The latest movements of ETH stashes by Celsius and FTX underscore the strategic reactions of both crypto businesses to the positive movement of the market.
Bitwise predicts Bitcoin to hit a record high surpassing $80,000 next year, crediting this surge to two main factors: the Bitcoin Halving event and the upcoming launch of a spot Bitcoin exchange-traded fund (ETF) in the U.S.
The details were presented by BlackRock to the officials at the U.S. Securities and Exchange Commission (SEC) late last month in its proposed "In-kind Redemption Prepay."
In its recent filing, the spot Bitcoin ETF registration underlined that it will only use cash creations in response to the SEC's instruction to use the cash redemption model.
Recent accounting rule adoption allows crypto companies and private institutions holding crypto assets to record their tokens at fair value, with changes reflected in net income.
CFTC Chair Rostin Behnam says that "under existing law, many of the tokens constitute commodities."
The filing also underlined that what the agency recently submitted to the court was "an impermissible supplemental brief that identifies no new 'authority' and instead attempts to introduce new factual information and arguments."
The 76-year-old legal expert also disclosed how Bankman-Fried made things all the more challenging when he went off the script during his testimony, eventually making his case "unwinnable."
The decision was made after the U.S. and South Korea made extradition requests to prosecute the crypto entrepreneur on charges related to the collapse of the TerraUSD stablecoin.
BlackRock once again sat with some SEC officials — something it appears to have been doing regularly over the past weeks as anticipation for the possible SEC decision on spot Bitcoin ETF applications heightens.
FTX, in its filing to a Delaware court, called the IRS' tax claim "meritless."
The changes, as per Google, are based on the latest criteria in its certification process, among which Cryptocurrency Coin Trusts are allowed to create and serve ads on Google granted that they can meet the requirements and secure a Google certification.
The recent development suggests that the SEC could be ironing out details before finally approving some spot Bitcoin ETF applications.
Despite the net outflow, HTX occupies the 15th spot in CoinMarketCap's top cryptocurrency exchanges.
The historic deal with U.S. authorities did not include a settlement with the SEC, which means the regulator can still pursue whatever legal action it plans against the exchange, including moving forward with a lawsuit it filed against Binance and its then-CEO Changpeng Zhao in June.
The court filing comes a few days after a court sided with the U.S. Department of Justice and prohibited the crypto mogul from leaving the U.S. until his sentencing.
After BlackRock submitted another amended prospectus last week, VanEck followed suit with its fifth amendment, showing a unique Bitcoin ETF ticker, HODL.
While BlackRock's Bitcoin ETF listing pushed the value of Bitcoin to a new high, Fidelity's listing did not have the same impact on the price of the "king of crypto."
District Judge Richard Jones of the Western District of Washington sided with the Department of Justice on Thursday and decided not to allow Zhao to return to UAE until his sentencing.
Binance filed the application for an operating license with Abu Dhabi Global Market last November. The exchange withdrew it on Nov. 7.
The ongoing discussions include "substantive details, some of which are usually discussed near the end of an ETF application process," a report has claimed.
During closed-door discussions, Montenegro's Justice Minister Andrej Milovic reportedly mentioned his plans to extradite Do Kwon to the U.S., where is facing multiple criminal charges.
Not everyone was pleased with the latest development in the cryptocurrency industry and Dimon was one among them. He said he would close the industry down if he had the power.
Bukele said that it has never been El Salvador's objective to sell its Bitcoin and while he confirmed that they are well aware the crypto asset's price will fluctuate, he underlined that it does not impact the country's long-term strategy.
Late last month, the Montenegrin High Court announced that it has "approved the extradition" of Kwon as requested by his home country South Korea and the U.S.
Industry experts and ETF analysts scrutinized the amended prospectus and discovered that BlackRock had seeded its ETF on Oct. 27. It was the same month when the crypto community found the Bitcoin ETF ticker of the firm listed on the website of the Depository Trust and Clearing Corporation.
Over the past weeks, Bitcoin continued to rally, pushing its value up on the anticipation that the U.S. Securities and Exchange Commission (SEC) would soon announce the country's first-ever spot Bitcoin exchange-traded fund.
While the act is viewed as operational or part of the process before its launch, for some, it is a positive indication that the U.S. will have a spot Bitcoin ETF very soon.
A report attributed the surge to "a culmination of various factors, including a notable shift in the dynamics of the futures market compared to the spot market."
It is not yet clear whether prosecutors want to move forward with the ex-crypto mogul's second trial in March, where he will be tried for five charges.