The U.S. Securities and Exchange Commission (SEC) has officially acknowledged a 19b-4 filing submitted by Cboe, which seeks approval for staking in the 21Shares Core Ethereum ETF. Significantly, the Bloomberg ETF analyst James Seyffart recently stated that this is the first ETF to file with the SEC specifically requesting Ethereum
February 20, 2025 2 mins read
A slight uptick in crypto assets follows a bear trap recovery, with the Fear and Greed Index holding at 37, signaling fear. The altcoin SUI posts a 4.17% gain. SUI kicked off the day trading in around the $3 range, before falling to a low of $2.93. The altcoin’s bearish
February 19, 2025 2 mins read
As bearish pressure grips the crypto market, Bitcoin and Ethereum stall at resistance. The altcoin Hyperliquid (HYPE) followed suit and landed among the top losers, taking a sharp 7.84% hit. HYPE’s crucial resistance levels at $32.27 and $35 are to be tested to confirm the breach of its ATH. With
February 19, 2025 2 mins read
Senate Confirms Howard Lutnick, a former chief executive of Cantor Fitzgerald, to lead the Commerce Department. The U.S. Senate voted 51-45 to confirm Howard Lutnick as the 41st Secretary of Commerce. Lutnick will lead President Donald Trump’s global trade and economic agenda. Given his strong protectionist stance, his confirmation marks
February 19, 2025 2 mins read
Ripple’s XRP is fighting to escape a bearish grip. Analysts foresee that clearing this hurdle could trigger a climb toward new highs. XRP’s recent rally looks shaky, with the gains hinting at a potential fakeout. XRP stays below $2.60, and the testing phase endures. The altcoin recorded a 4.18% decline
February 18, 2025 2 mins read
Ethereum (ETH), the largest altcoin, made a fresh attempt to surge past $2.7K. It broke the $2,794 resistance but faced rejection near the $2,850 range, signalling a short-lived bullish push. In the early hours, a high was formed at $2,848, climbed from the low of $2,669. Analysts predict that Ethereum’s
February 18, 2025 2 mins read
AUSTRAC, Australia’s anti-money laundering regulator, moved against 13 cryptocurrency companies under its overall operation of cracking down on non-adherence to money laundering laws. Over 50 more companies continue to be watched. The probe, which commenced more than a year ago, aims to confirm that cryptocurrency exchanges and digital currency providers
February 17, 2025 2 mins read
The crypto market cap, resting at $3.19 trillion, has yet to fully bounce back from the recent downturn. Among altcoins, Onyxcoin (XCN) has been stuck in a sliding phase, reversing its recent gains, losing a modest 1.95%. Despite attempting a breakout rally, XCN faces challenges in ensuring a strong recovery.
February 17, 2025 2 mins read
Senator Cynthia Lummis urges the United States to modernize its national reserves to feature Bitcoin. Serving as a representative of Wyoming in the U.S. Senate, Lummis contends that Bitcoin’s openness and decentralization enable auditing in real-time, which may fortify fiscal accountability. Lummis stated: “A bitcoin reserve could be audited any
February 17, 2025 2 mins read
Following a prolonged phase of selling pressure, crypto assets are briefly bouncing back. Looking at the altcoins, PancakeSwap (CAKE) has jumped 42.63% and stole the top gainer spot. CAKE’s upside correction triggered it to visit a high of $3.18. In the early hours, the asset traded at the lowest price
February 13, 2025 2 mins read