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Grayscale Seeks SEC Approval for First Cardano ETF

Grayscale Investments has filed an application with the U.S. Securities and Exchange Commission to list a Cardano exchange-traded fund on the New York Stock Exchange . This initiative marks Grayscale’s inaugural standalone ADA investment product, aiming to provide investors with regulated exposure to the Cardano blockchain’s native cryptocurrency.

The proposed ETF, designated to trade under the ticker symbol “GADA,” is structured to offer investors direct exposure to ADA without the need to hold the cryptocurrency directly. Each share of the trust would represent a proportional ownership of ADA, with pricing based on the CoinDesk Cardano Price Index . BNY Mellon Asset Servicing is slated to serve as the administrator, while Coinbase Custody Trust Company would act as the custodian for the assets.

Grayscale’s filing is part of a broader strategy to expand its cryptocurrency ETF offerings. In recent weeks, the firm has submitted applications for ETFs linked to other digital assets, including XRP, Solana , and Litecoin . These moves reflect a growing interest among asset managers to provide regulated investment vehicles that offer exposure to various cryptocurrencies.

The SEC’s stance on cryptocurrency ETFs has evolved, particularly under the current administration. The regulatory body’s recent openness to such products has encouraged firms like Grayscale to pursue ETF listings for a wider range of digital assets. However, it’s important to note that the SEC has previously classified certain cryptocurrencies, including ADA, as securities in past legal actions. This classification could present regulatory challenges for the approval of the proposed Cardano ETF.

Trump and King Abdullah to Discuss Controversial Gaza Proposal

President Donald Trump is set to meet Jordan’s King Abdullah II at the White House today to deliberate on the U.S. administration’s contentious plan concerning the Gaza Strip. The proposal involves relocating Gaza’s Palestinian population to neighboring countries and redeveloping the territory under U.S. oversight—a strategy that has ignited widespread criticism across the Middle East.

Trump has advocated for the evacuation of Gaza’s 2.2 million residents, suggesting their resettlement in nations such as Jordan and Egypt. He envisions transforming the war-torn enclave into a prosperous area, referring to it as the potential “Riviera of the Middle East.” In a recent interview, Trump stated that Palestinians would not have the right to return to Gaza, proposing instead to provide them with better housing in neighboring countries.

This proposal has been met with firm opposition from key regional players. King Abdullah has unequivocally rejected the idea, emphasizing that Jordan will not accept any forced displacement of Palestinians from their homeland. He has labeled such proposals as a “red line,” underscoring the potential threat they pose to regional stability.

Egypt has also dismissed the plan, with officials reiterating their refusal to compromise on the Palestinian right to self-determination and return. The Egyptian government has emphasized that any attempts to annex land and displace Palestinians are unacceptable.

The Palestinian Authority and Hamas have condemned the proposal, viewing it as an attempt at ethnic cleansing. Hamas spokespersons have asserted that Gaza is not for sale and remains an integral part of Palestinian land.

Within the U.S., the plan has encountered skepticism from several Republican lawmakers. Critics argue that forcibly relocating an entire population could lead to further instability in the Middle East and damage America’s standing in the region.

Despite the backlash, Trump has indicated that he may leverage U.S. aid to encourage compliance with his plan. He has suggested the possibility of withholding financial assistance from countries that refuse to accept Palestinian refugees, a move that could significantly impact nations like Jordan and Egypt, which are among the largest recipients of U.S. aid in the region.

The meeting between Trump and King Abdullah comes at a critical juncture, as a fragile ceasefire between Israel and Hamas hangs in the balance. Trump has issued an ultimatum to Hamas, demanding the release of all hostages by midday Saturday, threatening to propose the cancellation of the ceasefire if his demands are not met. He has warned that failure to comply would result in severe consequences, stating that “all hell is going to break out” if the hostages are not freed.

Analysts suggest that King Abdullah’s visit to Washington is pivotal. As the first Arab leader to meet with Trump since his return to office, Abdullah is expected to present practical Arab perspectives on the Gaza situation. He aims to balance Jordan’s national security interests and domestic concerns while maintaining its crucial relationship with the United States.

