Darkex News February 10, 2025

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US to Impose 25% Tariff on Steel and Aluminium Imports

US President Donald Trump signed an executive order imposing a 25% tariff on all steel and aluminium imports into the US. Trump stated that this regulation does not include any exceptions or exemptions. This decision indicates that exemptions previously granted to certain countries have been removed.

by Darkex Research – 1 min read

SEC Accepts Physical Redemption Application for 21Shares Bitcoin and Ethereum Spot ETFs

The US Securities and Exchange Commission (SEC) accepted 21Shares’ application to allow the physical redemption of Bitcoin and Ethereum spot ETFs. This development is considered an important step in the crypto ETF market.

by Darkex Research – 1 min read

NYSE Arca Files Cardano (ADA) Spot ETF Application on Behalf of Grayscale

NYSE Arca filed a 19b-4 application with the SEC for a Cardano (ADA) spot ETF on behalf of Grayscale. This application will be the first ADA-based ETF in the market. Coinbase Custody Trust Company will provide custody services for the ETF, while BNY Mellon will provide asset management.

by Darkex Research – 1 min read

Nasdaq Submits Coin Shares’ LTC and XRP ETF Applications

Nasdaq has filed Coin Shares’ Litecoin (LTC) and XRP spot ETF applications with the SEC. The 19b-4 filings are an important step necessary to initiate the listing process for these financial products.

by Darkex Research – 1 min read

Governor of the Bank of England: High Regulatory Standards Needed for Stablecoins

Andrew Bailey, Governor of the Bank of England, pointed to the potential impact of stablecoins on financial stability and called for higher regulatory standards for these assets.

by Darkex Research – 1 min read

FTX to Pay Back $6.5 – $7 Billion in First Phase

FTX will start repaying $16 billions of creditor debt as of February 18, 2025. An initial payment of between $6.5 and $7 billion is planned. The reparations will be calculated based on November 2022 prices.

by Darkex Research – 1 min read

Stablecoin Circulating Supply Increases by $16.97 Billion Since the Beginning of 2025

Since the beginning of 2025, the circulating supply of stablecoins has increased from approximately $194.2 billion to $211.2 billion, according to Glassnode data. This increase accelerated in February, signaling a strong growth trend.

by Darkex Research – 1 min read

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