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Crypto trends DeFi NFT & More Owner : @Azukicollector
🏦 Crypto exchange Kraken’s motion to dismiss US SEC case denied
U.S. crypto exchange Kraken has failed to dismiss the case against it brought by the Securities and Exchange Commission. “[T]he SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on its network constitute investment contracts, and therefore securities, and are accordingly subject to securities laws,” U.S. District Judge William H. Orrick wrote in an opinion published Friday in San Francisco federal court.
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🔊 @Crypto_Nfts_Metaverse
🔴 Grayscale unveils investment trust for Avalanche’s AVAX token
Grayscale Investments has expanded its portfolio of crypto investment products and launched the Grayscale Avalanche Trust. This new investment vehicle aims to offer accredited investors exposure to AVAX, the native token of Avalanche's blockchain network. The trust, now open for daily subscriptions, operates similarly to Grayscale’s existing single-asset investment products, focusing exclusively on AVAX, the firm said in a press release shared with The Block.
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🔊 @Crypto_Nfts_Metaverse
🥇 Bitcoin miner Bitfarms to acquire Stronghold Digital in $175 million equity and debt deal
Bitcoin mining company Bitfarms (ticker: BITF) has agreed to acquire rival Stronghold Digital (ticker: SDIG) in a $175 million stock and debt-financed deal. Both firms’ boards of directors “unanimously approved” the buyout, which is expected to close in the first quarter of 2025. Both companies will merge their stocks in a $125 million equity transaction, and Bitfarms will assume $50 million worth of Stronghold’s debt.
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🔊 @Crypto_Nfts_Metaverse
💰 Bloomberg analyst sees bleak future for Solana ETFs amid current SEC climate
Chances of a Solana (SOL) exchange-traded fund (ETF) being approved in the US this year are equal to “a snowball’s chance in hell” unless there is a change in leadership in SEC leadership, according to senior Bloomberg ETF analyst Eric Balchunas. Balchunas highlighted in an Aug. 20 social media post that the 19b-4 forms filed for Solana ETFs by the Chicago Board Options Exchange (Cboe) were never acknowledged by the SEC. Thus, Cboe withdrew the forms, although the S-1 forms filed by the issuers are still active.
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📊 Crypto ETPs trading volume plummets 50% as BlackRock surpasses Grayscale
Crypto investment products experienced a lukewarm performance last week, with modest inflows of $30 million, according to CoinShares weekly report. James Butterfill, CoinShares‘ head of research, explained that these numbers were the market’s reaction to recent macroeconomic data that implied the Fed was less likely to cut interest rates by 50 basis points in September.
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💰 Ripple invests $10 million in tokenized US T-bills through OpenEden
Ripple has announced a $10 million investment in tokenized US Treasury bills (T-bills) through OpenEden, a tokenization platform expanding to the XRP Ledger (XRPL), according to an August 1 statement. This investment is part of a larger fund Ripple plans to allocate to tokenized T-bills from OpenEden and other yet-to-be-named issuers. Ripple has not disclosed the fund’s total size and has not yet responded to CryptoSlate’s request for further details as of press time.
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🔊 @Crypto_Nfts_Metaverse
🪙 Ethereum spot ETF yearly inflows could be as low as 15% of bitcoin's, Sygnum Bank analyst says
Ethereum spot exchange-traded funds (ETFs) are likely to experience significantly lower inflows during their first year of trading compared to inflows for bitcoin spot ETFs, an analyst said. "Ethereum’s lesser name recognition is likely to mean slower adoption, and with its market capitalization a third of bitcoin’s, we expect the relative inflows to be in the 15 to 35% range versus bitcoin, with a resulting forecast of $5 to $10 billion in the first year," Sygnum Bank Head of Research Katalin Tischhauser told The Block.
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🔊 @Crypto_Nfts_Metaverse
💰 Ron Paul Champions Liberty and 'Competing Currencies' at Bitcoin 2024
Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future.
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🔊 @Crypto_Nfts_Metaverse
🇺🇸 Senator Elizabeth Warren claims foreign ‘cryptomines’ being used to spy on the US
US lawmaker Senator Elizabeth Warren has continued her anti-crypto evangelism despite her thinning support base. On July 25, she opined that foreign-owned crypto-mining operations pose a national security threat during a hearing of the Senate Committee on Banking, Housing, and Urban Affairs. The anti-crypto lawmaker further highlighted the environmental threat of these mining facilities, pointing out that their activities could pose “a disaster for the environment.”.