A Guide To Recovering From Addiction and Transforming Your Life

Breaking free from the shackles of addiction requires more than willpower; it necessitates a holistic approach that addresses the underlying causes, physical dependencies, and psychological aspects of substance abuse. Recovery is a transformative journey that can lead to a renewal of health, hope, and a sense of purpose. Whether you’re struggling with addiction or seeking to support a loved one on their path to sobriety, understanding the […]

Special Minds Introduces Singapore’s First 1:1 Special Needs Matching Platform

SINGAPORE – Media OutReach Newswire – 10 February 2025 – Special Minds is proud to introduce a new platform in Singapore that offers a much-needed solution for families with children and youths who have special or learning needs. As the country’s first platform dedicated to 1:1 special needs matching, Special Minds provides home-based services tailored to each child’s unique requirements. For parents and caregivers, this means that […]

The mass pilgrimage flocking to Ba Den Mountain, Tay Ninh at the beginning of the Lunar New Year

BA DEN, VIETNAM – Media OutReach Newsdwire – 10 February 2025 – During the recent Lunar New Year, images capturing packed crowds at the foot of Ba Den Mountain, Tay Ninh resembling an emotive abstract painting, have created a sensation. These photos, shared hundreds of thousands of times by Vietnamese social media platforms, have sparked widespread interest from across the world. Ba Den Mountain, located in the […]

Sega’s Financial Setback: Revenue Declines Amid Football Manager 25 Cancellation

Sega Sammy Holdings has reported an 8% decline in revenue, amounting to $2.1 billion, for the nine months ending 31 December 2024. This downturn coincides with the company’s announcement to cancel the anticipated release of Football Manager 25, a decision that has garnered significant attention in the gaming community. The cancellation of Football Manager 25 was confirmed by Sports Interactive, the game’s developer, after extensive internal discussions […]

How to manage currencies in Trump era

If you thought currency markets were unpredictable before, welcome to the Trump era—a world where tariffs, policy tweets, and America First economics make for a wild ride. Forget the usual playbook. Trading currencies in this environment requires sharp instincts, a stomach for volatility, and a ruthless ability to read between the lines of Trump’s economic agenda through seeking financial advice. Tariffs are back in a big way, […]

INDIA Bloc Has To Look Forward Taking Lessons From AAP Defeat In Delhi

By Nitya Chakraborty The victory of the BJP in the Delhi assembly elections defeating the ruling Aam Aadmi Party (AAP) convincingly is certainly a jolt to the opposition INDIA bloc, but it does not mean the end of AAP, or the final tolls for the INDIA bloc, as some commentators in the national media and […]

BlackRock Set to Introduce Bitcoin ETP in Switzerland

BlackRock Inc., the world’s largest asset manager, is preparing to launch a Bitcoin Exchange-Traded Product in Europe, with plans to domicile the fund in Switzerland. The company could begin marketing the ETP as early as this month, according to sources familiar with the matter. This initiative marks BlackRock’s first crypto-linked ETP outside the United States.

The move comes in response to growing demand from both institutional and retail investors seeking exposure to digital assets. BlackRock’s U.S.-based iShares Bitcoin ETF , launched in January 2024, has accumulated nearly $60 billion in assets under management, reflecting significant investor interest in cryptocurrency-linked investment products.

In anticipation of this European expansion, BlackRock has established a Zurich-based entity, iShares Digital Assets AG, to focus on digital asset offerings. This strategic decision underscores the firm’s commitment to meeting the evolving needs of investors in the digital asset space.

However, the European market presents distinct regulatory challenges. The forthcoming Markets in Crypto-Assets Regulation in the European Union is set to introduce stringent requirements for crypto businesses, potentially making operations more complex compared to the U.S. market. Despite these hurdles, BlackRock’s decision to proceed indicates confidence in navigating the regulatory landscape and capitalizing on the growing appetite for cryptocurrency investments in Europe.

Industry analysts note that BlackRock’s entry into the European crypto ETP market could intensify competition among providers. Existing firms have already begun implementing measures such as fee waivers to attract investors. The fee structure of BlackRock’s new ETP remains undisclosed, but it is expected to play a crucial role in the product’s competitiveness and appeal to investors.

The success of BlackRock’s U.S. Bitcoin ETF has been attributed to increased participation from institutional investors, including sovereign wealth funds. Larry Fink, BlackRock’s CEO, has highlighted the potential for Bitcoin’s value to rise substantially if large-scale institutional investments continue. He suggests that even a modest allocation of 2% to 5% of assets by these investors could drive Bitcoin’s price significantly higher.

