An investment company named Canary Capital wants to create a new stock market fund (called an ETF) that follows the price of a Donald Trump-themed internet cryptocurrency, known as a “memecoin.”
The US SEC is now reviewing a proposal for a staked Injective (INJ) ETF, launching a 21-day public comment period on the Canary Staked INJ ETF.
Bitpanda, a European cryptocurrency exchange, has confirmed it will not pursue an initial public offering (IPO) in London.
Bitcoin fell below $110,000 for the first time in over six weeks on Monday, erasing its post-Powell rally as profit-taking and a massive whale sell-off triggered a market-wide correction.
The recent crypto rally, built on the foundation of anticipated Federal Reserve rate cuts, is showing signs of being on shaky ground.
The firm has filed for the first-ever US ETF based on a liquid staking token, JitoSOL.
The current system treats crypto profits as “miscellaneous income,” hitting top earners with a tax rate of up to 55%. That’s all set to change.
