According to the charges, Eric Council Jr. used a fake ID to gain access to a device with SEC account credentials and then falsely said spot bitcoin ETFs had been approved..
A subsidiary of the New York Stock Exchange, on behalf of Grayscale, filed to create a spot Cardano exchange-traded fund.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Eric Council Jr., pleaded guilty for his part in the hack of the SEC's social media account last year about spot bitcoin ETFs.
The SEC delayed a decision on Friday on whether to approve BlackRock's proposal to list and trade options on its spot Ethereum ETF.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Cboe has filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC) to introduce spot XRP exchange-traded funds (ETFs). The filings, submitted on behalf of WisdomTree, Bitwise, 21Shares, and Canary, mark a critical step in seeking regulatory approval to list and trade these investment products. These 19b-4 applications follow the issuers’ S-1 […]
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House Financial Services Committee Republican Chair French Hill released draft legislation to regulate stablecoins.
The SEC is accepting comments on the proposal for 21 days following its publication in the Federal Register.
The U.S. SEC is weighing a proposal to change BlackRock's spot bitcoin exchange-traded fund to allow in-kind redemptions.
The U.S. SEC asked the public to comment on a proposal for converting Grayscale's Litecoin trust into an exchange-traded product.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tenreiro worked at the SEC for over 11 years, first joining as an enforcement lawyer before serving as the agency's chief crypto litigator.
Peirce also urged crypto companies to be patient as the agency decides how to “disentangle” itself from litigation initiated under former Chair Gary Gensler.
The SEC reassigned members of its crypto enforcement team to other departments of the agency, the New York Times reported.
Landon Zinda, former policy director for crypto think tank Coin Center, is the task force’s new senior advisor.
Work is already underway to regulate stablecoins, with Sen. Bill Hagerty introducing a bill on Tuesday to create a regulatory framework.
The cryptocurrency community is abuzz with anticipation regarding XRP’s future price trajectory. Egrag Crypto, a market analyst, anticipates that XRP will experience a significant increase in value, with a potential 70% increase. Related Reading: Chainlink (LINK) Set For $36? Whale Moves Suggest A Big Rally—Analyst If these projections are accurate, XRP’s market capitalization could reach $300 billion in the near future, causing its price to fluctuate between $5 and $6. Nevertheless, the prospective for the future is the source of genuine enthusiasm. The token’s market capitalization could increase to over $1 trillion if XRP sticks to the patterns of previous market cycles, resulting in an estimated price of $20 per coin. Riding On The Success Of Past Cycles XRP has shown endurance over time even if the crypto industry is known to be erratic. Its possible surge is usually connected with past market cycles, in which similar trends led to significant price rise. #XRP – Market Cap ( First $300B – $1.1 T): ????Scenario 1: ????If we look at the channel’s measured move, #XRP‘s market cap could potentially rise to a staggering $4 trillion! ???? While this is possible, predicting the timing of such a move is tricky. If this happens, #XRP‘s price… pic.twitter.com/VfRzRbOKV4 — EGRAG CRYPTO (@egragcrypto) February 1, 2025 With the current positive outlook in the cryptocurrency market, it’s possible that XRP could also see similar growth. Analysts say that XRP’s promise comes from its main uses in decentralized finance and international payments. The $70 Prediction: Is It Realistic? Although some might consider an estimate of $70 unrealistic, it is not just based on wishful thinking. The potential for more institutions to adopt and clearer regulations, which experts see as broader market trends, are key factors driving this increase. Roadblocks Along The Way Still, XRP’s journey presents several difficulties. Legal conflicts like the current SEC case have always caused a lot of ambiguity. Such elements could influence XRP’s price and hinder any possible increase. XRP market cap currently at $133 billion. Chart: TradingView.com XRP Price Action Over the past 24 hours, XRP has fallen 20% to $2.31. Open interest has fallen 5.50% to $6 billion, suggesting some positions are closing. Meanwhile, options volume has fallen 63% to $4.50K, indicating a decline in speculation. In contrast, options open interest has risen 26% to $1.60 million, indicating renewed confidence among long-term traders. Related Reading: XRP Posts Highest Monthly Close Ever—What’s Next? The Journey To $20 And Beyond In the future, it is feasible for XRP to achieve a price of $20 if it is able to surpass the $1.1 trillion market valuation. In anticipation of this prediction becoming a reality, investors and analysts are intently monitoring XRP. XRP is a noteworthy contender for significant future development due to its strong fundamentals and its position in the market, despite the general lack of certainty in the cryptocurrency world. Featured image from DALL-E, chart from TradingView
