Bitcoin had a turbulent week, with prices surging after Grayscale’s legal victory against the SEC on Tuesday, only to lose all those gains after the regulator delayed a decision on approving seven spot Bitcoin ETFs on Thursday. The dominant cryptocurrency is currently trading at $25,798, down 0.8% in the past 24 hours.The bearish trend is […]
FTX, a collapsed crypto exchange, has moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons. The tokens include LINK, SUSHI, LUNA, and YFI, and the transfers were conducted through Wormhole Bridge. It is unclear if the transfers are connected to the exchange’s bankruptcy proceedings or its recent request […]
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the approval of spot-based Bitcoin (BTC) exchange-traded funds (ETFs) until October. This includes bids from financial firms Invesco, WisdomTree and Valkyrie. A Bitcoin ETF would give investors exposure to the crypto asset through brokerages, much like precious metals such as gold and silver. […]
SEBA Bank, a Switzerland-based financial institution that focuses on cryptocurrencies, has reportedly secured an approval-in-principle from Hong Kong’s securities regulator. The company now needs to comply with additional conditions for final approval before being eligible to provide digital asset services to local consumers.According to Bloomberg, the Hong Kong Securities and Futures Commission intends to grant […]
Ripple Labs and the US Securities and Exchange Commission (SEC) are preparing for the second round of their legal battle. The case has been ongoing for three years and revolves around the status of the XRP token. The SEC requested an interlocutory appeal, which was granted by Judge Analisa Torres. Ripple argued that the appeal […]
Grayscale, one of the largest holders of Bitcoin, is also reportedly the second-largest holder of Ethereum, according to a recent report by crypto analytics platform Arkham Intelligence. The platform identified Grayscale Ethereum Trust on-chain, with the asset manager holding close to $5 billion in Ether.The crypto analytics firm noted that Grayscale’s ETH holdings were split […]
Amidst a series of rapid developments, the XRP cryptocurrency market has experienced heightened activity. Whale Alert reported a significant transfer of 66,666,659 XRP (approximately $33,065,809) from Binance to an undisclosed wallet, sparking speculation about its potential impact and its proximity to the $1 price point. Ripple has also placed substantial XRP amounts into secure escrow […]
The U.S. Securities and Exchange Commission (SEC) has filed a confidential, sealed motion in its ongoing case against Binance, causing a stir in the cryptocurrency world. This rare move by the SEC has triggered substantial market turmoil, with prices of Bitcoin, Ethereum, BNB, XRP, Cardano, and more fluctuating. Industry insiders are predicting a rollercoaster ride […]
Tether (USDT) is the leading stablecoin by market cap, but it has been deviating from its peg in times of heightened volatility. Kaiko Data recently proposed a new measure termed “depeg severity” which correlates to the total trade volume of a stablecoin. As the trading volume escalates, the threshold for a depeg event decreases. USDT […]
Ripple executives have recently applauded the US court for proving that the SEC is out of control and consistently wrong on the facts and the law regarding the cryptocurrency market. The SEC has lost three crypto-related battles in two consecutive months; against Grayscale, Uniswap, and Ripple. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted that the […]
