SEC silent on Canary Litecoin ETF amid gov shutdown

The United States Securities and Exchange Commission (SEC) has approved new rules for listing Commodity-Based Trust Shares, which now cover digital assets, including cryptocurrencies. The decision will now make it easier and faster for exchange-traded funds (ETFs) to get approved, allowing for more assets beyond just Bitcoin and Ethereum, while still protecting investors.  This recently announced action, under the leadership of Chairman Paul Atkins, represents a shift from previous approaches, making the market more transparent and more attractive to investors. SEC’s Landmark Rule Change The SEC’s new rules apply to major stock exchanges like Nasdaq, NYSE Arca, and Cboe BZX. These rules enable the listing and trading of exchange-traded funds (ETFs) and other similar products that hold real commodities, including digital assets, without requiring separate approval for each one. Qualifying security products can now be approved more quickly under Rule 19b-4(e). If specific requirements are met, the approval process can be completed in as little as 75 days. This method involves rigorous market monitoring, strict custody rules, and enhanced disclosures. To qualify for the faster process, a digital asset must be traded on a regulated market and should have at least six months of trading history on a designated futures market. Alternatively, it can be part of an existing ETF with at least 40% of its net asset value (NAV) in that asset. Impact on Digital Assets Market The change is essential because it shows that the SEC is being less cautious about crypto ETFs. In the past, the SEC took a long time to review these products because it was worried about market manipulation and wanted to protect investors. Now, new general standards will allow more crypto products to be approved without needing individual reviews for each one. The U.S. is moving closer to the European Union’s MiCA framework and Hong Kong’s crypto licensing rules. The shift will help to strengthen the U.S.’s role in regulating digital assets. Under Chairman Paul Atkins, the government has made it easier for investors in the crypto space by lowering regulatory hurdles. For example, earlier this month, in July, the SEC provided clear rules about what must be disclosed for crypto exchange-traded products. This guidance clarifies how federal securities laws apply, encouraging innovation while remaining compliant.  These actions, under Atkins’ leadership, represent a shift from previous approaches, making the market more transparent and more attractive for investors. The post SEC Approves Generic ETF Standards for Digital Assets Market appeared first on Cointab.

The post Ethereum Millionaires’ Focus Turns Towards Ozak AI Presale appeared on BitcoinEthereumNews.com. Crypto wealth has long been tied to Ethereum (ETH), the second-largest cryptocurrency via market cap and the inspiration of decentralized finance and smart contracts. Many early Ethereum traders became millionaires by means of buying in at only some bucks in keeping with the token and persevering through a couple of bull runs.  Now, as ETH trades around $4,500 and analysts venture a pass toward $10K in the next cycle, Ethereum millionaires are diversifying into new possibilities with higher upside ability. One mission catching their attention is Ozak AI (OZ)—a presale token priced at simply $0.01, which has already raised over $3.2 million and offered more than 900 million tokens. With forecasts of 100× returns, Ozak AI is fast becoming the next important recognition for high-net-worth crypto traders. Why Ethereum Millionaires Are Looking Beyond ETH Ethereum remains a cornerstone of the digital asset space, with unmatched adoption across DeFi, NFTs, and Web3 applications. However, its sheer size and established market cap limit its short-term explosive growth potential. From its current levels, Ethereum may deliver 2× to 3× gains by reaching $10K, but for those already holding millions in ETH, the real appeal lies in finding early-stage projects that can multiply their wealth even further. That’s where presales like Ozak AI come in—offering ground-floor opportunities at a fraction of the cost of established tokens, with the possibility of exponential returns. Ozak AI Presale Surpasses $3.2M Ozak AI’s presale momentum has been extraordinary, with the project raising more than $3.2 million and selling over 900 million tokens in Stage 6. At OZ presale price of $0.01, investors can secure large allocations before the token lists on exchanges, where valuations are expected to rise significantly. The project is designed to merge artificial intelligence with blockchain technology, creating smarter and more adaptive decentralized applications. This…

TLDR DBS Digital Exchange, Franklin Templeton, and Ripple signed a memorandum of understanding to launch tokenized trading and lending services on the XRP Ledger DBS will list Franklin Templeton’s sgBENJI token alongside Ripple’s RLUSD stablecoin, allowing real-time swaps for institutional investors The partnership enables portfolio rebalancing and yield generation during volatile market conditions through tokenized [...] The post DBS Partners With Franklin Templeton and Ripple for Tokenized Lending Platform appeared first on CoinCentral.