The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, regarding the approval of spot Ethereum ETFs. This comes after these firms successfully launched spot Bitcoin ETFs in January, marking a significant milestone after years of regulatory struggles. The
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Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
The US spot Bitcoin ETFs are showing signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a recent uptick in activity that began on Tuesday. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days, signaling a potential cooling off
The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. This stage of the lawsuit is typically where a resolution is expected, but the timeline for the conclusion remains uncertain. Recent developments have unfolded as of June 27th, shedding light on the progress of the
SEC Chair Gary Gensler recently spoke at the Bloomberg Investment Summit, expressing confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for when this approval might happen, he did mention that the process is currently focused on asset managers. Gensler emphasized the importance of asset managers making
Bitcoin whales are discreetly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock has revealed a notable increase in net inflows to the largest wallets, signaling a shift in accumulation patterns. Holders with substantial control over the total Bitcoin supply have boosted their holdings by a significant
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a topic of much speculation since it began in 2020. With the trial currently underway, the outcome remains uncertain, leaving investors wondering about the future of XRP and its legal status. The court’s main focus is to determine whether XRP
The price of Bitcoin (BTC) has continued its downtrend, dropping to new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to hit a new local low of $58,500. This downward trend has been sustained as outflows from the U.S. spot Bitcoin exchange-traded fund
Bitcoin has experienced a significant price drop in recent days, falling from the $70K level and approaching a critical support level. The downward trend has been evident on the daily timeframe since the beginning of June, following a rejection from the $72K zone. As the price nears the pivotal $60K support level, there is speculation
Stablecoins have been making waves in the financial world, with Token Terminal data indicating a massive surge in monthly transfer volumes. From a mere $100 billion in October 2020, the volume has skyrocketed to over $1.68 trillion in April, marking a significant 16-fold increase. The data also highlights the growing relevance of stablecoins in revolutionizing