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The U.S. Securities and Exchange Commission delayed multiple decisions on proposed spot Bitcoin (BTC) ETFs ahead of a possible government shutdown . Pending applications from VanEck, WisdomTree and Fidelity were all delayed on Sept. 28, per The Block. The regulator said it was instituting additional proceedings to determine whether the proposed ETFs should be approved or disapproved. The SEC asked for input from commentators, who have 21 days to submit written data, views, and arguments. There’s another 35-day rebuttal period, which suggests the approval process will drag on for at least a few more months. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. SEC’s WisdomTree filing You might also like: SEC delays Bitcoin ETF proposal, seeks public input Do commenters agree with the Exchange that the Chicago Mercantile Exchange, on which CME Bitcoin futures trade, represents ...

The cryptocurrency market saw its capitalization rise 0.18% over the past 24 hours. MATIC, LINK and ETH all saw their prices rise while the market leader BTC printed a 24-hour loss. LINK was able to achieve an impressive 4.47% gain, adding to its stellar weekly performance. The majority of the cryptocurrency market printed gains throughout the past trading day. At press time, CoinMarketCap data indicated that the market’s collective capitalization rose 0.18% during this period. Despite this slight increase over the past 24 hours, traders and investors were unable to reach consensus regarding which direction the market should move in. Most notably, the market leader Bitcoin (BTC) saw its price drop 0.37% over the past 24 hours, while the largest altcoin in terms of market cap, Ethereum (ETH), was able to achieve a 0.86% gain during the same period. As a result, BTC was changing hands just below the psychological $27K mark at $26,933.43. Meanwhile, ETH’s price ...

VanEck Previews Ethereum Futures ETF with Quirky TV Ads Amid Anticipation of Early Launch; Investment manager VanEck is revving up its marketing campaign for its forthcoming Ethereum futures exchange-traded fund (ETF), with analysts suggesting it could hit the market as soon as October 2. VanEck unveiled two TV commercials under the theme “Enter the Ether” on September 28, teasing the imminent launch of its Ethereum Strategy ETF , tagged with the ticker EFUT . The commercials were released concurrently with a press statement from VanEck , announcing that EFUT would be listed on the Chicago Board Options Exchange and managed by Greg Krezner, VanEck ’s Head of Active Trading. Eric Balchunas and James Seyffart, Bloomberg ETF analysts, speculate that the TV ads indicate Ethereum futures ETFs might launch sooner than expected. Seyffart believes that VanEck’s new ETF could debut as early as Monday despite a document from September 29 stating that it would only ta...

Valkyrie recently received approval to offer Ethereum futures in its existing ETF. The approval pushed ETH’s price to a three-week high of $1,686. On-chain analytics showed that Ethereum was trending after the launch of Ethereum futures ETF. United States-based financial services firm Valkyrie Funds LLC recently received the approval to offer Ethereum futures in its existing exchange-traded fund (ETF). Valkyrie’s latest move pushed ETH’s price to a three-week high of $1,686, adding more than $8 billion to the cryptocurrency’s market capitalization. The altcoin’s popularity soared as on-chain analytics from Santiment showed Ethereum trending online.  Valkyrie began adding Ether futures to its existing Bitcoin futures ETF after the U.S. Securities and Exchange Commission (SEC) gave the green light for the same. The ETF will now be called the Valkyrie Bitcoin and Ether Strategy ETF. The financial services firm’s Chief Investment Officer Steven McClurg stated tha...

Michael van de Poppe revealed that ALGO will have to overcome $0.105 before it can make a bullish move up. A significant bullish technical flag was recently triggered on ALGO’s daily chart, which could allow it to overcome the $0.105 resistance soon. ALGO was trading hands at $0.1 after its price was able to increase by more than 4% over the past day. Renowned cryptocurrency trader and analyst, Michael van de Poppe, revealed on X yesterday that he is still bullish on Algorand (ALGO). According to the analyst, ALGO might still have to test the lows around $0.09 before the token’s price can start looking to make a move up. Van de Poppe also predicted that flipping resistance levels will be key for ALGO to start activating a bullish trend. In particular, the analyst pointed out that ALGO will have to overcome the $0.105 resistance and flip it into a support before a bullish move can happen. Request 02 – $ALGO Still unchanged. Through that I'm assum...

