GDLC
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🚀Charles #Hoskinson Says:
"Cardano is Going to Break the Internet"
🌟Cardano founder $ADA chief, Charles Hoskinson, just shook the crypto space again with a bold claim on X.
🌟NBA legend #ScottiePippen even chimed in: "#bullish "
💢The reaction? Mixed. 🌟Critics argue Cardano is still 80% below ATH and that real internet-breaking needs solid dApp adoption. 🌟Supporters point out Hoskinson is talking technology, not price - and Cardano's upgrades are no joke.
📜Ouroboros Leios Upgrade:
🪶"Follow-the-sun" dev model running 24/7
- 🪶Boosts transaction speed while keer decentralization
- 🪶Called "competitively necessary" by Hoskinson
📜Midnight's Glacier Drop:
🪶Distributed 2.4B NIGHT tokens (10% of supply)
🪶Cross-chain collaboration with $BTC , ETH, $SOL , ADA
📜Regulatory Progress:
🪶 Hoskinson's DC trip highlights movement toward crypto market legislation
🪶SEC approved Grayscale's #GDLC fund, boosting #cardanoetf odds to 90% on Polymarket
🪶Cardano's tech is evolving, adoption: expanding, and regulatory clarity is improving - all aligning for a potential breakout in real-world use
🚀Charles #Hoskinson Says:
"Cardano is Going to Break the Internet"
🌟Cardano founder $ADA chief, Charles Hoskinson, just shook the crypto space again with a bold claim on X.
🌟NBA legend #ScottiePippen even chimed in: "#bullish "
💢The reaction? Mixed. 🌟Critics argue Cardano is still 80% below ATH and that real internet-breaking needs solid dApp adoption. 🌟Supporters point out Hoskinson is talking technology, not price - and Cardano's upgrades are no joke.
📜Ouroboros Leios Upgrade:
🪶"Follow-the-sun" dev model running 24/7
- 🪶Boosts transaction speed while keer decentralization
- 🪶Called "competitively necessary" by Hoskinson
📜Midnight's Glacier Drop:
🪶Distributed 2.4B NIGHT tokens (10% of supply)
🪶Cross-chain collaboration with $BTC , ETH, $SOL , ADA
📜Regulatory Progress:
🪶 Hoskinson's DC trip highlights movement toward crypto market legislation
🪶SEC approved Grayscale's #GDLC fund, boosting #cardanoetf odds to 90% on Polymarket
🪶Cardano's tech is evolving, adoption: expanding, and regulatory clarity is improving - all aligning for a potential breakout in real-world use
🔥📊🚨🚨MARKET MOVING NEWS 🗞️ 🔥
🔔 MARKET MOVING NEWS! (20/09/25
1️⃣ FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month 👀 #FTXbankruptcy
Bankrupt crypto exchange FTX is set to distribute $1.6 billion to creditors on September 30 as part of its third repayment phase in the ongoing bankruptcy proceedings. The repayments, overseen by recovery lawyer John J. Ray III, will cover 78% to 120% of creditors' holdings at the time of collapse and be handled via platforms like Bitgo, Kraken, and Payoneer.
2️⃣ Grayscale Officially Launches GDLC, The First Index-Based Spot Crypto ETF ▶️ #GDLC
#Grayscale
Asset manager Grayscale has officially launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first index-based spot crypto ETF in the U.S. The fund, developed by CoinDesk Markets and rebalanced quarterly, provides exposure to top cryptocurrencies including Bitcoin (73% weighting), Ethereum (17%), Solana, XRP, and Cardano. It was converted from an over-the-counter product following SEC approval in July, with the process briefly paused before resuming under new SEC Chair Paul Atkins. Grayscale CEO Peter Mintzberg described the launch as a milestone in their commitment to transparent crypto exposure.
3️⃣ CZ's Family Office YZi Labs 'Deepens' Support Of Ethena Labs, Weeks After Binance Adds USDe Integrations 💰
YZi Labs, the family office of former Binance CEO Changpeng Zhao (CZ), is reportedly increasing its investment in Ethena Labs, the developer of the USDe synthetic dollar. Notably, this comes shortly after Binance announced it would integrate USDe as a spot trading pair and yield-bearing collateral asset for derivatives traders on the platform. It also comes as Ethena plans to expand on BNB Chain with new money markets, integrations, and partnerships. Though financial details of the increased stake remain undisclosed, YZi notes that "on the product front," its support will enable Ethena to "further drive USDe adoption across both CEXs and DeFi" and advance its USDtb stablecoin backed by BlackRock’s BUIDL fund.
4️⃣ U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations ‼️
The U.S. Treasury Department has advanced the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by issuing an advance notice of proposed rulemaking yesterday. Notably, this opens a one-month public comment period ending October 20, 2025. For context, an "advance notice of proposed rulemaking" is a preliminary step taken to gather information that will be used to put together an actual proposal. In this case, the government seeks industry input on key areas like sanctions compliance, anti-money laundering, tax treatments, reserve asset custody, and state-federal oversight balance.
