Grayscale's victory over the SEC could lead to the approval of a Bitcoin ETF in the US.
The movement of $10 million worth of cryptocurrencies was detected in the wallets of the crypto exchange FTX, sparking discussions about possible market dumps.
Grayscale financed the development of Dogecoin, and Elon Musk was an active influence on this cryptocurrency, earning the nickname âFather of Dogecoin.â
13 banks in Russia began to conduct digital ruble transactions, although there were some difficulties in the process.
Movement of leaders in cryptocurrency capitalization
#ĐĐžŃĐșĐŸĐžĐœ (BTC), according to the information, started the current day with a slight decline, which then changed to growth. At 13:00 (Moscow time), the current price of the cryptocurrency is $25,921. Over the past 24 hours, the minimum price #Bitcoin was $25,790, and the maximum was $26,120.
The second cryptocurrency by capitalization, Ethereum, also started the day with a slight decline, which quickly changed to growth. At the time of writing this review, the cost of one #Ethereum token is $1636. Over the last 24 hours, the minimum price was $1626.00 and the maximum price was $1645.70.
In the ranking of the most capitalized cryptocurrencies, the most favorable changes were recorded for Solana (+1.6%) over the past 24 hours and for Dogecoin (+1.4%) over the week. While the coin that showed the biggest decline in the last 24 hours was the asset that fell -0.2%. It should be noted that the largest losses over the past week were observed in the case of Solana (-2.6%).
As for the ranking of the hundred most capitalized cryptocurrencies, the best indicator for the day is Synthetix (+10.21%), and for the week - Toncoin (+26.43%). In the last 24 hours, the Gala coin had the most significant price decline (-9.60%). However, it is worth noting that the largest losses for the week were recorded by Hedera (-13.91%).
The main news of cryptocurrencies on September 4.
Grayscale's victory over the US Securities and Exchange Commission (SEC) could lead to the approval of applications to launch spot Bitcoin ETFs, says analyst Nikolaos Panigirtzoglou of JPMorgan. Previously, the SEC rejected Grayscale's request to convert its Bitcoin fund into a spot Bitcoin ETF, but the court found this decision unacceptable and imposed an obligation on the Commission to reconsider the company's request. Some Bloomberg analysts have expressed concerns that Grayscale could face stiff competition in the ETF market.
There was a movement of $10 million worth of cryptocurrencies from the wallets of the FTX crypto exchange, which experienced problems in November 2022. A transfer of $6.23 million worth of Ethereum and $4 million of altcoins was recorded. These actions sparked discussions about possible market dumps in connection with the sale of FTX assets.
The cryptocurrency exchange's creditor payment plan allows for the sale of $100 million in digital assets per week, which can be increased to $200 million by prior approval. These restrictions are introduced to mitigate the possible impact of the FTX cryptocurrency sales on the digital asset market.
WSJ: Elon Musk secretly financed the development of Dogecoin.
The WSJ reports that Elon Musk's story details how he planned to create a social media platform on the blockchain, including functionality for conducting transactions using Dogecoin. Many internet users have long speculated that Musk has significant interest in the Dogecoin project. His statements and tweets had a huge impact on the face of this cryptocurrency, and he was recognized as the âFather of Dogecoinâ.
Earlier this year, when Musk and Rupert Murdoch were spotted at the NFL Super Bowl, it sparked lively discussions on social media. Many internet users wondered what the two influential entrepreneurs might be talking about, and Musk announced that they discussed Dogecoin with the head of Fox News. As a result of this tweet, the price of Dogecoin jumped by more than 5%. Immediately after announcing the purchase of Twitter, Musk updated the company's logo, replacing its bird image with the Dogecoin logo. This caused DOGE's price to rise by more than 16% in less than an hour. Earlier it became known that Twitter received a license to provide services for processing and trading cryptocurrency payments in the United States. In response to this, the famous crypto influencer DogeDesigner said that Twitter is not going to release its cryptocurrency, and Musk confirmed this fact.
Central Bank of the Russian Federation: 13 banks began to conduct real transactions with the digital ruble.
Skorobogatovaâs statement: âThose 13 financial institutions that we mentioned have actually already provided their clients with the opportunity to create electronic wallets for the digital ruble and carry out transactions with them,â Skorobogatova noted.
In total, banks have already completed several thousand such transactions, although there have been some difficulties and incidents.
âBut this is normal for the pilot period, and we are actively eliminating problems, both on the part of banks and on the side of the platform, when they arise,â said the vice-president of the Central Bank of the Russian Federation.
Among the institutions that have joined the initiative are VTB, Gazprombank, Alfa Bank, Promsvyazbank, Sovcombank, Rosbank, Dom.RF, Sinara, Ingosstrakh, Transcapitalbank, Ak Bars, MTS Bank and Qiwi Bank. Previously, Sberbank and Tinkoff also appeared on this list.
The law on the introduction of the digital ruble into the banking system was adopted in July. Now the Central Bank of Russia, in its role as operator of the digital currency platform (CBDC), has the right to refuse any private bank to carry out relevant operations.
Skorobogatova has previously stated that it will be impossible to physically purchase a digital ruble, and that all offers for this type of product are most likely fraudulent. According to a survey by the media holding Rambler&Co, slightly less than half of Russian residents do not yet plan to use the digital ruble, which recently began to be introduced in the country.