Invesco, Bitwise and Valkyrie are the other three firms that were hit with delays by the SEC. The United States securities regulator has delayed the decision on several spot Bitcoin exchange-traded fund (ETF) proposals, including BlackRock, ahead of an anticipated government shutdown.  Invesco, Bitwise and Valkyrie are the other three firms that were hit with delays by the Securities Exchange Commission in separate Sept. 28 filings. Bloomberg ETF analyst James Seyffart is also expecting the applicants of Fidelity, VanEck and WidsomTree to be pushed back by the securities regulator. ANOTHER: @BlackRock joins the party on spot #Bitcoin ETF delays . Three out of seven down. https://t.co/Cn9DSibqf8 pic.twitter.com/eJTzDNInCi — James Seyffart (@JSeyff) September 28, 2023 The latest delays by the SEC come two weeks ahead of the second deadline for many applicants who were expecting to hear from the securities regulator by Oct. 16-19. The U.S. Government is looking at a potential ...

Prosecutors asked that Sam Bankman-Fried be kept in jail before his criminal fraud trial starts next week, arguing that he’s a danger to the community and may flee if released temporarily. The government argued in a letter to Judge Lewis Kaplan that Bankman-Fried’s claim that he’s unable to participate effectively in his own defence while in jail is not outweighed by the risks of releasing him, especially in light ”of the defendant’s prior course of conduct.”  The letter described the risk of his release as “danger to the community and/or flight.“ It also said Bankman-Fried’s motion for a temporary release “recycles” generalized claims and cited two previous times when the court objected to similar requests. The prosecution also argued that there was an absence of details showing specific materials that Bankman-Fried claimed he has been unable to access in jail and the reasons why that would impede his defence. ...

Author: Elven A recent court filing revealed the details of FTX's crypto holdings. The presentation provides an overview of substantial payments made by the company, once the biggest global crypto exchange, to senior executives, including its founder, Sam Bankman-Fried, before its November bankruptcy filing. And an assessment of the value of the various asset classes currently held by FTX. The value of cryptocurrencies held by FTX is critical to FTX's creditors, yet as seen in the documents, the value of some of FTX's cryptocurrency holdings is hard to put a value on. Elven, a leading accounting platform for crypto assets, gives an interpretation from the court filing that might be helpful to investors and crypto firms to learn from: How many crypto assets are held by FTX? How does liquidity influence the valuation of crypto assets? How are pre-ICO tokens valued? How many crypto assets are held by FTX？ As of August 31, FTX held a total of $3.4 billion in crypto assets, con...

Most investors want to end the year on a high note. As such, they are actively exploring multiple projects, including Tradecurve Markets, a hybrid exchange. Amid this development, experts note that PancakeSwap (CAKE) and ApeCoin (APE) have lost their shine. PancakeSwap partners with Transac PancakeSwap, a decentralized exchange, has partnered with Transac to attract more users, allowing them to trade efficiently. Traders can use fiat payment methods like bank transfers and credit cards. This feature was unveiled after the release of PancakeSwap v3.  You might also like: PancakeSwap launches v3 with new features Despite this partnership, CAKE remains under pressure . On the monthly chart, CAKE is down 9%, trading at $1.15. ApeCoin’s network activity plunges Despite tabling fresh proposals for upgrades, APE remains under pressure, down 24% in the last 30 days. Presently, APE is changing hands at $1.13.  Earlier, ApeCoin developers had introduced four improvemen...

