Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. Analysts had initially anticipated approval by July
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Cardano (ADA) has shown a correlation with the broader market, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, ADA has now deviated from the struggles of Bitcoin (BTC) and Ethereum (ETH), exhibiting a 2% increase in the past 24 hours and over 12%
Galaxy Digital CEO Mike Novogratz believes that the future of the cryptocurrency sector in the US looks promising, regardless of the outcome of the 2024 presidential election. In a recent CNBC interview, Novogratz emphasized the importance of bipartisan support for crypto. He stated that it is crucial for both parties to back the industry to
SBI Holdings, a notable financial services company based in Tokyo, Japan, has recently joined forces with Ripple to introduce an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This partnership aims to leverage blockchain technology to enhance the digital experience for Expo attendees. The initiative is part of the larger
The call for modification of Form S-1 by billionaire investor Mark Cuban has brought to light the challenges that token-based companies face when trying to register with the US Securities and Exchange Commission (SEC). This move comes after SEC Commissioner Mark Uyeda highlighted the inadequacies of the current approach to crypto disclosure filings. Form S-1
Binance.US, the American arm of Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). The recent decision by the Court to allow the SEC’s case against Binance.US to proceed signals that the exchange is in for a tough legal fight. US District Judge Amy Berman
In the first half of 2024, Bitcoin and Ethereum have emerged as the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This surge in performance has caught the attention of investors and asset managers alike, who are now taking notice of the potential
Cryptocurrencies have been a topic of discussion and debate in financial circles for quite some time. Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” in which he delves deep into the historical economic patterns from the 1930s to the 1970s and draws compelling parallels to today’s financial landscape. His analysis
Silvergate Capital found itself in hot water when it settled with the SEC for $50 million, following demands from Federal Reserve governors and California financial regulators for an additional $63 million in fines. The allegations revolved around misleading investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including popular
The recent confirmation by VanEck Head of Digital Assets Research, Matthew Sigel, has shed light on the company’s Solana spot ETF proposal and its reliance on the outcome of the US presidential elections. With the deadline for VanEck’s application set for March 2025, the speculation is that the approval odds for the ETF are heavily