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
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Recent events have shed light on the decline in Bitcoin’s price, with major sell-offs taking place, primarily instigated by governments such as Germany and the US. The German government’s sale of 2,786 BTC, valued at $140 million, and the US government’s transfer of 3,940 BTC to the Coinbase exchange, worth $241.22 million, have significantly impacted
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
The recent settlement between Abra and CEO William “Bill” Barhydt with 25 US state regulators for providing crypto trading services without proper licenses has brought attention to the importance of regulatory compliance in the cryptocurrency industry. The Conference of State Bank Supervisors (CSBS) announced the terms of the settlement on June 26, highlighting the agreement
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
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
Spot Bitcoin ETFs have recently experienced a concerning trend of outflows for seven consecutive days. These outflows have been averaging around $100 million daily, totaling to approximately $1.2 billion pulled out from the funds so far. This decline has been closely linked to the drop in the Bitcoin price, indicating a possible correlation between institutional
Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
The anticipation for the launch of new spot Ethereum ETFs among asset managers is at an all-time high, contingent on approval from the US Securities and Exchange Commission (SEC). This development is poised to have a significant impact on the cryptocurrency market, with Bitwise Chief Investment Officer (CIO) Matt Hougan expressing optimism about the potential
Scott Matherson is a notable figure in the cryptocurrency world, recognized for his ability to explain complex topics in a clear and engaging manner. With a background in industries such as banking and investment, Scott brings a wealth of experience to his writing in the crypto space. His in-depth knowledge allows him to break down