Bloomberg ETF analyst James Seyffart disagreed with the letter, arguing that denying the spot Bitcoin ETF would be a “criminal move.”
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Price analysis 1/5: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, MATIC
Bitcoin is trading just below the $45,000 level as traders await the SEC's final decision on the spot Bitcoin ETF applications.
SEC moves closer to spot Bitcoin ETF approval with 19b-4 amendment filings
As the week draws to a close, 11 spot Bitcoin ETF applicants have submitted 19b-4 amendment forms, with the deadline for the U.S. SEC to approve or deny the product just days away.
Why is Solana (SOL) price down 9% this week?
Solana’s native token SOL dropped under $100 due to reduced demand for the network’s DApps and negative SPL token performances.
Mango Markets hires representative to handle US regulatory scrutiny
Mango Markets's DAO has established a $250,000 budget to handle inquiries from United States regulators.
CertiK’s X account briefly hacked by Forbes impersonator
The scammer posted a malicious message urging readers to revoke approvals using a fake Revoke.cash app.
Why is Bitcoin price down today?
Bitcoin price is down today as traders begin to realize profits ahead of the long-awaited spot ETF decision.
Crypto hacks cost over $1.8B in 2023, ENS token surges: Finance Redefined
Web3 hacks and scams cost the ecosystem $1.83 billion in 2023 despite dropping by half from 2022.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Why a gold rush for inscriptions has broken half a dozen blockchains
Some suggest EVM inscriptions are the latest way for retail traders to access low-cap coins, while others argue it’s an over-hyped fad. Whatever it is, it’s clogging up the blockchain.
SEC delays several Ethereum ETFs, pushing final decision to May
The SEC has pushed back its decision on a roster of Ethereum ETFs, with the final date for a potential approval arriving in late May.
Zcash founder Zooko Wilcox steps down from Electric Coin, naming new CEO
Zooko Wilcox is stepping down as the CEO of Electric Coin Company, the team behind privacy-focused cryptocurrency Zcash (ZEC).
ECC announced a change in leadership on Monday, with Josh Swihart promoted to replace Wilcox.
Picture of Wilcox speaking about the history of privacy on the internet. Source: ECCSwihart previously worked at ECC as one of the firm’s vice presidents of growth from October 2018 to August 2023 but took four months off working as a part-time investor at investment services firm Denver Angels in Colorado, according to LinkedIn.
“We feel confident in Josh’s leadership — in finding product-market fit, unlocking new partnerships and collaboration, improving Zcash usability and increasing adoption,” ECC said in a Dec. 18 post.
“In addition to a vision for ECC and an optimistic passion for Zcash, Josh has a strong entrepreneurial, technical and product background,” the firm added.
US court approves settlement against Binance, firm to pay $2.7B to CFTC
Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.
Coinbase appeals SEC rulemaking petition denial as promised
Coinbase filed an appeal the same day its petition for a rulemaking on crypto used as a security was denied.
UK plan on digital securities sandbox laid before Parliament
The regulations will take effect on Jan. 8, with the Bank of England and the U.K. Financial Conduct Authority operating the sandbox.
The Pope and US regulators warn about AI risks: Law Decoded
The head of the Catholic Church warned humanity of AI’s potential dangers and explained what needs to be done to control it.
Revolut Business reportedly cuts crypto services ahead of new UK rules
The neobank will halt crypto purchases by businesses while it sorts out new ad requirements.
Price analysis 12/18: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, AVAX, DOGE
Bitcoin may remain under pressure for a few days, but a collapse is unlikely, as traders are expected to buy the dips in anticipation of a spot Bitcoin ETF.
Price analysis 12/18: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, AVAX, DOGE
The S&P 500 Index (SPX) rose 2.49% last week, extending its string of weekly gains to seven weeks, the longest such winning streak since 2017. However, Bitcoin (BTC) could not maintain its momentum and succumbed to profit-booking by the bulls. Trading resource Material Indicators said in an X (formerly Twitter) post that “ year-end profit taking and tax loss harvesting” will prevail in the short term.
However, a crash is unlikely because several analysts expect the United States Securities and Exchange Commission to approve one or more spot Bitcoin exchange-traded fund (ETF) applications in January. If that happens, it could prove to be a game-changer for the sector.
Daily cryptocurrency market performance. Source: Coin360VanEck CEO Jan van Eck said in an interview with CNBC that Bitcoin is likely to hit a new all-time high in the next 12 months. He expects Bitcoin to become an accompaniment to gold.
What are the important levels that could arrest the fall in Bitcoin and altcoins? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index witnessed a strong bull move in the past few days, which carried the price above the overhead resistance of 4,650 on Dec. 13.
Price analysis 12/18: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, AVAX, DOGE
Bitcoin may remain under pressure for a few days, but a collapse is unlikely, as traders are expected to buy the dips in anticipation of a spot Bitcoin ETF.