Shiba Inu, one of the most popular meme coins built atop the Ethereum blockchain, once again echoed a sense of frenzy across the broader crypto market on Friday, following a colossal upswing marked in the token’s burn rate. Notably, according to the data unveiled by Shibburn, a roughly 400% surge in the meme coin’s burn […]
Grayscale Dominates as Spot Bitcoin ETFs Debut with Over $4 Billion Trading
On their first day of trading, the newly approved spot bitcoin ETFs have significantly impacted the market. Trading volumes for these 11 financial instruments have impressively crossed the $4 billion mark. This development marks a pivotal moment in integrating cryptocurrency with traditional financial markets. Leading the Charge: Grayscale, BlackRock, and Fidelity Grayscale, a major player […]
Ethereum Classic Price Massive Double-Digit Rally Hits Pause, $50 ETC Up Next Or Sell-Off?
Ethereum Classic price has caught the attention of the cryptocurrency market with an impressive 34% leap in just 24 hours, marking its position as the top gainer among the 100 leading cryptocurrencies by market capitalization. This original version of Ethereum has surpassed the $30 mark for the first time since September 2022, sparking interest among […]
First Bitcoin (BTC) Options Expiry After ETF Approval, Uncertainty Prevails
With the historic first day of trading on Wall Street for the spot Bitcoin ETF, the BTC price has given a muted response. As of press time, Bitcoin is trading 0.87% down at a price of $46,080 and a market cap of $902 billion. Also, the Bitcoin options data suggests a muted response in trading […]
First Day of Spot Bitcoin ETF Trading At Wall Street, Here’s How It Went
The first day of spot Bitcoin ETF trading on Wall Street turned out to be quite eventful with Grayscale dominating the trading with over $4 billion in trading volumes on the debut. Bitcoin made a mark in the history of ETF launch with unprecedented trading on the debut. $4.6 Billion Bitcoin ETF Shares Exchange Hands […]
Elizabeth Warren Criticizes SEC Over Bitcoin ETF Approvals
Senator Elizabeth Warren, a Democrat from Massachusetts and a member of the Senate Banking Committee has openly criticized the Securities and Exchange Commission (SEC) for its recent decision to approve 11 spot bitcoin exchange-traded funds (ETFs). Warren, known for her cautious stance on cryptocurrency, expressed her concerns in a Thursday post highlighting the urgent need […]
XRP vs SEC: Ripple Faces SEC Demand for 2022-2023 Financial Statements
Ripple, a leading player in the cryptocurrency industry, is currently facing a significant legal challenge from the United States Securities and Exchange Commission (SEC). In a recent development, the SEC filed a motion in the U.S. District Court for the Southern District of New York, seeking an order that would compel Ripple to produce detailed […]
Bitcoin (BTC) Price Sees Slow Gains Despite Spot ETF Hype
The price of Bitcoin (BTC) is not impressing investors as the current hype surrounding the spot BTC Exchange-Traded Fund (ETF) product is not translating to substantial gains. Bitcoin (BTC) price pressing for uptrend As the spot Bitcoin ETF products go live for trading, the price of the digital currency has maintained a massive volatility that […]
Breaking: Grayscale Seeks SEC Nod for Bitcoin Covered Call ETF
Grayscale Investments has taken a step forward by introducing a unique covered call exchange-traded fund (ETF). This move follows the recent transformation of its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF. The announcement, made just a day after the firm received approval from the Securities and Exchange Commission (SEC), highlights Grayscale’s commitment to […]
FTX Crash: Former Customers Demand Change in Repayment Method
The FTX crash was a shocker to the crypto world back in November 2022. The embattled cryptocurrency exchange is currently in the middle of more than a dozen lawsuits, according to The Wall Street Journal. With piling lawsuits, a few former customers of FTX are demanding a change in repayment methods for their assets. Former FTX […]