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Spot Bitcoin ETFs Await SEC Approval On Monday, the U.S. Securities and Exchange Commission (SEC) received final amendments from 10 applicants vying for spot bitcoin exchange-traded funds (ETFs). The deadline for submission was 8 a.m., and the news of potential approvals sent the price of BTC surging past $47,000. Anticipation Builds for Potential Approvals According […]

In a recent Medium post, former Bitmex CEO Arthur Hayes shared his bitcoin price forecast and highlighted the potential impact of spot bitcoin exchange-traded funds (ETFs) on the market. Hayes cautioned that a 30% to 40% correction could occur due to a dollar liquidity "rug pull," especially if U.S.-listed spot bitcoin ETFs have already begun

Arrests Made in Taiwan Crypto Exchange Fraud Case The police in Taiwan have made significant progress in a case involving a cryptocurrency exchange fraud. Two executives of ACE Exchange, one of the largest cryptocurrency exchanges in the region, have been arrested. The individuals are accused of deceiving 100 investors into purchasing fake virtual currencies. The

Bitcoin Price Fluctuations Reflect Mercurial Nature As the decision for the spot bitcoin exchange-traded fund (ETF) looms near, bitcoin's price fluctuations embody its unpredictable and volatile nature. The price of bitcoin reached a peak of $45,922, with intraday values ranging from $43,920 to $44,067. Bitcoin's Vibrant Market Environment In the realm of crypto trading, bitcoin's

A Bitcoin ETF Approval Could Trigger Major Market Movements As the Securities and Exchange Commission (SEC) nears its decision on several pending bitcoin ETF applications, market participants are preparing for potential market impact. Analysts are considering the possibility of a "buy the rumor, sell the news" situation. The anticipation of the SEC's approval of a

The Shift to Cash Creation Methodology The Securities and Exchange Commission (SEC) has recently met with potential issuers of spot Bitcoin ETFs. These meetings have resulted in a significant change in the creation process, with issuers now adopting a cash creation methodology instead of the usual "in kind" transfers. While there has been much discussion

Introduction Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has recently urged investors to pay close attention to the upcoming Bitcoin halving event. In addition to sharing his views on the halving, Kiyosaki emphasized his lack of trust in the U.S. dollar and revealed his significant debt, which he sees

Bitcoin Value Surges as U.S. Equities and Precious Metals Remain Flat Bitcoin has experienced a surge in value over the past day while U.S. equities and precious metals have remained relatively unchanged. Currently valued at $38,376, bitcoin's market capitalization stands at $750 billion. In the past 24 hours, bitcoin has gained 1.5% against the U.S.

Ethereum Price Movement Similar to bitcoin, Ethereum (ETH) has experienced a 2% increase in value against the U.S. dollar on Friday. The price range for ETH in the past 24 hours has been between $2,024 and $2,111, showing a volatile but upward trajectory. Currently, Ethereum has a market capitalization of $250 billion and a 24-hour

Spot Bitcoin ETFs Shouldn't Be Restricted to Cash Only, Says Vaneck Director Gabor Gurbacs, the Director of Digital Assets Strategy at asset management firm Vaneck, has criticized the U.S. Securities and Exchange Commission (SEC) for requiring spot Bitcoin exchange-traded fund (ETF) issuers to use the cash creation method instead of the in-kind model for their