChinaAMC (Hong Kong), will begin trading on October 27. The minimum investment threshold is around $100.Sponsored SponsoredExpanding Crypto ETF Options in Hong KongThe SFC has approved the launch of a spot Solana (SOL) ETF. It becomes the third cryptocurrency-based spot ETF authorized in Hong Kong, following Bitcoin (BTC) and Ethereum (ETH). ChinaAMC will fully back the product with physical Solana…

One month ago, Harshvardhan (“Hash”), an alumni of the MIT Bitcoin Club and an organizer for the MIT Freedom Tech Expo, told me in an interview about how a friend of his who is a social worker in Nepal and who was on the ground during the recent protests in the country doesn’t like Bitcoin. “There’s a lot of people with left-leaning ideology who still think bitcoin is a capitalistic tool, and they’re not very comfortable with it yet,” explained Hash. I’ve been thinking a lot about this point he made since we spoke. As someone who was formerly more…