Bitcoin’s price risk slumping to $36k if SEC denies ETF applications, Matrixport warns
Bitcoin’s price risk slumping to $36k if SEC denies ETF applications, Matrixport warnsMatrixport stated that the SEC might reject ETF applications because of the SEC's compliance demands.Happy Wednesday!The global crypto market cap is $1.65 trillion, with a 24-hour volume of $111.35 billion. The price of Bitcoin is $43,051.99, and BTC market dominance is 51.2%. The price of Ethereum is $2,232.96, and ETH market dominance is 16.3%. The best-performing sector is Energy, which gained 17%. The Crypto Fear & Greed Index is currently Greed (70). Top NewsBitcoin’s price risk slumping to $36k if SEC denies ETF applications, Matrixport warnsMatrixport stated that the SEC might reject ETF applications because of the SEC's compliance demands. Crypto tax rules now require reporting of transactions over $10kNew IRS mandate for crypto transactions over $10,000 sparks concern and legal challenge from CoinCenter. Insiders at MicroStrategy and Coinbase sell crypto stocks worth over $350MBitcoin advocate Michael Saylor to sell $216 million of MicroStrategy stock for crypto expansion Latest Insights
More NewsMad Money’s Jim Cramer flips script on Bitcoin, calls it a ‘technological marvel’Cramer has completely changed his stance on Bitcoin and is now recommending investors to gain exposure to the flagship digital asset. SEI climbs 22% to hit new all-time high after lackluster launchSei's SEI cryptocurrency reaches new high with 70% week-on-week surge driven by network milestones, technical advancements, and strategic partnerships. Grayscale files amended Bitcoin ETF application, omits details of AP and fee structureThe omission has raised questioned among experts and the community as Grayscale has previously named Jane Street and Virtu Financial as its APs. Osmosis hits $1 billion in monthly volume as interest in Cosmos surgesThe DEX's native token OSMO has surged on the back of increased activity and is currently trading at $1.51, up 121.97% over the past 30 days. Etherscan expands into Solana ecosystem with Solscan acquisitionEtherscan expands its blockchain explorer outside of the EVM domain, looks to create new interface to enhance analysis across chains. |
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SEC could inform spot Bitcoin ETF applicants of approval by Jan. 3
Tuesday, January 2, 2024
Firms may be notified on Tuesday or Wednesday to prepare for a Jan. 10 launch.
New year begins with $225M in crypto market liquidations
Monday, January 1, 2024
Tellor Tributes' TRB token recorded the most losses during the period.
Avalanche Foundation’s memecoin acquisition plan prompts 200% rally in meme token prices
Saturday, December 30, 2023
Avalanche Foundation's intent to purchase memecoins have spurred the value of these assets on its blockchain.
Ark raises concern over Coinbase concentration in Bitcoin ETF filings days before potential approval
Friday, December 29, 2023
An amended S1 filing also reduced possibility of in-kind transactions and revealed $1M cost of ETF launch.
Vitalik Buterin outlines new Ethereum PoS strategy for post-Shanghai era
Thursday, December 28, 2023
Buterin outlined a long-term vision for Ethereum's proof-of-stake system that would dramatically reduce the required number of validator signatures.
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