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SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’
NFT Gaming

SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’

by admin September 29, 2025



The U.S. Securities and Exchange Commission (SEC) has asked crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, paving the way for a faster approval process after new rules removed a key regulatory hurdle, a person familiar with the matter told CoinDesk.

Earlier this month, the SEC signed off on generic listing standards, which allow exchanges to list commodity-based exchange-traded products (ETPs), including those tied to cryptocurrencies, without requiring a separate review for each one. These changes are expected to lower the regulatory hurdles for launching spot crypto ETFs.

Historically, issuers had to work with exchanges to submit 19b-4 filings — formal requests to amend exchange rules — before an ETF could be listed. But under the updated framework, that step is no longer required for certain products. Issuers now only need to file an S-1, the document that details an ETF’s structure and strategy, to receive the SEC’s green light.

“The SEC can move absurdly fast if they really want to — as we’ve seen in the past. Meaning that we could see approvals in a matter of days. But there’s no guarantee of that,” said Bloomberg Intelligence ETF analyst James Seyffart.

“They still haven’t greenlit Bitwise’s BITW to convert into an ETF which I’m guessing has to do with the first to file aspect that the SEC typically follows for the rest of the ETF industry. So perhaps they’ll will allow these things to launch in sorts of rolling waves or it could be a shotgun start by underlying asset.”

Over the past several months, asset managers have filed a growing list of spot crypto ETF proposals covering coins like SOL$209.81, LTC$105.93 and DOGE$0.2331. These proposals included both 19b-4 and S-1 filings, reflecting the two-part process required under the old rules.

Removing the need for 19b-4 forms could significantly speed up approvals. The 19b-4 route involved exchanges, such as Nasdaq or NYSE Arca, petitioning the SEC to change their own listing standards each time a new product was introduced — a process that often took months.

Now, with the SEC’s updated stance, exchanges can list crypto-based ETFs that fall within the generic commodity ETP category without having to seek a rule change every time. This places the approval burden squarely on the S-1 filing, which remains under the SEC’s direct review.

While it’s unclear how quickly the SEC will move on the outstanding S-1s, the change marks a shift in the agency’s approach to crypto markets — potentially opening the door for a wider range of digital asset funds to come to market with fewer regulatory delays.

“Everything is uncertain. Add in the prospect of a government shutdown and things can get really wonky,” Seyffart said.



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September 29, 2025 0 comments
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Charles Hoskinson Slams Cointelegraph, Urges Crypto Projects to Pull Ads
GameFi Guides

Charles Hoskinson Slams Cointelegraph, Urges Crypto Projects to Pull Ads

by admin September 28, 2025


Input Output Global CEO Charles Hoskinson has taken to X to lambast crypto news outlet Cointelegraph, accusing it of defamation at the highest level.”

Hoskinson claims that Jon Rice, the editor-in-chief at Cointelegraph, is refusing to retract the story about IOG’s involvement in the alleged theft of $600 million worth of ADA vouchers. 

The Cardano founder claims that Cointelegraph is preparing a story about how it is being pressured by IOG. However, Hoskinson insists that requiring “basic journalistic integrity” does not qualify as pressure. 

Hoskinson has advised other cryptocurrency projects to pull ads from Cointelegraph and refuse to attend their events in order not to legitimize them. 

ADA voucher controversy, explained 

In early May, non-fungible token (NFT) artist Masato Alexander sparked a significant controversy by alleging that Hoskinson used his genesis key to rewrite the Cardano ledger and misappropriate roughly $600 million worth of ADA tokens. Alexander described this as “one of the biggest reorgs in blockchain history.” However, Hoskinson insisted that the overwhelming majority of vouchers were actually redeemed by ICO participants.  

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Cointelegraph covered the controversy back in May, focusing on Alexander’s allegations and Hoskinson’s subsequent reaction.  

However, as reported by U.Today, an independent forensic audit, which has involved law firm McDermott Will & Emery and accounting firm BDO, found that 99.7% of ADA vouchers were actually properly redeemed. The unclaimed tokens are used for funding ecosystem grants via Interspect, a Cardano governance body. 

After Hoskinson was exonerated by the audit, he is now demanding accountability from Cointelegraph after the outlet helped to amplify the voucher controversy. 



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September 28, 2025 0 comments
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DeFi
GameFi Guides

DeFi Community On Alert Following Hypervault’s $3.6 Million Suspected Rug Pull

by admin September 27, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Decentralized finance (DeFi) protocol HyperVault is suspected to have executed a “rug pull,” as on-chain analytics account PeckShield noted an abnormal outflow of funds from the protocol, worth close to $3.6 million. 