5️⃣ Sky Opens Vote To Penalise Stragglers Delaying MKR-To-SKY Token Conversion
DeFi protocol Sky (formerly MakerDAO) has reportedly opened a governance vote proposing a 1% "Delayed Upgrade Penalty" on MKR-to-SKY token conversions starting September 22. The proposal states that the tax would increase by 1% every three months to incentivise the remaining 19% of MKR holders (about 176,070 MKR worth over $316 million) to convert amid the ongoing rebrand from MakerDAO. This follows the Endgame overhaul, where 81% of MKR has already upgraded at a 1:24,000 ratio, and aims to simplify governance by eliminating parallel tokens, with conversions before the deadline exempt from fees
1️⃣ FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month 👀 #FTXbankruptcy
Bankrupt crypto exchange FTX is set to distribute $1.6 billion to creditors on September 30 as part of its third repayment phase in the ongoing bankruptcy proceedings. The repayments, overseen by recovery lawyer John J. Ray III, will cover 78% to 120% of creditors' holdings at the time of collapse and be handled via platforms like Bitgo, Kraken, and Payoneer.
2️⃣ Grayscale Officially Launches GDLC, The First Index-Based Spot Crypto ETF ▶️ #GDLC
#Grayscale
Asset manager Grayscale has officially launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first index-based spot crypto ETF in the U.S. The fund, developed by CoinDesk Markets and rebalanced quarterly, provides exposure to top cryptocurrencies including Bitcoin (73% weighting), Ethereum (17%), Solana, XRP, and Cardano. It was converted from an over-the-counter product following SEC approval in July, with the process briefly paused before resuming under new SEC Chair Paul Atkins. Grayscale CEO Peter Mintzberg described the launch as a milestone in their commitment to transparent crypto exposure.
3️⃣ CZ's Family Office YZi Labs 'Deepens' Support Of Ethena Labs, Weeks After Binance Adds USDe Integrations 💰
YZi Labs, the family office of former Binance CEO Changpeng Zhao (CZ), is reportedly increasing its investment in Ethena Labs, the developer of the USDe synthetic dollar. Notably, this comes shortly after Binance announced it would integrate USDe as a spot trading pair and yield-bearing collateral asset for derivatives traders on the platform. It also comes as Ethena plans to expand on BNB Chain with new money markets, integrations, and partnerships. Though financial details of the increased stake remain undisclosed, YZi notes that "on the product front," its support will enable Ethena to "further drive USDe adoption across both CEXs and DeFi" and advance its USDtb stablecoin backed by BlackRock’s BUIDL fund.
4️⃣ U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations ‼️
The U.S. Treasury Department has advanced the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by issuing an advance notice of proposed rulemaking yesterday. Notably, this opens a one-month public comment period ending October 20, 2025. For context, an "advance notice of proposed rulemaking" is a preliminary step taken to gather information that will be used to put together an actual proposal. In this case, the government seeks industry input on key areas like sanctions compliance, anti-money laundering, tax treatments, reserve asset custody, and state-federal oversight balance.
5️⃣ Sky Opens Vote To Penalise Stragglers Delaying MKR-To-SKY Token Conversion
DeFi protocol Sky (formerly MakerDAO) has reportedly opened a governance vote proposing a 1% "Delayed Upgrade Penalty" on MKR-to-SKY token conversions starting September 22. The proposal states that the tax would increase by 1% every three months to incentivise the remaining 19% of MKR holders (about 176,070 MKR worth over $316 million) to convert amid the ongoing rebrand from MakerDAO. This follows the Endgame overhaul, where 81% of MKR has already upgraded at a 1:24,000 ratio, and aims to simplify governance by eliminating parallel tokens, with conversions before the deadline exempt from fees
📢 Big News for Multi-Asset Crypto Exposure: Grayscale’s GDLC Gets SEC Approval for NYSE Arca Listing!
The U.S. SEC has officially approved the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC) on NYSE Arca – a milestone for regulated crypto investment products.
🔍 What’s Inside GDLC?
▫️ Bitcoin (BTC) – 72% allocation
▫️ Ethereum (ETH) – 17% allocation
▫️ XRP – 5.62% allocation
▫️ Solana (SOL) – 4.03% allocation
▫️ Cardano (ADA) – 1% allocation
This approval enables investors to gain broad, regulated exposure to the top 5 crypto assets under one umbrella. Notably, the fund recently reduced its BTC weightage to increase allocations in ETH, XRP, SOL, and ADA – signaling a more diversified approach.
🔍 Why It Matters:
▫️ First-of-its-kind regulated multi-asset crypto fund on NYSE Arca.
