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Bitwise Plans to Close Dogecoin ETF Before First Anniversary
Bitwise’s BWOW Dogecoin ETF is scheduled to stop trading on October 14, before its first anniversary. Cash payments to remaining shareholders are expected on October 22, according to Decrypt.
Bitwise plans to close Dogecoin ETF less than a year after launch
Bitwise plans to wind down its BWOW Dogecoin ETF less than a year after launch. The fund held about $688,000 in net assets on Sept. 9, with trading expected to end Oct. 14 and cash payouts around Oct. 22.
Dogecoin Leads Crypto Declines as Bitcoin Holds Near $78,000
Dogecoin fell 5% to lead losses among major cryptocurrencies, while BNB declined about 4% and XRP lost 3%. Bitcoin held the $78,000 level as higher oil prices pushed Treasury yields to their highest since late 2023.
Dogecoin leads major crypto losses as bitcoin holds $78,000
Dogecoin fell 5% to lead losses among major cryptocurrencies, while BNB dropped about 4% and XRP 3%. Bitcoin held the $78,000 level as oil prices pushed Treasury yields to their highest since late 2023.
UK watchdog reportedly considers lifting ban on prediction markets
The UK’s FCA is reportedly weighing whether to lift its ban on prediction markets and binary options for retail investors. Companies have been prohibited from selling, marketing or distributing the products in the UK since 2019.
Norway Considers Rules for “Pervert Glasses” and Facial Recognition
Norway’s consumer watchdog has urged retailers to stop selling so-called “pervert glasses” while authorities consider regulation and a possible ban on facial recognition. No final legal decision or timetable was reported.
Singapore proposes full reserves and no-yield rules for stablecoin issuers
Singapore’s financial watchdog has proposed requiring stablecoin issuers to hold 100% reserves and banning yield payments. The framework is described as aligned with U.S. and EU rules and could enable recognition of foreign stablecoins.
Bitcoin Holds Above $78,000 as HYPE Gains While Major Tokens Retreat
Bitcoin held above $78,000 and stayed flat on the week after August’s 24% gain. Ether, Solana, Tron and Dogecoin fell over 24 hours, while Hyperliquid’s HYPE token rose about 4% amid hawkish Fed expectations.