DeFi Protocol HyperVault Pulls The Rug

According to an X post by on-chain analytics account PeckShield, Hyperliquid-based DeFi protocol HyperVault appears to have pulled a quick one on its users, defrauding them of funds worth almost $3.6 million.

PeckShield noted that the stolen funds were bridged from Hyperliquid to Ethereum, swapped into ETH, and then 752 ETH were deposited into Tornado Cash. For the uninitiated, Tornado Cash is a popular crypto mixer that is typically used by hackers to erase their on-chain trail.

Notably, UPUMP tokens worth $191,494, USDC worth $107,358, WHYPE worth $1.55 million, and several other tokens were stolen from HyperVault. PeckShield noted that HyperVault have also deactivated all their socials – including the X handle – virtually confirming the rug pull.

To explain, a rug pull is a type of crypto scam where developers suddenly abandon a project and drain its funds, leaving investors with worthless tokens. It’s common in DeFi and NFT spaces, where anonymity and lack of regulation make quick exits easier.

HyperVault offered “unmanaged” auto-compounding vaults, strategy adapters, and keeper-bot harvests. These features helped users route their digital assets to lending, looping, and concentrated liquidity venues on HyperEVM.

Another X user HypingBull, commented, saying that they had been warning about HyperVault since September 4. In an X post, the user stated that the protocol’s developers lied to them about audits, adding:

I have just reached Pashov (blockchain audit firm) on Telegram, asking if Hypervaut is doing an audit via them. The answer was: “First time I hear the project with this name”. WTF? This is super suspicious. I am withdrawing all the funds from the protocol until the team clarifies what’s going on.

Unfortunately, users continued to deposit funds into the DeFi protocol, lured by the protocol’s promised 90% APR yields on HYPE tokens. However, the extraordinarily high-yield promises at the time did not raise the alarm among users.

That said, the HYPE token appears to be minimally impacted by this suspected rug pull, as it is trading at $42.89 at the time of writing, up 2.8% on the day. However, the token is down almost 25% over the past week.

Crypto Still The Wild West?

While the total crypto market cap now hovers over $3.8 trillion, the safety of users continues to be a major factor hindering the industry from mainstream adoption. For example, crypto phishing attacks recorded a significant surge in August 2025, impacting as many as 15,230 victims, resulting in a loss of $12 million in user funds.

Similarly, the THORChain Founder lost $1.35 million earlier this month after a deepfake Zoom and Telegram scam. At press time, Bitcoin (BTC) trades at $109,488, down 1.6% in the past 24 hours.

Bitcoin trades at $109,488 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 27, 2025 0 comments
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Helldivers 2 devs Arrowhead pull new Rupture Strain bugs offline for five weeks to fix their, er, bugs
Game Updates

Helldivers 2 devs Arrowhead pull new Rupture Strain bugs offline for five weeks to fix their, er, bugs

by admin September 20, 2025


Helldivers 2 developers Arrowhead have opted to pull a recently deployed variant of the shooter’s Terminid bugs offline for five weeks, in order to fix issues with them. Yep, for now you can dive onto planets like Oshaune and explore some Into the Unjust update caves without having to worry about burrowing bugs jumping out to mercilessly kick your bottom.

Rupture Warriors have been the main source of Rupture Strain ire since their arrival at the start of this month, as their ability to pop out of the Earth and instantly murder unsuspecting troops has proven tough to counter. At first, those hosting sessions were most at risk of dying like this, but Arrowhead’s attempt to rectify the issue in Tuesday’s patch seemingly put everyone in each party in an equal amount of danger, though some players did dispute this was the case.

Fast forward to now, and the studio have decided the best option is to sub the Rupture Strain out for a little while, until they can return in a more palatable form. “Our patch yesterday combined with other issues regarding the balance of the Rupture Strain have made them function in a way we did not intend,” Arrowhead community manager Katherine ‘Baskinator’ Baskin announced on the game’s Discord server. “We’re going to take the Rupture Strain offline…No other units will be affected. The improved Rupture Strain will be back online in 5 weeks.”

So, there you go, as of 5PM BST on September 17th, the Rupture Strain’s been put back in its box, and will stay there for just over a month while the devs try to persuade those warriors to give folks with machine guns and bombs a fair chance.

A comment an Arrowhead QA lead going by Jojo made in the Discord a couple of days ago sheds a bit more light as to what’s happened since the patch arrived and the Rupture Warriors started mercilessly murdering everyone, rather than just session hosts. Apparently the host focusing quirk was down to a “networking issue” that Arrowhead opted to rectify.

