Key Takeaways The SEC approved in-kind creation and redemption for Bitcoin and Ethereum ETFs, replacing the cash-only model. Analysts expect altcoin ETF approvals to follow with in-kind mechanisms from the outset. Share this article The SEC has approved in-kind creation and redemption mechanisms for spot Bitcoin and Ethereum exchange-traded products, aligning them with traditional commodity ETFs and replacing the previous cash-only model.The move allows authorized participants to deliver or receive Bitcoin and Ether directly when issuing or redeeming shares, cutting costs and improving tax efficiency for issuers and investors alike.“It’s a new day at the SEC,” said Chairman Paul S.…
Author: admin
Spotify has experimented with various voice interfaces in the past, and more recently, added an AI DJ that introduces tunes the company thinks you’ll like and lets you make your own requests. Now, Spotify is teasing that generative AI advances may pave the way for an even more conversational interface with the streaming service in the future, according to comments made during Spotify’s second-quarter earnings call with investors on Tuesday. Asked about how AI was affecting its business, Spotify Chief Product and Technology Officer Gustav Söderström noted that consumers today are able to talk to Spotify in plain English to…
OpenAI announced Tuesday the launch of Study Mode, a new feature within ChatGPT that aims to help students develop their own critical thinking skills, rather than simply obtain answers to questions. With Study Mode enabled, ChatGPT will ask users questions to test their understanding and, in some cases, refuse to offer direct answers unless students engage with the material. OpenAI says Study Mode is rolling out to logged in users on ChatGPT’s Free, Plus, Pro, and Team plans starting Tuesday. The company expects to introduce Study Mode to its Edu subscribers, which largely consists of young people whose school administrator’s have purchased…
Can India’s 30% crypto tax stay here despite the rise in adoption and industry pushbacks? Why does the global market accept it when the Indian government refuses to approve Bitcoin ETFs? Are there any shortages in tax rules and ETFs forced Indian crypto companies to move overseas? India’s Treasury has confirmed that there is no short-term plan to approve Bitcoin or Crypto Exchange Transaction Funds (ETFs) and that the existing 30% tax on cryptocurrency profits will be maintained. This puts the hopes of friendly regulation towards crypto despite growing national interest in digital assets. Destruction: Financial Ministry says it currently…
Key Takeaways eToro will launch tokenized US equities as ERC20 tokens on the Ethereum blockchain. The initiative aims to enable 24/7 trading and integrate traditional stocks into the DeFi ecosystem. Share this article Trading platform eToro is set to roll out tokenized US equities on Ethereum, broadening its trading suite and advancing its tokenization strategy, the company said Tuesday.The launch will feature 100 top US-listed stocks and ETFs, tokenized as ERC‑20 assets on Ethereum and backed 1:1 by traditional shares held by eToro. Users will be able to redeem tokenized stocks for underlying positions on eToro and vice versa.The company…
Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment Authority and GIC, Singapore’s sovereign wealth fund, according to the report. If finalized, the deal would nearly triple Anthropic’s valuation, which was $61.5 billion after a $3.5 billion funding round led by Lightspeed Venture Partners announced in March. Other participants in the startup’s last round…
Google announced on Tuesday that it’s rolling out Video Overviews to NotebookLM, its AI-based note-taking and research assistant. First introduced at Google I/O in May, Video Overviews allow users to turn dense multimedia, such as raw notes, PDFs, and images, into digestible visual presentations. Previously, the service took an audio approach to helping users understand materials with Audio Overviews, a feature that gives users the ability to generate a podcast with AI virtual hosts based on documents they have shared with NotebookLM, such as course readings or legal briefs. With this new capability, NotebookLM is taking a more visual approach to…
Google announced on Tuesday that it’s adding new capabilities to AI Mode, its experimental feature that allows users to ask complex questions and follow-ups to dig deeper on a topic directly within Search. One of the new features, Canvas, helps you build study plans and organize information over multiple sessions in a side panel. For example, if you want to create a study plan for an upcoming test, you can click the new “Create Canvas” button to get started. From there, AI Mode will start putting things together in the Canvas side panel, and you can keep refining the output with follow-up…
Dogecoin Recent Price Action: Why did Dogecoin crash?$Doge started the session at $0.240, promoted to $0.248, then reached a low of $0.223 during heavy US trading hours. Due to a delayed rebound, the price returned to $0.226, indicating that buyers are accumulating near the support zone. In particular, the amounts on sale were spiked at 918 million people, more than twice the average of over 24 hours. This indicates that a large player may have triggered a stop loss order and could create a base for recovery if demand is returned.Looking at the last seven days, the chart looks even…
Key Takeaways It is now illegal in Algeria to own, trade, and use digital assets. Violators of the new crypto ban face up to one year in jail and fines of up to one million dinars. Share this article Algeria has officially banned all crypto-related activities, from ownership and trading to mining and promotion, under an amended law, according to a new report from Algerian news and information portal Fibladi.Enacted on July 24, Law No. 25-10 bans the issuance, sale, purchase, possession, use, and promotion of all crypto assets, including Bitcoin, Tether, and others. The law also criminalizes mining, the…