Bitcoin breaks below $30k as WSJ reports SEC will block spot Bitcoin ETFs again
Bitcoin breaks below $30k as WSJ reports SEC will block spot Bitcoin ETFs againWSJ claims SEC will find spot Bitcoin ETF applications inadequate
Happy Friday!The global crypto market cap is $1.18 trillion, with a 24-hour volume of $55.36 billion. The price of Bitcoin is $30,177.73, and BTC market dominance is 49.8%. The price of Ethereum is $1,868.69, and ETH market dominance is 19.2%. The best-performing sector is Sports, which gained 76%. The Crypto Fear & Greed Index is currently Neutral (56). Top News
Bitcoin breaks below $30k as WSJ reports SEC will block spot Bitcoin ETFs againWSJ claims SEC will find spot Bitcoin ETF applications inadequate Vodafone confirms rumors of Cardano NFT plansThe telecom company's German arm plans to use the Cardano blockchain for its first NFT collection. Revolut delists Cardano, Polygon, and Solana in US marketThe SEC identified those assets as securities in cases against Coinbase and Binance. Latest Insights
More NewsMastercard’s MTN network is groundbreaking, but crypto connection is unclearMTN will first be used with tokenized bank deposits even though it utilizes blockchain. Using ChatGPT to spot crypto honeypots, scam contracts, and other red flagsAnalyzing smart contracts with ChatGPT plugins opens a novel way to protect against crypto scams Blockchain Association calls for Gensler’s recusal from crypto enforcement decisionsBlockchain Association senior counsel Marisa Coppel contends that SEC Chair Gary Gensler has already compromised his impartiality on crypto enforcement. Bitcoin’s sudden plunge below $30k triggers $176 million in liquidationsBitcoin suddenly crashed below $30,000 after peaking at over $31,000 earlier today. Fidelity reapplies for spot Bitcoin ETF despite 2022 rejectionFidelity first filed its application in 2021, but it was rejected by the SEC in January 2022 — along with other spot Bitcoin ETFs.
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Reclusive Binance co-founder Yi He speaks on SEC case
Thursday, June 29, 2023
Yi He is a co-founder and major shareholder at Binance and has a close relationship with CEO Changpeng Zhao. Famous for keeping a low profile, she has broken her silence in an interview with Bloomberg
UK Law Commission proposes classifying crypto as a new type of property
Wednesday, June 28, 2023
Other Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements.
Bitcoin Cash surged 108% over the last week after EDX Markets opened
Tuesday, June 27, 2023
The Bitcoin fork network's coin more than doubled in price over the last week after it became available to institutional traders on a powerhouse-backed exchange.
Japan’s token issuers are now exempt from corporate tax on unrealized gains
Monday, June 26, 2023
The tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
The yield convergence and its implications for Bitcoin
Sunday, June 25, 2023
CryptoSlate's latest market report dives deep into the concept of yield convergence and its potential effect on Bitcoin.
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