Share: The SFC and the Hong Kong Monetary Authority jointly issued a circular informing their readiness to accept crypto spot ETF applications. The Securities Futures Commission is prepared to accept applications for authorization of funds with … [Continue reading]
Ethereum price could crumble under rising selling pressure
Share: Ethereum supply on exchanges increased rapidly in the past three days. ETH token inflow to exchange platforms climbed 62% last week. Ethereum price could face selling pressure from the rising token reserves, pushing ETH … [Continue reading]
Four altcoins most likely to bounce during Christmas holidays: LTC, STORJ, ILV, DYDX
Share: Storj, Illuvium, Litecoin and DYDX note extreme negative sentiment from market participants. Analysts state that increase in negative sentiment is correlated with likelihood of price bounce in altcoins. On-chain metrics support bullish … [Continue reading]
SEC offered to announce XRP is a security, three years ago: Ripple CLO spills the truth
Share: Ripple was offered a settlement by the US SEC three years ago on December 23, according to CLO Stuart Alderoty. The SEC would announce to the market that XRP is a security and the market would be given a short window to “come into … [Continue reading]
Arbitrum price rallies 22% as DAO prepares to vote on EVM Shanghai support proposal
Share: Arbitrum price corrected by 5% in the past few hours after registering a 22.5% increase in the last 24 hours. The development team proposes the ArbOS Version 11 AIP, which would make the chains EVM Shanghai compatible. Earlier this week, the … [Continue reading]
Ripple CEO calls out SEC Chair’s hypocrisy for saying crypto space is non-compliant
Share: XRP price flipped the 50-day EMA into a support line, however, the altcoin is expected to consolidate. SEC Chair Gary Gensler took a jibe at the crypto market on Wednesday, stating there is a lot of noncompliance in the space. Ripple CEO … [Continue reading]
Optimism price skyrockets by 37% in a day as it onboard first L2 network to its Superchain
Share: Optimism price marked fresh 2023 highs before the year ends with a 37% rise in 24 hours. The rally resulted in the liquidation of $4 million worth of shorts contracts. Optimism onboarded the first layer-2 chain Lisk to its Superchain … [Continue reading]
XRP price notes sideways momentum as bullishness declines despite downtrend breakout
Share: XRP price flipped the 50-day EMA into a support line, however, the altcoin is expected to consolidate. SEC Chair Gary Gensler took a jibe at the crypto market on Wednesday, stating there is a lot of noncompliance in the space. Ripple CEO … [Continue reading]
BlackRock plans to seed its spot Bitcoin ETF with $10 million; could launch shortly after approval
Share: BlackRock, according to a new prospectus, seems to be seeding the spot Bitcoin ETF with $10 million. The expected seeding set for January 3 is 100 times larger than the October seeding of $100,000. BlackRock submitted an updated filing on … [Continue reading]
Polkadot Price Prediction: DOT likely to crash 10% with history likely on repeat mode
Share: Polkadot price breached the $7.396 level, which has historically proved to be formidable, going back to 2022. DOT could drop 10% amid selling pressure due to the aforementioned level, potentially revisiting the $7.000 psychological level. … [Continue reading]