ProBit Global Highlights:
Get ready for an AWESOME week at ProBit Global!
Current and Upcoming Events:
- Current: SHIBAcoin (SHIBACOIN) Airdrop
- Upcoming: SHIBAcoin (SHIBACOIN) Staking Event (Stay tuned for more information!)
New listings:
Join us as we enter another week of exciting events and awesome listings!
Grayscale Files for First-Ever Cardano (ADA) ETF on NYSE
Crypto investment giant Grayscale has filed to launch a Cardano (ADA) exchange-traded fund (ETF) on the New York Stock Exchange (NYSE). This marks the firm’s first standalone ADA investment product, highlighting growing institutional interest in the Cardano blockchain.
Following a shift in the SEC’s stance on crypto, Grayscale has been actively expanding its ETF offerings, recently filing for Solana (SOL) and XRP ETFs. Unlike those, which convert existing trust products, the ADA ETF would be entirely new.
With ADA’s market cap at $25 billion, investor demand remains strong. The news pushed ADA up 1.5% to $0.71, signaling market excitement.
Major U.S. Regulators Signal a Shift in Crypto Policy
The crypto industry may see fewer banking restrictions as two key U.S. regulatory agencies—the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB)—adjust their approach to digital assets.
A new leader at the OCC, Rodney Hood, has previously supported integrating crypto into financial services, potentially easing restrictions that have limited banks from engaging with digital assets. Meanwhile, changes at the CFPB could reduce regulatory pressure on crypto firms and exchanges.
With regulators re-evaluating their stance, banks and financial institutions may find it easier to offer crypto-related services, fostering greater industry growth.
Swedish Giant Klarna Sets Sights on Crypto Integration
Swedish fintech giant Klarna, known for its buy-now-pay-later services, is exploring ways to embrace cryptocurrency, according to CEO Sebastian Siemiatkowski. As the company prepares for a potential U.S. IPO, Siemiatkowski has invited industry input on how Klarna can integrate digital assets into its platform.
With competitors like PayPal and Revolut already offering crypto services, Klarna aims to catch up. Industry leaders have suggested using stablecoins and crypto-based payment solutions to enhance its offerings. Siemiatkowski’s stance on crypto has shifted, signaling growing interest in blockchain technology and its role in the future of payments.
Quantum Computing Could Unlock Lost Bitcoin, Says Tether CEO
Tether CEO Paolo Ardoino predicts that advances in quantum computing could one day hack lost Bitcoin wallets, potentially putting those funds back into circulation. However, he reassures that this is still a distant concern.
Ardoino explains that while active Bitcoin wallets will likely upgrade to quantum-resistant security, lost wallets—including those believed to hold Satoshi Nakamoto’s Bitcoin—could be vulnerable. Some crypto experts warn that recovering these coins could disrupt the Bitcoin market.
Though quantum technology isn’t an immediate threat, Ardoino and others advise Bitcoin holders to stay prepared for future advancements.
ERC-7265: A Safety Net for DeFi Security
DeFi has revolutionized crypto but remains vulnerable to hacks and exploits, with billions lost to attacks. The ERC-7265 token standard introduces a “circuit breaker” to halt token transfers during security breaches, helping prevent massive losses.
This mechanism acts as a safety switch, stopping funds from being drained when suspicious activity is detected. Developers can customize how it operates, delaying transactions or reversing unauthorized outflows. While adoption depends on Ethereum’s community, ERC-7265 could strengthen DeFi security, boost investor confidence, and reduce risks—making decentralized finance safer and more resilient for the future.
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