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Blockchain

Flood of Major Altcoin ETFs Await SEC Approval in October


The crypto industry could be set for a flood of new crypto exchange-traded funds in October, with the US Securities and Exchange Commission set to make their final decisions on 16 crypto ETFs next month. 

The ETFs are connected to a variety of major altcoins, including Solana (SOL), XRP (XRP), Litecoin (LTC) and memecoin Dogecoin (DOGE), which have final deadlines scattered throughout October.

Up for approval first is decentralized exchange Canary’s Litecoin ETF, with a deadline of Oct. 2, followed by asset manager Grayscale’s Solana and Litecoin…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

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by Tech In Asia

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