▫️ Builds on Grayscale’s legal win over the SEC, which accelerated the approval of spot Bitcoin ETFs.
▫️Sets the stage for future multi-asset crypto ETFs as regulatory clarity improves.
ETF expert Nate Geraci praised Grayscale for “laying the groundwork” for crypto ETFs, noting how the SEC’s decision ties directly to Grayscale’s lawsuit and the new Crypto ETF Rule relying on futures contracts traded on regulated venues.
💡 This is more than just a listing — it’s another step toward mainstream institutional adoption of diversified crypto products.
#Grayscale #GDLC #CryptoETF #DigitalAssets #Innovation
https://coingape.com/grayscale-gdlc-fund-holding-sol-ada-gets-sec-nod-for-nyse-debut/?utm_source=coingape&utm_medium=linkedin
The U.S. SEC has officially approved the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC) on NYSE Arca – a milestone for regulated crypto investment products.
🔍 What’s Inside GDLC?
▫️ Bitcoin (BTC) – 72% allocation
▫️ Ethereum (ETH) – 17% allocation
▫️ XRP – 5.62% allocation
▫️ Solana (SOL) – 4.03% allocation
▫️ Cardano (ADA) – 1% allocation
This approval enables investors to gain broad, regulated exposure to the top 5 crypto assets under one umbrella. Notably, the fund recently reduced its BTC weightage to increase allocations in ETH, XRP, SOL, and ADA – signaling a more diversified approach.
🔍 Why It Matters:
▫️ First-of-its-kind regulated multi-asset crypto fund on NYSE Arca.
▫️ Builds on Grayscale’s legal win over the SEC, which accelerated the approval of spot Bitcoin ETFs.
▫️Sets the stage for future multi-asset crypto ETFs as regulatory clarity improves.
ETF expert Nate Geraci praised Grayscale for “laying the groundwork” for crypto ETFs, noting how the SEC’s decision ties directly to Grayscale’s lawsuit and the new Crypto ETF Rule relying on futures contracts traded on regulated venues.
💡 This is more than just a listing — it’s another step toward mainstream institutional adoption of diversified crypto products.
#Grayscale #GDLC #CryptoETF #DigitalAssets #Innovation
https://coingape.com/grayscale-gdlc-fund-holding-sol-ada-gets-sec-nod-for-nyse-debut/?utm_source=coingape&utm_medium=linkedin
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🔀📦 Grayscale converts its fund into a multi-token ETF (GDLC)
The large cap digital fund is now an ETF that offers diversified exposure to BTC, ETH, XRP, SOL, ADA, and more, in a single product. Ideal for those seeking diversification without buying each asset individually.
#GDLC #ETF #DiversificaciónCriptoInversión $BTC
$ETH
$XRP
The large cap digital fund is now an ETF that offers diversified exposure to BTC, ETH, XRP, SOL, ADA, and more, in a single product. Ideal for those seeking diversification without buying each asset individually.
#GDLC #ETF #DiversificaciónCriptoInversión $BTC
$ETH
$XRP
See original
Grayscale launches first multi-token ETF
📰 What has been approved
The SEC of the U.S. has given the green light to the Grayscale product called Digital Large Cap Fund (GDLC), which will be the first ETP (Exchange-Traded Product) that groups multiple major cryptocurrencies.
The cryptos that will be included in the GDLC basket are: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
The new generic listing standards for crypto products in commodities/E's/ETPs were used, simplifying the regulatory process for listings on exchanges like NYSE Arca.
The SEC of the U.S. has given the green light to the Grayscale product called Digital Large Cap Fund (GDLC), which will be the first ETP (Exchange-Traded Product) that groups multiple major cryptocurrencies.
The cryptos that will be included in the GDLC basket are: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
The new generic listing standards for crypto products in commodities/E's/ETPs were used, simplifying the regulatory process for listings on exchanges like NYSE Arca.
Grayscale GDLC ETF — Approval with a Catch”
Here’s a critical update from the ETF world — and it's got layers.
Grayscale recently received regulatory authorization to convert its GDLC — that’s the Grayscale Digital Large Cap Fund — into a spot ETF.
Sounds like a massive win for crypto, right? But there’s a catch.
Bloomberg analysts report that while the approval was granted, there was a letter attached to the authorization. And that letter contains certain limitations — meaning Grayscale can’t actually proceed with the ETF conversion just yet.
The approval is symbolic — yes — but not operational. At least, not for now.
This move adds more complexity to the ongoing ETF rollout in the U.S., where legal structures and regulatory interpretations keep shifting.
The GDLC ETF isn’t hitting the market just yet, and Grayscale may have to wait — or negotiate further.
Follow for real-time ETF insights and smart breakdowns."
#Grayscale #GDLC #ETFUpdate #BitcoinETF #CryptoRegulation $WCT
Here’s a critical update from the ETF world — and it's got layers.
