Month: January 2024

SEC postpones decision on Fidelity’s spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on Fidelity’s application to launch spot Ethereum (ETH) ETFs. According to information on the regulator’s website dated Jan. 18, a decision on the application is now expected on March 5, 2024. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” SEC filing Bloomberg analyst James Seyffart called the move “expected.” At the same…

Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows

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Data from the trading analytics platform BitMEX Research reveals that Fidelity’s Bitcoin spot ETF – FBTC – has now witnessed a total inflow of over $1 billion. This development comes as BTC attempts to rebound from its recent dip over the last two weeks with a 1.56% gain in the past day, based on data from CoinMarketCap.   Fidelity Joins BlackRock On Exclusive $1-B List, As Grayscale’s ETF Continues To Bleed Following the official launch of Bitcoin spot ETF trading on January 11, Fidelity has now become the second asset manager,…

XRP at near crucial support; Shiba Inu and Borroe Finance may surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Some say that XRP is near a crucial support level. Still, opinions remain mixed. Meanwhile, Shiba Inu’s predictions remain bold. A new entrant, Borroe Finance, is also garnering investor attention, raising over $3 million in its presale. XRP near crucial support  XRP has support at around $0.56 with resistance at $0.68. The market is bearish in the short term but slightly bullish in the long term. If Coinbase wins against…

Litecoin price analysis, investors exploring NuggetRush in ongoing presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin might be undervalued NuggetRush presale in progress NUGX might rally on launch While spot Bitcoin ETFs have not had the desired impact on crypto, BTC briefly rose above $48,000. However, Litecoin (LTC) has yet to benefit. Meanwhile, the ongoing NuggetRush (NUGX) presale is attracting more attention. The project combines memes with utility. NuggetRush is bullish NuggetRush offers a unique blend of gaming utility and meme culture.  As a play-to-earn…

XRP holders focus on new altcoin amid market fluctuations

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP is among the top altcoins. RBLZ hits $0.022 in presale Analysts are bullish on XRP and Rebel Satoshi, looking at their performance in the recent past. XRP may rally Despite the broader market recovery, XRP has underperformed.  On Jan. 10, the U.S. SEC approved all spot Bitcoin ETFs. Before then, altcoins, including XRP, had been trending higher. Despite recent difficulties, XRP rose from $0.5797 on Jan. 10 to $0.5818…

Market Cap Soars, TVL Doubles, And User Base Skyrockets

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According to a recent report by Messari, smart contract platform Algorand (ALGO), showcased notable growth and outperformed the general crypto market during the fourth quarter of 2023. Algorand Outperforms Crypto Market Growth  Per the report, Algorand experienced a surge in market capitalization during Q4 2023, with a significant growth rate of 123%. This substantial increase can be attributed to the overall positive momentum of the crypto market, which witnessed a 53% growth in market capitalization during the same period.  Algorand’s market cap and revenue increased during Q4. Source: Messari Transactions…

The SEC Goes Back to Court

Last summer, the U.S. Securities and Exchange Commission (SEC) sued crypto exchanges Coinbase and Binance, alleging they listed and traded unregistered securities in the form of various cryptocurrencies. This week, the regulator’s legal teams faced the exchanges in court as the companies argued the SEC did not make the case that those cryptos are securities. Source

How Bitcoin Won The Heart Of This Financial Giant

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Franklin Templeton President and CEO Jenny Johnson joined CNBC’s ‘Squawk Box’ to discuss the firm’s spot Bitcoin Exchange-Traded Fund (ETF) offering in the US. In this interview, Johnson shared the reasons for investing in Bitcoin. What Made Franklin Templeton CEO A Bitcoin Believer As she states in the interview, the CEO is known for saying that “Bitcoin is the greatest distraction from one of the greatest disruptions in financial services,” which has led many people to believe that she doesn’t support or believe in the crypto asset. Contrary to this…

Urgent Call For Bulls As Analysts Predict Dire Correction Ahead

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XRP is currently at a critical juncture, as crypto analyst CoinsKid has pointed out. The analyst has raised concerns about the altcoin’s immediate future and emphasizes the urgent need for bullish momentum to prevent a significant downturn. Bulls Should Step In Quick In the post shared on X, CoinsKid stressed that if the bulls don’t step in soon, XRP could face a drastic “macro correction,” potentially plummeting its price toward the $0.38 level. This warning follows a period of declining prices for XRP, which has seen the asset struggle to…

Miners to Hold BTC above $40k

Bitcoin price dipped to a 40-day low of $40,700 on Jan 19, sparking concerns of major liquidations if it loses the $40,000 support.  Since the much-anticipated spot ETF approval verdict, Bitcoin (BTC) has delivered sideways price performance. Another sell-off wave on Jan. 19 saw prices tumble toward $40,000 for the first time since mid-December.  Miners acquired BTC worth $482 million amid market downturn On Jan. 19, Bitcoin price tumbled below $40,700 for the first time in 40 days, having consolidated within the $42,000 to $43,000 range for the better part…