Bitcoin ETF approval odds increase to 75% following Grayscale’s court victory: Bloomberg analysts
Bitcoin ETF approval odds increase to 75% following Grayscale’s court victory: Bloomberg analystsThe analysts said the SEC might delay the Bitcoin ETF applications before it as it considers it next steps.
Happy Thursday!The global crypto market cap is $1.06 trillion, with a 24-hour volume of $29.58 billion. The price of Bitcoin is $26,590.54, and BTC market dominance is 48.6%. The price of Ethereum is $1,674.98, and ETH market dominance is 18.9%. The best-performing sector is Yield Farming, which gained 5%. The Crypto Fear & Greed Index is currently Neutral (52). Top News
Bitcoin ETF approval odds increase to 75% following Grayscale’s court victory: Bloomberg analystsThe analysts said the SEC might delay the Bitcoin ETF applications before it as it considers it next steps. SEC Chair Gary Gensler to testify before Congress twice this SeptemberThe SEC chair has been called back to the Hill after a summer packed with unprecedented enforcement actions against actors in the crypto industry. Robinhood owns fifth-largest Ethereum wallet, holding $2.54B in ETHThe same address also holds $177 million of other ERC-20 tokens. Latest Insights
More NewsCircle’s USDC will launch natively on Optimism, Coinbase’s Base next weekThose launches will be the first of many during Circle's "StableSeptember" event. Bitcoin futures show renewed confidence amidst price surgeRise in estimated leverage ratio signals risk appetite resurgence in Bitcoin market. Kinetix eyes GMX’s path, aims to revolutionize Kava Chain with perpetual swapsHow Kinetix is bringing the power of perpetual swaps and shared liquidity to the Kava and Cosmos ecosystems. Binance nudges users towards FDUSD as it ‘gradually’ phases BUSD outBinance said support for BUSD would end by February next year. Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaintA U.S. District judge has dismissed a class action suit against Uniswap Labs and backers for abetting token scams, concluding that current law did not provide an avenue for enforcing financial liability.
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Grayscale victory against SEC sparks $90M in market liquidations, slims GBTC discount
Wednesday, August 30, 2023
Grayscale's Bitcoin Trust discount narrows to under 20% following the firm's victory.
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.
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