During the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the main focus now is on asset managers making full disclosure for registration statements to go effective. This signifies a positive outlook on the progress being made towards the approval of spot Ethereum
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Bitcoin, often hailed as the king of cryptocurrencies, is currently facing a critical juncture as it navigates volatile market conditions. The recent dip from its peak after breaking the $71,000 barrier has sparked mixed reactions among analysts, with some remaining bullish about its long-term prospects while others caution about potential headwinds ahead. One factor fueling
The lawsuit between Ripple Labs and the US Securities and Exchange Commission has been ongoing since 2020, with the trial phase currently in progress. The outcome of this legal battle is uncertain, leaving many wondering about the implications for XRP and its investors. If the lawsuit had never happened, how might the XRP price have
A recent development in the case of FTX, a cryptocurrency exchange that collapsed in November 2022, is the approval granted by a US bankruptcy court to solicit votes on a liquidation plan. This plan involves paying customer claims in cash, based on crypto prices at the time of FTX’s collapse. Despite objections from some customers
In the realm of blockchain gaming, the recent collaboration between Netmarble’s Marblex and Immutable has sparked excitement and innovation. At the core of this partnership lies Immutable’s zkEVM technology, a cutting-edge layer-2 Ethereum network designed to revolutionize the gaming experience. This state-of-the-art solution offers a myriad of advantages over traditional blockchain platforms, particularly in enhancing
In recent times, Spot Bitcoin ETFs have faced a concerning trend with outflows occurring for a consecutive week. These outflows have mirrored a decline in the Bitcoin price, indicating a possible connection between institutional and miner sell-offs. According to Coinglass data, the outflows have averaged around $100 million daily, resulting in approximately $1.2 billion being
The cryptocurrency market is on the verge of a significant development with asset managers eagerly preparing for the launch of new spot Ethereum ETFs pending approval from the US Securities and Exchange Commission (SEC). This move has sparked a wave of excitement in the industry as it opens up new avenues for investment in the
Scott Matherson is a well-known figure in the cryptocurrency world, particularly for his insightful writing at NewsBTC. His ability to decode complex crypto topics and present them in a clear and engaging manner has earned him a solid reputation among readers. With a background in industries like banking and investment, Scott has been able to
Bitcoin (BTC) has been facing a continuous downtrend, with the cryptocurrency dropping to new local lows of under $59,000. This recent decline was particularly notable during the mid-hours of the United States Monday trading session, when BTC briefly slipped below $60,000 to hit a new low of $58,500. One of the significant factors contributing to
The cryptocurrency market, once a hotbed of activity and excitement, is now experiencing a significant slowdown. Bitcoin, the pioneer and leader of the digital currency realm, has taken a nosedive after reaching dizzying heights earlier this year. The recent weeks have been tumultuous, with a mass exodus of investors abandoning Bitcoin due to its prolonged