BlackRock disclosed JPMorgan Securities and Jane Street as intended participants for its proposed Bitcoin ETF before the SEC decision. Original
BlackRock designates JPMorgan, Jane Street as Bitcoin ETF authorized participants
Day: December 29, 2023
Invesco, Fidelity, BlackRock, Others Dot Their Bureaucratic I’s as Likely SEC Action on Spot Bitcoin ETF Looms
Invesco, Fidelity and BlackRock, as well as crypto-focused firms Valkyrie and Bitwise, revealed key details including which companies they would partner with, as well as fees their Bitcoin ETFs would charge if approved. Their so-called S-1 filings are now “ready to party” as Bloomberg ETF analyst Eric Balchunas said on X. Source
Web3 needs to regress before we can progress in 2024 | Opinion
CryptoX – Cryptocurrency Analysis and News Portal On the surface, things now seem very different from a year ago, with Bitcoin (BTC) being more than double the $16,000-17,000 and the total market cap of crypto being comfortably above a trillion dollars. While the prices do indeed reflect… Source The post Web3 needs to regress before we can progress in 2024 | Opinion appeared first on CryptoX. CryptoX Portal
JPMorgan CEO's Bitcoin Bashing Is a 'Do as I Say, Not as I Do' Situation
Jamie Dimon’s bank agreed to play a key role with BlackRock’s proposed bitcoin ETF, just weeks after he told U.S. senators: “I’ve always been deeply opposed to crypto, bitcoin, etc.” Original
Record Crypto Options Volume Expires Pre-Bitcoin ETF Deadline: Analyzing BTC And ETH Reactions
The recovery of the overall crypto market this year has spurred a surge in the digital-asset derivatives market as institutional investors seek exposure to the crypto space. According to a recent Bloomberg report, the deadline for US regulators to approve or reject Bitcoin (BTC) exchange-traded funds (ETFs) has prompted traditional investors to turn to crypto options and futures, leading to unprecedented trading volumes. Crypto Options Trading Hits Record High Before the options expiry on Friday morning, crypto options trading volume reached a new all-time high, with options worth a notional value…
BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF
BlackRock was the first applicant to announce who will acquire the bitcoin on behalf of BlackRock, which is not legally allowed to purchase the cryptocurrency itself. The asset manager has teamed up with J.P. Morgan and quantitative trading firm Jane Street, a filing shows. Valkyrie has also named Jane Street in addition to Cantor Fitzgerald as AP, another filing shows. Many ETF issuers will likely have multiple authorized participants. Original
Decentralized Exchange Built on Osmosis Hit With Oracle Attack, Hacked for $1,140,000 Worth of Crypto
A decentralized exchange (DEX) built on Osmosis (OSMO) was hacked for $1.14 million worth of crypto this week. The Levana Protocol (LVN), which focuses on perpetual swaps, announced on Wednesday that it had been hit with an oracle attack that impacted 10% of its liquidity pools (LPs). Levana says the issue has been resolved and opening positions will relaunch next week. The project notes existing liquidity pools are not at risk of further attack and says impacted LPs will be compensated via future airdrops and protocol fees that were collected…
Avalanche To Support Meme Coins; AVAX To The Moon?
The Avalanche Foundation is expanding its support of meme coins. This move could further boost the popularity of Avalanche, a low-fee and high-throughput blockchain, and even support its native coin, AVAX. Avalanche Foundation To Support Meme Coins Taking to X on December 29, the foundation said it would continue its Culture Catalyst initiative to encourage meme coin activity, among others, including Real-World Assets (RWAs), non-fungible tokens (NFTs), and more. This campaign, they continue, aims to foster innovation and propel the adoption of blockchains by supporting the creation of “new forms of creativity,…
Binance's CZ Denied Permission to Travel by U.S. Judge for the Second Time
Zhao has requested permission to travel to the UAE, where his three children remain. Source
Binance Coin (BNB) Spikes Over 30% in Ten Days As 40,000,000 New Users Join the Crypto Exchange in 2023
The native asset of the world’s largest crypto exchange platform by volume is spiking as new data reveals that Binance onboarded 40 million new users in 2023. According to Binance’s 2023 end of year report, the crypto exchange increased its number of new users by 30% compared to 2022 despite a year rife with regulatory woes. “This year, our organization took responsibility for historical issues and has evolved through leadership change, emerging from it an even stronger business. In 2023, Binance welcomed more than 40 million new users (more than…