DEX

DEXs are peer-to-peer marketplaces where users trade cryptocurrencies directly from their wallets via Automated Market Makers (AMM) or on-chain order books. By removing central authorities, DEXs like Uniswap and Raydium prioritize privacy and user sovereignty. The 2026 DEX landscape is dominated by intent-based trading, MEV protection, and cross-chain liquidity aggregation. Follow this tag for the latest in on-chain trading volume, liquidity pools, and the technology behind permissionless swaps.

34025 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
SEC Approves Bitwise ETF, Then Immediately Reverses Decision Hours Later

SEC Approves Bitwise ETF, Then Immediately Reverses Decision Hours Later

The Securities and Exchange Commission (SEC) granted accelerated approval for Bitwise’s 10 Crypto Index ETF on July 22, only to reverse the decision hours later through a stay order. The approved ETF would have tracked ten digital assets, including Bitcoin , Ethereum , XRP , Solana , Cardano , SUI , Avalanche , Litecoin , Polkadot , and others, with at least 85% of its allocation dedicated to previously approved components, such as Bitcoin and Ethereum. 🚨BREAKING: SEC approves conversion of Bitwise 10 Crypto Index Fund into an ETF which includes $BTC , $ETH , $XRP , $SOL , $ADA , $SUI , $AVAX , $LTC , $DOT . pic.twitter.com/FgQrIVH3dY — SolanaFloor (@SolanaFloor) July 22, 2025 A Pause or a No? NYSE Arca received permission to amend its rules for listing the multi-asset fund before the Commission intervened. Assistant Secretary Sherry Haywood issued a stay notice under Rule 431, stating that the Commission would review the delegated action taken by the Division of Trading and Markets. Just hours after the initial approval, SEC Assistant Secretary Sherry R. Haywood invoked Rule 431 to stay the order, sending the decision to the full Commission for further review and freezing the conversion process pic.twitter.com/aPjZlHEvdV — Martyn Lucas Investor (@MartynInvestor) July 23, 2025 The reversal occurred despite the SEC finding the proposal consistent with Exchange Act requirements for preventing fraudulent practices and protecting investors. The dramatic policy flip comes as 72 crypto-related ETF applications await regulatory approval from providers including Grayscale, CoinShares, Franklin Templeton, and VanEck. Bloomberg Intelligence assigns 95% approval odds for Solana, XRP, and Litecoin ETFs this year, while existing Bitcoin and Ethereum ETFs continue attracting billions in institutional inflows. Ethereum ETFs recorded $533.87 million in net inflows on July 22 , marking the third-largest single-day inflow since inception, while Bitcoin ETFs experienced $67.93 million in outflows. Regulatory Confusion Emerges as Multi-Asset Approval Process Stalls The Bitwise 10 Crypto Index ETF approval represented a major expansion beyond existing Bitcoin and Ethereum products, with holdings weighted by market capitalization and monthly rebalancing. As of June 30, Bitcoin comprised 78.72% and Ethereum 11.10% of the proposed fund, with the remaining eight cryptocurrencies making up the rest. The SEC’s accelerated approval process typically applies to non-controversial rule changes that align with existing regulations. The Commission found Bitwise’s 85% allocation requirement for previously approved components to be sufficient to mitigate fraud and manipulation risks, consistent with prior 80% thresholds for similar products. NYSE Arca’s rule amendments would have allowed Trust Units issued by limited liability companies and explicitly permitted index-based investments. The changes included conforming corporate governance policies and eliminating shareholder meeting requirements, aligning with existing treatment of investment vehicles. The Division of Trading and Markets took the initial approval action under delegated authority before senior Commission officials intervened with the stay order. The reversal suggests disagreement within the SEC about multi-asset crypto product approvals despite technical rule compliance. Coinbase Custody Trust Company would have served as a digital asset custodian, while Bank of New York Mellon provided cash custody and administration services. The ETF structure included cash-based creation and redemption in 10,000-share units, with daily net asset value calculations using CF Benchmarks pricing data. Institutional Demand Surges Despite Regulatory Uncertainty Existing crypto ETFs continue to experience massive institutional adoption despite regulatory confusion. Ethereum ETFs have attracted $8.32 billion in cumulative inflows since their inception, with BlackRock’s ETHA leading Tuesday’s surge with $426.22 million. The fund now manages over $10 billion in assets, representing 2.24% of Ethereum’s circulating supply. Bitcoin ETFs hold a total of $154.77 billion in assets , despite recent outflows, accounting for approximately 6.5% of Bitcoin’s market capitalization. Grayscale’s GBTC recorded $7.51 million in inflows, while Ark Invest’s ARKB and Bitwise’s BITB experienced outflows exceeding $30 million each. The pending ETF pipeline includes applications for Dogecoin, MELANIA, TRUMP, and other meme tokens alongside serious institutional products. Most recently, 21Shares filed for an ONDO token ETF that tracks the native token of Ondo Finance, a layer-1 blockchain designed for institutional finance and the tokenization of real-world assets. Grayscale’s Digital Large Cap Fund conversion to ETF status faced similar approval-then-uncertainty patterns, with speculation mounting about potential stays. BREAKING: 🇺🇸 SEC Acknowledges Amendment To Convert Grayscale's Digital Large Cap Fund Into ETF Including $BTC , $ETH , $XRP , $SOL & $ADA !💥📈 pic.twitter.com/27hLnsLe9W — Good Morning Crypto (@AbsGMCrypto) June 30, 2025 The fund holds Bitcoin, Ethereum, Solana, XRP, and Cardano, with allocations of 79.9% to Bitcoin and 11.3% to Ethereum. SEC Chairman Paul Atkins has established a crypto task force to develop clear rules following years of “regulation by enforcement” under Gary Gensler. March decisions on multiple altcoin ETFs were delayed until October , with the Commission citing a need for “longer periods” to consider proposed rule changes despite relatively high approval odds from analysts.

