Grayscale victory against SEC sparks $90M in market liquidations, slims GBTC discount
Grayscale victory against SEC sparks $90M in market liquidations, slims GBTC discountGrayscale's Bitcoin Trust discount narrows to under 20% following the firm's victory.
Happy Wednesday!The global crypto market cap is $1.08 trillion, with a 24-hour volume of $40.64 billion. The price of Bitcoin is $27,191.96, and BTC market dominance is 48.9%. The price of Ethereum is $1,702.24, and ETH market dominance is 18.9%. The best-performing sector is Cannabis, which gained 17%. The Crypto Fear & Greed Index is currently Neutral (49). Top News
Grayscale victory against SEC sparks $90M in market liquidations, slims GBTC discountGrayscale's Bitcoin Trust discount narrows to under 20% following the firm's victory. X secures Rhode Island currency transmitter license, paving way to crypto servicesThe license approval is another step toward CEO Elon Musk's fabled "everything app" becoming a reality. Google leans into AI by expanding Duet, integrating Meta’s Llama, and moreGoogle Cloud also announced several AI partnerships at its Next '23 conference. Latest Insights
More NewsNavigating Bitcoin’s sideways trend with realized loss momentumRealized loss momentum shows Bitcoin could potentially face a volatile few weeks and indicates only sideways movement going into autumn. SBF lawyers claim Sixth Amendment rights have been violated, request releaseAllegations of justice system failings in FTX chief's ongoing court saga. ChatGPT drives OpenAI toward $1B revenue goal after losing $540M in 2022ChatGPT gained wide adoption and usage across the globe, reaching 100 million monthly active users in record time. EOS rallies 9% following landmark regulatory approval in JapanThe EOS token reacted positively to the news of the approval, rising by 9%. Prosecutors rebuff complaints from Bankman-Fried’s lawyers regarding excessive evidenceThe government acknowledged that it had introduced over 7 million pages of new evidence in recent days but informed the court that much the of the materials were seized from Bankman-Fried's own Google accounts.
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Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after ruling
Tuesday, August 29, 2023
The case has been central to the debate surrounding Bitcoin spot ETFs, which several institutional players have applied for this year.
Stablecoin settlements were on par with payments giant Visa during 2022
Monday, August 28, 2023
Stablecoins settled more than $11 trillion in value during 2022, rivaling payments giant Visa's $11.6 trillion settled.
The case for raising the Fed’s inflation target to 3%
Sunday, August 27, 2023
CryptoSlate's latest market report dives deep into the topic of inflation to present an argument for why the Fed should increase its inflation target.
U.S. government hits Bankman-Fried and attorneys with 4 million pages of discovery documents
Saturday, August 26, 2023
The former FTX CEO's lawyers argue that the government is overwhelming their client without allowing him the ability to adequately prepare his case.
Bitcoin’s most active supply hits 8-year low
Friday, August 25, 2023
Bitcoin's supply dynamics are helpful when analyzing the market, as they provide a window into the trading behavior of its vast user base.
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