Bitwise, an asset management firm, has made changes to its S-1 registration with the SEC to enable the listing and trading of shares for a spot Ether exchange-traded fund (ETF). Following remarks from SEC Chair Gary Gensler indicating that approvals for spot Ether ETFs could be finalized by summer 2024, Bitwise’s updated Form S-1 registration
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Samuel Edyme, popularly known as HIM-buktu, is a multi-talented individual with a diverse skill set. His career as a web3 content writer, journalist, and trader has shaped him into a unique individual in the crypto space. With experience writing for various industry giants such as AMBCrypto and Blockchain.News, Edyme has made a name for himself
BitMEX, a renowned derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with an avenue to access and speculate on the performance of leading meme coins in the market through a single contract. Termed as the “S&P500 for crypto meme coins,” this
As Bitcoin recently dipped below $60,000, crypto expert Michael van de Poppe has pointed out a crucial indicator that suggests a bounce may be on the horizon. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, signaling a potential relief bounce from the current price level. According to his
The recent events in the crypto market have left investors and traders reeling from the impact of a widespread crash that has seen Bitcoin and altcoins plunge. The Bitcoin price, in particular, has been on a downward spiral, falling from support after support, causing chaos for tens of thousands of traders. The repercussions of this
The recent ruling by a US District Judge in Massachusetts denying DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs has significant implications for the classification and regulation of NFTs. The lawsuit, initiated by Justin Dufoe, accuses DraftKings of violating federal securities laws with its sports-themed NFTs on the Polygon blockchain. The Howey
South Korea’s Financial Supervisory Service (FSS) is taking proactive steps to tighten oversight of crypto trading platforms within its jurisdiction. The regulator recently announced that local exchanges will be required to establish a continuous monitoring system for unfair transactions and report any abnormal activities promptly. This move aims to eliminate fraudulent transactions and ensure compliance
The recent court ruling on Binance’s BNB token has sparked a new wave of arguments in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Ripple is using this ruling to argue against the harsh penalties imposed by the SEC for its sales of XRP. The company is citing the
The Bitcoin network is currently displaying signs of miner capitulation, a phase where miners either halt their operations or sell off a portion of their Bitcoin reserves. This phase is crucial as it is historically associated with the bottoming out of Bitcoin prices, paving the way for a potential uptrend in the asset’s value. Since
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This decline indicates an increase in selling pressure and a growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior for signs of either stabilization or further decline as it nears this critical threshold.
