The U.S. SEC still has to queue up behind secured creditors to receive a payment from Terraform Labs’ multibillion-dollar settlement, if any.
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In a hearing on the fiscal 2025 budgets for both the Securities and Exchange Commission and the Commodity Futures Trading Commission, crypto was — of course — one of the big topics discussed.
Senator Bill Hagerty, R-TN asked SEC Chair Gary Gensler about the timeline for a potential ETH ETF, to which Gensler seemed to confirm that the products would face final approval this summer.
“I would envision sometime over the course of the summer” that the individual issuers would be approved, Gensler answered.
This lines up with previous Blockworks reporting from Ben Strack, who wrote Wednesday that the SEC is still working to get comments back from the potential issuers.
Putting…
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Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date.
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$1M prize to debunk hype over AGI, Apple Intelligence is modest but clever, Google is still stuck on that stupid ‘pizza glue’ answer. AI Eye.
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According to a post by Fox Business reporter Eleanor Terrett, SEC Chair Gary Gensler has indicated that Ethereum-based Exchange-Traded Funds (ETFs) are likely to be approved by the end of this summer
The CEO of the company behind the world’s largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency.
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Bitcoin and altcoins are unmoved by a significant inflation slowdown, as shown in the latest U.S. macro data.
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U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.
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The announcement comes amid a recent surge in BNB’s price, reaching a new all-time high of $717.48 on June 6.
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A recent Bitfinex Alpha report reveals a significant shift in Bitcoin ownership, highlighting a 55% surge in holdings by short-term investors, from 2.2 million BTC in January to 3.4 million by mid-April. This increase, predominantly fueled by the burgeoning popularity of spot Bitcoin ETFs, reflects a robust investment trend at the current market price levels.
Despite potential volatility from short-term ownership, long-term Bitcoin holders exhibit unwavering confidence, maintaining their investments steady with nearly unchanged balances from the previous year. After reaching a peak of $73,666 in March, long-term investors have resumed accumulating, indicating strong belief in Bitcoin’s value stability and growth potential.
The contrasting dynamics between short-term spikes and long-term accumulation underscore a broader bullish sentiment in the Bitcoin market, suggesting a solid foundation for future valuation, akin to previous bull markets. This trend is further reinforced by Bitcoin whales who continue to increase their stakes, reminiscent of pre-2020 activity.