Grayscale, a crypto investment manager, has won a significant victory over the Securities and Exchange Commission (SEC) in the United States Court of Appeals for the District of Columbia Circuit. The court revoked the SEC’s order to turn the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF.Crypto stakeholders had predicted Grayscale’s victory before it […]
Crypto analyst Benjamin Cowen has warned that Bitcoin (BTC) could experience a major market correction in September. Cowen, who has 762,500 followers on the social media platform X, believes that Bitcoin could drop by more than 16% from its current value.Cowen shared a chart that shows September is the most bearish month for Bitcoin in […]
Ripple’s legal team, including the Chief Legal Officer, CEO, and other experts, have voiced their skepticism about the SEC’s uniformity and regulatory clarity in the cryptocurrency space. This follows Grayscale Investments’ success in their legal battle against the U.S. Securities and Exchange Commission (SEC).John Deaton, a prominent lawyer supporting XRP, mockingly commented on the SEC […]
The crypto futures market has seen a large amount of liquidations on Wednesday as Bitcoin has registered a sharp surge. Data shows that liquidations totaled at $170 million during the past 24 hours. This surge was likely due to news that Grayscale had won a lawsuit against the United States Securities and Exchange Commission (SEC), […]
Bloomberg Intelligence analyst Mike McGlone believes that the approval of the first Bitcoin spot ETF in the United States is “inevitable”, but the Federal Reserve could still be a bearish influence. McGlone noted that the Fed is still tightening despite the tilt towards economic contraction, which could lead to further downside pressure for both Bitcoin […]
Shiba Inu’s Shibarium network has seen an impressive growth in the past 24 hours, with the number of addresses increasing from 100,000 to 300,000. This threefold expansion has been accompanied by a surge in transaction activity, with 520,000 transactions being processed in a few days. Node validators have executed 370,000 blocks in the same period, […]
The Securities and Exchange Commission (SEC) is considering its next steps in regards to the Bitcoin Exchange Traded Fund (ETF) applications. Analysts have suggested that the SEC may delay the applications before making a decision.The Bitcoin ETF has been a topic of discussion for some time now, with many investors hoping that the SEC will […]
Circle, a stablecoin company, has announced a new partnership with Mercado Pago, the largest fintech company in the Latin American region. This payment platform is a subsidiary of retail giant Mercado Libre, which has 200 million users. Mercado Pago will offer Circle-issued USDC as a payment option to its Chilean customers. USDC is a stablecoin […]
The US Securities and Exchange Commission (SEC) is facing increasing pressure to approve the first Bitcoin spot ETF for the US market. Bloomberg ETF analysts Eric Balchunas and James Seyffart have increased their odds of approval from 65% to 75% this year.The SEC has suffered a double loss after Grayscale Investments’ win in a review […]
Kinetix Finance, a venture launched by core contributors of Quickswap, has unveiled its new Perpetual Market on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Perpetual Market offers users leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt, while ensuring utmost transparency and security.At the heart of Kinetix’s […]
