The delay in the expected full approval of Ethereum ETF applications by the Securities and Exchange Commission (SEC) has caused a setback for Ethereum (ETH) price, which dropped back to the $3,400 support level after briefly surpassing the $3,500 mark. Analysts had initially anticipated approval by July 2, but the SEC has requested issuers to
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Tom Lee, the head of research at Fundstrat, has once again made a bold prediction regarding the future of Bitcoin. He strongly believes that the pioneer cryptocurrency will surge to an impressive $150,000, despite recent bearish trends in the market. Lee’s unwavering optimism in Bitcoin’s potential has caught the attention of many investors and analysts
Galaxy Digital CEO Mike Novogratz has expressed optimism regarding the regulatory environment for cryptocurrencies in the United States, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support, stating that it is crucial for the advancement of the crypto sector. According to Novogratz, having both parties backing innovation in
SBI Holdings, a renowned financial services company based in Tokyo, Japan, has recently unveiled an exciting new initiative in partnership with Ripple. The company has introduced an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This groundbreaking project, known as the ‘EXPO 2025 Digital Wallet,’ aims to enhance the Expo
Recent discussions surrounding the registration process for token-based companies have brought to light the inadequacy of the current Form S-1 requirements. Billionaire investor Mark Cuban and SEC Commissioner Mark Uyeda have shed light on the challenges faced by crypto issuers, urging the SEC to consider modifications to accommodate the unique characteristics of these companies. Form
Bitcoin’s price has experienced a 15% decrease since reaching its all-time high of over $73,500 in mid-March. Despite this dip, there are indications that the bullish trend may not be coming to an end just yet. One key metric to consider is the Fear and Greed Index, which provides insight into investor sentiment. A reading
Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). In a statement released on July 1st, the company expressed its readiness to proceed with the case after the Court’s decision to allow the SEC’s allegations
Arthur Hayes, the co-founder of BitMEX, recently shared his insights in an essay titled “Zoom Out,” delving into historical economic cycles from the 1930s to the 1970s and their relevance to today’s financial landscape. Hayes highlights the importance of understanding these cycles to predict the potential revival of the Bitcoin and crypto bull run. He
As we approach the mid-year mark of 2024, it is evident that Bitcoin and Ethereum have emerged as the top-performing assets in the financial market. Surpassing traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds, these cryptocurrencies have shown impressive growth and profitability. Matrixport highlighted in a recent
Bitcoin’s price has been fluctuating recently, facing challenges to break through resistance levels after dipping below $60,000. Despite briefly holding above $61,000, bearish sentiment seems to be prevailing in the market. One crypto analyst, Alan Santana, has made a pessimistic forecast, suggesting that the Bitcoin crash may not be over yet. According to Santana’s analysis