Cryptocurrency

In a Sept. 27 order filed in United States District Court for the Southern District of New York, Judge Lewis Kaplan said the United States Marshals Service and the Metropolitan Detention Center in Brooklyn would make arrangements for SBF to wear business attire for the duration of his criminal trial starting in October. Authorities will be responsible for “accept[ing] and maintain[ing]” 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, 2 pairs of shoes, and “appropriate undergarments”.Continue Reading on Coin Telegraph More

Gensler reaffirmed his stance on cryptocurrencies, particularly criticizing what he referred to as crypto “hucksters” and their mishandling of customer assets. Amid these discussions, one of the most critical issues was the SEC’s position on spot Bitcoin exchange-traded funds (ETFs). Gensler disclosed that the agency has yet to determine its course of action following a judge’s ruling in August that mandated a reevaluation of its stance on Bitcoin ETFs.The SEC’s ongoing legal battles have drawn criticism from Rep. Patrick McHenry, Chairman of the House Financial Services Committee. He expressed concerns about the lasting harm the agency’s actions could cause within the industry. However, during questioning, Gensler clarified that Bitcoin does not fall under the category of a security, a statement that has steered a wave of discussion among investors and stakeholders.Despite the ongoing regulatory discussions, Bitcoin’s price remained relatively stable at $26,366, indicating a 0.41% increase over the previous 24 hours. This stability may signal cautious optimism among investors about Bitcoin’s future.Long-term holders of Bitcoin continue to demonstrate their support for the cryptocurrency. Findings from Reflexivity Research revealed that the percentage of Bitcoin supply held by these committed investors is approaching levels not witnessed since late 2015.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Throughout this week, Ethereum has enjoyed remarkable gains, with its price surging by 4.6% since the beginning of the week. The current rise has made this week the most profitable for the altcoin since July.ETH to USD by According to the analyst, is reportedly eager to expedite the launch of Ethereum Futures ETFs. He suggested that the security regulator has asked ETF filers to update their documentation by Friday evening so that they can become effective on Monday and commence trading on Tuesday.While the crypto community eagerly awaits the launch of futures ETFs, the situation is more complex for spot instruments. The SEC recently deferred its decision on Ethereum Spot ETFs from ARK Invest and VanEck, setting new deadlines for both entities — Dec. 26 for ARK Invest and Dec. 25 for VanEck.This article was originally published on U.Today More

Cointelegraph attended the event held at the RAI Amsterdam convention center for the second year running, with the Blockchain Expo forming part of a larger Tech Expo event being hosted in the Netherlands.Continue Reading on Coin Telegraph More

At the time of the announcement, little is known about CommEx’s founders or background. The exchange was launched on Sept. 26, 2023, just one day before Binance announced the sale of its business to the newly created exchange for an undisclosed amount.Continue Reading on Coin Telegraph More

Following months of back and forth, most Celsius creditors recently voted in favor of a plan to see approximately $2 billion worth of Bitcoin (BTC) and Ethere (ETH) returned to creditors.Continue Reading on Coin Telegraph More

Earlier this week, Cameron Winklevoss, the billionaire co-founder of New York-based crypto exchange Gemini, warned that the opportunity to buy Bitcoin before the ETF “floodgates” open is “closing fast.” He suggested that the arrival of institutional investors will resemble an initial public offering (IPO) of Bitcoin.Winklevoss’s comments came after the bitcoin price topped $30,000 per bitcoin, matching its March level just before a U.S.-led crypto crackdown. This surge boosted the combined Bitcoin, Ethereum, and crypto market by around $100 billion in just a week.On June 26, the U.S. Securities and Exchange Commission (SEC) approved the first leveraged Bitcoin futures ETF, with the Volatility Shares 2x Bitcoin Strategy ETF (BITX) scheduled to launch on the Chicago Board Options BZX Exchange on June 27. Other Wall Street giants such as Invesco, Wisdom Tree, and Valkyrie followed BlackRock with their own applications for bitcoin spot ETFs with the SEC.Meanwhile, Gary Gensler, the Chair of the SEC, testified in front of Congress this week about the SEC’s handling of crypto regulation in the US. This comes amid heated exchanges between the Chair and House representatives around the SEC’s approach towards the digital assets ecosystem.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

In a series of exchanges on Thursday, Balchunas and Seyffart indicated that the SEC is looking to expedite the launch of Ethereum futures ETFs. Balchunas noted that the SEC wants this issue “off their plate” before the potential U.S. government shutdown. If Congress fails to agree on or provide funding for the new fiscal year by 12:01 am ET on October 1, a partial government shutdown could affect most non-essential operations of federal agencies, including financial regulators.In anticipation of this scenario, Ethereum futures ETF applicants have reportedly been asked to update their documents by Friday afternoon, potentially enabling them to start trading as early as Tuesday, October 3. Seyffart echoed Balchunas’ sentiment, suggesting that it appears that “the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” However, neither analyst disclosed their sources for this information.As per a note from September 27, there are currently 15 Ethereum futures ETFs from nine issuers awaiting approval from the SEC. The analysts gave these ETFs a 90% chance of launching in October. They also expect Valkyrie’s Bitcoin futures product (BTF) to be the first to hold Ethereum exposure on October 3, followed by pure Ethereum futures ETFs trading the following week due to Volatility Shares’ actions.Despite these developments, Ether spot ETFs remain in limbo. The SEC recently extended the deadlines for ARK 21Shares and VanEck’s Ether spot ETF applications, stating that it needed more time to consider the proposed rule change and related issues. No public comments were received on either proposal. The new deadlines for another delay or decision on these Ethereum spot ETFs are set for December 25 (for VanEck) and December 26 (for ARK 21Shares).As of Thursday, Ether was valued at $1,617, reflecting a 1.6% price increase in the past 24 hours.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More