Steve McClurg, co-founder and chief investment officer of Valkyrie Funds, has hinted at the potential approval of Ethereum or XRP exchange-traded funds (ETFs) following the anticipated launch of spot Bitcoin ETFs. This prediction is based on the U.S. Securities and Exchange Commission (SEC) which is reportedly likely to approve Valkyrie’s Bitcoin ETF, with trading expected […]
Bloomberg Terminal has listed all eleven spot Bitcoin exchange-traded funds (ETF) following their appearance on brokerage platforms, indicating an imminent SEC approval. Bloomberg ETF analyst Eric Balchunas broke the news of the listing and anticipates the regulator will officially announce the approval within a few hours, between 4 pm to 6 pm Eastern time. These […]
In a historic move, 1inch DAO, the entity behind the 1inch Network, has voted to secure “legal advisory services” from STORM Partners. This decision comes amid growing regulatory scrutiny on the crypto and decentralized finance (DeFi) sectors.Following a vote that ended on January 9, which was overwhelmingly supported by the 1inch community, holders decided to […]
Asset management companies are gearing up to introduce spot Bitcoin and crypto Exchange-Traded Funds (ETFs) in Hong Kong, according to Livio Weng, the Chief Operating Officer (COO) of HashKey Group. In an interview with Chinese local media outlet Caixin, Weng revealed that seven to eight of these companies are in the advanced stages of launching […]
Senator Elizabeth Warren has accused the Blockchain Association and other industry groups of undermining Congressional efforts to address the alleged role of cryptocurrency in terrorist financing. The senator alleges that these groups are hiring former defense and law enforcement officials to fight against these efforts. The Blockchain Association has responded to these accusations, stating that […]
The U.S. Securities and Exchange Commission (SEC) is nearing a decision on the approval of spot bitcoin exchange-traded funds (ETFs), putting asset managers, including BlackRock, Ark Investments, and 21Shares, on high alert. A false report of the SEC approving 11 Bitcoin ETF applications caused a spike in market volatility, pushing the Bitcoin spot price to […]
Turkey is making significant strides in its crypto regulation, with the legal framework now reaching the technical stage, according to the country’s Minister of Treasury and Finance, Mehmet Simsek. This development is part of the country’s efforts to align its anti-money laundering laws with the Financial Action Task Force (FATF) standards and get off the […]
In an unexpected development, Coinbase, a leading cryptocurrency exchange, has extended its support to the U.S. Securities and Exchange Commission (SEC) following a security breach on the regulator’s social media account. The breach led to the posting of a fraudulent Bitcoin ETF approval message, sparking a flurry of conspiracy theories and speculation.The social media platform […]
The anticipation of a potential approval for a spot-based Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) has led to a significant increase in Bitcoin futures open interest on the Chicago Mercantile Exchange (CME). However, K33 Research warns that this enthusiasm may be short-lived as the approval could trigger a downturn […]
The Financial Industry Regulatory Authority (FINRA), a self-regulatory body overseeing securities broker-dealers in the US, has included a section on crypto assets in its 2024 Annual Regulatory Oversight Report for the first time. The authority advises users to exercise caution when engaging in crypto asset-related activities and urges firms to address the regulatory challenges and […]
