ISLAMABAD: President Asif Ali Zardari has officially constituted the 11th National Finance Commission (NFC) under the Constitution’s Article 160, ARY News reported. The commission will play a crucial role in shaping fiscal federalism and ensuring equitable financial allocations across the federation. According to the notification on the 11th National Finance Commission issued by the Ministry […]
VanEck has filed to launch the first US ETF backed by a liquid staking token, JitoSOL, testing the SEC’s evolving stance on staking. The global asset manager VanEck has filed an S-1 registration statement with the US Securities and Exchange Commission(SEC) to launch the VanEck JitoSOL exchange-traded fund (ETF). According to the filing, this fund will hold only JitoSOL, the liquid staking token issued by Jito Network. The submission marks the first attempt to register a US exchange-traded fund backed by a liquid staking token, potentially exposing investors to Solana’s staking yields through a regulated product. JitoSOL represents Solana (SOL) locked with validators while providing a transferable token that accrues rewards, a process known as liquid staking. The product would extend VanEck’s expansion into digital asset funds, following its spot Bitcoin ETF launched in early 2024 and Ether ETF earlier that year. Unlike those vehicles, the JitoSOL ETF could test the SEC’s stance on staking. Read more
Meta’s messaging platform WhatsApp is working on a new voicemail-style feature that lets users send voice messages if a call is not answered, adding a voicemail shortcut to the interface. The voicemail-style feature is currently available to select Android beta users (version 2.25.23.21), aiming to streamline communication by offering a quick follow-up option directly from […]
WASHINGTON: US President Donald Trump announced on Friday that Washington’s John F. Kennedy Center for the Performing Arts in Washington will host the World Cup 2026 draw on December 5. “It’s a tremendous honour to bring this global event and this incredible group of people and these unbelievable athletes – the best athletes in the […]
British rock band Coldplay is set to perform in a record-breaking 10 concerts at London’s Wembley Stadium. Click here to read more Lifestyle stories Anticipation for their upcoming performances at England’s national football stadium has been building since Chris Martin teased the end of the band. The upcoming dates are part of Coldplay’s ‘Music of […]
After a BlockFi investor withdrew an objection filed in February, a judge appeared to clear the way for the next step in a settlement of a class-action lawsuit. A New Jersey judge has given preliminary approval for a $13-million settlement between a group of investors and cryptocurrency lending company BlockFi after months of delays. In a Thursday filing in the US District Court for the District of New Jersey, Judge Claire Cecchi ordered BlockFi’s insurers to pay more than $13 million to an escrow account within 30 days as part of a class-action lawsuit filed in 2023. The order followed a February motion for preliminary approval, which was held up in part due to an objection from one investor. The judge scheduled a Dec. 11 hearing to determine final approval of the settlement plan and discuss any objections from parties to the lawsuit. About 89,000 users who held interest accounts at the company from March 2019 until its bankruptcy in November 2022 were eligible for distributions under the settlement. Read mo...