Author: CryptoNews
Block was officially included in the S&P 500 index today, holding 8,584 bitcoins

Block was officially included in the S&P 500 index today, holding 8,584 bitcoins

PANews reported on July 23 that according to CNBC, payment giant Block Inc. will officially join the S&P 500 index today. Block currently holds 8,584 bitcoins in its balance sheet

Author: PANews
Pump Fun prints $10.2m in weekly fees but early unlocks haunt PUMP token

Pump Fun prints $10.2m in weekly fees but early unlocks haunt PUMP token

Pump.fun continues to rake in respectable fees, but its token struggles with insider selling.

Author: Crypto.news
Coinbase, Strategy named as South Korea warns against crypto-heavy ETF portfolios

Coinbase, Strategy named as South Korea warns against crypto-heavy ETF portfolios

South Korea’s Financial Supervisory Service has verbally instructed local asset managers to limit exposure to crypto-linked stocks such as Coinbase and Strategy in ETFs, citing a 2017 policy that bars institutional investment in virtual assets. According to the Korean Herald,…

Author: Crypto.news
The trillion-dollar asset management giant Charles Schwab has made a bold statement that it will "definitely compete with Coinbase" and is also planning stablecoins and tokenization

The trillion-dollar asset management giant Charles Schwab has made a bold statement that it will "definitely compete with Coinbase" and is also planning stablecoins and tokenization

Author: Weilin, PANews As one of the leading financial services companies in the United States, Charles Schwab is accelerating its expansion into the cryptocurrency field. According to the latest statement

Author: PANews
Bitwise 10 Crypto Index Fund conversion stayed by SEC hours after approval

Bitwise 10 Crypto Index Fund conversion stayed by SEC hours after approval

Shortly after approving the Bitwise 10 Crypto Index Fund conversion, the U.S. Securities and Exchange Commission paused the decision for a full Commission review. So, why is the SEC halting approvals? On July 22, the SEC’s Division of Trading and…

