Bitcoin ETF Launches with Ark Invest’s Filing
@ARKInvest has filed for two crypto ETFs tracking the CoinDesk 20 index, one including $BTC and altcoins, the other excluding $BTC. Both will trade on NYSE Arca. #Update #Crypto $BTC $ETH $SOL $XRP $ADA
Crypto Market Structure Draft Gains Democratic Support
The Senate Agriculture Committee’s draft on crypto market structure is facing amendments ahead of its hearing next week, indicating potential shifts in regulatory approaches. #Update #Crypto
Bitcoin Surges Amid Silver’s Altcoin Echo
Bitwise CIO Matt Hougan draws parallels between silver’s recent surge and past altcoin booms, highlighting the wealth effect driving investors from gold to silver. #Update #Crypto $ETH
Bitcoin Dormant Supply Surges into Market
A large wave of dormant Bitcoin has moved after over two years, surpassing past peaks in 2017 and 2021. The market remains stable despite the movement. #Update #Crypto $BTC
Brazil Approves Crypto Banking Rules
The Central Bank of Brazil mandates crypto brokers to gain independent certification for compliance, including asset segregation. #Update #Legal
Binance Revives Tokenized Stock Trading
Binance plans to revive tokenized stock trading, a business line it closed in 2021 due to regulatory scrutiny. Interest in tokenized equities is rising across crypto and traditional finance. #Update #Crypto
Crypto Exchange WhiteBIT Declared Undesirable by Russia
Russia has labeled @WhiteBIT as an “undesirable organization” due to its support for Ukraine, accusing it of facilitating illegal transactions and capital flight. #Breaking #Legal $USDT
CLARITY Act Progress at Risk Amid Shutdown
The CLARITY Act’s progress is jeopardized as the U.S. government shutdown deadline approaches, risking delays in regulatory discussions and proceedings. House passes funding bill; Senate vote expected next week. #Update #Crypto $BTC
Ethereum Refunds $650K to 200 Users
Onchain derivatives platform @Paradex refunded $650,000 to 200 users after a maintenance bug caused unintended liquidations during a database upgrade. The issue was operational, not a hack. #Update #Crypto
Bitcoin Declines as Power Surges in Value
Kevin O’Leary shifts his crypto focus from tokens to energy infrastructure, stating that power generation is now more valuable than Bitcoin. #Update #Crypto $BTC
Bitcoin Flat Gaming Token Soars 300%
Bitcoin trades at $90,895, stuck below a death cross, while @AxieInfinity’s $AXS surges 131% this week amid GameFi token gains. #Update #Crypto $AXS
Ethereum Funding Rates Near Negative Shift
Ethereum’s funding rates are nearing negative as $ETH fails to maintain above $3,000, indicating bearish sentiment with open interest rising 0.68% to 13.36M ETH. #Update #Crypto $ETH
Bitcoin Rebounds Above $90K Post Options Expiry
Silver prices exceed $100 per ounce, driven by Chinese demand and geopolitical concerns. The metal commands a $14 premium in China. #Update #Commodities
US Dollar Faces Steepest Drop on Policy Uncertainty
Grayscale files with the SEC to launch a BNB ETF on Nasdaq, with Bank of New York Mellon as transfer agent and Coinbase Custody as custodian. #Update #Crypto $BNB