Coinbase CLO Paul Grewal said the dispute with the US financial regulator is about 52 million Americans that own crypto. Grewal appreciated Attorney John Deaton for his amicus briefs in support of Coinbase. Blockchain Association filed an … [Continue reading]
Franklin Templeton’s Ethereum ETF listed on DTCC, no guarantee of SEC approval
Franklin Templeton has launched its Ethereum ETF coded as EZET, as seen on the DTCC website. Franklin Templeton’s Spot Ethereum ETF listing on DTCC does not guarantee S-1 filing approval by the US SEC. ETH price is $3,125 at the time of … [Continue reading]
Bitcoin could face mass selling pressure in response to DTCC’s latest notice
The DTCC issued an important notice announcing 100% haircut for ETFs and investment vehicles that include Bitcoin. No collateral value meaning the financial services company will provide no loans against investments in ETFs, Bitcoin. Crypto … [Continue reading]
Tornado Cash developer Roman Storm’s motion to dismiss accusations rebuffed by US DOJ
Tornado Cash developer Roman Storm’s motion to dismiss a criminal indictment received pushback from the US DOJ. The US Department of Justice charged two developers with conspiracy to commit money laundering, operating an unlicensed money … [Continue reading]
Nearly $450 million worth of tokens unlock to look forward to this weekend and into next week
Yield Guild Games and SingularityNET have small volumes of cliff unlocks this weekend, setting the tone for next week. MEME, DYDX, OP, PRIME, SUI, and ENA tokens worth millions are due for cliff unlocks next week. Token holders should brace for … [Continue reading]
BRETT, a Base meme coin, drops 47% amid FUD that insiders hold majority of supply at launch
Base meme coin BRETT has dropped nearly 50% from its peak price and 34% in 24 hours. Reports of insiders holding over 81% of supply at launch provoked sell-off. BRETT market exploded from $2 million to $850 million in record time but has dropped to … [Continue reading]
Bitcoin Price Outlook: A revisit of $52k is highly likely to shake weak hands before next leg up for BTC
Bitcoin price is trading within a range with expectations of a sideways weekend before eventful week starting Monday. Hong Kong BTC and ETH ETFs to start trading on Monday before Fed meeting next week. In past cycles, BTC has dropped 20% to 25% as … [Continue reading]
Bitcoin price is range-bound, but retrace below $60K seems likely
Bitcoin price is trading within a range with expectations of a sideways weekend before eventful week starting Monday. Hong Kong BTC and ETH ETFs to start trading on Monday before Fed meeting next week. In past cycles, BTC has dropped 20% to 25% as … [Continue reading]
Gold Weekly Forecast: Strength of $2,300 support is an encouraging sign for bulls
Gold fell sharply on Monday but recovered a portion of its losses in the second half of the week. XAU/USD remains technically bullish despite closing the week in the red. The Fed’s monetary policy announcements and US jobs data could impact Gold’s … [Continue reading]
Mexican Peso declines in key pairs on inflation outlook
The Mexican Peso falls against major peers as inflation outlook in US, Europe and UK remains stickier than expected. This will probably lead to interest rates remaining higher for longer providing support to MXN’s counterparts. USD/MXN’s … [Continue reading]