Crypto-related stocks including Coinbase Global Inc COIN and MicroStrategy Inc MSTR are trading higher Tuesday as Bitcoin BTC/USD continues to rise on spot ETF optimism. 

What To Know: Bitcoin is up nearly 13% over the last 24 hours and more than 22% over the last week, as the world’s largest cryptocurrency rides momentum surrounding a potential spot ETF. A spot ETF is expected to fuel demand and increase liquidity and is seen as bullish for the broader crypto space.

BlackRock and multiple other major U.S. financial firms recently made changes to their pending applications for spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust is now featured on the Depository Trust and…

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The prosecution needs to establish that Sam Bankman-Fried spent time in Manhattan, the jurisdiction where he is currently on trial for seven federal counts of fraud and conspiracy, and they did so strategically. 

The government presented a series of emails and FBI cell phone tracking data in an effort to depict Bankman-Fried as a hobnobbing, indulgent fraudster frequently seen galavanting around New York City in 2021 and 2022.

From dinners at exclusive hotels with high-rollers to office visits with investors and magazine photoshoots, prosecutors provided more than enough evidence to show the jury that Bankman-Fried was in town, and, as it would appear, out on the town. 

In perhaps the…

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Bitcoin (BTC) marched to 17-month highs on Oct. 24 as exchange-traded fund (ETF) excitement boosted already bullish BTC price action.

BTC/USD 1-day chart. Source: TradingViewBitcoin ETF data listing hints at “time to shine”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,198 on Bitstamp before consolidating.

This represented 17% gains since the prior weekly close and Bitcoin’s highest levels since May 2022.

While back below $34,000 at the time of writing, the mood around the largest cryptocurrency was distinctly optimistic as debate swirled over the potential launch of a Bitcoin spot price ETF in the United States.

Long in the making, appetite for a launch —…

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Sam Bankman-Fried’s lawyers are planning to put forward an expert witness to counter testimony from former Alameda Research CEO Caroline Ellison and other witnesses about the extent of financial ties between FTX and the trading firm.

In an Oct. 23 letter to New York District Judge Lewis Kaplan, Bankman-Fried’s attorneys said Joseph Pimbley from litigation consulting firm PF2 Securities would testify on behalf of the former FTX CEO.

The letter lays out that Pimbley will testify — based on FTX database information — that Alameda’s line of credit with FTX “fluctuated between approximately $1 billion and $3 billion” between October 2021 and September 2022 and decreased in June…

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Crypto exchange Coinbase has refuted rumors it had imposed a $5,000 per week limit on Bitcoin (BTC) withdrawals after a user’s post claiming as such gained traction on social media. 

An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of Bitcoin from Coinbase to a maximum threshold of $5,000 a week.

The post gained over 250,000 views, with more than 420 retweets and nearly 2,000 likes. The post also gained attention of crypto researcher Chris Blec, who asked if anyone could verify the claim being made.

. @Coinbase is limiting bitcoin withdrawls. I just tried to send BTC from Coinbase to my cold wallet,…

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Pseudonymous crypto analyst CrediBULL Crypto believes that the current bull market is just the beginning of the excitement yet to come. 

What Happened: According to CrediBULL Crypto, the largest moves in the market occur when the Relative Strength Index (RSI) surpasses the overbought threshold on higher time frames, starting with the weekly timeframe. 

“You think these last couple of days have been crazy? It’s nothing compared to what we will see in the coming weeks.  The biggest moves occur as RSI pushes into overbought territory on higher time frames, starting with the weekly.  We’re just getting warmed up,” the analyst said about BTC.

These observations come on the heels of…

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Shiba Inu SHIB/USD, a meme coin, has observed a 6% increase in the last 24 hours, as a wider market rally ensues due to optimism surrounding the potential approval of Bitcoin BTC/USD spot ETFs.

What Happened: According to data from Shibburn, a Shiba Inu burn tracker, over 121 million SHIB tokens were burned, resulting in a significant spike of 600% in the burn rate within the past 24 hours. This burning process helps reduce the supply of SHIB.

Furthermore, the trading volume of SHIB has seen a notable surge of 147.39%, reaching $245 million within a 24-hour period. 

Shiba Inu’s surge, along with the rise of other altcoins and meme coins, coincides with Bitcoin’s recent milestone…

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Bitcoin BTC/USD Layer-2 Stacks STX/USD has experienced a surge of 13% within the past 24 hours. This surge is accompanied by a significant spike in trading volume, which has seen a 230% increase, reaching a total of $165 million.

What Happened: The majority of STX trading occurred on prominent exchanges such as Binance, KuCoin, and Coinbase. Binance accounted for the highest trading volume, reaching $27 million, followed by Coinbase with $8.5 million.

This surge in STX’s price and trading volume comes as Bitcoin reached a remarkable milestone, surging past $34,000 on Tuesday morning. The anticipation surrounding the potential approval of spot Bitcoin ETFs has contributed to this surge,…

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