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Ex-SEC Official Joins This Law Firm, Winklevoss & XRP Lawyer Deaton Condemn

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Ex-SEC Official Joins This Law Firm, Winklevoss & XRP Lawyer Deaton Condemn XRP lawyer John Deaton and Gemini co-founder Tyler Winklevoss have urged crypto firms to stop doing business with law firm Milbank following the hiring of anti-crypto former SEC director Gurbir Grewal. There’s a growing chorus within the crypto industry against Milbank for its controversial hiring of Grewal. Ex SEC Official Gurbir Grewal Lacks Integrity, Says XRP Lawyer Prominent XRP lawyer John Deaton has called on the cryptocurrency industry to cut ties with the law firm Milbank. His recent criticism comes as former SEC official Gurbir Grewal, known for his anti-crypto activities, especially in the Ripple lawsuit, will be joining the law firm. In a post on X platform, Deaton accused Grewal of intentionally harming the industry and lying before Congress when questioned by Representative Warren Davidson, adding, “He lacks integrity. Period”. Deaton’s commentary came in response to Tyler Winklevoss, the co-founder of crypto exchange Gemini, who stated that such hiring of anti-crypto officials should stop soon. In a post on X platform Tyler wrote: “This has gotta stop. Abusing government power to attack an industry then landing at a white-shoe law firm where you pitch clients at cocktail receptions w/ jetliner views saying, “I can protect you from the guys like me in government, who are doing to you what I did to crypto.”” This is not the first time that there’s growing dissent against former SEC official Gurbir Grewal. Earlier this month, Coinbase CEO Brian Armstrong issued a stark warning saying that his firm would reject working with other players who are hiring anti-crypto officials. Armstrong announced that the crypto exchange has decided to immediately end any professional relationships with legal partners who employ such individuals. “It’s an ethics violation in my book to try and unlawfully kill an industry while refusing to publish clear rules,” he said. #SEC #BITCOIN #BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound $XRP $BTC $SOL

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U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23

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U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23 The U.S. spot Bitcoin ETFs faced significant net outflows totaling $226.42 million on December 23, marking the third consecutive day of declines, as per data from Trader T on X. This shift reflects varying investor sentiment during the holiday season amidst ongoing market volatility. Key Insights Into ETF Activity Despite the overall outflows, BlackRock’s IBIT stood out with a net inflow of $31.78 million, suggesting continued confidence among investors in the world’s largest asset manager’s Bitcoin fund. On the other hand, major outflows were recorded across several ETFs: Fidelity’s FBTC: $146 millionGrayscale’s GBTC: $38.4 millionBitwise’s BITB: $23.7 millionInvesco’s BTCO: $25.6 millionARK Invest’s ARKB: $15.7 millionGrayscale’s Mini BTC: $6.2 millionVanEck’s HODL: $2.6 million Other ETFs reported minimal or no significant net flows. Factors Influencing the Outflows The net outflows indicate a period of caution among investors, driven by: Year-End Portfolio Adjustments Many investors rebalance their portfolios during the year-end, which could contribute to these withdrawals. Market Volatility Bitcoin has seen significant price fluctuations, raising concerns over near-term risks. Institutional Strategy Changes Institutional investors might be re-evaluating their strategies, leading to temporary shifts in capital. BlackRock’s Resilience Amid Outflows While most ETFs faced declines, BlackRock’s IBIT recorded notable inflows. This resilience underscores BlackRock’s growing influence in the cryptocurrency sector and its reputation as a trusted brand among retail and institutional investors alike. Implications for Bitcoin and ETF Markets The combined outflows emphasize the short-term uncertainty in Bitcoin’s trajectory. #BitcoinETFs #SpotBitcoin #CryptoOutflows #BitcoinNews #CryptoMarket $BTC $ETH $BNB

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Binance Announces Support for Fantom’s Rebranding to Sonic (S)

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البيتكوين والعملات البديلة تظهر تعافيًا مع استمرار تراكم المحافظ

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