lemaeba0

@lemaeba0

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Bitwise filed an S-1 registration form for the product with the Securities and Exchange Commission in late January.

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The ETF uses cash creations and redemptions, meaning investors cannot contribute or receive Dogecoin directly.

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Coinbase will act as the Dogecoin custodian while the Bank of New York Mellon will handle the cash custody, administration, and transfer agency functions, it stated.

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NYSE Arca has filed a proposed rule change to list and trade shares of the Bitwise Asset Management Dogecoin exchange-traded fund.

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Roger Ver maintains that the US government maliciously prosecuted him over crypto advocacy and not tax-related matters.

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Buterin reposted Silk Road founder Ross Ulbricht's message calling for the prosecution against Ver to end and characterized the case as "absurd" and "politically motivated." Buterin continued:

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There is a cat-and-mouse game with regulators and criminals locked in an escalating arms race. Stablecoin regulations are expected to tighten as governments respond to their growing role in money laundering.

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Meanwhile, Tether co-founder Reeve Collins recently announced plans to launch Pi Protocol, a decentralized stablecoin that offers yield.

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Braza Group is also participating in DREX, a Brazilian central bank blockchain initiative exploring asset tokenization, cross-border payments, and a potential central bank digital currency (CBDC).

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The stablecoin launch is slated for the first quarter of 2025, and it will initially be available to institutional clients only before expanding to business-to-consumer customers. “By the end of next year, we expect BBRL to capture about 30% of the market in Brazil,” said Sacomori.

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“Launching a stablecoin like BBRL on the XRP Ledger creates significant opportunities for the Brazilian market while also laying the groundwork for broader adoption across South America and beyond,” said Markus Infanger, senior vice president at RippleX.

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The real-pegged stablecoin called BBRL will be backed by Braza Bank, which specializes in foreign exchange services and international payments. The bank is not among the top 10 in Brazil in terms of assets and deposits, but it claims to be the largest exchange bank in the country.

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Authorities in France have launched an investigation into cryptocurrency exchange Binance over allegations of money laundering and tax fraud.

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Bitwise follows other firms vying to launch memecoin-based ETFS, which Bloomberg ETF analyst James Seyffart said is issuers “testing the limits of what this SEC is going to allow.”

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JPMorgan estimates a spot Solana ETF could attract between $3 billion to $6 billion in net assets in its first year of trading, which Bloomberg ETF analyst Eric Balchunas called a fairly “reasonable guess.”

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The refreshed 19b-4 filings effectively restart the SEC’s review process under the regulator’s new, more crypto-friendly acting chair, Mark Uyeda, who made a crypto task force to make a framework for digital assets.

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If approved, the investment may amount to over $7.3 billion in Bitcoin purchases, given the CNB’s total reserves of more than $146 billion, according to André Dragosch, head of research at Bitwise.

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CNB Governor Aleš Michl is set to present his Bitcoin (BTC) acquisition plan to the bank’s board meeting on Jan. 30, he told the Financial Times. André Dragosch, head of research at Bitwise, noted the significance of the proposal in a post on X, writing:

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