Day: January 9, 2024

Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox presale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are awaiting the approval of spot Bitcoin ETFs in the U.S. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisers believe it will come through in 2024. As a result, investors are turning to Galaxy Fox (GFOX) to diversify their portfolios. Spot Bitcoin ETF poll According to a recent Bitwise poll, fewer than half of advisers expect a Bitcoin ETF to be…

SEC Hustles to Answer Latest Bitcoin ETF Filings: Source

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The issuers should file updated documents on Tuesday, the individual said. The comments addressed minor details in the amended S-1 forms rather than significant changes, and should not affect the timeline for a potential approval by the regulator. Issuers hoping to launch spot bitcoin ETFs in the U.S., including BlackRock, Grayscale and Fidelity, announced their expected fees in filings earlier Monday. Original

Bitcoin Price Rallies 5% and $48K Now Seems Imminent

Bitcoin price was able to clear the $44,500 and $44,700 resistance levels. BTC is up over 5% and might soon attempt a move toward $48,000. Bitcoin is gaining pace above the $45,500 resistance zone. The price is trading above $45,000 and the 100 hourly Simple moving average. There was a break above a key contracting triangle with resistance near $44,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up toward the $48,000 level unless there is a close below $44,000.…

Arbitrum’s New ArbOS 11: A Game Changer for Blockchain and Crypto

The Arbitrum community has recently implemented a significant upgrade with the adoption of the “ArbOS 11 version” proposal. This advancement heralds a series of key changes and improvements to the Arbitrum ecosystem, a prominent layer-2 scaling solution for Ethereum. EVM Shanghai Support and PUSH0 Opcode: ArbOS 11 includes support for the EVM Shanghai upgrade and the PUSH0 opcode. The integration of these elements with Arbitrum chains is crucial as it aligns with the latest versions of go-ethereum, ensuring that even in the event of a delayed upgrade, the Shanghai support…

Lazarus Said to be Moving Bitcoin Around After North Korea Tagged on $600M of 2023 Crypto Thefts

Generally speaking, a coin mixer, sometimes referred to as a tumbler, is a blockchain-based protocol that can be used to obscure the ownership of cryptocurrencies by mixing them with coins from other users before redistributing them – so no one can tell who got what. Typically, the transparency of blockchains makes it a straightforward exercise to track the crypto’s provenance and transfers. Source CryptoX Portal

‘Nothing Left To Decide,’ Bitcoin ETF Approval Imminent

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As anticipation builds around major asset managers’ potential approval of Bitcoin ETF applications, former US Securities and Exchange Commission (SEC) chair Jay Clayton has added his voice to the discussion.  Clayton, who served as SEC chair from 2017 to 2020 during the Trump administration, expressed his belief in the inevitable approval of Bitcoin ETFs in a recent interview with CNBC. Clayton Highlights Key Factors In Bitcoin ETF Approval According to Clayton, approving Bitcoin ETFs is not a matter of if but when. He emphasized the robustness and efficacy of the…

Can the $3 support hold?

Optimism price plunged to a 14-day low of $2.90 on Jan. 8, marking a 30% decline from the $4.18 all-time high recorded on Dec. 27. The rapid price decline came on the back of $2.45 million LONG Optimism (OP) futures contracts liquidations within a frenetic 24-hours. Derivative market data trends provide key insights into how dramatic shifts in Optimism futures trading could impact OP spot price action in the days ahead.  Why is Optimism’s price down?  Optimism price reached an all-time high of $4.18 on Dec. 27 as Ethereum Layer-2 scaling…

Ethereum Poised For Breakout? Analyst Pinpoint Key Levels For Monumental Surge

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So far, Ethereum appears to be showing signs of an impending bullish run, according to Crypto Tony, a renowned analyst in the crypto space. Crypto Tony suggests that Ethereum’s journey to bullish momentum could commence if it successfully maintains its position above the crucial level of $2,130. Fortunately, the asset trades above this price level and appears to be climbing further above it, with its current trading price of $2,264 at the time of writing. Key Levels For Major ETH Rally The $2,130 price mark, as disclosed by Crypto Tony,…