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🔊 @Crypto_Nfts_Metaverse
🇪🇺 Ferrari to expand crypto payments for cars to Europe following US launch: Reuters
Luxury sports car giant Ferrari is set to expand crypto payment options to its European dealer network this month following its U.S. launch. The Italian firm will also extend the scheme to other dealers in its international network within countries where cryptocurrencies can be legally accepted, Reuters reported on Wednesday. Ferrari initially rolled out crypto payment options for its cars in the U.S. in October and had intended to expand to Europe in the near future.
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🔊 @Crypto_Nfts_Metaverse
🪙 SEC issues final approval for spot Ethereum ETFs to begin trading on July 23
The SEC officially issued its final approval for spot Ethereum ETFs on July 22 and the funds’ respective webpages are now live. The ETFs are scheduled to begin trading as US markets open at 09:30 Eastern Time on July 23. The approval confirms rumors from last week and opens up Ethereum to investors seeking regulated exposure. Market experts believe these funds will attract a significant amount of money from investors who have been hesitant to invest in crypto due to regulatory concerns.
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🔊 @Crypto_Nfts_Metaverse
💰 Solana memecoin market cap suffers double-digit drop
Memecoins on the Solana network have been at the forefront of driving trading activity on the blockchain and have driven some of the most volatile cryptocurrency price action since the beginning of the year. Therefore, on a day when broader macroeconomic conditions produced volatility levels not seen since the market panic at the onset of the COVID-19 pandemic, the Solana memecoin ecosystem experienced pronounced levels of volatility.
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🔊 @Crypto_Nfts_Metaverse
🟠 Binance plans to hire 1,000 as it ramps up compliance: Bloomberg
Richard Teng, chief executive of Binance, said the company intends to expand its workforce by 1,000 employees by the end of 2024, Bloomberg reported Wednesday. A large portion of the company’s new hires is slated for expanding its compliance team to 700 members from the current 500. The world’s largest crypto exchange is expected to spend over $200 million this year on regulatory compliance alone, including efforts in the U.S. following the plea deal with the Justice Department and other agencies, according to the report.
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🔊 @Crypto_Nfts_Metaverse
🪙 Grayscale outflows overshadow Ethereum ETF inflows
Despite initial enthusiasm, spot Ethereum ETFs haven't quite met market expectations, with significant outflows overshadowing positive inflows. The on-chain holdings of Ethereum ETFs are substantial, yet they've faced a net outflow of 136,700 ETH since their launch, a drag largely due to Grayscale's ETHE. Ethereum's price has reacted predictably, dropping sharply post-launch before finding some stability.
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🔊 @Crypto_Nfts_Metaverse
💰 Metaplanet bolsters Bitcoin holdings with additional 57 BTC
Tokyo-listed Metaplanet said it increased its Bitcoin holdings with the additional purchase of 57.273 BTC for ¥500 million (around $3.4 million), according to an Aug. 20 statement. The Bitcoin investment firm stated that the latest purchase completes its Aug. 8 announcement to acquire ¥1 billion worth of the flagship digital asset through a loan sourced from MMXX Ventures Limited.
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🔊 @Crypto_Nfts_Metaverse
💡According to TheBlock, the U.S. Securities and Exchange Commission (SEC) discussed with ETF issuers its concerns that Solana could be classified as a security
✔️The SEC and Cboe subsequently decided not to file the relevant Form 19b-4 to avoid starting the SOL ETF approval process.
✔️VanEck’s registration statement for the Solana ETF is still available on the SEC’s search engine, while 21Shares’s has disappeared or been withdrawn.
✔️ETF Store CEO Nate Geraci said that it is virtually impossible for a Solana ETF to be approved under the current administration.
🤝 @Cryptocurrency_Inside ✅
🪙 Tether expands USDT stablecoin to Aptos blockchain
Stablecoin issuer Tether is launching its main USDT stablecoin on the Aptos blockchain. The integration will allow those using the Aptos blockchain to natively transact with the USDT stablecoin at a lower cost than more expensive networks like Ethereum. "This collaboration underscores our ongoing efforts to lead with innovation and support our users with stable, reliable financial tools," said Tether CEO Paolo Ardoino in a statement.
