Cathie Wood’s ARK Invest has continued its trend of selling shares in the cryptocurrency exchange Coinbase (COIN), with a further 133,823 shares sold on January 5. The stock opened trading for the day at $152.67 and ended at $153.98. The United States-based asset management company disclosed its trades for the day on social media on […]
The financial sector is filled with anticipation as key players in the Bitcoin ETF saga are in the final stages of the Securities and Exchange Commission’s (SEC) rigorous review process. January 11th is a significant date, marking the potential announcement of the regulatory body’s decision on these highly sought-after financial instruments.Despite the rumors of impending […]
Binance USD (BUSD) has fallen out of the top five stablecoins by market capitalization after its circulating supply dropped below 1 billion, the lowest since December 2020. The circulating supply of BUSD now stands at 927 million tokens, a dramatic 96% decrease from its peak supply of 23.45 billion. This drop has also significantly affected […]
As the potential approval of the first spot Bitcoin ETFs in the US by the Securities and Exchange Commission builds anticipation, the term “XRP ETF” is trending on X (formerly Twitter). Many XRP community members have posted supposed evidence that a US ETF is imminent. However, a closer look reveals a more complex reality.Good Morning […]
A potentially historic week for Bitcoin is about to commence, with the possible approval of spot Bitcoin exchange-traded funds (ETF). Issuers are expected to finalize their S-1 amendments on Monday. Asset managers are anticipated to amend their spot Bitcoin ETF filings by 8:00 am ET, or 01:00 pm UTC, on Jan. 8. This follows the […]
The United States Securities and Exchange Commission (SEC) has reiterated its warning about the dangers of fear of missing out (FOMO) investing, advising investors to tread carefully. This cautionary advice comes just before the commission’s announcement on the approval of pending spot Bitcoin ETFs.The SEC’s Office of Investor Education and Advocacy issued the warning, which […]
In a significant development, Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account, thereby establishing it as legal tender within the region. This move comes less than two years after the zone first incorporated the cryptocurrency into its economic framework. The decision allows Bitcoin to serve as […]
BlackRock, the world’s largest asset manager, is anticipating the approval of its spot Bitcoin ETF application by the United States Securities and Exchange Commission (SEC) as early as Wednesday. This comes as the SEC, stock exchanges, and investment management firms convened on Friday to discuss last-minute wording changes on ETF filings.BlackRock is not alone in […]
Solana (CRYPTO: SOL), often referred to as an ‘Ethereum (CRYPTO: ETH) killer’, has seen its native token, SOL, drop by 12% in the last 24 hours, disrupting its year-end surge. After reaching a high of $126.30 on December 25, SOL has seen a sharp 13% drop within a week.The previous price rally was largely due […]
The crypto world is on the edge of a potentially historic week, with the United States Securities and Exchange Commission (SEC) expected to approve a spot Bitcoin ETF by Wednesday, January 10. Analysts James Seyffart and Eric Balchunas from Bloomberg have predicted a 90% likelihood of this pivotal decision, highlighting the progressive approach of the […]
