Bitwise, an asset management firm, recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) to allow for the listing and trading of shares of a spot Ether exchange-traded fund (ETF). This move comes in light of SEC Chair Gary Gensler’s statement indicating that approvals for spot Ether ETFs
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Samuel Edyme, also known as HIM-buktu, is not your typical writer and trader in the crypto space. He has proven to be a versatile individual with a unique journey that sets him apart from the rest. His ability to adapt and thrive in the ever-changing world of cryptocurrency writing and trading is truly remarkable. A
Cryptocurrency expert Michael van de Poppe recently pointed out a crucial indicator suggesting a potential bounce for Bitcoin, following its dip below $60,000. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, indicating a possible relief bounce from its current price level. According to his analysis, Bitcoin is expected
BitMEX, the Seychelles-based derivatives exchange, has recently introduced a new financial product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a convenient way to access a diverse range of meme coins in the cryptocurrency market through a single contract. The MEMEMEXTUSDT Basket Index includes popular meme coins
The Financial Supervisory Service (FSS) in South Korea is taking steps to tighten oversight of cryptocurrency trading platforms in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to regulate the crypto industry and protect investors. New Monitoring System One of the key measures announced by the FSS is the
The Bitcoin network is currently experiencing a significant drop in hash rate, indicating a state of miner capitulation. This phase is characterized by miners either shutting down operations or selling off part of their Bitcoin reserves. Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, most notably the Draft Kings NFT lawsuit. A recent decision by a US District Judge in Massachusetts has denied DraftKings’ motion to dismiss a class action lawsuit related to its NFTs. This ruling has significant implications for the classification and regulation of NFTs in
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior as it nears this critical threshold, looking for signs of either stabilization or further
The recent crash in the crypto market has left investors in a state of panic, particularly those holding Bitcoin and altcoins. The price of Bitcoin has been falling steadily, leading to tens of thousands of traders losing their positions and facing significant losses. In just the last 24 hours, the market has seen a substantial
Recently, Ripple has been using a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The company argues that the lack of regulatory clarity surrounding the legality of these sales should not warrant severe punishments. The ruling that caught Ripple’s attention was made by Judge Amy
