Asset manager VanEck submitted an application to the US Securities and Exchange Commission for the “Onchain Economy” exchange-traded fund (ETF) on Jan. 15, a now-deleted social media comment from VanEck’s head of digital assets research, Matthew Sigel, revealed. According to the filing, the fund will invest in crypto firms across the industry, including software developers, mining companies,…

Republican Senator Tim Scott, recently elected chair of the US Senate Banking Committee, announced that developing a regulatory framework for digital assets would be one of the body’s priorities in the 119th Congress. In a Jan. 15 notice, Senator Scott said the Banking Committee intended to focus on policies for financial inclusion that “create opportunity” in the…

The decentralized launch of the Hyperliquid (HYPE) token may usher in a “new era” for onchain fair launch cryptocurrencies following some disappointing token launch events on centralized exchanges. After staging the most valuable airdrop in crypto history, the Hyperliquid token came into the spotlight for its decentralized distribution, which excluded venture capital (VC) firms and early investors. During…