Asset management firm 21Shares filed an S-1 with the SEC for a Polkadot ETF. The company plans to list shares on the Cboe BZX Exchange. 

The proposed 21Shares Polkadot Trust will mirror its current Polkadot Trust.

Polkadot Joins the Altcoin ETF Race

 The 21Shares Polkadot ETF will track DOT prices using the CME CF Polkadot-Dollar Reference Rate. According to the filing, Coinbase Custody will hold the assets.

The fund will follow a passive investment strategy. It will avoid leverage, derivatives, and active trading. Notably, Polkadot’s price hasn’t reacted at all to this announcement. DOT remains down by 10% in January.

“The market will decide where value lies and if there’s value in launching such a product. If no one puts money into a Polkadot ETF – it will close. People are free to launch whatever ETFs are deemed to be allowed by the SEC,” wrote analyst James Seyffart.

This filing comes after Tuttle Capital Management proposed a 2x leveraged Polkadot ETF earlier this week as part of a package of 10 leveraged crypto ETFs. 

However, ETF analyst Eric Balchunas confirmed that Tuttle Capital withdrew its filing for all 2x leveraged ETFs. 

Since Gary Gensler left his position earlier this month, the SEC has received a wave of altcoin ETF applications. Earlier today, Grayscale launched a Dogecoin Trust. The trust offers investors exposure to DOGE with a 2.5% management fee amid rising demand. 

Within hours, Grayscale converted the trust filing into an ETF application. This was likely the first time a trust was turned into an ETF on the same day. 

“Man, the jockeying is intense. I’ve never heard of a trust launching and then looking to convert to ETF the same day. But they may now be in pole position in 19b-4 race. Also, we now up to four Doge ETF filings (including 2x). Gensler has only been gone for like two weeks,” wrote Eric Balchunas. 

Grayscale also submitted ETF applications for XRP, Litecoin, and Solana. The firm recently launched a Bitcoin Miners ETF. The fund offers exposure to Bitcoin-linked companies without investing directly in cryptocurrency. It appeals to traditional investors.

SEC Likely to Wait for Paul Atkins

Along with the Polkadot ETF filing, 21Shares has a pending XRP ETF application with the SEC. Approval of an XRP ETF appears likely, but the SEC may delay further altcoin ETFs under the temporary leadership. 

Currently, Mark Uyeda leads the SEC on an interim basis. Paul Atkins, President Trump’s nominee, is still waiting for the congressional process to become the permanent chair.

However, when the SEC approves another altcoin fund, Litecoin may be the first. The commission has acknowledged Canary Capital’s Litecoin ETF application. 

It also helps that Litecoin is already classified as a non-security because it’s a fork of Bitcoin.

T3 FCU, a group consisting of Tron, Tether, and TRM Labs, helped Spanish authorities freeze $26.4 million used in a crypto money laundering operation.

Although law enforcement did not mention any arrests in this case, this collaboration still managed to expose and financially hamstring a major international crime ring.

T3 FCU Strikes Back at Crypto Crime

In recent months, the T3 Financial Crimes Unit (FCU) has become a popular name in crypto security. The unit has been actively taking on several high-profile cases. The group formed last September out of an alliance of Tron, Tether, and TRM Labs, and it froze a $100 million money laundering operation this month.

According to a new report, the group helped Spanish authorities bust a similar ring this week.

“This [criminal] organization moved millions across borders, using both cash and crypto to help criminal groups launder their profits. Working with T3 FCU, we were able to freeze more than $26.4 million in assets. This partnership gives law enforcement powerful new capabilities in our fight against organized crime,” a Guardia Civil spokesperson said.

This criminal group operated in several European nations, but the public-private partnership between Spanish law enforcement and T3 FCU successfully tracked its operations.

TRM Labs is a major blockchain intelligence platform, consistently tracking large crypto crimes and advising various law enforcement agencies. As a part of the T3 Unit, TRM Labs likely provides the critical intel laundered crypto assets to Tether and Tron.

In recent months, Tether has actively ramped up anti-money laundering efforts. The stablecoin giant has coordinated with several major law enforcement agencies to show compliance with AML policies.

Tether has tracked and frozen several major crypto scams well before T3 FCU was established. In the press release, CEO Paolo Ardoino stated that Tether was especially committed to financial integrity because USDT is such an integral part of the global crypto trade.

“If you’re using USDT on TRON for crime, you will be caught,” said Tron founder Justin Sun earlier this month.

Although Tron is one of the most popular networks, its inclusion in the T3 Unit does seem questionable. Its founder, Justin Sun, faced SEC charges in 2023, and several failed projects have severely damaged the firm’s reputation.

Nevertheless, Sun claimed that TRON’s transparency “makes it harder, not easier, to launder money,” and showed strong commitment to T3’s crime-fighting initiative.

In any event, this episode was another win for T3 FCU. Spanish authorities handled traditional police surveillance techniques, while the crypto firms searched through blockchain data alongside VASP and KYC records.

JasmyCoin (JASMY) price has risen 14% in the last seven days, and its market cap is approaching $1.6 billion. The recent rally has been fueled by multiple golden crosses, signaling strong bullish momentum, while the Ichimoku Cloud setup remains positive.

However, BBTrend has turned negative, suggesting that selling pressure could increase in the near term. Whether JASMY continues its surge or faces a pullback will depend on how it reacts to key resistance and support levels in the coming days.

JASMY BBTrend Is Now Negative, Down From 6.37 Yesterday

JASMY BBTrend is currently at -4.36, dropping sharply from 6.37 just a day ago.

This rapid decline indicates a significant shift in momentum, suggesting that bearish pressure has increased over the past few hours.

BBTrend is a trend strength indicator derived from Bollinger Bands, which measures price momentum relative to its volatility range. A positive BBTrend indicates bullish momentum, while a negative reading suggests increasing bearish pressure.

With JASMY BBTrend turning more negative, it signals that sellers are gaining control, which could lead to further price declines unless buying pressure increases.

JASMY Ichimoku Cloud Shows a Bullish Setup

The Ichimoku Cloud chart for JASMY shows a strong bullish breakout, with the price moving well above the cloud (Kumo). The Tenkan-sen (blue line) is also above the Kijun-sen (red line), reinforcing short-term bullish momentum.

The Chikou Span (green lagging line) is far above the past price action, confirming that the trend has strong upside pressure. However, the future cloud is still red, meaning that some resistance could emerge if price retraces.

Despite this strong move, the price has now consolidated after its breakout, and the Tenkan-sen has been acting as short-term support. If the price remains above the cloud, the bullish trend could continue, but a move back into the cloud might indicate a period of consolidation or weakening momentum.

The cloud ahead is turning green, suggesting that if buyers maintain control, the trend could stay intact. The next few candles will be crucial in determining whether JASMY continues its upward trajectory or faces a correction.

JASMY Price Prediction: Will the Surge Continue?

JASMY chart shows its EMA lines formed multiple golden crosses in the last few days, signaling strong bullish momentum. Another golden cross could form soon, which may push JASMY toward its next resistance at $0.036.

If that level is broken, further upside could take JASMY to $0.041, reinforcing its bullish trend, especially if the narrative around DePIN recovers a good momentum.

However, BBTrend suggests that the trend could be at risk of reversing. If selling pressure increases, the altcoin could test the support at $0.031, and if that level fails, a drop to $0.029 could follow.

A stronger downtrend could push the price as low as $0.025, making the next moves critical for determining whether the bullish trend can continue.