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Ken Griffin, the billionaire founder and CEO of Citadel, disclosed a 4.5% stake in DeFi Development Corp. (DFDV), a digital asset treasury company focused on accumulating Solana.According to a Schedule 13G filing with the US Securities and Exchange Commission (SEC), Griffin holds just over 1.3 million shares, representing about 4.5% of DeFi Development’s outstanding common stock.Separately, Citadel Advisors LLC and affiliated entities reported ownership of 800,000 DFDV shares, or about 2.7% of the company’s outstanding stock.Source: Marty PartyThe disclosure adds to mounting evidence of growing Wall Street engagement in digital assets. A recent a16z Crypto report highlighted accelerating institutional adoption,…

Deliberations over the crypto market structure bill between industry executives and US lawmakers hit a fever pitch on Wednesday in a tense meeting, following a leaked proposal from Democrats to impose permissioned requirements on the decentralized finance (DeFi) sector.Democratic senators accused industry executives of acting as an extension of the Republican Party after a leaked Democratic proposal mandating know-your-customer and anti-money laundering regulations on DeFi caused a public outcry, according to Eleanor Terrett, who cited sources at Wednesday’s meeting.The lawmakers reportedly warned industry representatives that continued public outcry over the bill, or specific provisions in the proposed legislation, would slow…

Today in crypto, Bitcoin miner debt surged up 500% over a year as miners have raced to meet demand from AI and crypto mining, US Congress is moving to update anti–money laundering rules by raising decades-old reporting thresholds. Hong Kong has also joined Canada, Brazil and Kazakhstan in approving a spot Solana ETF. Bitcoin miner debt surges 500% as miners beef up for the hashrate fightDebt among Bitcoin miners has increased from $2.1 billion to $12.7 billion in just 12 months as they race to meet demands for artificial intelligence and Bitcoin production, according to investment giant VanEck. Without continued…

Senate Democrats called on Steve Witkoff, President Donald Trump’s special envoy to the Middle East, to provide more details about his personal crypto holdings, raising questions about potential conflicts of interest. Led by Sen. Adam Schiff (D—Calif.), eight senators requested that Witkoff explain why his latest ethics disclosure showed ongoing stakes in a Trump-linked cryptocurrency and other crypto-related business entities. “Your failure to divest your ownership in these assets raises serious questions about your compliance with federal ethics laws and, more importantly, ability to serve the American people over your own financial interests,” the senators wrote in the letter. Zach…

Enough U.S. Senate Democrats are still showing they’re ready to approve a crypto market structure bill that the effort has legs, they expressed in a meeting with several crypto CEOs on Wednesday that focused on a way forward on U.S. crypto regulation.Digital assets business leaders had two meetings set for the same day, the first to discuss the next steps with Democrats, whose votes will be needed to lift any bill over the Senate’s 60-vote threshold. The second meeting was with those lawmakers’ Republican counterparts, who’ve been pushing a draft bill that’s their answer to the House of Representatives’ Digital…

T. Rowe Price, one of the largest U.S. asset management firms, has filed with the Securities and Exchange Commission (SEC) to launch a cryptocurrency-focused exchange-traded fund (ETF). The proposed fund, named the T. Rowe Price Active Crypto ETF, aims to outperform the FTSE US Listed Cryptocurrency Index, which tracks the ten largest U.S.-listed cryptocurrencies by market capitalization that meet SEC listing standards. Unlike passive funds, the ETF can overweight or underweight assets relative to the Index and may invest in crypto not included in it, though all holdings must meet eligibility criteria, according to the SEC filing.   The filing comes…

Ethereum transactions can now be preconfirmed in just a fraction of a second with new tech from an Ethereum infrastructure platform.Primev says its FAST RPC (Remote Procedure Call) allows transactions to be preconfirmed and set for inclusion in blocks in under 200ms — enabling everything from Ether (ETH) transfers and interacting with smart contracts to minting non-fungible tokens (NFTs) at “blazing speed.”Preconfirmation is an early signal from a block builder indicating a transaction will likely be included in the next block, while block inclusion refers to a transaction being added into a block.RPCs like FAST RPC connect crypto wallets to…

Nigel Farage said he plans to bring crypto in from the cold.The comments mark his latest commitment to the industry.But not everyone’s happy to be associated with him.Nigel Farage says he will make London a crypto hotbed “when I’m in Number 10.”The Reform Party leader made the pledge on stage during the Zebu Live conference in London on Wednesday. “I want to bring in digital assets and crypto from the cold in London, to have that regulatory framework under which everybody can operate,” Farage told the audience.Farage’s fireside chat is the latest in a string of public pro-crypto performances. Farage,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure FalconX has announced an acquisition of 21Shares, combining prime brokerage infrastructure with the world’s largest crypto ETP platform. FalconX Pushes Into Crypto ETFs & ETPs With 21Shares Acquisition As announced in a press release, FalconX has agreed to acquire 21Shares. FalconX is an institutional crypto prime brokerage that provides large clients with deep global liquidity, derivatives, financing, custody, and settlement across digital asset markets. It has facilitated over $2 trillion in trading volume and hosts a global client base of more than 2,000 institutions. Meanwhile, 21Shares is…

In brief First Lady Melania Trump and Argentine President Javier Milei aren’t to blame for the “scam tokens” they promoted, investors claim in a legal filing. Rather, the plaintiffs claim that Meteora founder Benjamin Chow was the “center of the enterprise,” with Hayden Davis and Kelsier Ventures working under his instructions. The class action lawsuit follows the notorious Melania and Libra meme coin launches, with both coins surging upon launch before collapsing in price. A new class action lawsuit filing paints Meteora founder Benjamin Chow as the mastermind behind the notorious Libra and Melania meme coins, and asserts that the notable…