FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.
Bloomberg Intelligence ETF analysts predict that there is a 90% likelihood that the U.S. Securities and Exchange Commission will approve the much-awaited spot Bitcoin ETF applications by Jan. 10.
Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.
With BlackRock's revised in-kind model proposal, it remains to be seen if the SEC would change its mind.
The crypto entrepreneur immediately released a statement defending his crypto businesses after the decline the value of TRON dropped and TrueUSD de-pegged.
The SEC's latest move on Franklin might also apply to Hashdex, analyst James Seyffart said, adding it might set in motion what industry watchers, including ARK Invest's Cathie Wood, have been discussing earlier about a potential full wave of approvals.
These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.
Last week, American investment management firm ARK Invest sold more GBTC shares, specifically 163,722, to earn $5.02 million.
Last week, there were three transactions that transferred BONE tokens to a wallet associated with Binance. This activity sparked speculation about the potential listing of the Shibarium gas fee token on the exchange.
Sun, who acts as an official representative of both crypto exchange platforms, shared his plans to not only cover the losses but also reward users.
A pending altcoin rally is on the horizon as notable trends show alternative coins are gaining strength, crypto analysts say.
Since its successful launch earlier this month, Shiba Ecosystem's The Shib magazine has become a habit for the Shib Army and even those outside the community.
The world's first-ever crypto asset continued to reach new heights as its price lingered between the $37,000 and $38,000 price territory.
Microstrategy is sitting on an unrealized profit of $8,155.91 per BTC or $1,291,896,144.
While it is expected that Lucie would defend the Shiba Ecosystem, considering her loyalty to the community, she has proven that she knows what she is talking about and has evidence to back her claims against fudders or those who spread "negative talks" against the community.
Changpeng Zhao created a buzz on Tuesday when he announced that he was stepping down as the CEO of Binance, and now he is under fire.
The delisting, which takes effect from Friday, is a bold move as it reflects the exchange's commitment to its Special Treatment Rules, which disqualifies the affected tokens and essentially removes them from the platform.
In a presentation shown at the meeting, BlackRock, like ARK Invest, leaned toward a Bitcoin exchange-traded fund (ETF) that uses in-kind creations and redemptions, which goes against the reported recommendations of the commission to BTC ETF applicants.
Days before the historic settlement with the U.S. Department of Justice, Binance transferred $3.9 billion in Tether between its wallets, raising suspicions in the cryptocurrency industry.
In the latest court filing, the SEC identified Cardano (ADA), Axie Infinity (AXS), Algorand (ALGO), Cosmos (ATOM), Chiliz' CHZ, COTI, Dash (DASH), FIL, FLOW, ICP, Decentraland's MANA, Polygon's MATIC, NEAR, OMG, Sandbox's SAND and Solana (SOL) as securities
Powell, who stepped down from his post as the CEO of the exchange this year, called the SEC "masochists" and labeled its latest enforcement action "another assault."
The latest edition of the Bitfinex Alpha report warned about "signs of waning momentum," which, based on history, is usually associated with market declines and selling pressure from short-term holders taking profit.
It was reportedly the largest-ever freeze in the history of USDT, which was made possible with the help of OKX and the DOJ.
ETF analysts believe that the latest update on spot Bitcoin ETF prospectus is a positive move that means the firm and the SEC are actively communicating.
The surge happened after Microsoft CEO Satya Nadella announced Altman will not go back to OpenAI but will work at a new AI unit of the tech giant, along with Brockman, who resigned after Altman's ouster.
Kusama revealed over the weekend that the Shiba Ecosystem is being targeted by a coordinated FUD attack and suggested to the community a few things on what to do with it while urging it to "eliminate FUD."
Solana's recent performance showcased a remarkable turnaround, particularly in terms of Total Value Locked (TVL) and active user base.
While rumors of an imminent SEC approval on the spot Bitcoin ETF filings spread like wildfire online and triggered bullish sentiment, particularly on BTC, it looks like the financial regulator is not yet ready to allow a crypto vehicle to be available this year.
Bitcoin surged to an 18-month high last week when it traded above the $37,000 price level as industry analysts revealed that the commission has an eight-day window to approve all spot BTC ETF applications.
On Sunday, WLD experienced a gain of 22% after a price drop of 12% following the news of Altman's removal as CEO of OpenAI and from its board Friday.