“That is a lot more straightforward to fix then tweaking the attacks and was causing some networking issues,” the developer explained. “So it’s unfortunate that the fix means more people are getting hit by an arguably unfair attack, but it was a needed fix. We are looking into how the rupture enemies have landed but thats a broader issue.”

That look’s clearly convinced the studio that this pulling of the enemies offline is the best course of action, so here’s hoping that when they come back online, the issue of their overtuned attacks making them very unpopular to play against will have been taken care of for the long-term.

Bugged bugs aren’t the only problem Arrowhead have had to grapple with after deploying Into the Unjust, with the days following its arrival plagued by technical gremlins that, to be fair, the studio were quick to say they’d try to sort, even if they weren’t keen on doing a patch that only featured performance tweaks.



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September 20, 2025 0 comments
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Valor Mortis is more Dishonored than Dark Souls, but if anyone can pull off a hard-as-nails hybrid, it's the Ghostrunner devs
Game Reviews

Valor Mortis is more Dishonored than Dark Souls, but if anyone can pull off a hard-as-nails hybrid, it’s the Ghostrunner devs

by admin September 4, 2025


Here’s a bit of inside baseball: Gamescom is a busy show. More often than not, you’re booked back-to-back for hours on end, zipping from one appointment to the next in a flurry of interviews, previews, and meetings. I pack my schedule so tight I don’t stop for lunch, and playing just 30 minutes of a game at a time can spin you out a bit and make everything sort of blur into one. With all that in mind, I still couldn’t tear myself away from Valor Mortis – the hardcore first-person RPG from the Ghostrunner devs – when it was my final appointment of the day. I stayed at the demo station until I beat the boss. That, in an environment like Gamescom, is high praise indeed.

You awake in a mass grave with your sabre, a pistol, and magic powers infused into your palm a la Bioshock or Dishonored. From there, you have one task: survive. As much as I’m reticent to use the term ‘Soulslike’, you can’t hide from some of the genre trappings: you drop your currency on your gravesite when you die, you have a limited number of health recovery items you need to ration out, attacks come in light and heavy flavours, there’s a dedicated dodge button, and the bosses are sturdy bastards that have multiple health bars. Combat is crunchy and brutal, and if you want to come out on top, you’re probably going to have to learn how to parry effectively.


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But the Dark Souls comparison feels off. Aside from the most obvious thing – this is first-person, not third – the flow of combat feels more important here. Valor Mortis isn’t as much of an ‘immersive sim’ as Dishonored, but the perspective does a lot to evoke Arkane’s influential Bethesda debut. Maybe it’s in the spells you can bind to your right hand, maybe it’s in the dashing, jumping, and blade-plunging you can do that makes you feel more acrobatic than any Hunter or Chosen Undead in From’s catalogue, but Valor Mortis, for my money, is a game that rewards speed and aggression more than holding up a shield and ‘rolling around the big guy’.

The beating heart of Ghostrunner is still very much alive inside this ‘imsim’/Soulslike hybrid; it’s clear the game wants you to be deft and svelte as you tear through the muddy trenches of the Napoleonic frontline. You can see this focus on agility even in some of the mechanical choices that One More Level makes – blocking still causes you to take some damage, so parrying is the game’s preferred method of responding to threats. Some attacks are unblockable or can’t be parried, so dodging and then countering is prioritised. To be uncharitable, you could say it’s all one violent, trumped-up version of ‘rock, paper, scissors’, but that’s fine, because it all feels so damn good.

Not-so-standard bearer. | Image credit: One More Level

If there’s one standout thing about the Ghostrunner games, it’s the feel of GR-74 in your hands: the 74th Ghostrunner feels both dangerous and fairly fragile, making you a glass cannon blasting through the Dharma Tower. It’s a samurai/ninja fantasy, after all. Your avatar here, in 19th Century Europe, is William: more hardy than a cyborg ninja, but still just some guy when all’s said and done. Taking out possessed footsoldiers and mutated dogs in the blasted trenches is easy enough; learn to respond to their telegraphed attacks and how you can outrun them, and they become naught but feckless drones. It’s the bosses where Valor Mortis is going to shine, though, and that’s why I stayed past my allotted appointment time at One More Level’s booth. I needed to kill one.

As you’d expect, the first phase is simple enough. Use your pistol to target weak points, eat away at the stamina bar, stagger the hulking goliath, and dive in for a ‘poise attack’ that deals stupendous damage. Rinse, repeat, onto phase two. By the end of my session, I was clearing the first phase without even touching my potions – nice! – but the second phase is where things started to get muddy.

