Bitcoin prices surged 7% after a federal appeals court ordered the US Securities and Exchange Commission to reconsider its rejection of the Grayscale Bitcoin Trust's bid to convert into an exchange-traded fund (ETF), potentially opening the door for a spot Bitcoin ETF in the US; however, some remain cautious about the optimism surrounding the decision.
Ben Armstrong, host of BitBoy Crypto, has been fired and will lose the moniker and brand he created, prompting speculation about who will replace him and why it took so long for someone with his controversies to be removed.
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A federal court has ruled that the U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale's attempt to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), potentially paving the way for a spot bitcoin ETF.
Lawyers for the Department of Justice argue that Sam Bankman-Fried's defense strategy of alleging approved fraud by his lawyers should be rejected as irrelevant, as Bankman-Fried awaits trial for fraud charges related to the collapse of his crypto exchange.
The US Court of Appeals has once again delayed its decision on whether Grayscale can convert its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF), causing uncertainty and leaving investors waiting for clarity.
JPMorgan predicts that the unwinding of long positions in Bitcoin futures suggests the end of a downward trend, leading to limited downside for crypto markets in the near term.
Shibarium, an Ethereum layer-2 network supported by Shiba Inu's SHIB tokens, aims to facilitate faster and more private off-chain transactions while leveraging the security of the Ethereum blockchain, but the recent launch of the Shibarium Bridge faced initial challenges before becoming fully functional. Nevertheless, Shibarium has ambitious goals, including catering to metaverse and gaming applications, offering cost-effective settlement options for DeFi, and showcasing the potential of the Shiba Inu project beyond its origins as a meme coin.
Elon Musk's Twitter, now rebranded as X, has obtained a currency transmitter license in Rhode Island, indicating a possible move towards crypto payments and turning the platform into an all-in-one app like China's WeChat.
FTX founder Sam Bankman-Fried, facing multiple charges, reportedly has been limited to bread and water in prison due to the lack of vegan options, and his lawyers have raised concerns about his diet and medication issues.
Crypto analyst Michaël van de Poppe suggests that altcoins, including Ethereum, are following a historical pattern before Bitcoin halving events, indicating a potential bullish move in the market.
The implementation of layer-2 projects, including Coinbase's Base, on Ethereum has led to a significant decrease in transaction fees and congestion on the network, even during periods of high activity such as the recent explosion of the Friend.tech crypto craze.
Crypto analysts predict that the price of XRP may reach $0.60 after the SEC's change in strategy regarding Ripple Labs, with data suggesting that large XRP investors are preparing for a potential price rise.
Ethereum may have reached a bottom in the bear market and is expected to break out from an ascending triangle pattern, according to crypto strategist Credible Crypto, who predicts a consolidation between $1,600 and $2,000 for the rest of the year before a surge in early 2024. However, they also hold a bearish view for ETH/BTC in the short term.
Bitcoin and other cryptocurrencies dropped in anticipation of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium.
Robinhood expands its crypto wallet to include support for bitcoin and dogecoin, allowing users to send and receive these cryptocurrencies in addition to ether and tokens built on the Ethereum blockchain. They also introduce swap features for select users to trade ether for over 200 different assets.
CNBC's ETF Edge provides expert advice and insights on ETFs, helping investors build their portfolios effectively.
Shiba Inu's layer-2 blockchain Shibarium has seen a significant increase in interacting wallet addresses, surpassing 48,000, and has achieved positive results in transaction count and block production, recording its highest daily transactions at 100,905.
Two commissioners at the U.S. Securities and Exchange Commission (SEC) are critical of the agency's recent charges against Impact Theory for allegedly offering unregistered securities in the form of NFTs, arguing that the NFTs in question did not function as investment contracts and did not offer dividends to purchasers. The commissioners raise questions about the appropriateness of applying securities laws to NFTs and the implications of requiring the destruction of NFTs representing unique digital art or music.
Despite a surge in network activity, Dogecoin's price remains stagnant, potentially due to the influence of Bitcoin's volatility, a decline in transactions executed by DOGE holders, and a decrease in large-scale transactions. As a result, some investors are turning their attention to Golden Inu, a newcomer in the memecoin space that has experienced a significant increase in interest and engagement after its listing on CoinGecko. Furthermore, Golden Inu's upcoming play-to-earn game, Golden Inuverse, is expected to drive further interest and potentially boost the value of its native token, $GOLDEN.
BNB, the cryptocurrency linked to Binance, dropped to a one-year low of $204 due to regulatory scrutiny, including allegations that Binance helped Russian users move money abroad and rumors that they are selling bitcoin to support BNB's price, while a distressed BNB-secured loan and a potential liquidation added to the token's downward pressure.
The Shiba Inu community is optimistic about the future price of SHIB due to the launch of Shibarium, with investors hopeful of becoming millionaires by holding the digital asset, as its value is projected to potentially reach $0.009683.
A class action lawsuit against Uniswap, a decentralized exchange, has been dismissed by a district judge, citing the pseudo-anonymous nature of the token issuers as a legal barrier for the plaintiffs, but leaving the possibility for the case to resurface in certain jurisdictions.
