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What is a 19b-4 Filing? How Close Are We to the Approval of a Spot Ethereum ETF?

May 21, 2024
Informed sources have disclosed that the U.S. Securities and Exchange Commission (SEC) has requested a potential spot Ethereum ETF issuer to update its 19b-4 filing on Monday. Understanding the 19b-4 Filing The 19b-4 filing is a form used to notify the SEC of rule changes that allow a fund to...

CoinGecko Report: Solana Leads with 91 Million Daily Transactions, Surpasses Ethereum

May 20, 2024
Solana has established itself as the fastest among major blockchains, processing an astounding 91 million transactions in a single day. According to CoinGecko’s recent update, on April 6, during a meme coin frenzy, Solana set a record with an average of 1,504 transactions per second (TPS) daily. This speed is...

Kraken Affirms No Plans to Delist Tether’s USDT in Europe

May 20, 2024
Cryptocurrency exchange Kraken has assured its users that there are no plans to delist the Tether stablecoin USDT from the European market, and the company will continue to comply with all legal requirements. In a social media announcement, Kraken’s Global Head of Asset Growth and Management, Mark Greenberg, responded to...

Bitcoin Briefly Surpasses $67,000 Amid Renewed Investor Confidence Before Pulling Back

May 20, 2024
The crypto market has experienced significant turbulence over the past year, but Bitcoin is now making a notable comeback, crossing the $67,000 mark for the first time since late 2023. This unexpected surge has excited the Bitcoin community, sparking widespread optimism and renewed hope among investors. According to Santiment’s “weighted...

Could China Drive the Next Bitcoin and Gold Rally? Analysts Are Optimistic About the Chinese Economy

May 18, 2024
The potential outlook for China’s economy and speculation about quantitative easing (QE) in its real estate sector might influence the prices and liquidity of Bitcoin and gold in the coming months. Dan Tapiero, founder and CEO of 10T Holdings, suggests that a substantial accumulation of capital in the Chinese market...

Bitcoin ETFs Net Value Reaches $1.3 Billion in May, Reversing April Outflows

May 18, 2024
In May, Bitcoin spot ETFs saw significant inflows, recovering from the outflows experienced in April. With $1.3 billion flowing in, Bitcoin ETFs have bounced back to high levels, offsetting the $344 million withdrawn last month. Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted that May was a positive month...

Bitcoin Magazine: Trump’s Victory Could Spark a ‘Space Race’ for Bitcoin

May 17, 2024
David Bailey, CEO of Bitcoin Magazine and a crypto advisor to Trump’s campaign team, suggests that a victory for Trump in the upcoming election could trigger a “space race” for Bitcoin, as countries rush to align their policies with the United States. Bitcoin has already emerged as a significant factor...

CME Plans Bitcoin Spot Trading, Potentially Challenging Binance’s Dominance

May 16, 2024
According to a recent report by the Financial Times, the Chicago Mercantile Exchange (CME), a giant in futures trading, is gearing up to offer Bitcoin spot trading to meet growing demand from market participants. Already a leader in Bitcoin futures based on open interest, CME’s move into the spot market,...

Bitcoin Soars in Anticipation of Global ‘Easing Summer’ by Central Banks

May 16, 2024
Bitcoin (BTC) witnessed its most significant single-day surge in nearly two months on Wednesday, driven by weak U.S. economic data that heightened expectations of the Federal Reserve (Fed) and other developed nations cutting interest rates over the summer months. According to TradingView and CoinDesk, Bitcoin’s price jumped more than 7.5%...

Vanguard Announces New CEO Known for Blockchain Advocacy Amid Speculations of Bitcoin ETF Plans

May 16, 2024
Vanguard Appoints Blockchain Advocate as CEO, Hinting at Potential Bitcoin ETF Venture Vanguard, the world’s second-largest asset management firm, announced the appointment of Salim Ramji, a known supporter of Bitcoin and blockchain technology, as its new CEO effective July 8. This move marks Vanguard’s first external high-level hiring, which has...
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