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🔊 @Crypto_Nfts_Metaverse
Franklin Templeton is preparing a new ETF: Bitcoin and Ethereum under one flag!
✔️Asset manager Franklin Templeton has taken a step towards launching an innovative exchange-traded fund by filing an S-1 with the SEC.
✔️The new Franklin Crypto Index ETF will combine Bitcoin and Ethereum in one product, opening up new horizons for investors.
💡Well, it's time to keep your finger on the pulse - this fund promises to be interesting!
🤝 @Cryptocurrency_Inside ✅
JUST IN: 💰 Financial Post says that institutional demand is continuing to grow for spot #Bitcoin ETFs 🚀
🤝 @Cryptocurrency_Inside ✅
🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.
What’s your prediction for Solana’s price?
🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500
🤝 @Cryptocurrency_Inside ✅
🪙 Tether generates a record $5.2 billion profit in first half of the year
Leading stablecoin firm Tether released its latest quarterly attestation Wednesday, reporting a record net profit of $5.2 billion for the first half of 2024. The company also reached a net operating profit of $1.3 billion in the second quarter, largely due to its yield-bearing investments and reserves, according to its press release. The attestation was conducted by BDO, a global independent accounting firm.
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🔊 @Crypto_Nfts_Metaverse
💰 Solana overtakes Ethereum in weekly fee revenue for the first time
Solana surpassed Ethereum in total fees and MEV tips for the first time in a weekly timeframe since its launch. According to Blockworks Research, Solana generated approximately $25 million in revenue during the week of July 22, edging out Ethereum’s $21 million. SOL was trading at $185.8 as of press time amid the wider market downturn after hitting a high of $193.8 earlier in the day, based on CryptoSlate data.
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🔊 @Crypto_Nfts_Metaverse
💰 SEC approves Grayscale Bitcoin Mini Trust, awaiting registration statement greenlight
The U.S. Securities and Exchange Commission approved Grayscale's mini version of its Grayscale Bitcoin Trust (GBTC) on Friday. The agency specifically approved the 19b-4 form for the Grayscale Bitcoin Mini Trust. The trust, under the ticker symbol "BTC," is intended to be a “spin-off” of GBTC, with new shares of the mini trust designed to be distributed to GBTC shareholders as GBTC contributes a certain amount of bitcoin to the trust, according to an S-1 filing posted in March.
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🔊 @Crypto_Nfts_Metaverse
📊 Bitcoin and Ethereum plunge after US tech sell-off, sparking $300 million in losses
The crypto market declined by around 5% in the last 24 hours, aligning with a significant drop in major US stock shares, which sent global markets downward. Bitcoin’s price fell almost 3%, falling from $67,000 to around $64,000, while Ethereum experienced an even steeper decline, dropping nearly 8% from $3,400 to about $3,100.
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🔊 @Crypto_Nfts_Metaverse
🏦 Mt. Gox creditors start receiving bitcoin and bitcoin cash on Kraken
Creditors of the collapsed crypto exchange Mt. Gox have begun receiving bitcoin and bitcoin cash transfers on the crypto exchange Kraken, according to a Telegram group of Mt. Gox creditors. The Block also confirmed one payout with a source. The payout comes after Kraken received 48,641 BTC, valued at over $3 billion, from the Mt. Gox Rehabilitation Trustee on July 16 to disseminate to creditors, The Block previously reported. The exchange expected creditors to retrieve their funds within one to two weeks.
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🔊 @Crypto_Nfts_Metaverse
💰 Bitcoin’s Flash Crash Below $66K and Rebound Above $68K Following Biden's Election Decision
On Sunday at 4:30 p.m. EDT, bitcoin (BTC) is trading between $67,968 to $68,108 per unit, following a flash dip to $65,833 per coin after U.S. President Joe Biden announced his withdrawal from the 2024 election. The volatility on July 21 led to the liquidation of $37.32 million in bitcoin long positions over the past 24 hours and over $100 million in longs across the entire crypto market.
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🔊 @Crypto_Nfts_Metaverse