Bitcoin could experience a major market correction in September, potentially dropping by more than 16% based on historical performance and predictions by crypto analyst Benjamin Cowen.
Google Bard, an artificial intelligence bot, predicts that the lowest price Bitcoin could reach in 2023 is $20,759, based on analyses by financial experts, with some projecting even lower at $12,000 and others more bullish at $30,000 or higher. Factors such as sticky inflation drivers, increased regulatory scrutiny, and potential catalysts like institutional adoption and the launch of a Bitcoin ETF could influence Bitcoin's price in the coming months.
Bitcoin led the cryptocurrency market higher following Grayscale's victory in the lawsuit against the SEC, but analysts caution that the victory does not guarantee the approval of a spot Bitcoin ETF.
Grayscale CEO Michael Sonnenshein celebrates the court victory over the SEC and anticipates converting Grayscale Bitcoin Trust into a Bitcoin ETF, potentially boosting crypto markets with billions in liquidity.
Binance customers in Europe are facing difficulties with fiat withdrawals due to issues with SEPA transfers, as the exchange has temporarily suspended euro withdrawals and deposits via SEPA while it works to resolve the problem.
Blockware Intelligence's analysis titled "2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving" suggests that Bitcoin's price could potentially reach $400,000 in the next halving epoch due to factors such as reduced sell pressure, increased demand, and historical performance.
North Korean hackers, including the Lazarus Group and APT38, are believed to be planning to cash out stolen bitcoin worth over $40 million, according to the FBI.
Solana Pay, the payment protocol built on the Solana blockchain, has integrated with Shopify, allowing users to pay in USD Coin (USDC) and settle payments with merchants on-chain, offering faster settlement times compared to credit card payments.
Bitcoin is predicted to reach a price of $148,000 after the next halving in April 2024, according to Pantera Capital, which manages $3.5 billion worth of assets, and notes that recent events such as the XRP ruling and endorsements by BlackRock are likely to contribute to the next bull market for digital assets.
Grayscale’s SEC Victory May Render Alameda’s Redemptions Lawsuit Unnecessary, Bloomberg Analysts Say
Grayscale's recent victory over the SEC could potentially render Alameda Research's lawsuit against the company meaningless, as it opens the possibility for Grayscale to convert into the first U.S. spot bitcoin ETF, allowing redemptions and making the lawsuit unnecessary.
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Coinbase CEO Brian Armstrong shared ten emerging ideas in the cryptocurrency space that excite him, including the creation of a CPI-linked stablecoin, on-chain reputation systems, on-chain advertising, and decentralized labor markets.
The investment fund associated with decentralized exchange aggregator 1inch accumulated $10 million worth of Ethereum over the weekend, according to blockchain tracker Lookonchain.
Sam Bankman-Fried, founder of FTX, plans to argue that he acted in "good faith" based on the advice of lawyers as part of his defense strategy for his upcoming criminal trial relating to alleged fraudulent schemes.
Mastercard and Visa will end their partnerships with crypto exchange Binance, discontinuing their crypto card offerings in several countries by September 2022.
The memecoin Pepe (PEPE) experienced a partial rug pull after anonymous developers sold nearly $16 million worth of the token, causing the price to plummet; however, some traders believe the event will have negligible long-term effects on the token's outlook due to its lack of utility or underlying value, while others are more bearish on its future. Additionally, a new spin-off of the original Pepe token has been created, claiming to be free from the issues of its predecessor.
Crypto exchange Binance has announced plans to gradually wind down support for its Binance USD (BUSD) stablecoin, encouraging users to convert their holdings into other assets, including a newly listed stablecoin, First Digital USD (FDUSD). This decision aligns with Paxos' plans to end BUSD redemption by February 2024.
Hong Kong-based cryptocurrency exchange HashKey is set to offer Bitcoin and Ether trading services to retail customers after receiving regulatory clearance from the country's Securities and Futures Commission. Retail investors will be limited to investing 30% of their net worth in cryptocurrencies on the platform.
The Cambridge Bitcoin Electricity Consumption Index (CBECI) has revised its methodology to improve the accuracy of estimating Bitcoin's electricity consumption, taking into account recent developments in mining hardware and hash rate.
Tech entrepreneur Elon Musk has once again endorsed the meme cryptocurrency Dogecoin, leading to a surge in its value and fueling excitement surrounding the transformation of Twitter into "X," Musk's multifaceted service integrating social media, messaging, and financial transactions.
South Korean Generation Z investors are showing a strong preference for altcoins, particularly XRP, over established cryptocurrencies like Bitcoin and Ethereum, with approximately 20.7% of GenZ investors choosing XRP as their primary altcoin for investment.
Ark Invest and 21Shares have filed with the SEC to introduce an Ethereum Futures ETF, while the approval for their collaborative Bitcoin ETF remains pending.
Bitcoin (BTC) is holding steady above $27,000, buoyed by the 200-day exponential moving average (EMA), indicating a potential bottoming out and bullish price action despite bearish market predictions.
