Rebecca Moen 14 Sep 2024 13:12 Tether appoints Jesse Spiro as head of government affairs, leveraging his experience at PayPal and Chainalysis to strengthen regulatory relations amid U.S. scrutiny. Tether, the leading stablecoin issuer, announced the appointment of Jesse Spiro as its head of government affairs. Known for his extensive experience in regulatory relations, Spiro joins Tether from PayPal, where he led the blockchain and digital currency regulatory relations team. This strategic hire comes as Tether navigates ongoing audits and regulatory developments in the United States. Background and Expertise Jesse Spiro has over 6…
Author: Crypto Flexs
Read More
Key Points US Bitcoin ETFs have seen inflows of over $263 million in a single day, the most since late July. Bitcoin price rises to $60,000 amid huge ETF investment Share this article Inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) surged on Friday, pushing net buying to $263 million, the largest single-day inflow since July 22. The strong performance came on a day when Bitcoin broke $60,000, according to TradingView, and the cryptocurrency is up 12% in a week.According to data from Farside Investors, investors have invested about $102 million in Fidelity’s Bitcoin (FBTC), which has resulted in a…
The U.S. Securities and Exchange Commission has long been known to go after cryptocurrency companies that deal in “cryptocurrency asset securities.” But now the agency is arguing that despite its clear use of the term “security,” there was no intention whatsoever to suggest that any of these tokens were actually securities.In a footnote to its amended complaint against cryptocurrency exchange Binance, the agency states that when it refers to a cryptocurrency security, it refers to the entire contract, expectation, and understanding for the sale of that asset, not the cryptocurrency asset itself. In fact, the agency simply uses the term…
Cypherpunk Holdings is renamed to SOL Strategies. The name change is similar to MicroStrategy. Invest millions of dollars in SOL and become a leading validator. Solana has been volatile for months. Institutional confidence has taken a hit after BlackRock and other asset managers suggested there was little demand for a Solana ETF. At the same time, on-chain metrics have looked less impressive as the memecoin craze has lost steam. Still, many are sticking with Solana because of its technology and use cases. One of them is Cypherpunk Holdings, a fund that decided to go all-in on SOL. Cypherpunk Doubles Up…
The overall cryptocurrency market had a relatively stable day, but polygon Matic +4.41% ‘s POL token surged more than 15% Friday morning. The move appears to be related to POL being listed on Binance, the world’s largest cryptocurrency exchange, marking the unofficial end of POL. MATIC Migration.In July, Polygon announced that after a year of community-driven discussions, the MATIC token would be upgraded to POL on September 4th.This change makes POL the new ticker symbol for the native gas and staking token for the Polygon PoS chain, a proof-of-stake sidechain for Ethereum that is compatible with the EVM.“The transition to…
Sophia Williams is making headlines as a senior account manager at MapleX, one of Canada’s fastest-growing financial services companies. Despite her relatively short tenure in the trading world, Sophia has quickly emerged as a powerful talent, proving that experience is not the only criterion for success.A newbie with a natural talent for tradingWith a diverse background and fresh perspective, Sophia entered the financial world with less experience than her peers. However, what she lacked over the years, she more than made up for with her instinctive understanding of market dynamics and client needs. Her approach combines a strong analytical mindset…
As the air gets crisper and the leaves start to change, there’s no better time to freshen up your surroundings and embrace the cozy atmosphere of the season. Whether you’re preparing your home for fall gatherings or simply looking for an excuse to freshen up your space, gift cards can be a fantastic way to kick off your fall refresh. Here are three great options to get you started: Darden, Home Depot, and Wayfair.Make seasonal shopping a breeze with cryptocurrency gift cards for cozy home decor, delicious dining experiences, fall decor essentials, and more.DadenEnjoy cozy fall flavors at your favorite…
Crypto-friendly lawmaker Rich Torres said the U.S. Commodity Futures Trading Commission should be careful about regulating election markets after a judge ruled against the agency. Election markets have existed for years but are on “unsafe and unregulated exchanges,” the New York Democrat said in a letter to CFTC Chairman Rosten Benham on Thursday. Politico I was the first to report this news.“In light of this, the CFTC should embrace and anticipate the ruling,” Torres wrote. “We encourage them to focus on promoting responsible innovation, regulating exchanges, protecting consumers, and protecting the sanctity and integrity of our elections from illegal and…
Cryptocurrency insights firm Santiment says there are now three altcoins worth watching as historically bullish indicators start to flicker. Santiment informed his 188,000 followers on social media platform X that lending platform Aave, metaverse project Decentraland (MANA), and indexing protocol The Graph (GRT) were seeing significant shorting ratios on the world’s largest cryptocurrency exchange, Binance. Short-seller imbalances often result in short squeezes or sharp, volatile bounces that result in a cascade of liquidations of short positions. Santiment says: “Altcoins to watch as cryptos continue to enjoy a strong rally include Decentraland, The Graph, and Aave. All of these top 100…
Layer 1 Blockchain apartment appropriate +2.52% Even in a lukewarm cryptocurrency market, it is showing signs of growth. But as with all things in the blockchain world, the devil is in the details and the data. Aptos recorded 5.4 million active monthly addresses last month, which is comparable to some existing chains. The platform also recorded a record high of 578 million user transactions last month, indicating a lot of activity within the ecosystem. Meanwhile, the APT token has shown resilience, with a small but positive gain of 4.9% over the past 12 months. This is no mean feat in…