The U.S. Securities and Exchange Commission’s (SEC) position on an Ethereum-based exchange-traded fund (ETF) is currently a hot topic among financial analysts and major investment firms. Despite the widespread anticipation, JPMorgan has voiced doubts about the SEC’s approval of a spot ETF by May 2024, unless Ethereum is classified as a commodity.The SEC has been […]
A JPMorgan executive has recently predicted a 50% chance of a spot Ethereum ETF being approved in May. Nikolaos Panigirtzoglou, a Managing Director for JPMorgan, expressed his views on the matter, stating that for the U.S. Securities and Exchange Commission (SEC) to approve spot Ethereum ETFs in May, Ethereum would need to be classified as […]
Web3 lending app and yield aggregator Wise Lending suffered a significant loss of 170 Ether (ETH), valued at $440,000, in an apparent exploit on January 12. The attacker is suspected to have manipulated an oracle price via a flash loan to execute the exploit. The attack occurred at 07:29 pm UTC, with the perpetrator using […]
Daniel Roberts, co-CEO of Bitcoin mining company Iris Energy, has voiced concerns over Spot Bitcoin ETFs, citing Bitcoin’s limited supply as a potential issue. Roberts highlighted that Bitcoin ETFs are the first of their kind with an underlying asset whose supply is capped at a specific amount, with Bitcoin’s maximum total supply being 21 million […]
The chairman of the Securities and Exchange Commission (SEC) has reiterated his criticisms of Bitcoin (BTC), despite recently approving a number of exchange-traded funds (ETFs) for the cryptocurrency. In an interview with CNBC, the chairman argued that Bitcoin’s use cases are limited, often associated with illicit activities, and have ironically trended toward centralization over time.Bitcoin’s […]
SEC Chair Gary Gensler has labeled the approval of Bitcoin ETFs as ‘ironic’ due to their centralized nature, which contradicts the decentralized vision of Bitcoin’s creator, Satoshi Nakamoto. In a recent interview on CNBC’s “Squawk Box”, Gensler delved into the reasons behind the SEC’s approval of these ETFs and addressed concerns raised by Senator Elizabeth […]
Asset management giant Vanguard, despite its public distancing from the cryptocurrency market, has significant exposure to Bitcoin through its large stake in MicroStrategy (MSTR). As per Yahoo Finance data, Vanguard Group is the second-largest institutional shareholder in MicroStrategy, holding over 1,126 million MSTR stocks, which equates to 8.24% of ownership as of September 2023.MicroStrategy’s stock […]
Robinhood, a leading trading platform, has introduced spot Bitcoin exchange-traded fund (ETF) trading for its US customers. This development is part of the company’s continuous efforts to offer more investment options and simplify access to financial markets.The Robinhood Crypto app now supports trading for 11 spot Bitcoin ETFs, recently approved by the Securities and Exchange […]
Robinhood, a leading trading platform, has introduced spot Bitcoin exchange-traded fund (ETF) trading for its US customers. This development is a part of Robinhood’s continuous efforts to offer more investment options and simplify access to financial markets.The Robinhood Crypto app now supports trading for 11 spot Bitcoin ETFs, recently approved by the Securities and Exchange […]
In a surprising turn of events, Binance Coin (BNB) has slipped to the 13th position in the liquidity race in Q4 2023, despite being the third-largest cryptocurrency by market capitalization. This development has raised questions about its overall liquidity. The data, released by Kaiko on January 11, shows that Bitcoin (BTC), Ethereum (ETH), XRP, and […]
