Securities and Exchange Commission Chair Gary Gensler cast the deciding vote this week to approve several spot bitcoin exchange-traded funds (ETFs). The move grants the top cryptocurrency a level of Wall Street legitimacy that Gensler has long opposed. So why the sudden change of heart? Keypoints Trading volume on newly approved spot Bitcoin ETFs surged […]
JPMorgan analyst predicts 50% chance of spot Ethereum ETF in May
A JPMorgan executive suggested on Jan. 12 that securities regulators are equally likely to approve or disapprove a spot Ethereum ETF in the coming months. Nikolaos Panigirtzoglou, a Managing Director for JPMorgan, told The Block: “In our opinion, for the [U.S. Securities and Exchange Commission] to approve spot Ethereum ETFs in May, it would need […]
Bitcoin price sells-off after ETF approval — Have investors turned bearish?
Bitcoin price dropped by nearly 7% just 2 days after the spot ETF approvals. Cointelegraph investigates why BTC price is correcting.
Bitcoin’s Rollercoaster: Surges Then Faces Sudden Dip As Options Expiry Looms
According to Crypto trader Mags, Bitcoin, the flagship cryptocurrency, has recently demonstrated a notable +55% surge, breaking out from a smaller broadening wedge pattern. Mags shared insights on this significant price movement, observing Bitcoin’s breakout and suggesting a mid-term target at the “upper trendline resistance of a larger broadening wedge.” This surge notably results from […]
Solana’s Memecoin Dogwifhat Inks 111% Gains On Bybit Listing
Solana’s light-hearted Dogwifhat ends up on solid crypto platforms. Are Binance and Coinbase next to wear the hat? Continue reading at DailyCoin.
Venezuela’s unlucky petro coin to shut down Jan. 15 after six years: Report
The crypto, intended as a blow against U.S. sanctions, was never accepted at home or abroad and was crippled by scandal.
Wise Lending drained of $440K worth of crypto in apparent flash loan exploit
The attacker used an unverified contract to borrow 1,100 Lido Staked Ether, which may have been used to manipulate prices and drain funds from the protocol.
SEC Chair Says Bitcoin Is Centralized After Approving ETFs
The chairman of the Securities and Exchange Commission (SEC) has doubled down on his criticisms of Bitcoin (BTC) despite approving a slew of exchange-traded funds for the asset earlier this week. During an interview with CNBC on Friday, the chairman argued that Bitcoin boasts few use cases aside from illicit activity, and has ironically trended […]
Report: Forget Crypto Winter, Web3 Is Ready to Heat Up Again
The bear market is over for the web3 ecosystem. This was one of the conclusions of DappRadar’s latest Yearly Industry Report, which identified several bullish signals for this new year. Among these, DappRadar found that 2023 closed with over 4.2 million daily Unique Active Wallets (UAW), representing a 124% YoY increase. Last year saw the […]
Analyst says nothing bearish on Bitcoin charts
More Crypto Online, a YouTube cryptocurrency analyst, highlights that the current five-wave trend on the Bitcoin chart could open the door to an even larger trend.