The U.S. Securities and Exchange Commission’s legal battles against cryptocurrency firms, once likened to David versus Goliath, now resemble Godzilla versus King Kong, given the industry’s growth to a $2.5-trillion market. With the SEC continuing to open up new fronts in its war on crypto, some are now wondering if it has spread itself too thin and has the legal resources needed to fight so many court cases at once against the industry’s largest players. “The fact that these (enforcement actions against crypto firms) are all going on at one time is very significant and absolutely puts a strain on…
Author: Crypto Flexs
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Titan of Crypto, a well-known cryptocurrency trader and expert, made a bold prediction that caught the attention of the cryptocurrency community. prediction Ethereum (ETH) is rising to unprecedented heights while setting the next price target for the cryptocurrency asset at the pivotal $5,300 level. Here are analysts’ predictions: ethereum, It is poised to reap huge profits thanks to favorable market conditions and rising investor confidence. This prediction follows ETH’s recent strong price performance and increasing market optimism. Ethereum’s path to mass rallies Last February, the Titan of Crypto hinted at a bullish cypher pattern forming on the Ethereum weekly chart.…
Biden opposes the House’s cryptocurrency bill but will not veto it. The post White House Opposes FIT21 Citing Concerns About Lack of Investor Protections appeared first on Crypto Briefing.
Grayscale’s Ethereum Trust (ETHE) discount has narrowed to less than 10%, its lowest level since 2021, amid rising expectations of the approval of a spot Ethereum exchange-traded fund (ETF).As of May 21, the ETHE discount has narrowed to 6.66%, according to market data from YCharts. A “discount” refers to when ETHE shares are trading below net asset value (NAV).ETHE discount or premium. (Source: YCharts)ETHE began trading at a discount in early 2021 after Grayscale halted buybacks, reaching nearly 60% by the end of 2022.But that range will begin to narrow in 2023, after Grayscale won a significant legal victory against…
The White House is opposing passage of the 21st Century Financial Innovation and Technology Act, also known as FIT21 or HR4763. “The administration opposes the passage of HR 4763, which would impact the digital asset regulatory structure in the United States,” according to a statement Wednesday. “The Administration will work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets and build on existing authorities to promote responsible development of digital assets and payments innovation and strengthen America’s leadership in the global financial system.” It will be helpful.”The White House said the bill currently lacks “sufficient protections…
Cryptocurrency trading for two Ethereum (ETH)-based altcoins is on the rise as the market expands more broadly, new data shows. According to market intelligence platform Santiment, well-funded investor activity is picking up in layer 2 altcoin OP (Optimism) and fan-centric cryptocurrency project Chiliz (CHZ). “As the cryptocurrency rebound grows (May 20), keep an eye out for increased whale activity among many altcoins such as Optimism and Chiliz. Sudden on-chain activity from the largest traders usually portends large volatility and OP and CHZ reversals.” Source: Santiment/X Bullish is trading at $2.80 at the time of writing, up more than 1% in…
Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the U.S. Securities and Exchange Commission (SEC), arguing that cryptocurrency tokens should not be classified as securities. The New York-based company recently refuted claims that it operated as an unregistered exchange and broker-dealer. This response follows a publication by the SEC. Wells Notice It has indicated to Uniswap Labs that it will recommend legal action against the company. Uniswap Labs disputes the SEC’s claims. in 40-page filing In a filing with the SEC, Uniswap Labs outlined several reasons why the agency…
index The cryptocurrency world has seen an impressive rally recently, with Pepecoin (PEPE) standing out. In the past 24 hours, the price of PEPE has surged 25%, reaching an all-time high of $0.00001177. This massive price increase occurred as PEPE’s market capitalization increased to $5 billion. This shows that investors believe PEPE can climb to new highs.Pepecoin’s sudden rise has caught the eye of experienced cryptocurrency investors like Jameson. Jameson is known for early discovery of promising alternative cryptocurrencies. He saw similarities between the current price chart of PEPE and the chart of Dogecoin (DOGE) before its significant rise in…
Binance Announces Removal of Margin Trading PairsBinance, a popular cryptocurrency exchange, recently announced plans to delist several margin trading pairs from its platform, according to an announcement on its official website. This process will take effect from 6:00 UTC on May 31, 2024.Details of delistingMargin trading pairs scheduled for removal include cross-margin pairs such as MDX/BTC, SEI/TUSD, and SUI/TUSD, and isolated margin pairs including ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, and SEI. /TUSD and SUI/TUSD.Additionally, Binance Margin will discontinue Isolated Margin borrowing for the aforementioned Isolated Margin pairs starting May 24, 2024 at 6:00 UTC. By May…
The UK’s Financial Conduct Authority (FCA) has approved asset manager WisdomTree to list its Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE). BREAKING NEWS: 🇬🇧 Approved by the Financial Conduct Authority. #Bitcoin ETP to be listed on the London Stock Exchange.Gradually and then suddenly 🚀 pic.twitter.com/hMjN24qRMl— Bitcoin Magazine (@BitcoinMagazine) May 22, 2024 The FCA has approved WisdomTree’s physical Bitcoin ETP to begin trading on May 28. The $111 billion AUM company will initially offer its products only to professional investors.The move follows the FCA’s announcement in March that it would no longer object to the listing…