Author: Crypto.news
South Korea Restricts Firms From Including Coinbase, Strategy in ETF Portfolios

South Korea Restricts Firms From Including Coinbase, Strategy in ETF Portfolios

The Financial Supervisory Service (FSS), South Korea’s integrated financial regulator, has recommended asset management firms “not to excessively include” crypto stocks like Coinbase and Strategy in their ETFs portfolios. The regulator has issued verbal guidance to domestic firms, restricting the proportion of crypto companies in ETFs, Herald reported . The directive indicates that the 2017 administrative guidance related to virtual currencies is still valid and must be followed. Additionally, the FSS administrative guidance comprises provisions restricting financial institutions from “holding, purchasing, acquiring collateral, and investing in virtual assets.” “Recently, there has been a trend of deregulation related to virtual assets in the U.S. and Korea, but there have been no specific laws or guidelines established yet,” an FSS official noted. “This means that existing guidelines should be followed until the new system is complete.” South Korea’s Existing Digital Asset Guidelines Since 2017, Korean regulators have prohibited corporate transactions in virtual assets . The government’s decision at that time was driven by concerns over money laundering, given that corporate trading was seen as posing higher risks compared to individual trading. On December 13, 2017, the Korean government announced emergency measures in response to the increasingly speculative domestic cryptocurrency market. Domestic-Listed ETFs Hold Over 10% of ‘Coin Theme’ Stock: FSS The FSS guidance is interpreted as considering the recent rapid increase in ‘coin theme’ stocks, including coin exchanges and mining companies, being included in ETF markets. Among domestic listed ETFs, there are many products with a virtual asset-related stock proportion exceeding 10%, the report noted. For instance, the Korea Investment Trust Management’s ‘ACE US Stock Bestseller ETF’ holds Coinbase with a proportion of 14.59%. Similarly, ‘KoACT US Nasdaq Growth Company Active ETF’ also holds 7.44% of Coinbase, 6.04% of MicroStrategy, adding a total of 13.48% with the relevant stocks. According to industry insiders, these are passive ETFs that are structured to directly track an index. Besides, it is difficult to exclude passive ETFs. “If stocks are arbitrarily excluded without changing the index, the gap rate could skyrocket,” one industry insider noted. “I understand the regulatory tone, but it is not easy to respond immediately.” The local market has also argued that it isn’t fair to apply regulatory standards only to domestic ETFs, as they are already making indirect investments through ETFs of US-listed crypto investment companies. “Restricting only domestic ETFs will not stop the flow of funds, and in reality, many investors are already bypassing the market with U.S. ETFs,” another source noted. “It is questionable whether the regulations will be effective in reality.”

Author: CryptoNews
Changpeng Zhao: The alt season index is rising, and the FOMO season is coming

Changpeng Zhao: The alt season index is rising, and the FOMO season is coming

PANews reported on July 23 that Zhao Changpeng posted on the X platform at noon that although the accuracy of the Altcoin Season Index on CoinMarketCap is uncertain, it is

Author: PANews
Arthur Hayes' latest prediction: Trump's fascist economy will ignite the crypto bull market, and Bitcoin will reach $250,000 by the end of the year!

Arthur Hayes' latest prediction: Trump's fascist economy will ignite the crypto bull market, and Bitcoin will reach $250,000 by the end of the year!

Unveiling the secret waltz between Trump’s “fascist economy” and the crypto bull market — the deadly dance between Bitcoin and the “credit drum”, are you following the dance with your

Author: PANews
Data: 31.6% of PUMP pre-sale buyers have sold on DEX, and 53% have been transferred to new wallets

Data: 31.6% of PUMP pre-sale buyers have sold on DEX, and 53% have been transferred to new wallets

PANews reported on July 23 that according to Spot On Chain statistics, among the 10,145 successful pre-sale buyers of PUMP tokens, 12.7% still hold them; 31.6% have been sold on

Author: PANews