Steve McClurg, co-founder and chief investment officer of Valkyrie Funds, has suggested the potential approval of Ethereum or XRP exchange-traded funds (ETFs) following the expected launch of spot Bitcoin ETFs in a recent Bloomberg interview. The prediction comes from the U.S. Securities and Exchange Commission (SEC), which is reportedly likely to approve Valkyrie’s Bitcoin ETF,...Read More
Ripple, the company behind the popular cryptocurrency XRP, is planning a $285 million share buyback from its earliest investors and employees, according to a Wednesday report from Reuters. The tender offer would value the company at $11.3 billion, and only allow investors to sell up to 6% of their stake, anonymous sources told the media...Read More
Market research boutique Fundstrat envisions Bitcoin (BTC) reaching $500,000 per coin within the next five years – in large part due to expected Bitcoin spot ETF approvals. “I think in five years, something around half a million would be potentially achievable,” said Fundstrat’s Tom Lee in an interview with CNBC on Wednesday. How Meaningful Is...Read More
The Chicago Board Options Exchange (CBOE) has announced its approval for the listing of the Invesco Galaxy Bitcoin ETF (BTCO) on its platform. The ETF, which is sponsored by Invesco, will provide investors with exposure to bitcoin through a traditional investment vehicle. The news is confirmed by Fox journalist Eleanor Terret on X (Twitter). The...Read More
Several firms have recently reduced their proposed fees, as revealed in the latest versions of their S-1 forms submitted to the U.S. Securities and Exchange Commission. This is in response to the ongoing industry competition, amplified by the anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs. Spot Bitcoin ETF...Read More
The fake news originating from a compromised X (formerly Twitter) handle triggered significant volatility within the Bitcoin market, and the drama was even more bizarre than expected, according to Greeks.live, a popular crypto options trading platform. The sharp volatility resulted in a substantial increase in RV, while IV experienced a slight decrease. Leverage Unwinding The...Read More
Cathie Wood’s ARK’s spot Bitcoin ETF is one of the many proposals put forward for the US Securities and Exchange Commission (SEC). Dubbed ARK 21Shares, the product was developed in collaboration with Swiss firm 21Shares, which offers crypto exchange-traded products. Ark21’s Deadline Raises Confidence in ETF Announcement Tonight An update from QCP Capital indicates a high...Read More
At this point, spot Bitcoin ETF approvals are a foregone conclusion. It is not a matter of if but when the SEC will finally greenlight them; at least, this is what most experts believe. It could be any day now, Investors Business Daily reported Tuesday: “Regulatory approval of spot bitcoin ETFs is likely in the...Read More
[PRESS RELEASE – Kingstown, St Vincent and the Grenadines, January 10th, 2024] MNT, the proprietary token of Minutes Network is a groundbreaking initiative that democratises the international minutes market and converts Minutes Network’s net revenues into MNTs and distributes them to network participants as rewards. Rewarding Mintech, Stakers, and Users. Three specific groups are rewarded...Read More
On Jan. 9, the agency’s X account was compromised, and an announcement was made that spot Bitcoin ETFs have been approved. On Jan. 10, X Support confirmed that the account was hacked, stating: “We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation.” It added that there was no...Read More
The debut week of 2024 marked a promising start for digital asset investment products, reaching inflows of $151 million in assets. This brought the total inflows since the Grayscale vs. SEC lawsuit to $2.3 billion, constituting 4.4% of all assets under management (AuM), as per prominent asset manager CoinShares. Spot Bitcoin ETF Not ‘Buy The...Read More
The cryptocurrency market has been a hotbed of activity and excitement in recent years, with numerous digital assets making headlines for their meteoric rises in value. Two such cryptocurrencies that have garnered significant attention are Retik Finance (RETIK) and Solana (SOL). Both have shown immense promise and have left investors wondering if they can reach...Read More
Fox Reporter Eleanor Terrett has recently highlighted a significant procedural aspect of the U.S. Securities and Exchange Commission (SEC) that could influence the fate of the much-anticipated spot Bitcoin Exchange-Traded Fund (ETF) approval. According to Terrett’s January 9th tweet, even though there is no scheduled commission vote on the Bitcoin ETF, each of the five...Read More
A new report by Kaiko reveals that the liquidity for privacy tokens has plummeted to an all-time low of just $5 million. This drop follows the delisting of several trading pairs by OKX for not meeting certain criteria. Regulatory Challenges Behind Delisting Regulatory pressures have particularly impacted tokens like Monero (XMR) and Zcash (ZEC), pushing...Read More
Over $218 million in crypto trades have been liquidated in the past 24 hours after a fake government announcement claiming that Bitcoin spot ETFs have already been approved in the U.S. According to Coinglass, over $56 million in Bitcoin trades have been liquidated in the past hour alone.Over 72,000 traders were affected, with the largest...Read More
