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Bitwise has submitted a registration filing for an Aptos ETF to the Delaware’s Department of State, paving the way for a possible ETF launch. According to the official registration portal , Bitwise , an exchange-traded fund issuer has filed for an Aptos ( APT ) ETF in the state of Delaware as it looks to expand its crypto offerings. This could mean that the firm is gearing up to file an official S-1 application with the U.S Securities and Exchange Commission . If the registration gets approved, Bitwise could become the first firm in the U.S. to launch an exchange-traded fund that directly holds APT tokens. APT is the native token of Aptos , Proof-of-Stake Layer 1 blockchain developed by Aptos Labs. The filing of Aptos ETP follows the launch of a series of Aptos ETPs in Europe, including Bitwise Aptos Staking ETP and 21Shares Aptos Staking ETP. Shortly after news of the filing spread, APT experienced a rise in value by 10%. The token is currently trading hands at $6.18, according to data from crypto.news. This means that APT has managed to break through the slump it was previously stuck in. In the past week, the token has gone down by 6.5%. In the past month, APT has gone down by nearly 20% and decreased by nearly 40% in the past year. Aptos has accumulated a market cap of $3.6 billion and a fully diluted valuation of $7 billion. In the past 24 hours, the daily trading volume for APT has reached $371 million, rising by nearly 44% compared to the previous day. Bitwise launched its Aptos Staking ETP on six Swiss exchanges in November 2024. In that same month, 21Shares also launched its Aptos Staking ETP in Euronext Amsterdam and Paris. Last month, Bitwise had submitted an official S-1 filing for a Dogecoin ETF that was previously registered the state of Delaware. The firm also received approval from the U.S. SEC for their Bitcoin and Ethereum ETF 19b-4 filing. The Bitwise Bitcoin and Ethereum ETF now awaits regulator’s decision on its S-1 registration before it can start trading on the markets.

The U.S. Securities and Exchange Commission is considering pausing its civil fraud case against TRON founder Justin Sun to explore a possible resolution that could benefit both parties and the public. In a letter sent on Wednesday to the U.S. District Judge Edgardo Ramos in Manhattan, attorneys representing Sun and the SEC requested a pause in the case, proposing to provide a status update 60 days following the stay, as originally reported by Reuters . The case , filed in March 2023, accuses Sun and his companies of illegally distributing Tronix ( TRX ) and BitTorrent ( BTT ) and artificially inflating TRX trading volume. Specifically, the SEC accused Sun of selling TRX and BTT tokens as investments without proper registration through unregistered “bounty programs.” These programs encouraged interested parties to promote the tokens on social media and chat groups, and create BitTorrent accounts in exchange for receiving TRX and BTT. The SEC also claimed that Sun and his companies conducted monthly giveaways of BTT to U.S. investors who already held TRX in their wallets or on certain exchanges. Additionally, the SEC accused Sun of wash trading, creating the illusion of active trading and liquidity in the markets for these tokens. Specifically, from April 2018 to Feb. 2019, Sun allegedly instructed his employees to carry out over 600,000 wash trades of TRX using two trading accounts he controlled. These trades involved manipulating the market with daily wash trades of between 4.5 million and 7.4 million TRX. To execute this scheme, Sun allegedly supplied a large quantity of TRX. Additionally, he was accused of selling TRX in the secondary market, which resulted in $31 million in proceeds. Finally, Sun also hired several high-profile celebrities to promote these tokens without disclosing their compensation. The SEC has also charged eight celebrities, including Lindsay Lohan, Akon, and Austin Mahone, for unlawfully promoting TRX and/or BTT without revealing that they were paid for these endorsements and the specific amounts they received. Prior to this, Justin Sun was in another legal spotlight when the blockchain protocol Chain considered taking legal action against him. This was sparked by Sun’s allegations that the company was involved in Onyxcoin ( XCN ) market manipulation—an accusation that seems particularly ironic in light of the Sun’s charges filed by the SEC. Sun made these allegations in a post on Jan. 24, claiming that Chain was using high leverage and contracts that could harm exchange users. He suggested that crypto exchanges should be cautious and indicated he would report Chain’s supposed illegal activities to the SEC and DOJ. In response, Chain rejected Sun’s accusations, stating that it does not engage in trading its XCN and pointing out that the XCN token is managed by OnyxDAO. Following this, Sun reiterated his accusations, this time directing attention to OnyxDAO and urging regulatory bodies to investigate.

XRP’s price has moved erratically, showing a downward trend of late. The cryptocurrency currently trades at $2.22 , down 3.17% over the past 24 hours. Initially, XRP saw an upward push, reaching a high of $2.30, but it failed to sustain the momentum. The price then fell back and moved between $2.12 and $2.25, indicating stronger selling pressure. With a 38.52% drop in trading volume, market activity has gone down significantly, suggesting weaker buying interest. If XRP stays above key support levels, a short-term recovery may happen. However, further drops could cause more losses in the coming days. XRP’s recent price action points to a bearish outlook , as the token struggles to regain lost ground. The price initially climbed to $2.30 but met strong resistance, resulting in a sharp decline. It then stabilized within the $2.12 to $2.25 range, showing market uncertainty. The psychological level of $2.20 played a major role in temporary price stabilization, but buying pressure is still weak. Key resistance levels include $2.30, which acted as the recent peak before the decline, followed by $2.27 and $2.25, where the price attempted recovery but failed. Related: XRP Price Breakout? Analyst Pinpoints Level for Potential Rally On the downside, strong support is seen at $2.12, the lowest recorded point in recent trading, with additional support levels at $2.15-$2.18, where temporary stability emerged. If XRP remains above $2.20, it could make another attempt to break through resistance levels. However, a drop below $2.12 may lead to a test of lower levels, potentially hitting $2.10 or worse. Technical indicators confirm this bearish trend , with the RSI currently at 35.68, getting close to oversold territory. This suggests that if buying pressure increases, a potential rebound may occur. However, as long as market sentiment remains weak, recovery chances will be limited. The MACD line at -0.04036 is below the signal line at -0.06149, confirming bearish momentum. The histogram reflects weak buying activity, signaling continued downside risk unless market conditions shift. Coincodex market projections suggest a potential 5.64% growth in February 2025, bringing XRP’s average price to $2.36. Related: XRP Weekend Price Alert: Will $3 Resistance Break This Time? The expected price range for the month is between $2.28 and $2.49, offering a possible return of 11.64% from current levels. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Haedal to enable Walrus LST for enhanced Sui staking Haedal, a Sui-based liquidity staking protocol, announced via X that it will soon support the Walrus Liquid Staking Token (LST), enhancing liquid staking for Walrus Protocol. This integration utilizes Haedal’s infrastructure to improve decentralized storage and staking for Sui $SUI users.

Mint unveils tokenomics of its native token $MINT Ethereum $ETH layer-2 network Mint has shared via X the tokenomics of its native token, MINT. MINT is designed with an initial supply of 1 billion tokens, of which 50% is allocated to the MintDAO, 20% to early contributors, 18% to the MintCore team and 12% to the community airdrop.