Halftime Show Disrupted as Protester Waves Palestinian Flag

During the Super Bowl LIX halftime performance at the Caesars Superdome in New Orleans, a protester brandishing a Palestinian flag disrupted Kendrick Lamar’s set. The individual, who was part of the 400-member field cast, ascended the stage and unfurled a flag that combined the Palestinian and Sudanese emblems, with the words “Gaza” and “Sudan” inscribed respectively. Security personnel swiftly intervened, apprehending the protester and escorting him off the field. The New Orleans Police Department is currently evaluating potential charges against the individual.

The National Football League confirmed that the protester had concealed the flag until the performance commenced, and that neither the production team nor the organizers were aware of his intentions. Roc Nation, the company responsible for producing the halftime show, stated that the act was neither planned nor part of the official production.

Kendrick Lamar continued his performance without interruption, delivering a set that included collaborations with artists such as SZA and Samuel L. Jackson. The halftime show was notable for Lamar’s position as the first solo hip-hop artist to headline the event.

The Super Bowl, attended by President Donald Trump, concluded with the Philadelphia Eagles defeating the Kansas City Chiefs 40-22. This victory served as redemption for the Eagles, who had previously lost to the Chiefs in an earlier Super Bowl matchup.

The incident occurred amidst a fragile ceasefire between Israel and Hamas, as well as ongoing civil unrest in Sudan since 2023. The protester’s actions have sparked discussions about the intersection of political expression and entertainment events, highlighting the challenges organizers face in maintaining security while respecting freedom of speech.

In the aftermath of the game, celebrations in Philadelphia escalated into chaos, with fans setting fires, climbing on police vehicles, and engaging in brawls. Law enforcement agencies are investigating the disturbances, aiming to identify and hold accountable those responsible for the disorderly conduct.

Artyzen Hospitality Group Expands to Xi’an with New Luxury Lifestyle Hotel

SHANGHAI, CHINA – Media OutReach Newswire – 10 February 2025 – Artyzen Hospitality Group (AHG), a wholly owned subsidiary of Shun Tak Holdings Limited (HKSE: 242) today announced a management agreement with Xi’an Yang’s Real Estate Development Co., Ltd. (Xi’an Yang’s Real Estate) to open its first Artyzen Hotels and Resorts luxury lifestyle hotel in Xi’an, China. This marks AHG’s debut in China’s ancient capital and the […]

DFI Retail Group Appoints New Chief Executive Officer for 7-Eleven for South China, Hong Kong, Macau and Singapore

HONG KONG SAR – Media OutReach Newswire – 10 February 2025 – DFI Retail Group (‘the Group’) today announced the appointment of Yoep Man (Yoep) as Chief Executive Officer for 7-Eleven for South China, Hong Kong, Macau and Singapore, effective immediately. In his new role, Yoep will lead the strategic direction and operations of the convenience retail business across these markets, driving innovation and growth to meet […]

Saudi Arabia Unveils $14.9 Billion AI Investment at LEAP 2025

Saudi Arabia has announced a substantial $14.9 billion investment in artificial intelligence during the LEAP 2025 technology conference in Riyadh. This move underscores the Kingdom’s ambition to position itself as a global leader in digital innovation and aligns with its Vision 2030 objectives. The announcement was made by Minister of Communications and Information Technology Abdullah Al-Swaha, who highlighted the nation’s rapid growth in the tech sector. He […]

Kids Haven Announces Ongoing Partnership with Children’s Wishing Well to Raise Funds and Support Children’s Futures

SINGAPORE – Media OutReach Newswire – 10 February 2025 – Kids Haven, a kid’s furniture provider, is pleased to announce the continuation of its partnership with Children’s Wishing Well, a charity supporting children and families in need. Building on their successful collaboration in 2022, both organisations are now working together on a long-term fundraising initiative with another children’s art workshop planned for March 2025. Kids Haven is […]

Trump’s Sanctions Against ICC Shows His Deep Contempt For International Laws

By Satyaki Chakraborty U.S. President Donald Trump has started breaking all conventions about abiding by international laws b h announcing the U.S. government’s sanctions against the International Criminal Court (ICC) taking the plea that the ICC is biased against the U.S. and Israel. Donald Trump launched sanctions against the global body, which is seen as […]

