Grayscale has recently made amendments to a regulatory filing with the intention of converting its Ethereum Trust into a spot exchange-traded fund (ETF). This move indicates a strategic shift in the company’s approach towards the cryptocurrency market, specifically Ethereum. One of the key highlights of Grayscale’s amended filing is the emphasis on market surveillance and
In a surprising turn of events, Binance, the world’s leading crypto exchange, recently made the decision to spin off its venture capital and incubation arm, Binance Labs. This move, which took place earlier this year under the leadership of CEO Richard Teng, marks a significant development in the company’s structure. Binance Labs now operates independently,
Recently, analysts from the private wealth management firm, Bernstein, reiterated their prediction regarding Bitcoin’s future potential. Gautam Chhugani and Mahika Sapra emphasized that there is a strong possibility for Bitcoin to reach $150,000 by the year 2025. This reaffirmation comes after their initial forecast back in November 2023 when they first made this bold prediction.
Paul Grewal, the Chief Legal Officer at Coinbase, recently criticized a letter penned by U.S. senators Jack Reed and Laphonza Butler, urging the Securities and Exchange Commission (SEC) to impose tighter regulations on Bitcoin exchange-traded funds (ETFs) and to halt the approval of additional cryptocurrency ETF applications. Grewal argues against the senators’ assertions and defends
In a surprising move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that no longer falls under the group’s purview. This significant decision, made under the leadership of the exchange’s new CEO, Richard Teng, marks a new chapter for the venture capital division. The decision to separate Binance
The Securities and Futures Commission (SFC) of Hong Kong recently issued a public warning about the unlicensed operations of MEXC within its jurisdiction. The SFC highlighted that MEXC claims to be a virtual asset trading platform, targeting investors in Hong Kong, but it does not hold a license from the regulatory authority. As a result,
The recent conviction of FTX founder Sam Bankman-Fried has sent shockwaves through the financial world, with federal prosecutors requesting a staggering prison sentence of 40 to 50 years. The US Attorney’s Office for the Southern District of New York has detailed SBF’s wide-ranging fraudulent activities, painting a picture of a man driven by greed and
The Sponge V1 token made its debut during the bear market of May 2023, instantly capturing meme coin virality with its nostalgic and catchy namesake. This fair launch token skyrocketed to become one of the biggest meme coin launches of the year, boasting an all-time high market cap of over $100M and a community of
Recent market fluctuations have caused XRP’s price to dip to $0.63, but analysts remain optimistic about its recovery. They predict significant price increases in the near future and emphasize the crucial role of bullish investors. Lawsuit Impact on XRP’s Price The outcome of Ripple’s lawsuit with the SEC is seen as a key factor that
The recent letter from US Senators Jack Reed and Laphonza Butler to SEC Chair Gary Gensler has put a spotlight on the approval of crypto ETFs, including Ethereum ETFs. The Senators urged the SEC to reject proposals for ETFs beyond Bitcoin, citing concerns about potential risks for retail investors. Doubts on Ethereum’s Trading Volumes and
The new Ethereum-based meme token, DOGE20, has captured the attention of investors by offering an innovative take on Dogecoin-related memes. Unlike Dogecoin, DOGE20 aims to address some of the flaws in meme tokens by providing a more philanthropic version of on-chain staking. It rewards earlier stakers and introduces a fixed supply, setting itself up for
The recent crash in the price of Bitcoin, which dipped below $66,000, can be attributed to a significant drop in inflows into Spot Bitcoin ETFs. Data from Spot On Chain indicated a sharp decline in net flows into these ETFs over the past few days. On Wednesday, March 3, there was a 38% decrease in
The cryptocurrency market is a volatile landscape, constantly shifting and evolving with the emergence of new tokens that capture the attention of investors. One such token that recently made waves is BOOK OF MEME (BOME), a meme coin built on the Solana blockchain. Its debut was nothing short of extraordinary, with its price soaring by
Marvel Comics has recently partnered with VeVe, launching the VeVe Comics platform and providing fans with access to a vast collection of over 300 Marvel digital issues. This revolutionary platform introduces iconic characters such as Spider-Man, X-Men, Captain Marvel, and Black Panther to fans in a whole new way. What sets VeVe Comics apart from