XRP has ushered in 2025 with a robust bullish performance, achieving its highest monthly close to date. As a result of significant advancements in regulation and institutional adoption, the token’s surge coincides with a growing sense of optimism in the broader crypto market. XRP advanced toward critical price levels during January’s rally, which established the foundation for potential future gains. Related Reading: Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally? XRP Record Monthly Close Sparks Optimism January was an important month for XRP because it reached its highest closing price ever. On January 16, the token hit a monthly high of $3.39, getting close to its record high from 2018. This positive trend, driven by growing market confidence and more people using XRP, has sparked new conversations about its long-term promise. highest monthly close ever for XRP- $3.03 pic.twitter.com/boHBsHi6vP — xoom (@Mr_Xoom) February 1, 2025 XRP’s price has changed a lot. After a big jump and peak in January 2018, its value dropped sharply, falling more than 60% that month and kept going down. It stayed around $0.2700 until it suddenly rose in 2021, but that increase didn’t last long. Renewed Vigor Despite years of underperformance, XRP is now showing renewed strength. Ecosystem growth, positive macroeconomic shifts, including the RLUSD launch, and potential regulatory changes are fueling this resurgence. XRP’s recent price reflects this change. After strong gains in late 2023, it closed January at an all-time high of $3.0359, signaling a potential long-term uptrend. A significant factor in the rapid price fluctuations of XRP, according to market analysts, is its liquidity structure. In contrast to Bitcoin, XRP’s order books are relatively thinner, which facilitates the upward movement of the price through the implementation of substantial purchase orders. Throughout January, this attribute was most evident, as robust demand resulted in rapid growth. Recent Regulatory Changes Seen To Intensify Rally The expected changes in regulations in the United States are an important reason why XRP has been rising lately. There is talk of a possible friendlier environment for cryptocurrency regulations after news that US Securities and Exchange Commission Chairman Gary Gensler has stepped down. This situation has encouraged investors to feel positive, especially about assets like XRP, which has faced regulation issues for a long time. XRP is gaining more attention because of its present momentum and the potential introduction of spot ETFs for altcoins. Market participants are examining other well-known digital assets to see if they can generate the same level of demand as Bitcoin ETFs. The creation of an XRP ETF would attract significant investment from large institutions, further boosting the token’s value. Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC Price Action And Market Sentiment The current trading levels of XRP are indicative of its recent robust performance. At the time of writing, the asset was trading at approximately $2.78, with intraday fluctuations suggesting that volatility will persist. The token momentarily reached $2.95 before slightly retracing, indicating that traders were taking profits and exhibiting bullish strength. Meanwhile, on-chain data indicates that there has been an increase in activity among large holders, who are informally known as “whales.” Some analysts anticipate a potential breakout if key resistance levels are breached in the coming weeks, as their accumulation patterns suggest confidence in XRP’s long-term growth. Featured image from Pexels, chart from TradingView