Amazon’s $100 Billion AI Investment Signals Intensifying Tech Race

Amazon has announced plans to invest over $100 billion in capital expenditures for 2025, with a significant portion allocated to artificial intelligence infrastructure within its cloud computing division, Amazon Web Services . This move underscores the company’s commitment to maintaining a competitive edge in the rapidly evolving AI sector. In a recent earnings call, CEO Andy Jassy emphasized the transformative potential of AI, likening it to the […]

4 in 5 Singapore residents prioritising savings, investments and insurance amongst others despite expectations of a tough year ahead: AIA Live Better Study

18-29 year olds significantly more optimistic and feel more financially prepared to confront the year compared to 40-49 year olds. SINGAPORE – Media OutReach Newswire – 6 February 2025 – AIA Singapore today announced findings from the seventh edition of the AIA Live Better Study, which reflects the evolution of a society where more than 4 in 5 (83%) of Singapore residents plan to actively manage their […]

Despite Setback In Delhi, AAP To Remain A Political Force Of Reckoning

By Dr. Gyan Pathak Despite political setback in Delhi Vidhan Sabha election and loss of power to BJP, Aam Aadmi Party (AAP) will remain a political force of reckoning. AAP’s huge voter support base is intact, and election result shows that the BJP could win by only about a small margin of about 2.26 per […]

AIM Vaccine mRNA RSV Vaccine Submits for Clinical Trials in the U.S.

Multiple Institutions Give AIM a “Buy” Rating HONG KONG SAR – Media OutReach Newswire – 5 February 2025 – AIM Vaccine Co., Ltd. (06660.HK), a leading PRC vaccine company, announced today that its independently developed mRNA RSV (respiratory syncytial virus) vaccine has recently been submitted for clinical trials to the U.S. Food and Drug Administration (FDA). The vaccine has demonstrated significantly higher humoral and cellular immunity compared […]

Dubai Unveils Ambitious Plan for Car-Free Urban Zones

Dubai is advancing its sustainability agenda with the introduction of the Super Block initiative, aiming to establish car-free zones in key residential areas. This move seeks to enhance environmental quality and promote healthier urban living. The Super Block concept involves designating clusters of nine city blocks where non-essential vehicles are restricted, transforming streets into pedestrian-friendly spaces. Essential services and residents’ vehicles will have limited access, with speed […]

Africa Finance Corporation (AFC) Raises US$400 million in Shariah-compliant Commodity Murabaha facility to fund African Infrastructure

AFC has consistently broadened its funding portfolio with innovative transactions that open new capital markets to attract global investors to African infrastructure DUBAI, UNITED ARAB EMIRATES – EQS Newswire – 7 February 2025 – Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully closed a US$400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the Islamic finance market for the first […]

12 Malaysian students celebrate as Octa broker’s bootcamp reaches completion

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 February 2025 – In 2024, Octa broker sponsored a coding bootcamp for Malaysian students, STATUS 200. Organised in cooperation with Ideas International, this charity project was held on-site in Kuala Lumpur and lasted from April to November 2024. The program was divided into three stages, each filled with intense learning and challenging assignments. While many participants could not […]

MEET48 Unveils Multiple AI Products, Redefining the Future of the Entertainment Industry

SINGAPORE – Media OutReach Newswire – 7 February 2025 – MEET48 officially launches its world-first virtual entertainment, social, music, and dance AIGC creator platform, MEET48.ai, on February 7. MEET48.ai: Effortlessly Create Idol AI-Agents and AIGC Content with One-Click Intelligence By accessing MEET48.ai, users can create virtual Idol AI-Agents through simple customization steps. These AI-Agents support various functions, including chatting, live streaming, companionship, and virtual performances. As the […]

Singapore’s Tolaram Welcomes IFC Investment in Lagos Free Zone to Boost Industrial Growth and Economic Diversification in Nigeria

LAGOS, NIGERIA – Media OutReach Newswire – 8 February 2025 – Tolaram, the Singapore-headquartered owners and operators of Lagos Free Zone are proud to announce that the International Finance Corporation (IFC) has committed an equity investment of up to $50 million to support the development of Lagos Free Zone. The investment, aimed at closing key infrastructure gaps to enhance Nigeria’s global competitiveness, will help accelerate the first […]