Adam Forsyth

SEC halts Grayscale’s bid to covert BTC, ETH, XRP, SOL large-cap fund into a spot ETF despite approval order

Key Takeaways The Division of Trading and Markets, acting under delegated authority, approved the rule change for listing GDLC, but the Commission intervened and reviewed the approval. The approval is now stayed pending a final decision by the full Commission. Share this article Grayscale’s effort to convert its Digital Large Cap Fund (GDLC) into a…

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$350M Outflows End 15-Day Run

On July 1, U.S. spot Bitcoin ETFs experienced a significant net outflow of approximately $342 million, marking a sharp reversal in investor sentiment. This shift is marked by the first outflow since June 6, and interrupted a period of sustained demand that had pushed cumulative net inflows to about $49 billion and total ETF assets…

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Elon Musk says OpenAI equity is fake, silent on Robinhood’s SpaceX stock token

Key Takeaways After OpenAI said the “OpenAI tokens” don’t represent real equity, Elon Musk replied by calling OpenAI’s actual equity fake. Musk has repeatedly and publicly criticized OpenAI’s profit model and transparency. Share this article OpenAI’s key early backer Elon Musk reacted to the company’s recent warning that “OpenAI tokens,” apparently linked to Robinhood’s stock…

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OpenAI denies involvement in Robinhood’s tokenized equity launch on Arbitrum

Key Takeaways OpenAI denied any involvement or endorsement of Robinhood’s tokenized equity launch on Arbitrum. Robinhood introduced over 200 tokenized equities on Arbitrum, including OpenAI, Microsoft, and Nvidia, targeting European clients. Share this article OpenAI has denied any connection to Robinhood’s tokenized equity launch on Arbitrum, stating it did not authorize or endorse the creation…

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