Coinbase, the leading cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits were filed due to the failure of the SEC and FDIC to comply with information requests in closed crypto cases. Coinbase
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The US spot Bitcoin ETFs have shown signs of slow recovery as the total inflows reached $21.52 million on June 26th, continuing the positive momentum that started on Tuesday. It is crucial to observe these inflow trends to understand the overall market sentiment towards Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission has entered the trial phase. This phase is crucial in resolving the lawsuit, but the end date remains uncertain. A significant development in recent weeks was the SEC’s decision to reduce its fine demand from $2 billion to $102.6 million.
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, showcasing a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
SEC Chair Gary Gensler, in an interview at the Bloomberg Investment Summit, expressed confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for the approval, he mentioned that the focus is currently on asset managers making full disclosure in their registration statements. Gensler seemed optimistic about the
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
Bitcoin (BTC) has seen a continued downtrend, with prices dropping to new local lows of under $59,000. During the U.S. Monday trading session, BTC briefly went below $60,000, hitting a low of $58,500. This decline can be attributed to the outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market. The latest weekly report from
Bitcoin’s price has been on a downward trend in recent days, failing to sustain above the $70K level. Currently, the market is approaching a critical juncture as the price hovers around the pivotal $60K support level. The 200-day moving average at $58K adds to the significance of this support, with a potential break below $60K
Stablecoin transfer volumes have seen a remarkable surge in recent months, reaching over $1.68 trillion in April. This marks a significant increase from the $100 billion recorded just a few months prior in October 2020. The 16-fold rise in transfer volumes underscores the growing potential of stablecoins in revolutionizing financial processes and facilitating cross-border transfers.
The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the last 30 days. NEAR Protocol (NEAR) leads the list with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Interestingly, some
