Paul Grewal, the Chief Legal Officer at Coinbase, recently criticized a letter from two U.S. senators that urged the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs). In a March 15 thread, Grewal challenged the assertions of senators Jack Reed and Laphonza Butler and defended the necessity of expanding
Crypto
In a surprising move earlier this year, Binance, the world’s leading crypto exchange, appears to have separated its venture capital and incubation arm, Binance Labs. The announcement, reflected on Binance Labs’ website, clearly states that it now operates independently and is no longer affiliated with the Binance Group. This change, which occurred between February 19
XRP, the digital asset associated with Ripple, has recently experienced a dip in its price, falling to $0.63 according to CoinGecko’s data. This marks a 5.5% decrease in a 24-hour period, as part of the broader market correction that affected many cryptocurrencies. Despite this setback, analysts are optimistic about XRP’s future prospects. According to analysts
The cryptocurrency market is constantly evolving, and new tokens are frequently introduced with the potential to become overnight sensations. The latest addition to the meme coin world is BOOK OF MEME (BOME) on the Solana blockchain. Since its debut, BOME has seen an astonishing price increase of nearly 5,000% and a trading volume exceeding $350
Bitcoin recently hit a new all-time high of nearly $74,000, just hours after dropping below $72,000. This surge comes after a strong end to the previous week, where Bitcoin broke the $70,000 barrier for the first time, only to experience a slight retracement. Despite this setback, Bitcoin bulls quickly recovered ground over the weekend, leading
MakerDAO, a leading DeFi lending protocol, has recently announced its ambitious ‘Endgame’ plan, set to launch in summer 2024. This first phase will see the rollout of a series of major features aimed at driving growth and establishing a virtuous cycle of Dai adoption. The introduction of SubDAOs, new tokenomics, a rebranded image, and innovative
The recent discussions surrounding the continuous influx of capital into spot Bitcoin ETFs have sparked concerns among industry experts. CryptoQuant founder Ki Young Ju has warned of a potential sell-side liquidity crisis within the next six months if the trend persists. He emphasized that bears will not be able to win the game until spot
Thailand’s Securities and Exchange Commission (SEC) has recently made a significant change to its regulations that now allow private funds to invest in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. This move provides a new investment opportunity, but it is important to note that it is currently limited to institutional investors and high-net-worth
The world of Bitcoin mining has experienced a significant milestone with earnings reaching an all-time high. According to CryptoQuant, miners have earned a staggering $78.6 million in daily revenue on March 7. This surpasses the previous record set during the height of the crypto boom in April 2021. The surge in earnings can be attributed
Bitcoin’s recent rally to a new all-time high above $70,000 has caught the attention of many experts in the cryptocurrency space. The leading crypto asset is believed to still be in its early stages, with significant room for growth according to most analysts. Drawing from historical patterns and recent market behavior, it has been observed
