21Shares US has launched a Polkadot ETF ticker TDOT, expanding institutional access to DOT through traditional banking and brokerage channels. The fund allows investors to gain DOT exposure without directly holding the token, similar to spot Bitcoin and Ethereum ETFs that opened crypto markets to mainstream financial institutions. This development potentially broadens the investor base for Polkadot beyond retail traders.
Archives: Fast News
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Bitcoin price nears 68,176 USD after weak US job data
Bitcoin fell to approximately 68,176 USD after reaching a peak of 74,000 USD. This drop was primarily due to weaker than expected US labor data, which showed a loss of 92,000 jobs in February.
The adverse employment data led to declines in both crypto and stock markets, with major indices down by around 1.5% and 1.3%. Despite this, expectations for interest rate cuts remain muted.
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Culper Research shorts Ethereum over ‘death spiral’ concerns
Culper Research has announced a short position on Ethereum, citing concerns about network fundamentals. The research firm alleges that wallet and transaction growth is driven by dust transfers rather than organic usage, while claiming transaction fees have declined significantly. Additionally, the report notes that Vitalik Buterin sold over 19,000 ETH. ETH is currently trading at $1,983.31.
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Cango Bitcoin Miner reduces mining capacity by 30%
Cango Bitcoin miner has temporarily reduced its mining capacity by 30%, dropping the average hashrate to 34.55 EH/s. This strategic decision aims to address declining mining profitability and to enhance the efficiency of their equipment.
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The growth of stablecoins, positive job data, and Bitcoin’s movement beyond hedging strategies
The recent growth in stablecoin volumes signals a potential re-entry of sidelined capital into crypto, away from mere speculation. The crypto market demonstrates increased transaction volumes and net inflows, intensifying interest in substantial investment.
Despite geopolitical uncertainties, positive job data may enhance the crypto landscape. Analysts believe that while Bitcoin’s recent fluctuations may seem short-lived, sustained momentum in stablecoins could signify a shift towards genuine long-term trends.
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Employment data weakens as Fed outlook grows uncertain, pressuring risk assets
The U.S. employment market showed signs of weakening on Friday while inflation concerns persist, complicating the Federal Reserve’s policy outlook. Softer labor data typically reduces expectations for aggressive rate hikes, but concurrent inflation pressures create conflicting signals for monetary policy direction. Risk assets including cryptocurrencies and equities faced selling pressure as investors reassess the macroeconomic landscape.
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Warren criticizes SEC decision to drop case against Tron founder Justin Sun
Senator Elizabeth Warren has criticized the Securities and Exchange Commission’s decision to drop its case against Tron founder Justin Sun following a settlement involving a $10 million payment. Warren stated that cryptocurrency legislation must address what she describes as corruption in the sector. The case resolution marks a significant development in regulatory enforcement against major crypto figures.
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Hassett discusses the benefits of prediction markets
Hassett emphasized that prediction markets play a significant role in economic discussions, especially in contexts like oil discussions and geopolitical strategies.
He clarified that the administration has no immediate plans to utilize the Strategic Petroleum Reserve, while indicating that corporate lawsuits about tariff rebates are a concern being addressed by the private sector.
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Pakistan parliament passes Virtual Assets Act to formalize crypto regulation
Pakistan has passed the Virtual Assets Act, establishing a statutory digital asset regulator and introducing criminal penalties for violations nationwide. The legislation formalizes the country’s approach to cryptocurrency oversight, creating a dedicated regulatory framework for virtual assets. The move marks a significant step toward bringing crypto activities under formal legal supervision in Pakistan.
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The Graph expands Solana infrastructure with Substreams data platform
Good infrastructure operates invisibly when it functions reliably. For Solana users, this means seamless wallet updates when executing swaps or opening positions. The Graph’s Substreams product handles real-time pricing, large-scale analytics, and wallet integration on Solana, enabling developers to build faster and more cost-effective applications. The platform serves multiple use cases including AI applications and data analytics, providing teams with the reliability and performance needed for production-grade DeFi infrastructure.