Bitpush editor's daily selected Web3 news:
【Crypto exchange Gemini Plans to List on Nasdaq with GEMI Code】
Crypto exchange Gemini disclosed IPO details: planning to list on Nasdaq with GEMI code, will transfer most users to the "Moonbase" entity in Florida, while Gemini Trust remains in New York State. The document also revealed a credit agreement between Gemini and Ripple in July 2025, valued up to $75 million, to be paid with Ripple's RLUSD stablecoin.
【Federal Reserve Announces Termination of Crypto Banking Regulatory Plan】
The Federal Reserve announced on Friday that it will cancel a so-called "novel activities" regulatory plan specifically designed to regulate banks' cryptocurrency and financial technology activities, instead incorporating such activities into its regular bank supervision. The Federal Reserve launched this new plan in 2023 to focus on how banks interact with these emerging technologies. However, the Federal Reserve stated that this is no longer necessary, as they have strengthened their understanding of these risks and how banks manage them.
【Grayscale Submits Dogecoin ETF S-1 Registration Statement】
Grayscale submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC), intending to list the "Grayscale Dogecoin Trust ETF" on NYSE Arca with the trading code "GDOG".
【DCG Sues Subsidiary Genesis for Over $105 Million】
According to The Block, global investment company Digital Currency Group (DCG) is suing its subsidiary Genesis Global Capital LLC because DCG provided an $1.1 billion guarantee to support Genesis during the last cryptocurrency crash.
In a lawsuit filed in the US Bankruptcy Court for the Southern District of New York, DCG stated that the company attempted to cover potential gaps through this $1.1 billion promissory note, a measure taken in response to the collapse of crypto hedge fund Three Arrows Capital in 2022. DCG noted that Three Arrows Capital was one of Genesis's largest borrowers.
DCG is requesting the court to order Genesis Global Capital to pay over $105 million plus interest.
【Ethereum PoS Network Exit Queue Rises to About 818,000, Join Queue Rises to About 362,000】
According to data from validatorqueue, the current Ethereum PoS network exit queue is 818,352, which is approximately $3.72 billion worth of ETH exiting the PoS network at current prices, with a withdrawal delay of 14 days and 5 hours.
Meanwhile, the staking demand for new validators has rebounded, with today's entry queue rising to 362,300, valued at approximately $1.649 billion, with a current queue waiting time of 6 days and 7 hours.
【Market News: Asset Management Company Brevan Howard Discloses Holding $2.3 Billion in Bitcoin】
According to market news, based on the 13F filing disclosed by the US Securities and Exchange Commission, asset management company Brevan Howard holds $2.3 billion in Bitcoin. Brevan Howard has been continuously increasing its exposure to the crypto market and has appointed David Kalk, a former Thiel Family Office member, as portfolio manager for its multi-strategy digital asset fund.
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