The anticipation surrounding the launch of spot Ethereum ETFs has been met with delays as applicants navigate the regulatory process. SEC chair Gary Gensler emphasized that the timeline for these launches is contingent on how promptly applicants address the regulator’s queries and provide justifications for approvals. Companies are driven to respond to SEC comments in
Tokenization is a concept that has been gaining traction in the financial industry, with its potential to revolutionize the way traditional assets are processed and managed. Nadine Chakar, the global head and managing director of DTCC Digital Assets, recently testified before the House Financial Services Subcommittee on Digital Assets about the transformative power of tokenization.
In the world of cryptocurrency trading, centralized exchanges (CEXs) have long been the dominant force, overshadowing their decentralized counterparts. Despite the growing popularity of decentralized platforms, CEXs continue to play a crucial role in the market. Market Sentiment Insights One of the key advantages of centralized exchanges is their ability to provide valuable insights into
In a recent announcement, Robinhood revealed its plans to acquire Bitstamp, a global crypto exchange, for a hefty sum of $200 million in cash. This strategic move is aimed at strengthening Robinhood’s position in the crypto market and expanding its offerings to a wider audience across different regions. Bitstamp, founded in 2011, operates in various
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing a surge in inflows, setting a record with 17 consecutive days of net additions. A notable Tuesday saw these ETFs receive an impressive $886.6 million, making it the second-highest single-day inflow since their inception. Following this, another substantial inflow of $488.1 million was recorded, with
XRP price has been slowly inching higher above the $0.5200 zone, facing resistance near $0.5320 and possibly correcting lower in the coming days. Despite attempting a fresh increase above the $0.5250 zone, the price is now hovering above $0.5220 and the 100-hourly Simple Moving Average. However, there was a concerning break below a key bullish
As of now, the price of Dogecoin is seeing a rise above the $0.160 resistance zone against the US Dollar. It is trading above the $0.160 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE/USD pair. If
In a market where several cryptocurrencies are hitting new all-time highs and experiencing strong bullish momentum, XRP seems to remain in a consolidation phase. However, recent positive developments and announcements surrounding Ripple have sparked speculation about a potential massive uptrend for the XRP price. Ripple’s recent partnership with Clear Junction, a global provider of cross-border
Bybit, a prominent cryptocurrency exchange, has made a bold decision to remove China from the list of countries whose citizens are restricted from using its services. While still maintaining restrictions for countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong, this move by Bybit has raised eyebrows and speculation within the
The recent trends in the crypto market have shown that assets like Bitcoin, Ethereum, and Solana have consistently outperformed traditional assets such as Gold. According to a report by Exponential Age Asset Management (EXPAAM), the annualized returns on Bitcoin, Ethereum, and Solana have been staggering, with figures of 141%, 152%, and 224%, respectively. This far