The SEC’s approval comes just weeks after Trump Media confirmed its capital raise to purchase Bitcoin, following initial denials of earlier reports. Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal. According to a June 13 SEC filing, the agency “declared effective” TMTG’s S-3 registration statement — filed on June 6 — for the Bitcoin (BTC) treasury deal. The S-3 is a form that US companies use to register the sale of various securities, like stocks, options, and different types of debt. TMTG filed a corresponding final prospectus with the SEC on the same day. The SEC filing said that, as part of its Bitcoin treasury plan, TMTG registered the resale of approximately 56 million shares and 29 million more tied to convertible notes as part of debt and equity a...
ETF analyst James Seyffart said all of the updated S-1 filings "include staking language I believe." Seven Solana ETF applicants filed S-1 statements with the US Securities and Exchange Commission (SEC) on June 13; however, Bloomberg ETF analyst James Seyffart doubts approval will come as soon as next week. “I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it. If anyone remembers the Bitcoin ETF launch, there were *A LOT* of filings over the preceding couple months before launch,” Seyffart said in a post on Friday. US-based spot Bitcoin ETFs launched in January 2024, more than ten years after crypto exchange Gemini co-founders Tyler and Cameron Winklevoss filed the first spot Bitcoin ETF application with the SEC in 2013. On June 13, Fidelity Investments filed its initial S-1 registration statement for its spot Solana (SOL) ETF product, while 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital filed S-1 amendments. Read...
Technical data and ETH accumulation trends suggest price dips in the $2,100 zone are strategic purchasing opportunities. Key takeaways: Rising spot ETH ETF inflows and BlackRock’s accumulation signal strong institutional investor interest, supporting a bullish outlook. A dip to $2,100 could be a strategic entry point, bolstered by tokenized AUM surpassing $5 billion and a potential Q4 breakout driven by year-end strategies. Read more
The former global head of institutional markets for Blockchain.com and a partner at a Washington, DC-based law firm will be the latest additions to SEC staff. The US Securities and Exchange Commission (SEC) has announced several new hires, including those with experience in the cryptocurrency and blockchain industry. In a Friday notice, the SEC said Jamie Selway would join as the agency’s director of trading and markets. Selway worked as the global head of institutional markets for Blockchain.com from 2018 to 2019. Brian Daly, a partner at Akin Gump Strauss Hauer and Feld LLP with experience in crypto, will also join the commission, heading its investment management division. Read more