The Securities and Exchange Commission (SEC) announced on Tuesday that it has approved for Bitcoin ETFs to be listed on all national securities exchanges in the United States. However, a later post from SEC chairman Gary Gensler clarified that the announcement was fake. In an SEC post to X, the agency claimed that approvals had...Read More
Jay Claton, the former chairman of the United States Securities and Exchange Commission (SEC), believes the agency’s approval of a spot Bitcoin exchange-traded fund (ETF) is inevitable. During an interview with CNBC, Clayton said nothing is left for the SEC to decide as the regulator is comfortable with the disclosures from ETFs’ applicants. “I think...Read More
Earlier this month, Bitcoin’s USD value witnessed a rapid decline from $45,400 to $40,400 in a matter of hours. Despite a quick rebound, this downturn triggered the third-highest volume of long liquidations since the bear market reached its lowest point in November 2022. However, IntoTheBlock’s analysis reveals a noteworthy trend in the market, indicating a...Read More
The crypto industry has displayed a positive uptrend by adding over 7% to its valuation over the past day. Further, the Algorand price has displayed a jump of over 7% within the past day but has lost over 19% over the past week. The ALGO price traded in a consolidated range between $0.1823 and $0.2080...Read More
90% of Bitcoin addresses are in profit even as the crypto asset is over 31% down from its all-time high. IntoTheBlock’s analysis reveals a significant milestone for Bitcoin as it surged past the $46,000 mark, pushing more than 90% of all BTC addresses into a profitable zone. 90% of Bitcoin Addresses in Profit According to...Read More
[PRESS RELEASE – Silicon Valley, California, USA, January 9th, 2024] Today, On-Chain™ Index Ventures, a pioneer in blockchain-native digital asset management, announces the launch of its groundbreaking investment platform. This innovative platform is designed to meet the evolving needs of asset managers, hedge fund managers, and family offices. The company stands out as the only...Read More
Those closely monitoring the ongoing developments in the spot Bitcoin ETF saga are likely aware the stakes have never been higher. Experts are now emphasizing potential scenarios and recommended responses in the event of an approval. Increasing the cash portion of the investor portfolio and preparing for volatility could be the right way to go....Read More
Following a remarkable climb in 2023, Cardano (ADA) has experienced a downward trajectory for the past few weeks, deviating from the prevailing bullish market sentiment. As a result, ADA has registered a monthly loss of nearly 20%, leading to a reduction in its yearly gains to just over 61%. Priced at $0.522, experts suggest that...Read More
[PRESS RELEASE – London, UK, January 9th, 2024] Having surpassed $3 million raised in 3 months, the Memeinator presale is progressing at a blistering pace, with everything on track for the project plans in Q1. Currently priced at $0.0176 in stage 11 of its presale, there are only 4% of tokens left at this price...Read More
The crypto market witnessed one of its largest liquidations on January 3, 2024, as BTC plunged over concerns that the United States Securities and Exchange Commission (SEC) would reject all applications for spot Bitcoin exchange-traded funds (ETFs). A report by cryptocurrency exchange Bitfinex revealed that BTC’s fall triggered the largest wave of liquidations since August...Read More
Open Campus is all set to focus much on educational startups as it commits to funding $10 million for 100 startups. On Monday, 9th January 2024, Open Campus reportedly announced to the media that Open Campus Accelerator [OC-X] is ensuring 100 educational startups are brought on board, which will further complement Open Campus ID and...Read More
Bitcoin pioneer Samson Mow is confident that the price for one BTC will reach a million dollars in the future. However, he also thinks that if this happens sooner rather than later, it will cause “max pain” for some people. “Bitcoin has a way of doing what we least expect and in the most disruptive...Read More
CoinsPaid, a payment processor offering solutions to bridge the gap between companies that generally operate within the traditional finance system and customers who wish to pay in crypto, has suffered its second major security breach within the past half year. According to its website, over a million transactions with a total value of approximately 7...Read More
British multinational bank Standard Chartered projects Bitcoin (BTC) to reach $200,000 by the end of 2025 – more than a 300% climb from where it trades today. The bank argued in a Monday research note that Bitcoin spot ETFs – which are expected to receive “imminent” approval – may absorb $50 billion to $100 billion...Read More
BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3% of its global workforce, will result in approximately 600 employees leaving the company. BlackRock to Implement Routine Layoffs The layoffs are being internally described as routine, aligning with BlackRock’s previous practices....Read More
