Crypto Crash Deepens as Bitcoin, Ethereum Post Double-Digit Losses

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  Canary Capital Seeks SEC Approval for Tron ETF With Staking

  The ETF applications keep coming. Canary Capital on Friday filed an S-1 prospectus with the U.S. Securities and Exchange Commission on Friday for a spot Tron ETF that would include staking capabilities.  The staking feature of the Canary Staked TRX ETF would allow investors to earn extra yield with their investment.  The fund’s “investment objective is to seek to provide exposure to the price of Tron,” the filing said.  Nashville, Tennessee-based Canary has filed for a number of crypto ETFs. Th...

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  What Trump Firing Fed Chair Would Mean for Bitcoin—And the US Economy

  Should President Donald Trump make good on apparent threats to fire Federal Reserve chair Jerome Powell, analysts tell Decrypt that the extraordinary move would likely throw the American political system into turmoil. But could it also be bullish for Bitcoin?  On Thursday, Trump, who has unsuccessfully lobbied Powell to lower interest rates for weeks, said the Fed chair’s termination “cannot come fast enough.” While presidents often come into conflict with the Fed, which dictates U.S. monetary p...

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  As Bitcoin Mining Companies Slump, Tether Loads Up on Bitdeer

  Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector's largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April. An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in t...