Grayscale recently received regulatory authorization to convert its GDLC — that’s the Grayscale Digital Large Cap Fund — into a spot ETF.
Sounds like a massive win for crypto, right? But there’s a catch.
Bloomberg analysts report that while the approval was granted, there was a letter attached to the authorization. And that letter contains certain limitations — meaning Grayscale can’t actually proceed with the ETF conversion just yet.
The approval is symbolic — yes — but not operational. At least, not for now.
This move adds more complexity to the ongoing ETF rollout in the U.S., where legal structures and regulatory interpretations keep shifting.
The GDLC ETF isn’t hitting the market just yet, and Grayscale may have to wait — or negotiate further.
Follow for real-time ETF insights and smart breakdowns."
#Grayscale #GDLC #ETFUpdate #BitcoinETF #CryptoRegulation $WCT
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#تحديث_ومتابعه
🇺🇸 The U.S. Securities and Exchange Commission (#SEC ) has given the green light to application #Grayscale to convert fund
#DigitalLargeCapFund (#GDLC ) into a cash exchange-traded fund that includes five cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cardano 🚀 $ADA $SOL $XRP
GDLC, which manages assets worth approximately $775 million, consists of about 80% BTC, 11-11.3% ETH, and small holdings of XRP (~ 5%), SOL (~ 3%), and ADA (~ 0.8%).
🇺🇸 The U.S. Securities and Exchange Commission (#SEC ) has given the green light to application #Grayscale to convert fund
#DigitalLargeCapFund (#GDLC ) into a cash exchange-traded fund that includes five cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cardano 🚀 $ADA $SOL $XRP
GDLC, which manages assets worth approximately $775 million, consists of about 80% BTC, 11-11.3% ETH, and small holdings of XRP (~ 5%), SOL (~ 3%), and ADA (~ 0.8%).
See original
"Strange Situation": SEC Halts Another ETF Containing Bitcoin, Ethereum, and XRP
The U.S. Securities and Exchange Commission (SEC) has intervened to temporarily halt the conversion of the Bitwise 10 Crypto Index ETF, just hours after it was approved by staff. This is the second time this month that the SEC has blocked a staff-approved recommendation.
This move, along with the earlier case of the Grayscale Digital Large Cap Fund, has raised concerns among observers of the cryptocurrency ETF market. The halt suggests internal opposition to broader crypto products.
This move, along with the earlier case of the Grayscale Digital Large Cap Fund, has raised concerns among observers of the cryptocurrency ETF market. The halt suggests internal opposition to broader crypto products.
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After 5 years of struggle with the SEC, has the XRP cycle completed?
After a five-year legal battle with the SEC, XRP takes a significant step forward.
A significant step forward, including joining an organized trading ETF in the United States. Recent developments represent a critical turning point for both Ripple and the digital asset.
End of 5 years of struggle with the SEC
A significant step forward, including joining an organized trading ETF in the United States. Recent developments represent a critical turning point for both Ripple and the digital asset.
End of 5 years of struggle with the SEC
🚨 Grayscale Pushes Back Against SEC Over GDLC ETF Block
🏛 Grayscale has officially challenged the SEC’s stay order that halted the conversion of its Digital Large Cap Fund (GDLC) into a spot ETF, stating the Commission lacks the authority under Section 19b of the Exchange Act to do so.
🔍 Why this matters:
⚖️ The battle over crypto ETF approvals is heating up
📈 A win for Grayscale could set a precedent for broader digital asset ETF adoption
🧩 Regulatory clarity is crucial for investor confidence and institutional entry
⚠️ Grayscale’s response signals a growing tension between innovators and regulators — and the outcome could reshape the future of crypto investment products in the U.S.
#Grayscale #GDLC #SEC #CryptoETF #DigitalAssets
https://coingape.com/grayscale-challenges-secs-stay-order-blocking-gdlcs-etf-conversion/?utm_source=linkedin&utm_medium=coingape
🏛 Grayscale has officially challenged the SEC’s stay order that halted the conversion of its Digital Large Cap Fund (GDLC) into a spot ETF, stating the Commission lacks the authority under Section 19b of the Exchange Act to do so.
🔍 Why this matters:
⚖️ The battle over crypto ETF approvals is heating up
📈 A win for Grayscale could set a precedent for broader digital asset ETF adoption
🧩 Regulatory clarity is crucial for investor confidence and institutional entry
⚠️ Grayscale’s response signals a growing tension between innovators and regulators — and the outcome could reshape the future of crypto investment products in the U.S.
#Grayscale #GDLC #SEC #CryptoETF #DigitalAssets
https://coingape.com/grayscale-challenges-secs-stay-order-blocking-gdlcs-etf-conversion/?utm_source=linkedin&utm_medium=coingape
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