Bitcoin has taken a hit, dropping below $58,000 in the past day. Here are some reasons why: CME Gap Analysts believe that the “CME gap” played a role in the price decline. This gap refers to the difference between Bitcoin’s price on the Chicago Mercantile Exchange (CME) futures market when it closed on Friday and…
Regulatory Freeze India’s once-booming crypto market is facing a regulatory chill. Exchanges are struggling to operate due to restrictions, fines, and even exits. Binance’s Troubles Binance, a global crypto giant, faced accusations of violating KYC norms. This led to a suspension of services and a $2.25 million fine. Binance has since collaborated with Indian authorities…
SEC Rejects Ripple’s Binance Ruling Interpretation The Securities and Exchange Commission (SEC) has filed a new document in the ongoing legal battle against Ripple Labs. The SEC argues that Ripple’s reliance on a recent ruling in the case against Binance Holdings is irrelevant and misguided. The SEC’s filing criticizes Ripple’s attempt to use the Binance…
Regulatory Clarity While many countries struggle with crypto regulation, Japan has taken a proactive approach. By licensing stablecoin issuers, they have ensured stability within their financial system. Additionally, they have fostered collaborative relationships between stakeholders and regulators, leading to enhanced development and adoption of digital assets. Driving Financial Innovation Japan’s regulators have shown a willingness…
According to data from crypto analytics platform Santiment, decentralized oracle network Chainlink (LINK) has witnessed a significant surge in development activity. Development Activity Rankings Over the past 30 days, Chainlink has climbed from fourth place in May to second place in June in terms of development activity. Hedera (HBAR) remains the leader in this category….
Genesis Digital Assets, a Bitcoin mining firm once backed by disgraced FTX founder Sam Bankman-Fried, is reportedly exploring an initial public offering (IPO) in the United States. Alameda Research’s Investment Genesis Digital Assets received significant investment from Alameda Research, the former investment arm of FTX. Between 2021 and 2022, Alameda poured over $1 billion into…
VanEck’s Bold Move VanEck, a major investment firm, has filed for a Solana (SOL) exchange-traded fund (ETF). This move has raised eyebrows, as it’s the first such filing in the US. Trump’s Influence VanEck’s head of digital assets research, Matthew Sigel, has confirmed that the ETF filing is a bet on Donald Trump winning the…
Network Growth Surge Data from Santiment shows that PEPE, FET, and ENS have experienced a significant increase in their network growth, indicating a surge in new addresses joining their respective blockchains. This growth suggests that these altcoins are attracting new users. PEPE Leads the Pack Among the three, PEPE has seen the most significant adoption,…
Anthony Pompliano, a Bitcoin enthusiast, encourages investors to take advantage of Bitcoin’s current dip. He believes that every savvy investor should buy more when prices drop. Why Buy the Dip? Pompliano argues that Bitcoin dips are opportunities to buy more because: Potential: Bitcoin has the potential to grow significantly in value over the next 5-10…
VanEck and 21Shares have filed for the first Solana ETF in the US. However, the approval of this ETF depends on the outcome of the upcoming presidential election. Political Influence on Crypto Regulation Matthew Sigel, VanEck’s Head of Digital Asset Research, believes the election will impact the approval process due to differences in political approaches…
