The recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has sparked a flurry of activity among potential issuers in the market. With several asset managers now filing amended versions of their S-1 forms, it’s clear that the race to launch an Ether Spot ETF is heating up. One
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US President Joe Biden made a bold move when he vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. This decision showcases a clear political divide between the parties, with Biden highlighting the resolution as a “Republican-led” effort. This veto not only indicates a clash of ideologies but also
Coinbase, a major player in the digital asset industry, recently filed a closing brief with the US Court of Appeals for the Third Circuit on May 31. The brief challenges the SEC’s denial of its rulemaking petition, citing a single, conclusory sentence in the SEC’s order that disagreed with Coinbase’s assertion that current SEC rules
Recently, the U.S. District Court for the District of Utah made a significant ruling by dismissing the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. This decision came as a blow to the SEC, as the judge further ordered the regulatory agency to pay approximately $1.8 million in attorney
Recently, crypto analyst Nick from the Cheeky Crypto YouTube channel shared an incredibly bullish prediction for Cardano (ADA). He confidently stated that he believes Cardano could potentially reach $38 at some point in the future. Despite acknowledging that this significant price target may not be achieved in the near term, Nick emphasized that Cardano’s technological
A groundbreaking collaboration between OKX, a leading cryptocurrency exchange, and Immutable, a blockchain technology company, has recently been announced. This strategic partnership aims to harness the power of Immutable’s zkEVM solution to provide enhanced features and benefits for gamers and game studios. The zkEVM technology, built on Ethereum’s Virtual Machine (EVM), offers improved scalability, reduced
The potential for US spot Ethereum ETFs to launch in June has been a topic of speculation in the investment community. Bloomberg ETF analyst Eric Balchunas has mentioned that there is a possibility for these ETFs to launch by the end of June. While an earlier mid-June launch seems unlikely, Balchunas believes that the latest
In a recent proposal put forth by SEC commissioner Hester Peirce on May 29, the idea of creating a shared digital securities sandbox between the US and the UK has emerged. This initiative aims to extend the existing digital securities sandbox (DSS) operated jointly by the Bank of England and the Financial Conduct Authority (FCA)
The cryptocurrency market has been met with a wave of uncertainty as a prominent crypto strategist, known as Xanrox, has predicted a potential downturn in the price of Bitcoin. Despite the recent surge in price that saw Bitcoin climb above $70,000, Xanrox’s analysis suggests that the market may be entering a bearish phase. Xanrox first
The rise of meme coins in the cryptocurrency market has been accompanied by a surge in questionable launches, especially those associated with celebrities. Lookonchain’s data has shed light on the dangers of trading meme coins, with a recent example being American celebrity Caitlyn Jenner’s JENNER token on the Solana blockchain. Despite doubts about the token’s
