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"The Great Accumulation Race" for Bitcoin as Investment Giants Apply for ETFs

June 22 (Cointime) - Several investment giants, including BlackRock, Fidelity, Invesco, Wisdom Tree, and Valkyrie, have applied for a Bitcoin spot exchange-traded fund (ETF) with the United States Securities Exchange Commission, leading to renewed optimism for its approval.

Bitcoin Surges Above $30,000 as Major Financial Institutions Venture into Crypto

June 22 (Cointime) - Bitcoin surpassed the US$30,000 mark in Asian trading on Thursday, leading gains among the top 10 non-stablecoin cryptocurrencies by market capitalization.

BlackRock's ETF Filing Sends Bitcoin Above $30,000, Other Investment Firms Follow Suit

June 22 (Cointime) - Bitcoin experienced a surge above $30,000 on Wednesday following BlackRock's filing of paperwork for a cryptocurrency exchange traded fund (ETF) with the U.S. Securities and Exchange Commission.

Gemini Co-Founder Cameron Winklevoss Claims "Great Accumulation of Bitcoin" Has Begun as ETF Filing Deadline Nears

June 22 (Cointime) - Gemini crypto exchange co-founder Cameron Winklevoss has claimed that the "great accumulation of Bitcoin" has begun, sparking speculation among investors and enthusiasts. Winklevoss drew comparisons between the previous decade, when Bitcoin emerged as the best investment, and the current decade, which presents an opportunity for the best trade. He emphasized that the window to purchase pre-IPO Bitcoin before ETFs go live and open the floodgates is closing fast. Big players in traditional finance, including BlackRock and Fidelity Investments, have filed for the spot Bitcoin ETF application, boosting investor confidence.

"Howey Test" May Impact Cryptocurrency Bullish Move and SEC Scrutiny

June 22 (Cointime) - The "Howey Test" could affect the bullish trend in cryptocurrencies, as the definition of what constitutes a security is becoming increasingly important in regulatory scrutiny. The Howey Test uses four prongs to determine if an asset is a security, and if it meets all four, it must register with the SEC. Bitcoin and ether appear to fall outside of this test, which could give newer investors confidence and shift the SEC's focus. Deutsche Bank has applied for regulatory permission to operate as a crypto custodian in Germany, while BlackRock has filed for a spot bitcoin ETF.

Crypto Futures Market Registered High Liquidations In The Last 24 Hours

June 21 (Cointime) - The crypto futures market has experienced liquidations worth almost $180 million in the past 24 hours as Bitcoin surged towards $29,000. Liquidation occurs when a futures contract holder accumulates losses equal to a specific percentage of the margin, leading to the contract being forcibly closed.

Bitcoin Surges Above $29,000 as Traditional Finance Players Enter Crypto Market

June 21 (Cointime) - Bitcoin, the largest cryptocurrency by market value, has surged above $29,000 for the first time in a month due to a rise in bullish sentiment in the crypto market.
NFT

NFT Sales in June See 11.60% Increase to $146 Million, Ethereum Dominates Market

June 21 (Cointime) - Sales in the NFT market have increased by 11.60% this week, reaching a total of $146 million, despite a slight drop in transactions. The number of individual NFT buyers has also increased by 95.20% over the past seven days, equating to 664,096 buyers.

Binance.US Bitcoin Order Books Struggle with Poor Liquidity Amid Regulatory Rumbles

June 21 (Cointime) - Binance.US, the US arm of the global crypto exchange, is facing criticism from regulators and has been struggling to maintain some of its largest bitcoin order books. On Tuesday evening, the platform displayed the price of bitcoin at over $138,000 for its tether market, almost 400% higher than spot prices elsewhere.

Bitcoin Surges to $138,000 on Binance.US in Temporary Price Spike

June 21 (Cointime) - According to exchange data, Bitcoin experienced a sudden surge to $138,000 on Binance.US before quickly returning to normal levels. This surge was likely due to low liquidity for Bitcoin against Tether on the exchange, as market depth data shows a smaller buy can have a larger impact on prices. Binance.US's market depth has decreased by 76% compared to May, indicating a decrease in market makers and traders on the exchange. The surge was not caused by a trader willing to pay a 450% premium for Bitcoin, as it currently trades for just over $29,000 in European morning hours.