Uniswap Foundation is requesting for $62.37 million to support growth of the Uniswap ecosytem. An on-chain vote on the foundation’s proposal will be taken on Wednesday, October 4, 2023. The Uniswap Foundation has submitted a governance proposal request ing for $62.37 million funding as it looks to continue supporting the Uniswap’s ecosystem growth . Uniswap Foundation eyes $62.37 million funding Today’s proposal follows last year’s request that asked for $74 million in funding to create the Uniswap Foundation. A governance vote granted the proposal, with funds split in two tranches as had been request ed.  At the time, the idea was that the second of the tranches would be request ed via an on-chain vote – which is what the UF has done. “ The reason for breaking our funding into two tranches was to allow for the UF to finalize the completion of its legal entity, and to formally receive non-profit 501(c)4 status from ...

XRP recorded a 0.22% loss over the past 24 hours to trade at $0.4997 at press time. The altcoin’s latest price drop led to the formation of a breakout chart pattern on XRP’s daily chart. Should bulls identify XRP’s current price as a buying opportunity, the altcoin’s price could rise to as high as $0.5635 soon. Ripple (XRP) recorded a 0.22% drop in its price over the past 24 hours, according to CoinMarketCap. Subsequently, XRP’s price stood at $0.4997 at press time. Most notably, this latest drop in price added to the negative weekly streak recorded by XRP, which also dragged its price to a key support level that may be identified as a good buy opportunity. Daily chart for XRP/USDT (Source: TradingView) A symmetrical triangle had formed on XRP’s daily chart over the past 2-3 weeks. This specific chart pattern suggests that the altcoin’s price may breakout soon. Meanwhile, the remittance token was trading slightly above the significant support level at $0.4...

Analysts at Elliptic estimate over 140 unique crypto addresses have been involved in the global fentanyl trade. Fentanyl precursor suppliers received over $32 million worth of crypto over the past few years as the synthetic opioid epidemic continues in the U.S. According to data from Elliptic, around 80 individual clusters featuring 144 unique crypto addresses have been involved in the exportation of fentanyl precursors to major Mexican drug cartels such as the Sinaloa Cartel and Cartel Jalisco Nueva Generación. Although crypto is not the only payment method in the chain, Elliptic found that suppliers are open for payments on the Bitcoin (BTC), Ethereum (ETH), and TRON (TRX) blockchains — mainly for Tether (USDT) transactions — as well as one Monero (XMR) address. Crypto payments for fentanyl precursor suppliers | Source: Elliptic You might also like: U.S. drug regulator mistakenly sent $55k to scammer However, USDT is not the dominant asset used in the scheme as...

The move follows the crypto exchange's successful VASP registration in Italy. Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain. According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union (EU) member states and European Economic Area (EEA) countries. Meanwhile, the VASP registration in Spain allows Kraken to offer exchange and wallet custodial services to Spanish residents. The firm is also registered as a VASP in Italy and Ireland. Kraken's vice president of global operations Curtis Ting commented: "We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence." The platform currently supports over 200 trading pairs across six fiat currencies — the British pound, euro, U.S. dollar, ...

Crypto Quant’s report shows that Bitcoin’s spot trading volume dropped to a six-year low. Transaction volume fluctuated between 8 and 15 thousand daily transactions during this week.  Despite the downfall in the spot trading volume, BTC was able to maintain a 0.61% surge in one day. Crypto Quant recently shared crypto analyst Cauê Oliveira’s report about BTC’s spot trading volume in the market. In the report, the crypto analyst notified that Bitcoin’s spot trading volume dropped to a six-year low. Based on the report, transaction volume fluctuated between 8 and 15 thousand daily transactions during this week.  #Bitcoin spot trading volume drops to 6-year low "People are more interested in holding their coins, believing in their future value, than selling at the first sign of profit." by @caueconomy Linkhttps://t.co/2MgO5PJawu — CryptoQuant.com (@cryptoquant_com) September 26, 2023 Citing various reasons behind this tumble, the crypto...