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The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to … <a href="https://beincrypto.com/sec-delays-crypto-etfs-decision/">Continued</a>
Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
- 02:55A whale deposited $2.46 million USDC into HyperLiquid to short ZECAccording to Jinse Finance, OnchainLens monitoring shows that a whale address deposited $2.46 million USDC into HyperLiquid and opened a ZEC short position with 3x leverage.
- 02:55Swiss AMINA Bank becomes the first European bank to launch Ripple paymentsAccording to Jinse Finance, citing CCN, AMINA, a crypto bank regulated by Switzerland's FINMA, has become the first European bank to officially launch Ripple's cross-border settlement solution for payments. This integration connects blockchain settlements with traditional banking systems, allowing customers to efficiently transfer funds across borders within a regulated framework. AMINA's Chief Product Officer, Myles Harrison, stated that traditional correspondent banking networks cannot simultaneously support both fiat and stablecoin rails, while Ripple technology significantly enhances banking capabilities, reduces cross-border friction, and helps crypto-native clients maintain a competitive edge.
- 02:47The Crypto Fear Index drops to 16, indicating the market remains in a state of extreme fear.According to Jinse Finance, data from Alternative shows that today the Crypto Fear & Greed Index has dropped to 16 (compared to 21 yesterday), indicating that the market remains in a state of extreme fear. Note: The Fear & Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + bitcoin's dominance in the overall market (10%) + Google trend analysis (10%).