Meteora: JUP stakers will be eligible for MET token airdrops

The US SEC on Wednesday approved new listing rules for major exchanges, paving the way for a surge of crypto spot exchange-traded funds. On Wednesday, the regulator voted to let Nasdaq, Cboe BZX and NYSE Arca adopt generic listing standards for commodity-based trust shares. The decision clears the final hurdle for asset managers seeking to launch spot ETFs tied to cryptocurrencies beyond Bitcoin and Ether. In July, the SEC outlined how exchanges could bring new products to market under the framework. Asset managers and exchanges must now meet specific criteria, but will no longer need to undergo drawn-out case-by-case reviews. Solana And XRP Funds Seen to Be First In Line Under the new system, the time from filing to launch can shrink to as little as 75 days, compared with up to 240 days or more under the old rules. “This is the crypto ETP framework we’ve been waiting for,” Bloomberg research analyst James Seyffart said on X, predicting a wave of new products in the coming months. The first filings likely to benefit are those tracking Solana and XRP, both of which have sat in limbo for more than a year. SEC Chair Paul Atkins said the approval reflects a commitment to reduce barriers and foster innovation while maintaining investor protections. The move comes under the administration of President Donald Trump, which has signaled strong support for digital assets after years of hesitation during the Biden era. New Standards Replace Lengthy Reviews And Repeated Denials Until now, the commission reviewed each application separately, requiring one filing from the exchange and another from the asset manager. This dual process often dragged on for months and led to repeated denials. Even Bitcoin spot ETFs, finally approved in Jan. 2024, arrived only after years of resistance and a legal battle with Grayscale. According to Bloomberg ETF analyst Eric Balchunas, the streamlined rules could apply to any cryptocurrency with at least six months of futures trading on the Coinbase Derivatives Exchange. That means more than a dozen tokens may now qualify for listing, potentially unleashing a new wave of altcoin ETFs. SEC Clears Grayscale Large Cap Fund Tracking CoinDesk 5 Index The SEC also approved the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index, including Bitcoin, Ether, XRP, Solana and Cardano. Alongside this, it cleared the launch of options linked to the Cboe Bitcoin US ETF Index and its mini contract, broadening the set of crypto-linked derivatives on regulated US markets. Analysts say the shift shows how far US policy has moved. Where once regulators resisted digital assets, the latest changes show a growing willingness to bring them into the mainstream financial system under established safeguards

The United Kingdom’s Financial Conduct Authority (FCA) has released a statement on new cryptocurrency regulations. The intentions of these guidelines ought to be clear; they should provide a defined picture of what is considered legal and illegal for companies operating in crypto, allowing innovation while protecting consumers and upholding market integrity.  The move will be […]

The post China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling appeared on BitcoinEthereumNews.com. Cyberspace Administration of China (CAC) has instructed big companies to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules After the news, Nvidia shares dropped in premarket trading by about 1.5% Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip. The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules. The RTX Pro 6000D was tailored for China to comply with some export rules, but now the regulator says even that chip is off-limits. After the news, Nvidia shares dropped in premarket trading (around 1.5%), reflecting investors’ concerns about reduced demand in one of the biggest markets. This isn’t the first time China has done something like this. For instance, in August, the country urged firms not to use Nvidia’s H20 chip due to potential security issues and the need to comply with international export control regulations. Meanwhile, Alibaba and Baidu have begun using domestically produced AI chips more heavily, which shows that China is seriously investing in building its own chip-making capacity. Additionally, a few days ago, Chinese regulators opened an antitrust review into Nvidia’s Mellanox acquisition, suggesting the company may have broken some of the promises it made to get the 2020 deal passed. From AI to blockchain and the possible effects of China’s ban The banning of Nvidia chips represents a rather notable escalation in the technological rivalry between the United States and China. Beyond tariffs or export bans, China is now proactively telling its firms to avoid even “compliant” US chips and instead shift…