On your head be it. | Image credit: One More Level

An eruption of Cronenberg body horror and some vague dialogue about ‘power’ later, General Lothaire – or The Eagle Bearer, to use his military moniker – turned into a grafted beast akin to Elden Ring’s Godrick: multiple arms, all wielding flintlocks, a huge flagstaff he could bonk you across the arena with, and the ability to recall dead souls from the battlefield to complicate matters. One hit with his cutlass or flag, and you’d be down past half health. Oh crap. My offensive tactics from the first half of the battle became far more defensive, and I was on the back foot. Suddenly, I became keenly aware that I too had a stamina bar, and more often than not it was running on empty. Scrambling to find the right moments to gauge my attacks and respond to his onslaught was the name of the game here. It took me a good 10 deaths, but eventually I ripped the monster’s bones apart. Phew.

But my 30-minute slot was over. It had been for a while. Luckily, it was the end of the day and the only thing I was late for was a glass of kolsch and some aggressively-mid pork knuckle. But that desire – that need – to overcome this boss is emblematic of how Soulslike sickos will feel about this game when playing at home: it’s compelling, gratifying, and it will get its hooks into your brain and make you think ‘OK, I’m not putting this pad down until I’ve beaten this monster.’ One More Level, indeed.



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September 4, 2025 0 comments
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Decrypt logo
NFT Gaming

Cristiano Ronaldo Meme Coin Rumors Fuel $143 Million CR7 ‘Rug Pull’

by admin August 25, 2025



In brief

  • Rumors circulated the internet over the weekend that Cristiano Ronaldo was set to release an official meme coin.
  • As a result, several fake tokens were launched with one touching a $143 million market cap before crashing down 98% all within 15 minutes.
  • On-chain analysis firm Bubblemaps told Decrypt it was likely an organized effort from a group of crypto influencers.

A spree of fake tokens inspired by soccer icon Cristiano Ronaldo cropped up over the weekend, thanks to rumors he was about to release a meme coin. But they don’t appear to be more than rumors as Decrypt could not find any credible sources on the matter. 

One of the tokens reached a $143 million market cap before crashing 98%—all in just 15 minutes.

The CR7 token, based on the athlete’s nickname, appears to have been promoted by several influencers. But most of them have already deleted their posts. On-chain analyst firm Bubblemaps believes the fake meme coin was likely an organized group effort.

“It is likely that after Kanye West launched YZY, some influencers jumped onto the wave and claimed Cristiano Ronaldo would launch a token too, using their accounts,” pseudonymous Bubblemaps sleuth 0xToolman told Decrypt. “Then they launched an unendorsed token and posted the contract address, luring investors in, only to rug pull shortly after.”

Many of the rumors cling to Ronaldo’s partnership with Binance, which started in 2022 and has seen the release of four NFT collections. However, most fake tokens that launched were found on Solana, with at least five other seemingly fake CR7 meme coins launching on the network—all of which failed to break past a $1 million market capitalization.

It was only the influencer-pushed token that made any waves, soaring to a $143.18 million market cap in just six minutes. But the buzz was fleeting. The token crashed 98% over the next nine minutes, according to DEX Screener. The price drop came as a result of a series of quick sales by several addresses, Bubblemaps told Decrypt.

There have been no social media posts from Ronaldo regarding any plans for an official token, outside of the released Binance NFTs.

The launch follows Ye, formerly Kanye West, launching his own official token after half a year of speculation. YZY hit a $411.23 million market cap an hour after it was announced, per DEX Screener, before plummeting 74% to $105 million over the next 24 hours.

src=”https://linea.myriadprotocol.com/embed/market/will-the-los-angeles-dodgers-win-the-2025-mlb-world-series-bde77ba1-e9fa-4ec2-a2f6-609a789e7eea”
width=”100%”
height=”415px”
style=”border: 0;”

Since then, the YZY Money X account has started to claim that the project will be releasing a crypto payments processor as well as a debit card. The project’s account also teased that YZY and USDC payments would be accepted in the Yeezy digital clothing store. Despite this, the token has continued to sag to a $75 million market cap.

Ye had been flirting with the possibility of releasing a token for half a year, which spawned two meme coin communities that were adamant he would soon endorse their project. On YZY’s launch, the communities had to come to terms with the likelihood that their dream wouldn’t come to fruition.

“Yo WTF is going on? Are we still alive?” one user wrote in the token’s Telegram group. “They emotionally harvested us for six months. Bye,” responded.

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August 25, 2025 0 comments
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