The U.S. Securities and Exchange Commission (SEC) is nearing the potential approval of several spot Bitcoin ETFs, as major financial institutions have been actively involved in the process. The market is eagerly awaiting amendments to 19b-4 filings, which are crucial for approval. These amendments will address issues related to cash creation and redemption mechanisms, an […]
The Securities and Exchange Commission (SEC) is intensifying its pursuit of crypto exchanges Binance and Coinbase in ongoing legal battles. To strengthen its arguments, the SEC has referenced a recent landmark case in court.In its case against Binance, the SEC filed a notice of supplemental authority, highlighting Judge Jed Rakoff’s ruling in the Terraform case. […]
The US Securities and Exchange Commission (SEC) has filed a federal court document requesting a summary judgment ruling in its lawsuit against cryptocurrency exchange Binance. The SEC argues that specific issues raised in its case against Terraform Labs and its co-founder Do Kwon are also present in the enforcement action against Binance, Binance US, and […]
Celsius Network, a cryptocurrency lender, has announced plans to unstake its Ethereum (ETH) holdings in order to distribute assets to creditors. The company will carry out a significant unstaking event in the coming days to offset costs incurred during the restructuring process. This move comes after Celsius Network faced a liquidity crisis in July 2022, […]
The United States Securities and Exchange Commission (SEC) has filed a motion in federal court requesting a summary judgment ruling in its case against cryptocurrency exchange Binance. The SEC argues that a recent ruling in a similar case against Terraform Labs and its co-founder Do Kwon supports its enforcement action against Binance, Binance.US, and former […]
A recent survey conducted by ETF issuer Bitwise reveals that only 39% of U.S.-based financial advisers believe that a spot Bitcoin exchange-traded fund (ETF) will be approved this year. The survey, which included participants such as registered investment advisers, financial planners, institutional investors, and wirehouse representatives, asked several questions regarding the approval timeline for a […]
A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns and has urged public figures such as Elizabeth Warren and Senator Sherrod Brown to fulfill their oversight responsibilities.Deaton’s criticism of Gensler’s stance […]
Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges. This follows a similar registration from the Fidelity Wise Origin Bitcoin Fund. The SEC is expected to make a decision on these ETF applications […]
Investment firm Tuttle Capital has made a bold move in the crypto space by filing for six leveraged Bitcoin Exchange-Traded Funds (ETFs) with the SEC. These ETFs aim to provide users with magnified returns, seeking daily inverse or leveraged investment results ranging from 150% to 200%. The proposed ETFs consist of long and inverse leveraged […]
Goldman Sachs, a prominent investment bank on Wall Street, is expected to play a significant role in the introduction of bitcoin exchange-traded funds (ETFs) by BlackRock and Grayscale in the United States. According to anonymous sources familiar with the matter, the company is in discussions to become an authorized participant (AP) for these ETFs. Being […]
