2026-01-09 Friday

Crypto News

Indulge in the Hottest Crypto News and Market Updates
Delayed Altcoin ETFs Chart Uncertainty As Backlog Rises

Delayed Altcoin ETFs Chart Uncertainty As Backlog Rises

The post Delayed Altcoin ETFs Chart Uncertainty As Backlog Rises appeared on BitcoinEthereumNews.com. The US SEC has extended the deadline to November 12, 2025, for Bitwise Dogecoin ETF and Grayscale Hedera ETF. More than 90 crypto ETF applications are awaiting approval as of August 29, 2025. Bitcoin and Ether ETFs recorded inflows on September 09, 2025. The US Securities & Exchange Commission has delayed the approval of two altcoin ETFs. These are the Bitwise Dogecoin ETF and the Grayscale Hedera ETF, setting uncertainty for crypto ETF traders and investors. The delay has now expanded the list of applications and has taken the number to more than 90. Meanwhile, Bitcoin ETFs and Ether ETFs continue to attract inflows while also marking outflows. SEC Delays Dogecoin ETF and Hedera ETF Bitwise Dogecoin ETF and Grayscale Hedera ETF applications will now be reviewed afresh on November 12, 2025. It is reported that the delay is to ensure that both applications are approved only after due consideration of the respective proposals and public comments. This has attracted a few responses from crypto enthusiasts, with some saying that this delay will not stop adoption. According to the SEC document, the revised date to review both ETF applications is within the prescribed time, which commenced on September 13, 2025. This gives the Commission 60 more days to approve or disapprove the applications. The Bitwise Dogecoin ETF application, interestingly, was first filed in March this year. List of Pending Crypto ETFs Grows The US SEC now has 92 crypto ETFs on the list, waiting for its approval as of August 29, 2025. This includes the likes of XRP, Solana, and Dogecoin ETFs, signalling a high institutional interest for crypto ETFs. However, delaying crypto ETF applications simultaneously demonstrates that the future is uncertain. This is despite the prediction by Ripple CEO about their booming future. The Commission earlier delayed applications for…
93% of Indian Crypto Investors Demand Regulation: Survey

93% of Indian Crypto Investors Demand Regulation: Survey

The post 93% of Indian Crypto Investors Demand Regulation: Survey appeared on BitcoinEthereumNews.com. Growing political force  Current legal status  According to a recent report by The Economic Time, a whopping 93% of Indian investors want to have some sort of cryptocurrency regulation. Among these investors, 56% want to make sure that regulation will ensure investor protection and stability.  Twenty-four percent of those from the pro-regulation crowd want minimal regulation in order to be able to foster innovation.  The remaining 13% want regulation only for taxation purposes. Notably, the overwhelming majority of the survey respondents (84%) believe that cryptocurrency taxes are currently unfair.  Major impediments  The current taxation regime and the lack of regulatory clarity are believed to be stifling the industry’s growth.  Notably, 90% of the poll respondents claim that they would be more willing to invest in crypto if the rules were clearer and taxation was less draconian.  Growing political force  Just like in other countries, cryptocurrencies are becoming politically relevant, with a staggering 91% of the respondents claiming that they would take into account specific crypto policies when casting their vote.  You Might Also Like The lion’s share of urban voters under 35 is more likely to support cryptocurrency-friendly candidates.  Current legal status  So far, cryptocurrencies remain in a legal grey area in India, meaning that this novel asset class remains unregulated.  In 2018, the Reserve Bank of India prohibited banks from providing cryptocurrency services, but the ban was then overturned in 2020 by the Supreme Court since it was deemed to be unconstitutional.  Source: https://u.today/93-of-indian-crypto-investors-demand-regulation-survey
Kyrgyzstan parliament approves crypto mining bill

Kyrgyzstan parliament approves crypto mining bill

The post Kyrgyzstan parliament approves crypto mining bill appeared on BitcoinEthereumNews.com. Kyrgyzstan’s parliament approved the legislation on digital assets on Wednesday. The bill aims to expand virtual asset regulation, introduce state cryptocurrency mining tools, and create a licensing system. The legislation was approved in three readings at once, and new legal definitions on stablecoins and real-world asset tokens (RWA tokens) were introduced. The bill also allows the state to establish its cryptocurrency reserve to strengthen the nation’s financial stability. Kyrgyzstan plans to establish a state crypto reserve Kyrgyzstan will also be able to launch government mining operations using state infrastructure and resources under the new legislation. Miner registration and requirements for digital asset mining equipment will also be regulated. According to local reports, the bill aims to expand the President’s powers to set rules for the regulation, issuance, and circulation of virtual currencies. The ruling also introduces regulatory sandboxes that will test innovative services and technologies within its limited territories. The document revealed that one of the state’s authorized entities will regulate and issue licenses to cryptocurrency service providers. Another authority will be in charge of compliance measures such as combating money laundering and terrorist financing. Kyrgyzstan’s new ruling comes as its Minister of Economy and Trade, Bakyt Sydykov, revealed Tuesday that the country’s turnover of cryptocurrency exchanges and exchanges reached 1 trillion soms in the first seven months of the year. He also revealed at a meeting of the Committee on Budget that approximately 1 billion soms in taxes were received from the sector during the same period. The minister also highlighted that the country’s crypto sector continues to grow and expand every year. Sydykov noted that Kyrgyzstan currently has around 169 crypto exchange operators, including 13 digital asset exchanges and 11 registered companies involved in industrial crypto mining. Committee members agreed after the meeting to approve the legislation on…
India Delays Crypto Framework Over Risks

