MicroStrategy chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject applications for related spot ETFs filed by various asset managers, including BlackRock. Saylor predicted in a social media post: May 2nd Presenting at the MicroStrategy World 2024 conference. He also predicted that other cryptocurrencies, including BNB, Solana (SOL), XRP, and Cardano (ADA), will also receive unregistered security designations “down the stack.” Sailor said: “None of them will be packaged as spot ETFs, and none of them will be accepted by Wall Street…” Instead, Saylor argued that Bitcoin (BTC) alone provides full…
Author: Crypto Flexs
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As the United States continues to increase its crackdown on the cryptocurrency industry, Senator Cynthia Lummis is speaking out on behalf of the asset class, calling for clear regulatory guidelines to be established for the industry. In a recent explosive statement shared via her official X account, she made a powerful statement. name Opposes America’s ‘overly aggressive’ approach to regulation. Part of the statement reads: “We are deeply concerned by the Department of Justice’s extremely aggressive assertion that non-custodial software could constitute a money transmission service.” For what it’s worth, it’s not uncommon for Senator Lummis to lend his voice…
Representatives Wiley Nickel (D-Neb.) and Mike Flood (R-Neb.) have recommended that the Securities and Exchange Commission approve the listing and trading of spot Bitcoin exchange-traded fund options amid delays.In a letter to SEC Chairman Gary Gensler on Wednesday, the two lawmakers pointed to the SEC’s approval of a spot Bitcoin ETF so far in January. billions dollar. Axios We first reported the news on Wednesday. “We urge the Commission to either approve spot Bitcoin ETP options without delay or provide an explanation of the differences in the Commission’s treatment between currently traded Bitcoin futures ETF options and spot Bitcoin ETP…
San Jose, Costa Rica, May 3, 2024, ChainwireIn the often confusing and jargon-heavy world of blockchain and decentralized finance, one company is on a mission to lower the barriers to entry. Led by visionary entrepreneur Jonnathan Saborio, Smart Profit Global has built a comprehensive ecosystem designed to enable anyone to confidently explore and benefit from the rapidly growing decentralized economy.What sets Smart Profit Global apart in the crowded blockchain space is its focus on accessibility and education. Initiatives like the proprietary CHEF Method aim to demystify complex topics and provide users with the knowledge they need to make informed decisions.…
As the token price rose significantly, ADA trading volume surged. Despite the price surge, most holders failed to make a profit. Over the past few days, there has been a resurgence of interest in ADA, the Cardano (ADA) token. According to recent data, ADA’s 24-hour trading volume exceeds $550 million. Source: X There’s a long way to go Along with the increase in trading volume, we have also seen growth in terms of price movements. In the last 24 hours, the price of ADA has surged 4.43% and is trading at $0.4498 at the time of writing. Despite the recent…
Twitter co-founder Jack Dorsey said his fintech company Block, Inc. will put 10% of its gross profits from its Bitcoin products toward monthly Bitcoin (BTC) purchases.“Going forward, we will invest 10% of our Bitcoin product gross profits each month into purchasing Bitcoin,” Dorsey wrote in his May 2 shareholder letter, which included better-than-expected first-quarter results.“We were one of the first public companies to include Bitcoin on its balance sheet,” he added. Block purchased $220 million worth of BTC across the fourth quarter of 2020 and the first quarter of 2021.“Our investment in Bitcoin goes beyond technology. “This is an investment…
With the popularity of spot Bitcoin ETFs surging, cryptocurrency investors are now moving to the ongoing ETFSwap (ETFS) presale. Cryptocurrency investors are currently examining ETFSwap (ETFS) amid surging interest in the spot Bitcoin ETF. ETFSwap (ETFS) allows users to access both decentralized finance (DeFi) and traditional exchange traded fund (ETF) markets without purchasing the assets directly. Investors can benefit from tight integration between the two markets by trading and using specific platform features with different tokenized ETFs. These tokenized exchange-traded funds (ETFs) replicate the performance of significant institutional cryptocurrency ETFs such as Blackrock’s IBIT, which oversees $17.6 billion in assets.…
After a smooth launch, please find some note updates below. This will probably only be of interest to the advanced users among you. If you are not a miner, you do not need to take any action. Epoch conversion in 2 hours Let’s start with a brief description of miners. The network will switch eras in approximately 2 hours. If you use the geth/ethminer combo, you should be all set if you choose to use: — Automatic detection flag geth and –No pre-calculation on ethminer. If not, keep an eye on the miner’s creation process. afternoon. Please report any issues…
Investor sentiment towards the cryptocurrency market is not exactly optimistic. Most of this is due to the Bitcoin halving and the continued decline in BTC and ETH values following the FED interest rate decision. The air before was definitely nice. But the market rejected the bull run. The market capitalization of the global cryptocurrency market decreased 8.3% last week to $2.93 trillion. A downturn has significant implications because investors are left with two options. This means holding the cryptocurrency assuming you bought it at the peak or engaging in a red trade (selling it at a loss). Bitcoin and Ethereum…
DeFi • May 2, 2024, 8:40 PM EDT Posted 1 minute ago In ~ The Eigen Foundation is set to airdrop approximately $1,000 of EIGEN each to over 280,000 wallet holders shortly after the community targeted the controversial airdrop. Applicants for Season 1 will receive at least 110 EIGEN, while Season 2 applicants will receive at least 100 EIGEN. said Developers are distributing more tokens after facing public backlash against the EIGEN airdrop plan, including criticism of rules that prohibit claimants from cashing out their allocations over a period of time.The Eigen Foundation did not immediately respond to The Block’s…