Grayscale Bitcoin Trust (GBTC), an investment vehicle for Bitcoin, is currently trading at its lowest discount in almost two years. The discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of October 13th. This discount measures how much a mutual fund or ETF is trading below its true value. The narrowing of […]
The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the […]
An XRPL analytical resource has revealed that the adoption of Ripple’s XRP cryptocurrency is still in its early stages. According to the data, 77% of XRP wallets hold less than 500 XRP tokens, indicating a low level of ownership among users. This suggests that there is significant potential for broader adoption of XRP in the […]
The U.S. Securities and Exchange Commission (SEC) has reportedly decided not to appeal a court ruling regarding Grayscale and its Bitcoin Trust product. Grayscale had sued the SEC after its bid to convert the Grayscale Bitcoin Trust into a Bitcoin ETF was rejected. A federal judge later ruled that the SEC must reconsider the application […]
In a sensational trial that has captivated the crypto world, Sam Bankman-Fried, the founder of FTX, is facing charges of orchestrating a massive fraud. The prosecution alleges that Bankman-Fried was fully aware of the illicit activities taking place within his exchange and hedge fund, Alameda Research. However, his defense argues that he was simply an […]
FTX estate, a prominent player in the cryptocurrency market, has shown bullishness towards Solana’s native token, SOL. On October 13, FTX staked over 5.5 million SOL coins, worth $122 million, through Figment, a staking validator firm. This move was detected by blockchain tracker Whale Alert and confirmed by on-chain researcher Ashpool. Staking involves locking up […]
Bloomberg ETF analysts James Seyffart and Eric Balchunas predict that the US Securities and Exchange Commission (SEC) could approve a Spot Bitcoin ETF as early as next year. They estimate a 90% chance of approval by January 10, which is the deadline for the SEC’s decision on ARK Invest’s application. This prediction comes after ARK […]
The United States Securities and Exchange Commission (SEC) has reportedly decided not to appeal a recent court decision regarding a case between the SEC and Grayscale Investments. The court had granted Grayscale’s request to convert its Grayscale Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF) after the SEC initially denied the request. According to […]
The United States Securities and Exchange Commission (SEC) has reportedly decided not to appeal a recent court ruling in favor of Grayscale Investments. The ruling requires the SEC to review Grayscale’s application for a spot Bitcoin exchange-traded fund (ETF). While Bloomberg analysts believe this decision does not guarantee approval for Grayscale’s application, it does mean […]
The U.S. Securities and Exchange Commission (SEC) has decided not to appeal a court ruling that found it unjust to reject Grayscale Investments’ application to create a spot bitcoin exchange-traded fund (ETF). The court had ruled in August that the SEC’s rejection was erroneous, and the SEC’s decision not to contest the ruling could expedite […]
