In a latest development, Nasdaq has submitted a 19b-4 form to the US SEC for the proposed Canary Litecoin ETF. Notably, this filing initiates the official review process for the approval of a spot Litecoin ETF. Notably, the 19b-4 filing is the first official step to get the SEC’s approval on ETFs. This filing therefore … Read more
Pro-crypto Senator Cynthia Lummis is allegedly probing the United States Marshals over the proposed plans to sell its seized Bitcoin (BTC) stash. According to Politico, the investigation hinges on halting the rushed approach of the regulator at a critical time in the country. The US Marshals Bitcoin Sales The Politico report noted that Senator Cynthia … Read more
Powerloom, the composable data layer for next-gen onchain applications, kickstarts the mainnet operations of its Ethereum-based L2. The protocol is set to power a new generation of prediction markets. Powerloom’s token POWER was listed by a clutch of major tier-1 exchanges. Powerloom launches mainnet with 5,300+ nodes According to the official statement by its team, … Read more
Global markets jumped higher after a softer-than-anticipated Consumer Price Index report, with QCP Capital spotlighting noteworthy advancements in both the cryptocurrency space and traditional equities. Market Analysis Says Ethereum and Altcoins Poised for Takeoff as Bitcoin Stabilizes QCP Capital reported that bitcoin climbed 4.13%, touching a peak of $100.8K before settling just shy of the … Read more
The price of XRP has skyrocketed by ~50% this month alone. With this, the altcoin has successfully reclaimed the $3 mark for the first time in 7 years. Despite the recent appeal by the SEC, the Ripple token has maintained its bullish action, highlighting strong fundamentals for the altcoin in the market. Moreover, the 03rd … Read more
The executive order would instruct regulatory agencies to work with the industry and create a crypto council to represent the industry, according to people familiar with the plans.
In the latest development in the Upbit scrutiny, South Korea ordered the platform to suspend its business operations. Citing violations of Know-Your-Customer (KYC) rules and anti-money laundering laws, South Korea notified the exchange about the suspension. Upbit’s future services in the country remain in jeopardy as the exchange has received severe-than-expected sanctions. Upbit To Suspend … Read more
In the last 24 hours, cryptocurrency liquidations have hit $372 million. This is according to data from CoinGlass. The liquidation affected more short position traders as their bet on price movement did not actualize. The broader crypto industry witnessed positive price movement as Bitcoin (BTC) rallied past $100,000 briefly. Bitcoin leads liquidation spike Bitcoin’s resurgence … Read more
Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.
Amid the ongoing bullish recovery in the crypto space, the altcoin market has added significant valuation in a short period. Moreover, bluechip altcoins such as Chainlink successfully reclaimed its important resistance level of $23, highlighting increased positive influence. Considering the present market sentiments, will LINK price achieve a new ATH this AltSeason? In this article, … Read more