Coinbase’s Legal Chief: SEC Is Bent on Choking the Digital Asset Industry

Coinbase’s chief legal officer, Paul Grewal, announced that the crypto exchange has filed a closing brief in the Third Circuit challenging the SEC’s denial of their rulemaking petition. The brief argues that the SEC’s order, which disagrees with claims that SEC rules are unworkable for digital asset firms, lacks reasoned decision-making. Grewal asserts that the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ark Invest exits Ether ETF race, 21Shares rebrands fund

Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), with its name removed from the application filed with 21Shares. 21Shares has submitted an updated application for its Ethereum spot ETF, rebranding the fund from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. Ark Invest has also ended its partnership with 21Shares regarding this ETF. The amended Form S-1 shows no changes to the fees. Despite acknowledging Ethereum’s potential and long-term value, a representative from Ark Invest confirmed that the firm…

Veteran Trader Peter Brandt Predicts 100 Oz of Gold per Bitcoin

Veteran trader Peter Brandt, with over four decades of experience, has highlighted bitcoin’s consistent gains against gold since its inception, foreseeing that 100 ounces of gold will be needed to buy a bitcoin. Meanwhile, Peter Schiff has insisted that the cryptocurrency “has underperformed gold for the past 2.5 years.” Peter Brandt Foresees Bitcoin Hitting 100 […] Original

tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more

Meme coin mania has swept the cryptocurrency market, captivating investors with its blend of humor, speculation, and unexpected gains. At the time of writing, the sector boasted a market capitalization of more than $66 billion and a 24-hour trading volume of $5.3 billion.  Looking at data from crypto price tracking website CoinGecko, the meme sector’s market cap is markedly higher than that of other popular crypto narratives such as AI, DePIN, and layer-2.  Let’s look into the recent trends and forecasts for some of the most talked-about meme coins: Dogecoin…

Top cryptocurrencies to watch this week: NOT, AXS, TIA

Last week saw divergent trends among the top cryptocurrencies. While Bitcoin (BTC) suffered declines, with most altcoins following suit, a select few assets posted significant gains, continuing the rallies initiated two weeks before. However, despite some cryptocurrencies recording gains, Bitcoin’s price drop negatively impacted the broader market valuation. Consequently, the global crypto market cap decreased by 1.16% to $2.54 trillion. Here are our top cryptocurrency picks to watch this week following their notable performances last week: NOT, AXS and TIA prices – June 2 | Source: Santiment NOT spikes 304%,…

Consensus, CZ in jail, crypto scams abound

Today’s edition of the weekly recap: Industry leaders discuss crypto and U.S. regulations at Consensus 2024; Binance founder Changpeng Zhao begins his jail term; fraud schemes and rug pulls rock the industry; plus: a slew of venture capital activity.  Consensus 2024 Cathie Wood suggested that Bitcoin (BTC) was irreplaceable at this year’s Consensus, placing it above all other crypto assets. This contrasts Cardano founder Charles Hoskinson’s stance that Bitcoin could be replaced by “another digital gold.” Tom Emmer, Majority Whip of the U.S. House of Reps, slammed the U.S. SEC…

Pro-Bitcoin President Bukele Begins Second Term in El Salvador

The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains robust. His administration’s notable policies include adopting bitcoin as legal tender. During his first term, over 80,000 […] Original

Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum

This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin […] Source BitcoincryptoexchangeExchanges CryptoX Portal