OSFI updates capital rules for banks’ crypto holdings
Canada’s financial regulator, OSFI, has finalized new cryptoasset exposure guidelines for banks, outlining capital and liquidity requirements. The updated crypto disclosure rules will take effect in Q1 2026, replacing the 2022 framework. These changes aim to enhance transparency and risk management for federally regulated financial institutions holding digital assets. Additionally, OSFI has opened a 60-day consultation on capital adequacy rules, reflecting ongoing efforts to align with Basel III standards while addressing competitive concerns in the Canadian banking sector.
Feb 6, 2025 | Finance
Nasdaq files to list Grayscale Polkadot ETF
Nasdaq has filed to list a Grayscale Polkadot ETF, adding to the growing number of altcoin ETF applications awaiting SEC approval. Grayscale, which already offers spot Bitcoin and Ether ETFs, is also pursuing ETFs for Solana, Litecoin, XRP, Dogecoin, and Cardano. The SEC’s stance on crypto ETFs has softened under the Trump administration, with analysts estimating a 90% approval chance for a Litecoin ETF and 70% for Solana.
Feb 6, 2025 | Finance
OSFI updates capital rules for banks’ crypto holdings
Canada’s financial regulator, OSFI, has finalized new cryptoasset exposure guidelines for banks, outlining capital and liquidity requirements. The updated crypto disclosure rules will take effect in Q1 2026, replacing the 2022 framework. These changes aim to enhance transparency and risk management for federally regulated financial institutions holding digital assets. Additionally, OSFI has opened a 60-day consultation on capital adequacy rules, reflecting ongoing efforts to align with Basel III standards while addressing competitive concerns in the Canadian banking sector.
Feb 6, 2025 | Finance
Nasdaq files to list Grayscale Polkadot ETF
Nasdaq has filed to list a Grayscale Polkadot ETF, adding to the growing number of altcoin ETF applications awaiting SEC approval. Grayscale, which already offers spot Bitcoin and Ether ETFs, is also pursuing ETFs for Solana, Litecoin, XRP, Dogecoin, and Cardano. The SEC’s stance on crypto ETFs has softened under the Trump administration, with analysts estimating a 90% approval chance for a Litecoin ETF and 70% for Solana.
Feb 6, 2025 | Finance
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Nasdaq files to list Grayscale Polkadot ETF
Nasdaq has filed to list a Grayscale Polkadot ETF, adding to the growing number of altcoin ETF applications awaiting SEC approval. Grayscale, which already offers spot Bitcoin and Ether ETFs, is also pursuing ETFs for Solana, Litecoin, XRP, Dogecoin, and Cardano. The SEC’s stance on crypto ETFs has softened under the Trump administration, with analysts estimating a 90% approval chance for a Litecoin ETF and 70% for Solana.
Feb 6, 2025
Citadel Securities plots jump into crypto trading
Citadel Securities is preparing to enter the crypto market-making space, anticipating a surge in institutional adoption following President Trump’s pro-crypto policies. The firm aims to provide liquidity on major exchanges like Coinbase, Binance, and Crypto.com, though initial operations will be based outside the U.S. due to regulatory uncertainty. Citadel has previously avoided retail-facing crypto platforms but co-founded EDX Markets, an institutional-only crypto exchange, with Schwab and Fidelity in 2023.
Feb 6, 2025
Hackers steal $1.5 billion from crypto exchange Bybit in ‘biggest digital heist ever’
Bybit, the world’s second-largest crypto exchange by trading volume, has suffered a $1.5 billion hack, marking the largest digital asset theft in history. The attack targeted an Ethereum wallet during a routine transfer. Bybit CEO Ben Zhou assured users that all assets remain fully backed and pledged to refund affected customers, even if the stolen funds are not recovered. The exchange is offering a 10% bounty to cybersecurity experts for assistance in recovering the assets. While the hacker’s identity remains unknown, speculation points to state-backed groups like North Korea’s Lazarus Group, known for past large-scale crypto heists.
Feb 6, 2025
Nasdaq files to list Grayscale Polkadot ETF
Nasdaq has filed to list a Grayscale Polkadot ETF, adding to the growing number of altcoin ETF applications awaiting SEC approval. Grayscale, which already offers spot Bitcoin and Ether ETFs, is also pursuing ETFs for Solana, Litecoin, XRP, Dogecoin, and Cardano. The SEC’s stance on crypto ETFs has softened under the Trump administration, with analysts estimating a 90% approval chance for a Litecoin ETF and 70% for Solana.
Feb 6, 2025
Citadel Securities plots jump into crypto trading
Citadel Securities is preparing to enter the crypto market-making space, anticipating a surge in institutional adoption following President Trump’s pro-crypto policies. The firm aims to provide liquidity on major exchanges like Coinbase, Binance, and Crypto.com, though initial operations will be based outside the U.S. due to regulatory uncertainty. Citadel has previously avoided retail-facing crypto platforms but co-founded EDX Markets, an institutional-only crypto exchange, with Schwab and Fidelity in 2023.
Feb 6, 2025
Hackers steal $1.5 billion from crypto exchange Bybit in ‘biggest digital heist ever’
Bybit, the world’s second-largest crypto exchange by trading volume, has suffered a $1.5 billion hack, marking the largest digital asset theft in history. The attack targeted an Ethereum wallet during a routine transfer. Bybit CEO Ben Zhou assured users that all assets remain fully backed and pledged to refund affected customers, even if the stolen funds are not recovered. The exchange is offering a 10% bounty to cybersecurity experts for assistance in recovering the assets. While the hacker’s identity remains unknown, speculation points to state-backed groups like North Korea’s Lazarus Group, known for past large-scale crypto heists.
Feb 6, 2025