India Delays Crypto Framework Over Risks

The post India Delays Crypto Framework Over Risks appeared on BitcoinEthereumNews.com. Key Notes A government document reads that crypto regulation could make the sector harder to control. Peer-to-peer transactions and decentralized trades remain hard to regulate despite punitive measures. Unlike India, neighbouring countries are adopting crypto-friendly policies. India has no plans to regulate the crypto sector for now, citing concerns that it could expose the country’s financial system to risks. A recent report by Reuters, based on a government document, reveals that officials are concerned that legitimizing crypto may make it systemic and harder to manage. The report explains that containing crypto-related risks through regulation would be challenging. While a complete ban could tackle speculative activities, it wouldn’t prevent peer-to-peer transfers or decentralized trading. As a result, the government prefers partial oversight, keeping crypto’s use limited within existing tax and anti-money laundering frameworks. Indians currently hold $4.5 billion in crypto and constantly look for the next crypto to explode. According to officials, this figure is neither significant nor a systemic risk to financial stability. India’s Cautious Stance Despite rising global crypto adoption, the Indian government remains cautious. Previous efforts, such as the 2021 draft bill to ban private cryptocurrencies, were shelved, and discussions around crypto regulation were postponed last year. Earlier this year, the Reserve Bank of India (RBI) fined P2P platforms like Faircent, Finzy, Visionary Financepeer, and Rang De for violating lending guidelines, totaling over ₹75 lakh. Currently, global crypto exchanges can register in India after compliance checks but remain excluded from mainstream financial channels. As per the document, the government finds the current limited regulations, backed by taxes and fraud penalties, sufficient to deter speculative risks. Neighbours Move Toward Crypto Adoption Unlike India, several Asian governments are actively supporting crypto adoption and aiming clear regulations for the sector. Singapore remains a strong player in the region, with its Payment…
GameStop Earns $28 Million Unrealized Gain From Bitcoin

GameStop Earns $28 Million Unrealized Gain From Bitcoin

Key HighlightsGameStop posts $168.6M net profit, up from $14.8M a year ago.Bitcoin holdings provide $28.6M unrealized gains for the retailer.Revenue jumps to $972.2M as collectibles boost sales performance.GameStop Reports Strong Q2 2025 Financial ResultsAmerican video game retailer GameStop has released its financial results for the second quarter of 2025, ending August 2, showing a significant improvement in performance. The company reported net sales of $972.2 million, up from $798.3 million in the same period last year, reflecting strong consumer demand and growth in key segments.Cryptocurrency Holdings Drive GainsFor the first time, GameStop disclosed its cryptocurrency holdings, revealing that it purchased 4,710 BTC worth $500 million in May. By the end of the quarter, these holdings were valued at $528.6 million, resulting in an unrealized gain of $28.6 million. The company uses Coinbase quotes to estimate Bitcoin’s fair value.This move makes GameStop one of the largest public companies to integrate Bitcoin into its strategy. According to Bitcoin Treasuries, GameStop ranks 20th among public Bitcoin holders, with the asset’s price growth of nearly 18% since May contributing positively to the retailer’s balance sheet.Profitability and Segment HighlightsOperating profit for Q2 reached $66.4 million, compared to a $22 million loss in the same quarter last year. Net profit surged to $168.6 million, a massive increase from $14.8 million a year ago. Operating expenses were reduced to $218.8 million, down from $270.8 million, highlighting the company’s efficiency improvements.The collectibles segment, including trading cards and pop culture merchandise, remained a bright spot, accounting for nearly a third of total sales.Earlier this year, GameStop issued convertible bonds with a 0% rate until 2032 to fund digital investments and restructuring. Despite an initial drop in shares, the company later raised its revenue forecast to $2.2 billion, signaling strong investor confidence.With growing crypto integration, efficient operations, and strong sales, GameStop demonstrates a bold strategy to thrive in a competitive retail landscape.
Share
Author: Coinstats2025/09/10 21:29