Day: January 10, 2024

What After Bitcoin ETF Approval? Ether (ETH) ETF Could Be Next

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin Supply in Profit Nears 90% as Price Anticipates SEC BTC ETF Approval

boss

However, CryptoQuant analysts warned in a recent report that high unrealized profits amongst bitcoin holders raise the risks of a sharp price decline. That’s even as rising demand for the Grayscale Bitcoin Trust (GBTC), which has applied for approval to convert to an ETF, narrowing discounts between the GBTC share price and its net asset value, and increasing trading volumes indicate strong anticipation for the spot ETF approval. Original

Traders Seek Protection From BTC Price Declines, Deribit’s CCO Says as ETF Deadline Looms

The cryptocurrency has rallied over 60% since early October, largely on expectations the U.S. Securities and Exchange Commission (SEC) will greenlight one or more spot ETFs in early 2024. “Buy the rumor, sell the fact,” an old Wall Street adage, represents the idea that traders tend to buy an asset in anticipation of positive news, eventually closing their positions once the news is confirmed. Source

Is Stacks The New Safe Haven? STX Soars 16% In Wild Market

boss

In a stunning divergence from the recent altcoin carnage, Stacks (STX) has emerged as a beacon of green. The token has not only weathered the storm but thrived, soaring for seven consecutive weeks and etching its highest price point since March 2023. At the time of writing, STX was trading at $1.80, down 10% in the last 24 hours, but managed to sustain a solid 16% rally in the last seven days, data from Coingecko shows. This bullish defiance is no fluke. Stacks broke through a key resistance level, showcasing…

US Senators urge SEC for clarity following misleading tweet on Bitcoin ETFs

boss

U.S. Senators J.D. Vance and Thom Tillis have urged the Securities and Exchange Commission (SEC) to provide a detailed report to Congress regarding the Jan. 9 breach of X account. In their Jan. 9 letter to SEC Chair Gary Gensler, Vance and Tillis expressed deep concerns about the SEC’s cybersecurity measures, citing the incident as contradictory to the SEC’s mission of protecting investors, ensuring efficient markets, and aiding capital formation. The letter was in reference to the widely cited breach that led to the dissemination of false information about the…

Ethereum’s price surges despite the market-wide chaos

The crypto market witnessed decline after false news about a Bitcoin (BTC) exchange-traded funds (ETF), but despite bearish sentiment in the market, Ethereum (ETH) posted gains. ETH gained 3% in the past 24 hours and is trading at $2,380 at the time of writing. The second-largest cryptocurrency even got close to the $2,400 mark as the hacked X account of the U.S. Securities and Exchange Commission announced the approval of a spot BTC ETF. ETH price, whale activity, open interest and RSI – Jan. 10 | Source: Santiment Ethereum’s market…

Fox Corporation and Polygon Unveil “Verify for Blockchain-Based Content Authentication

Fox Corporation has partnered with Polygon to launch ‘Verify’, a groundbreaking tool designed to authenticate digital content. This innovative protocol, based on the Polygon proof-of-stake (PoS) blockchain, marks a pivotal moment in the battle against AI-generated media and deepfakes, ensuring the integrity and provenance of digital media content. The Challenge of AI-Generated Media The rapid advancement of AI technologies has led to the proliferation of AI-generated content, ranging from articles and audio to images. This has posed a significant challenge in distinguishing authentic content from fabrications. With AI-generated deepfakes becoming…

SEC lawyers to investigate market manipulation amid fake news about Bitcoin ETF

boss

Lawyers for the U.S. Securities and Exchange Commission (SEC) are calling for an investigation into possible market manipulation. In a conversation with Fox Business, SEC lawyers said that the regulator will investigate itself for market manipulation after moving the price of Bitcoin (BTC) up and down on the basis of a fake post published on the SEC’s X account. The price jump occurred after a false message about approving a spot Bitcoin ETF on Jan. 9. “That said, for the SEC not to approve tomorrow would be unprecedented; it has…

Can Avalanche Find Traction After 15% Plunge?

boss

AVAX, native token of the Avalanche network, made a resounding entrance into the cryptocurrency markets at the onset of the year, establishing itself as a prominent player and outpacing many other altcoins. The initial enthusiasm surrounding AVAX, however, underwent a notable transformation as the narrative took an unexpected turn. Presently, the token finds itself perched at $36.65, reflecting a marked shift from its earlier bullish trajectory. Over the last seven days, AVAX has encountered a challenging period, sustaining a 15% loss. AVAX Downturn Sparks Concerns, Social Silence The reasons behind…