21Shares is taking a radical step in the crypto investment sector by submitting a spot Polkadot (DOT) exchange-traded fund (ETF) application to the US Securities and Exchange Commission (SEC). If given the green light, this ETF would enable investors to acquire direct exposure to Polkadot without the need to purchase and maintain the cryptocurrency themselves. The 21Shares Polkadot Trust, a proposed fund, is intended to be listed on the CBOE BZX Exchange. Coinbase will be the custodian for DOT tokens. Related Reading: Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January A Step Towards Increasing The Number Of Crypto Investment Options This ETF aims to make it easier for both large buyers and everyday people to buy Polkadot. The blockchain is known for its interoperability, allowing different networks to communicate and share data. 21Shares ETF filing with the SEC. Source: US SEC. 21Shares is trying to bridge the gap between traditional finance and the crypto world by offering an exchange-traded fund (ETF). This will make DOT a more attractive choice for investors who like controlled investments instead of owning cryptocurrencies directly. This follows rising demand for diversified crypto-based ETFs. Although Bitcoin and Ethereum spot ETFs have garnered attention, Polkadot’s participation shows popular interest in alternative currencies. However, the success of this filing depends on how the SEC views Polkadot’s regulatory standing, a factor that could impact the outcome of the approval process. Market Performance Presents Obstacles Polkadot has encountered market obstacles, despite the enthusiasm that fueled the filing. The price of DOT has decreased by approximately 5% in the past year, and it has declined by more than 10% in the past month alone. DOT is currently trading at approximately $6.42, a significant decline from its previous all-time highs. The ETF filing acknowledges that the asset can be unstable and warns buyers about possible risks. Polkadot’s value could still be uncertain, even with an ETF setup, and there’s no guarantee that the token will rise or bounce back soon. Related Reading: XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says Regulatory Risks Might Affect The Chances Of Approval Regarding the security status of this ETF, there are significant concerns about Polkadot’s potential legal standing in the US. Polkadot’s backer, the Web3 Foundation, has attempted to portray DOT as a digital asset rather than a security concern. The SEC’s stance on digital assets is evolving, thus Polkadot’s security status may make it challenging for 21Shares to develop an ETF. Featured image from DALL-E, chart from TradingView
Exchange-traded fund-focused firm 21Shares has filed for a Polkadot Trust in a bid to get the SEC's sign-off.
Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the US saw inflows of approximately $655 million on Jan. 30, reflecting a strong rebound in investor interest. The surge comes after the US Securities and Exchange Commission’s (SEC) approval of a Bitwise fund offering exposure to both assets. Bitcoin and Ethereum ETF flows Data from SoSoValue […]
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Purpose Investments filed a preliminary prospectus with Canadian regulators for the proposed launch of the Purpose Ripple (XRP) ETF.
The SEC approved a filing from NYSE Arca to list and trade shares for Bitwise's combined Bitcoin and Ethereum exchange-traded fund.
A subsidiary of the New York Stock Exchange made its move on Thursday to convert Grayscale's XRP Trust to a spot exchange-traded fund.
Gemini has decided to stop hiring Massachusetts Institute of Technology (MIT) graduates and interns due to the university’s renewed affiliation with former US Securities and Exchange Commission (SEC) Chair Gary Gensler. On Jan. 29, Tyler Winklevoss, the exchange’s co-founder, announced the decision on X, stating that Gemini will not consider MIT candidates as long as […]
The post Gemini to stop hiring MIT graduates over Gary Gensler’s return appeared first on CryptoSlate.
Crypto bettors on Polymarket, a decentralized prediction market, have placed an 87% probability on the US Securities and Exchange Commission (SEC) approving a Litecoin-based exchange-traded fund (ETF) this year. Optimism surged after the SEC initiated a public comment phase for the proposed Canary Litecoin ETF. According to the agency’s Jan. 29 filing, the public has […]
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Gemini CEO Tyler Winklevoss announced that the exchange will not hire MIT graduates or interns until the university severs ties with former SEC Chair Gary Gensler. This decision stems from a long-standing dispute with the SEC, which fined Gemini $21 million over its Earn program. Gensler, who led aggressive crypto crackdowns, has returned to MIT …
The SEC is asking the public to comment on a proposal for the Canary Litecoin ETF, moving the ball forward on next steps toward approval.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.