SEC Chair Paul Atkins says the new listing standards will reduce barriers to access digital asset products and give investors more choice. The US Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not need to be assessed individually. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement. It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval. The SEC was facing deadlines from October onwards to decide on those cases, in addition ...
BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues. The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union. Read ...
The reported $683-million investment from Nvidia into Nscale came amid a push by the UK government to develop the country’s AI infrastructure. Nvidia, one of the most significant chip designers globally, reportedly announced a $683 million investment in a UK-based AI infrastructure company that spun off from a cryptocurrency miner in 2024. According to a Wednesday Bloomberg report, Nvidia CEO Jensen Huang said the investment in Nscale, the AI arm of crypto mining company Arkon Energy, would be part of efforts to develop the UK’s infrastructure around artificial intelligence. Nscale spun off Arkon in May 2024 to offer AI cloud services across Europe. The investment came amid a push by the UK government to develop the country’s AI infrastructure. Nvidia said it would partner with Nscale to scale up the UK’s capacity to 60,000 GPUs, which will be included in some of Nscale’s data centers by 2026. Read more