XRP Lawsuit Length Raises Concerns Among Crypto Community and Lawyer John Deaton Caught in the Middle
July 4 (Cointime) - The duration of the XRP lawsuit involving Ripple Labs and the SEC has caused concern among the crypto community, with some questioning the accuracy of information being shared.
XRP Rumor Mill: SEC Denies Gensler Resignation, Shibarium's BONE Price Increase, Ripple Unlocks One Billion XRP from Escrow
July 4 (Cointime) - U.Today presents the top three news stories from the past day, including the SEC's response to rumors of Gary Gensler's resignation, the possible reasons for the recent price increase of Shiba Inu's governance token BONE, and Ripple's release of one billion XRP coins from escrow.
Ethereum Sets Sights on $2,000 Level Despite SEC Setback
July 3 (Cointime) - Last week, the crypto market was affected by the SEC's announcement that it found the Bitcoin Spot ETF filings of BlackRock and Fidelity, among others, inadequate. This caused a decline in cryptocurrency prices. However, Ethereum has since recovered and is now aiming for the $2,000 level, with positive sentiment returning to the digital asset.
Analysts from Bernstein Believe Chances of Spot Bitcoin ETF Approval in the US are High Despite SEC's Stance
July 4 (Cointime) - According to analysts from Bernstein, there is a relatively high chance of a spot Bitcoin ETF being approved in the US, despite the Securities and Exchange Commission's (SEC) tough stance on the matter. The SEC has previously approved futures-based Bitcoin ETFs, which derive their value from Bitcoin futures contracts, from regulated exchanges such as the CME.
Nasdaq Refiles Form for BlackRock's Bitcoin ETF with Coinbase Surveillance Agreement Expected
July 4 (Cointime) - Nasdaq has resubmitted a 19b-4 form for the iShares Bitcoin Trust, a spot bitcoin ETF managed by BlackRock, following similar filings from Cboe exchange last week.
Gemini Co-Founder Cameron Winklevoss Slams SEC for Pushing US Investors into "Toxic" Crypto Products
July 3 (Cointime) - Gemini co-founder Cameron Winklevoss has criticized the US Securities and Exchange Commission (SEC) for its refusal to approve spot Bitcoin exchange-traded funds (ETFs) for the past decade. Winklevoss argues that this has forced US investors into "toxic" and "unregulated" crypto products, such as the Grayscale Bitcoin Trust (GBTC), which trades at a significant discount to the price of Bitcoin and charges high fees.
Bitcoin Trades Steadily Above $30.5k Despite SEC Blocking Spot Bitcoin ETFs
July 2 (Cointime) - Over the weekend, Bitcoin remained steady above $30.5k, with both longs and shorts experiencing 24-hour liquidations totaling $32.7M and $34.2M, respectively.
ARK 21Shares Amends Bitcoin ETF Application with Surveillance Sharing Agreement
July 3 (Cointime) - If the SEC approves BlackRock’s application for this reason, it will have to approve ARK 21Shares’ application, which is due six days earlier. This means that if ARK 21Shares’ application is approved, it will become the first Bitcoin spot ETF, potentially giving it a significant share of the market for this new investment instrument.
Several US Financial Institutions Resubmit Bitcoin ETF Applications
July 3 (Cointime) - On Friday, it was reported that the SEC had deemed the ETF registrations submitted by several major financial institutions, including Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco, as "inadequate." Following this development, four institutions resubmitted their spot bitcoin ETF applications. According to an article by WSJ, a Cboe official acknowledged that the exchange plans to resubmit its spot bitcoin ETF registrations.
Cardano's Recovery Stalls at $0.3 Hurdle Again Amidst Fluctuating Funding Rates and SEC Labeling Weighing Over Price Performance
July 2 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Cardano's recovery has been halted at the $0.3 hurdle and the US SEC labeling it as a security is still impacting its price performance.
