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21Shares has announced the launch of the first spot DOGE Exchange-Traded Fund (ETF) backed by the Dogecoin Foundation, aiming to offer investors regulated, physically backed access to the largest memecoin by market capitalization. Related Reading Dogecoin Goes From Memecoin To Wall Street On Wednesday, financial services company 21Shares announced the launch of its 21Shares Dogecoin ETF (TDOG) on Nasdaq to provide “a new way to gain physically-backed DOGE exposure in traditional portfolios.” According to the announcement, the firm’s DOGE ETF is the only investment product of its category to be officially endorsed by the Dogecoin Foundation, the nonprofit organization dedicated…

In brief William Panzera has been sentenced to 12 years in prison for his role in a drug trafficking operation that imported over a metric ton of fentanyl-related substances from China. The organization used wire transfers and Bitcoin to send hundreds of thousands of dollars to Chinese suppliers, distributing drugs throughout New Jersey as counterfeit pills. Eight co-defendants have already pleaded guilty in related cases, highlighting the scale and coordination of the drug trafficking network. A North Haledon man will spend the next dozen years behind bars for helping to flood American streets with over a metric ton of fentanyl-related…

Digital asset treasury (DAT) companies are likely to face consolidation in 2026, as the largest, best-capitalized players continue to accumulate Bitcoin and Ether while smaller companies struggle to keep pace, according to Pantera Capital.DATs are set for “brutal pruning” in 2026, with only a few dominant corporate treasuries left standing, predicted asset manager Pantera Capital in a Wednesday X post. “Everyone else gets acquired or left behind except for a longer-tail token winner going along for the ride.”So far this year, the pattern has been most visible in Bitcoin (BTC) and Ether (ETH) treasuries, where the most well-funded players have…

US prosecutors will not retry their wire fraud and money laundering case against a former manager at the nonfungible token platform OpenSea, following a federal appeals court’s July reversal of the convictions.On Wednesday, prosecutors told a Manhattan federal court that they entered into a one-month deferred prosecution agreement following the appeals court ruling, after which the case will be formally dismissed.In a letter, Manhattan US Attorney Jay Clayton, a former SEC chair, said the decision was made based on Chastain already serving parts of his initial sentence, including three months behind bars, and that he agreed not to contest the…

Similar XRP funding conditions preceded rebounds of roughly 50% in August and September 2024 and about 100% in April 2025.XRP (XRP) funding rates on Binance have been mirroring the behavior seen ahead of sharp price rebounds since 2024.Key takeaways:Negative funding led to short squeezes since late 2024Binance funding rates stayed mostly negative in the past two months. That meant more leveraged traders bet on XRP price falling, and that they had to pay to keep their short positions open. XRP Ledger funding rates on Binance. Source: CryptoQuant/DarkfrostThe bearish consensus among derivatives traders formed after a roughly 50% decline in XRP…

The new feature allows U.S. users to borrow USDC against cbETH while keeping their staked ETH exposure intact.

Asian equities pushed higher and the dollar stayed under pressure, giving crypto a firmer footing after a volatile week.

On-chain analytics firm Glassnode has pointed out in a new report how Bitcoin is facing supply overhang beyond the $98,000 region. Bitcoin Could Find Resistance Beyond $98,000 In its latest weekly report, Glassnode has discussed about how the recent Bitcoin rally stalled near the Realized Price of the short-term holders (STHs). The “Realized Price” is an on-chain metric that tracks the cost basis of the average investor or address on the BTC network. The STH Realized specifically measures the average acquisition level of traders who purchased within the past 155 days. As the below chart shows, this indicator is located…

The metric highlights weak risk-adjusted performance during periods of volatility, a feature of drawdowns that can persist for months.

The American Bankers Association (ABA) has made cracking down on stablecoin yield a top priority for 2026, amid its ongoing debate with US lawmakers that it will hurt the banking industry’s competitiveness.The ABA said on Tuesday that one of several priorities it has this year is to “stop payment stablecoins from becoming deposit substitutes that slash community bank lending by prohibiting paying interest, yield or rewards regardless of the platform.”Stablecoin oversight topped a list of five priorities, which also included fighting financial fraud, stopping arbitrary interest rate caps, and focusing on indexing and mission-driven banks. ABA CEO and president Rob…