ARK Invest, the flagship fund of billionaire investor Cathie Wood, has sold $28 million worth of its shares in the Grayscale Bitcoin Trust (GBTC), a popular vehicle for investing in bitcoin (BTC), as the cryptocurrency approached its all-time high of over $43,000. The sale of ARKW’s holdings of GBTC has reduced to 3.4 million shares […]
Analyst Unveils ‘Max Pain’ Scenario for Bitcoin, Says Crypto Never Witnessed Secular Bear Market
A closely followed crypto analyst is unveiling a scenario that would devastate those who hopped on late on the Bitcoin (BTC) bandwagon. Pseudonymous trader Credible Crypto tells his 360,900 followers on the social media platform X that Bitcoin will likely leave most retail traders on the sidelines and rally just high enough to entice them […]
Polkadot’s OpenGov Ignites Proposal Surge and Voter Engagement
Polkadot migrated from Gov 1 to OpenGov in June, a move that has spurred a surge in growth and user engagement, with the number of proposals surging over 400%. The number of parachains has also grown, with the number of L1 blockchains secured by Polkadot now hitting 50 as the number of transactions this year […]
Justin Sun Accumulates SHIB in Billions, Sparking Rally Hopes
TRON manoeuvres into SHIB: Justin Sun shifts 577B SHIB, sparking optimism among community members. Continue reading at DailyCoin.
ETF Approval: BlackRock And ARK Invest Embrace SEC’s Cash-Only Model
BlackRock and ARK Invest have revised their S-1 registration statements for spot Bitcoin ETFs in response to the cash redemption model imposed by the U.S. Securities and Exchange Commission (SEC). The two major applicants for a spot Bitcoin ETF in the U.S., which would track the price of Bitcoin directly rather than through futures contracts […]
SOL, BONK and DOGE Price Analysis for December 19
Can bounce back of altcoins switch to midterm bullish reversal?
ADA and BNB Price Analysis for December 18
Is it possible to see bounce back of Cardano (ADA) and Binance Coin (BNB) this week?
Shytoshi Kusama Announces Plan for Global SHIB Adoption, Ripple Shares Epic 2024 Forecast After SEC Lawsuit, Arthur Hayes Sets BTC’s Next Target at $1 Million: Crypto News Digest by U.Today
Check out the weekend’s top crypto news in U.Today’s latest news digest!
Sen. Warren calls out crypto industry’s revolving door of Washington insiders
According to the Massachusetts senator, many government officials could be laying the groundwork while in public service to “audition” for positions in the crypto industry.
Web3 social platform /Reach aims to ‘fix Crypto Twitter’
/Reach, a web3-focused social platform designed to “fix Crypto Twitter” and powered by the Reach token, went live on Dec. 18 after the completion of a beta phase that onboarded around 6,000 users, according to a statement shared with CryptoSlate. /Reach platform In recent years, the crypto community has expressed growing concerns regarding the abundance […]