Author: AltCoinDrops.com

TLDR: SEC filing confirms CoinShares withdrew its planned Staked Solana ETF before any shares were issued. The canceled registration covered a transaction that never occurred, according to the submitted request. The abandoned filing ends months of preparation for a regulated staking product tied to Solana. Market participants now look to future proposals as this ETF leaves no remaining launch timeline. Solana’s push into the ETF market hit a wall this week after CoinShares pulled its planned Staked SOL product.  The withdrawal appeared in a new US filing, confirming the fund will not move forward. The document stated that the registration…

TLDR: SBI Digital Markets integrates Chainlink’s CCIP for secure cross-chain tokenization. The collaboration supports compliant trading and settlement of tokenized assets. Chainlink’s private transactions protect sensitive institutional trade data. The partnership expands on earlier blockchain success under Project Guardian. SBI Digital Markets has partnered with Chainlink to enhance interoperability in tokenized finance. The collaboration introduces Chainlink’s CCIP to SBI’s digital asset platform, enabling secure asset transfers across multiple blockchains.  The move aims to bridge traditional finance and decentralized networks under a compliant, scalable framework. It positions SBI Digital Markets as a key driver in the evolution of institutional-grade tokenization. SBI…

The launch of spot exchange-traded funds (ETFs) tracking Dogecoin in the United States was met with muted enthusiasm. Inflows into Grayscale and Bitwise’s ETFs were limited in their first week of trading, despite the hype around the first-ever Dogecoin ETFs. But even as ETF inflows sputter, some technical analysts argue that DOGE might still undergo a strong price rally, possibly all the way to $1, if important support levels hold. Related Reading Spot DOGE ETFs Off To A Slow Start When Grayscale rolled out its Spot DOGE fund (GDOG) on November 24, inflow volume clocked in at just about $1.8…

Ripple Labs has secured an expanded license from Singapore’s central bank, adding to its already strong regulatory foothold in the country. Summary Ripple received approval from the Monetary Authority of Singapore to expand the scope of its Major Payment Institution license. According to Ripple execs, the expanded license will allow it to better support institutions. According to a Dec. 1 announcement, Ripple Markets APAC, which serves as the blockchain payment firm’s Singapore subsidiary, has been greenlighted by the Monetary Authority of Singapore to expand the scope of payment services it can offer under its Major Payment Institution license. “Ripple has…

HashKey has emerged as Hong Kong’s largest licensed crypto exchange, but its IPO filing reveals a company paying heavily for that position.According to filings published Monday with Hong Kong’s exchange, HashKey processed HK$638.4 billion (about $82 billion) in trading volume in 2024, around double the previous year as its Hong Kong platform scaled up with both institutional and retail users.The company’s fee take still hovered under 0.1 percent, reflecting a pricing strategy that prioritized market share over revenue. While HashKey commands around 75% of the Hong Kong market, its race-to-the-bottom fee approach contributed to a net loss of more than…

TLDR: DAC8 requires EU crypto exchanges to report all transactions to tax authorities starting in 2026. User data includes full name, address, TIN, and date/place of birth for individuals. Reportable crypto transactions cover fiat trades, swaps, transfers, and intermediary-facilitated payments. Both domestic and cross-border activity will be automatically shared across EU member states. The European Union has finalized DAC8, a new rule requiring crypto exchanges and wallets to report user activity. The regulation targets both domestic and cross-border transactions, aiming to curb tax evasion.  Reportable activities include trading, transfers, and payments using crypto-assets. DAC8 will come into effect in 2026,…

TLDR: Ethereum price is coiling tightly, with RSI breakout signaling possible near-term movement. RSI movements often lead Ethereum price, pointing to a potential $3,400 test. FUSAKA upgrade scheduled for Dec 3, 2025, may influence market trends. Historical Pectra upgrade showed 55% gain in 35 days and 168% in 109 days. Ethereum is showing early technical signals ahead of the FUSAKA upgrade.  The cryptocurrency is trading in a tight range, indicating low volatility. The Relative Strength Index (RSI) has already broken out. Price action is currently lagging behind momentum indicators. The RSI breakout suggests potential movement in the near term. Analysts…

TLDR: Arthur Hayes warned Monad could crash 99% citing high FDV and limited differentiation factors Keone Hon countered with 170-validator architecture rejecting centralized sequencer models MonadBFT consensus eliminates tail forking vulnerabilities that plague pipelined systems Token sale used bottom-fill method to prevent whale concentration during allocation phase Monad CEO Keone Hon issued a direct response to BitMEX co-founder Arthur Hayes following days of critical commentary about the network.  Hayes warned that Monad could experience a 99 percent price decline. The BitMEX founder criticized the project’s high fully diluted valuation and low-float token structure. Hon’s response came during the network’s sixth…

SCORCH is developing a community-driven deflationary platform designed to manage the challenge of cryptocurrency oversupply and balance the economic theoretical scales of token supply and demand. SCORCH is the platform’s native decentralized cryptocurrency, set to launch on Shibarium Layer-2, and is designed to provide a structured approach to token supply reduction. Tokens such as SHIB have demonstrated diluted value from oversupply, and SCORCH draws direct inspiration from SHIB’s contentions to dent its trillions in token supply. The origins of the SCORCH platform tie directly to improving burn mechanics and deliberate participation-centered systems, opposed to automated token burns. Leveraging the speed…

TLDR: UNDP plans blockchain training and advisory programs to drive responsible global adoption. The Blockchain Advisory Group will connect policymakers, innovators, and technical experts. InfStones joined the dialogue to support secure, scalable blockchain infrastructure. The initiative promotes blockchain as a tool for transparency and sustainable growth. The United Nations Development Programme (UNDP) is preparing to roll out global blockchain training and advisory programs. The move follows its High-Level Strategic Dialogue on Blockchain for Development during the 80th United Nations General Assembly in New York.  Moreover, the session brought together public institutions, innovators, and blockchain firms to design a shared roadmap…