The potential launch of US spot Ethereum ETFs in June has been a topic of much speculation within the cryptocurrency community. Bloomberg ETF analyst Eric Balchunas suggested that there is a “legit possibility” of spot Ethereum ETFs being launched by the end of June. However, he also mentioned that an earlier mid-June launch would be
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Recently, the U.S. District Court for the District of Utah made a significant decision regarding the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. The court not only dismissed the case but also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. This ruling has
The year 2021 has witnessed a surge in the launch of meme coins, many of which have raised concerns about their legitimacy and ties to celebrities. The launch of JENNER on the Solana blockchain, endorsed by American celebrity Caitlyn Jenner, has particularly drawn attention to the risks associated with trading meme coins. Despite doubts from
Blockchain analytics firm Nansen recently uncovered DBS Bank, a major banking institution in Singapore, as a prominent player in the cryptocurrency market. The firm identified a crypto wallet linked to DBS Bank holding a substantial amount of Ether (ETH), totaling 173,753 coins valued at around $650 million based on current market prices. This revelation highlights
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has made headlines with its successful recovery of almost all of its customers’ digital assets after the bankruptcy of its crypto lending arm. This recovery has been hailed as one of the most successful in the industry to date. Gemini announced that its customers in
Senator Cynthia Lummis has been a vocal advocate for pro-crypto legislation and believes that the crypto market will play a significant role in the US economy. She emphasizes the importance of not squandering the opportunity that digital assets present. Lummis, along with other pro-crypto lawmakers, has worked tirelessly to educate their colleagues in Congress about
The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. A recent analysis by Cryptorphic, a prominent crypto analyst, suggests that the future might be brighter than recent dips might indicate. Cryptorphic’s prediction hinges on a historical phenomenon known as the halving. Every four years, the number of Bitcoins rewarded for mining
In the current landscape of the cryptocurrency market, there seems to be a general sense of positivity surrounding the future of Bitcoin. Crypto analyst Crypto Con has recently shared an optimistic outlook on the price of BTC, suggesting that it could potentially rise to $123,832 in the near future. This projection is based on an
The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox recently provided an update regarding its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion) in a recent transaction, the trustee confirmed that it has not sold any of its Bitcoin holdings. The trustee clarified in a statement on May 28 that preparations
Following a crucial week for Ethereum, there is a technical candlestick arrangement that indicates a possible sharp upturn in ETH prices in the upcoming weeks and months. One analyst pointed out events in the monthly chart where the ETH/BTC ratio reversed from a multi-year support trend line. This is significant because altcoin prices typically react
