ARK Invest’s Cathie Wood expects delayed Bitcoin ETF decision, but predicts multiple approvals afterwards
ARK Invest’s Cathie Wood expects delayed Bitcoin ETF decision, but predicts multiple approvals afterwardsThe SEC likely will not decide whether to approve ARK's application this week.
Happy Tuesday!The global crypto market cap is $1.18 trillion, with a 24-hour volume of $32.51 billion. The price of Bitcoin is $29,751.55, and BTC market dominance is 49.0%. The price of Ethereum is $1,854.71, and ETH market dominance is 18.8%. The best-performing sector is Sports, which gained 197%. The Crypto Fear & Greed Index is currently Neutral (54). Top News
ARK Invest’s Cathie Wood expects delayed Bitcoin ETF decision, but predicts multiple approvals afterwardsThe SEC likely will not decide whether to approve ARK's application this week. Lido adoption surges with 10,000 new stakers despite Ethereum’s price strugglesLido detailed how the Curve Finance exploit impacted its project. House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcementMcHenry used the occassion to promote the Clarity for Payment Stablecoins Act. Latest Insights
More NewsRipple legal chief urges investigation into ex-SEC official over Ethereum speech controversyRipple CLO argued that the investigation would provide clarity about Hinman motivations for the speech. Singapore pledges $112M to foster fintech and web3 innovationSingapore's MAS said individual web3 projects would get grant funding to support actual trial and commercialization of their products. Kenyan authorities raid Worldcoin warehouse in Nairobi under search warrantThe Kenyan government has suspended Worldcoin's operations in the country and launched an investigation into its data collection and storage methods. Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines, imprisonmentHong Kong's Securities and Futures Commission is not mincing words about crypto compliance in the region. Options Put/Call Ratio suggests cautious optimism among tradersThe steep decline in the open put/call ratio, coupled with the recovery in the volume ratio indicates a complex market scenario.
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PayPal launches ERC20 stablecoin ‘PYUSD’ with Paxos
Monday, August 7, 2023
PayPal pushes the digital currency frontier with USD-backed stablecoin, fostering seamless conversion and regulated transactions.
Decoding volatility: Are big tech stocks as stable as we think?
Sunday, August 6, 2023
CryptoSlate's latest market report dives deep into stock volatility to analyze just how different the ups and downs of the traditional market are from Bitcoin.
Hex loses $500M in market cap after SEC lawsuit; token removed from MetaMask, Uniswap
Saturday, August 5, 2023
Crypto platforms, Uniswap and MetaMask, have dropped support for the embattled HEX token.
SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”
Friday, August 4, 2023
The SEC chair called AI the "most transformative technology of this generation" and stressed the need to prepare for its influence on financial markets.
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
Thursday, August 3, 2023
Warren's urgent call for safeguarding billions in tax revenue hinges on immediate crypto tax regulation.
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