Trading desks are springing into action as bitcoin’s price and crypto dominance test levels not seen for the better part of a year.

The price of bitcoin topped $35,000 for the first time since the 2022 Terra stablecoin collapse after BlackRock’s iShares Bitcoin Trust was listed on the DTCC’s website — driving speculation that SEC approval of a spot bitcoin ETF was imminent. The listing was removed earlier today.

According to experts who spoke with Blockworks, in the immediate aftermath of bitcoin’s surge, derivatives buyers are being forced to unwind short positions, possibly contributing to the price spike. 

In the longer term, volatility indicators may be showing cooling…

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Paradigm’s Fred Ehrsam announced on Tuesday that he’s moving to General Partner from Managing Partner.

“This change allows me to carve out some time to explore areas of science that are of personal passion for me,” Ehrsam said in a post on X. “I have personally been investing in and supporting bio research for several years and am excited to ramp up these efforts.”

Paradigm co-founder Matt Huang has taken more of the leadership role, Ehrsam added. With the new role, Ehrsam will continue to work on crypto policy, and work with Paradigm’s investing and research teams. 

“After starting Coinbase with Brian [Armstrong], I somehow managed to win the co-founder lottery yet…

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Republican members of the United States House of Representatives have chosen Tom Emmer, current majority whip and crypto proponent, as their nominee to be the next Speaker.

According to multiple reports from Oct. 24, Rep. Emmer will be Republicans’ nominee in the next vote to determine a Speaker of the House following a closed-door session. The congressman was one of several candidates weighed by Republicans following the failure of Rep. Jim Jordan to secure enough votes to win the speakership and Rep. Steve Scalise dropping out of the race.

On Oct. 3, U.S. lawmakers in the House of Representatives voted to declare the Speaker seat vacant, effectively removing Rep. Kevin McCarthy from the…

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BlockFi announced Tuesday that it is emerging from bankruptcy.

The company can now seek assets it’s allegedly owed from FTX, Three Arrows Capital and “other companies” according to a statement. 

BlockFi says it will continue to distribute digital assets back to customers and “continue the claims reconciliation process to ensure that client claims are accurately reflected in both asset class and amount and that clients receive fair and equitable distributions of remaining and recovered assets.”

BlockFi said most wallet customers are able to withdraw assets and therefore can submit withdrawal requests. Additionally, BlockFi plans to start distributing assets to loan and BlockFi…

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Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said.

The three-year bond, which is being called a digitally native note, was issued by World Bank lending arm International Bank for Reconstruction and Development to raise funds for sustainable development. It was listed on the Luxembourg Stock Exchange and was completed on Oct. 23.

Related: Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

Euroclear’s digital infrastructure is connected to its traditional platform for secondary…

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Bitcoin briefly topped $35,000 on Monday night, hitting a high not seen in over a year.

The listing of BlackRock’s iShares Bitcoin Trust on the DTCC website fueled the rally, following last week’s false tweet suggesting the company had received the US Securities and Exchange Commission’s approval.

As of Tuesday morning, however, the BlackRock DTCC listing no longer appeared on the website, a fact that did not seem to surprise Bloomberg analysts Eric Balchunas and James Seyffart.

Balchunas said he’s “not totally shocked” by the listing being removed. 

“My guess is they were told to or want to wait until they are days, not weeks or months away. As I said [yesterday] it was…

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The U.S. Securities and Exchange Commission (SEC) will review Grayscale’s Bitcoin Trust ETF filing once more.

Meanwhile, BlackRock’s iShares Bitcoin Trust was recently listed on Nasdaq-traded ETFs maintained by DTCC. The two instances have pushed Bitcoin BTC/USD and the broader crypto asset board significantly higher.   

The BTC Fear and Greed Index, a metric that measures the overall sentiment towards Bitcoin, reportedly stands at 66 indicating its presence in the so-called “Greed” territory.

With Bitcoin breaching all-time high levels, what is in store to see until Benzinga’s Benzinga’s Future of Digital Assets conference in New York on Nov.14. Attend and learn more about what…

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