The cumulative total net inflow for U.S. spot bitcoin exchange-traded funds has surpassed $30 billion for the first time since debut in January. The strong market sentiment that followed former president Trump’s re-election has caused the bitcoin ETFs to see increased levels of trading activity and net inflows. Wednesday was
At the North American Blockchain Summit on November 21st, CFTC Commissioner Summer Mersinger spoke about the need for notice and comment regulation in creating uniform US regulations around cryptocurrency. As the new allegations against Uniswap Labs demonstrate, the current “regulation by enforcement” policy is a joint effort by the SEC
Market excitement was sparked by Senator Cynthia Lummis’ recent statement that increasing Bitcoin holdings might contribute to halving the US debt in 20 years. Notably, Lummis has been an outspoken advocate for Bitcoin, which has recently drawn a lot of interest from players in the cryptocurrency market. Despite this, the
Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103
SEC Chair Gary Gensler will be resigning from his post next year, according to the US Securities and Exchange Commission (SEC). Gensler has been under pressure to step down ever since Donald Trump was elected president of the United States. Gary Gensler’s departure from the US SEC is scheduled for
The judgment on Franklin Templeton’s Bitcoin and Ethereum index ETF has been postponed by the US Securities and Exchange Commission (SEC). It has been decided that the proposal will be decided on January 6, 2025. In order to provide the regulatory body enough time to evaluate it, based on the
As Bitcoin (BTC) recorded a new all-time high of $98,342 on Thursday, its hard fork, Bitcoin Cash (BCH), broke a prolonged bearish trend and entered the $500 zone for the first time since May. Over the past 24 hours, BCH’s price soared over 24%, rising from a low of $429
Bitcoin has surged to a new all-time high of $98,309, marking a 4.78% increase in the past 24 hours. As the digital asset continues to break records, the question on many investors’ minds is: when will Bitcoin hit the $100K milestone? The rally is largely driven by growing optimism for
The worldwide client base of Crypto.com will have access to a wide variety of new global merchants as a result of a strategic relationship that was recently announced between Triple-A and Crypto.com. Crypto.com users will soon be able to make purchases from renowned e-commerce companies directly using cryptocurrency from inside their
US spot Bitcoin exchange-traded funds (ETFs) have achieved a historic milestone, surpassing $100 billion in total assets. This comes just ten months after their debut in January, marking one of the fastest fund category launches in history. Twelve spot Bitcoin ETFs, including products from BlackRock Inc. and Fidelity Investments, reached
