The price of bitcoin has peaked to over $35,000 in the past 24 hours — upwards of a 13% rally on the expectation that bitcoin ETFs would be approved in the US.

At the time of publication, the price of the asset is sitting at roughly $33,000. Bitcoin is not alone in seeing its value rally, however, with the broader cryptocurrency market also benefiting from the price action. 

Between Oct. 16 and Oct. 24, Bitcoin’s market capitalization increased from $500 billion to $650 billion, Luke Nolan, a research associate for CoinShares, told Blockworks. In this same time frame, the crypto industry has seen its aggregate market cap increase by $180 billion, from $1.039 trillion to $1.219…

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Euroclear announced the successful settlement of its inaugural digital note, a World Bank offering on the Luxembourg Stock Exchange, which amassed 100 million euros ($106 million) dedicated to sustainable development initiatives.

In connection with this, it’s worth noting that discussions about the evolving landscape of digital assets will be highlighted at Benzinga’s Future of Digital Assets conference on Nov. 14.

The Brussels-based securities clearing entity, among the globe’s most prominent, indicated that this event signifies the commencement of its digital securities settlement service, Reuters reported.

Also Read: Crypto Surge – Can You Price The Future? How Investors Are Valuing…

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Investors continue to be optimistic that Bitcoin ETFs will be approved.

Signs point to a matter of when and not if. The optimism even helped propel the price of Bitcoin BTC/USD over a key $31,000 level on Monday.

Here’s a look at how much an investment in the leading cryptocurrency would be worth today, based on a key date in history.
What Happened: Investors are stoked for potential Bitcoin ETFs after a federal court ruled against the U.S. Securities and Exchange Commission (SEC) and directed the regulatory agency to review the application from Grayscale Investments to convert its Grayscale Bitcoin Trust GBTC into an ETF.

The decision from the court could expedite the approval of…

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Vodafone Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said.

The proof-of-concept used oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). DAB “provide[d] security and interoperability across IoT devices at the edge of a network.” The proof-of-concept showed the potential of Vodafone Internet-of-Things devices and blockchains to provide data for use in…

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Gio Vicioso, CME’s head of crypto, told Blockworks that his firm has “been prepared” for the bitcoin rally taking place on Tuesday. 

Bitcoin briefly touched $35,000 on Monday before settling around $33,000. The rally is fueled largely by the hope for a spot bitcoin ETF approval — something that the market may not get until early next year. 

“The investor community in general is really abuzz with anticipation for the approval of a spot bitcoin ETF,” Vicioso said.

It’s not just retailers either. Vicioso told Blockworks that a very diversified mix of participants are coming into the space, and “those participants include both crypto natives as well as crypto focused…

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Following a red hot morning of trading on Tuesday, some US crypto stocks lost some of their earlier gains throughout the afternoon. 

Coinbase for instance, which bounced as high as 14% Tuesday, settled at just over $82 a share. Even so, this still represents a more than 6% increase on the day.

The catalyst for all these stock jumps, bitcoin (BTC) itself, dipped from its $35,000 peak on early Tuesday morning to around $33,800 at the time of writing.

Mining companies, the firms with the most to lose and the most to gain on the back of the digital asset, retreated along with bitcoin but stayed in the green. 

Read more: Trading firms scrambling amid bitcoin price surge

One miner that…

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Bankrupt crypto exchange FTX Trading Ltd. is now reviewing offers from three potential buyers.

The forthcoming decisions surrounding FTX’s future are expected to garner significant attention, especially with the crypto community converging at Benzinga’s Future of Digital Assets conference on Nov. 14.

Kevin M. Cofsky from Perella Weinberg Partners, FTX’s investment banker, stated during a Delaware court hearing the company is in discussions regarding binding offers and is set to make a decision by mid-December, Bloomberg reported.

Cofsky mentioned several possibilities, including “selling the entire exchange” with its extensive database of more than 9 million customers, collaborating with…

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Asset management firm AllianceBernstein put out a memo last Monday not so subtly hyping bitcoin over gold, calling the cryptocurrency a “safe haven asset.”

AllianceBernstein (AB) analysts highlight that aside from Bitcoin’s inherent value stemming from its limited supply of 21 million coins — referred to as its “hard money properties” — the asset’s returns are undeniable.

“Since its inception, Bitcoin has consistently outperformed gold,” AB analysts wrote in the Oct. 16 note. “Over [the] last 3 years, Gold has been flat, while Bitcoin is up 150% (despite the 60% drawdown in 2022).”

And over the last five years, they wrote, bitcoin had five times better returns…

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While awaiting a Spot Bitcoin ETF approval, Grayscale announced the FTSE Grayscale Crypto Sector Index Series, a novel way to look at the digital asset market and measure the performance of the rapidly growing crypto space.  

What Happened: Digital currency asset manager, Grayscale Investments launched five crypto sector indices along with London-based index provider FTSE Russell, a subsidiary of the London Stock Exchange, the company announced on Tuesday.

The joint product launch will be called the “Crypto Sector Index Series” including several indices that track the prices of various digital assets according to their use cases. The indices will cover more than 150 protocols and…

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