Following yesterday's surge in UNI prices due to the proposed buyback and burn of UNI tokens based on transaction fees, at least 14.18 million UNI tokens entered exchanges within a single day.

The post The SEC Finally Approves Investment Giant Grayscale’s Multi-Crypto Fund! What Altcoins Does the Fund Contain? Here Are the Details appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s application for a multi-cryptoasset exchange-traded product (ETP) as part of its efforts to expedite the approval process for crypto funds. SEC Approves Grayscale’s Multi-Crypto Fund Including XRP, Solana, and Cardano Grayscale CEO Peter Mintzberg announced the approval of the Grayscale Digital Large Cap Fund (GDLC) on Wednesday via social media platform X. Mintzberg stated that GDLC will be the first multi-cryptoasset ETP to be traded on the market. The fund offers investment opportunities in Bitcoin, Ethereum, XRP, Solana, and Cardano. According to Grayscale’s official website, the fund has a net asset value of $57.7 per share and over $915 million in total assets under management. The SEC previously postponed the filing in July and began reviewing its conversion to trade on NYSE Arca. On the same day, the SEC also approved “expedited” public listing standards for crypto ETF issuers. SEC Chairman Paul Atkins stated that this step would provide investors with more options and lower barriers to accessing digital asset products. According to experts, this decision could lead to the launch of more than 100 new crypto ETFs in the next 12 months. Bloomberg ETF Analyst Eric Balchunas emphasized that this could be a critical turning point for the crypto market, noting that previous similar regulations have tripled ETF launches. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/the-sec-finally-approves-investment-giant-grayscales-multi-crypto-fund-what-altcoins-does-the-fund-contain-here-are-the-details/

PANews reported on November 12th, citing CoinDesk, that the Central Bank of Brazil's latest cryptocurrency regulations clarify the operating methods, required capital amounts, and legal handling of international cryptocurrency transactions for crypto companies. Some of the central bank's regulations, including capital requirements and time limits, have been criticized by the cryptocurrency industry. The Central Bank of Brazil stated that companies in the industry must hold at least 10.8 million reais (US$2 million) in capital. Depending on the type of business, some companies must hold at least 37.2 million reais. This figure is significantly higher than the 1 million to 3 million reais proposed during the public consultation phase. Companies that fail to meet compliance deadlines (including demonstrating capital levels, cybersecurity controls, customer due diligence practices, and risk assessments) will be prohibited from operating. Foreign companies operating in Brazil must establish a local entity and transfer their business under that structure. Previous reports indicated that Brazil would expand its financial sector regulation to include cryptocurrency service providers .