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Trade with Caution Almost 88k Traders got liquidate within 24 hours. More than 380M$ liquidate in which 274 M$ short liquidateand 106M$ Long liquidate.#TrendingTopic #BTC #WLDToken #sol
Massive sell of In Jupiter from past hour Please DYOR before investing in new coin. It's not a perfect time to buy JuP.
#JUP #Write2Earn
#JUP #Write2Earn
Crypto Adoption:
According to data 148 million people adopt the crypto from Jan 2023 to Dec 2023 34% increases in global crypto currency adoption.
#BTC #ETH #Write2Earn
According to data 148 million people adopt the crypto from Jan 2023 to Dec 2023 34% increases in global crypto currency adoption.
#BTC #ETH #Write2Earn
Singapore Regulators Reject Bitcoin ETF’s Citing High Risk
The Securities and Exchange Commission (SEC) gave the green light to several Bitcoin ETFs.Singapore doesn't think cryptocurrencies like Bitcoin are suitable for ETFs. However, licensed market intermediaries in Singapore can offer investments in foreign markets, but they must clearly explain risks to customers.Even though local brokers allow people in Singapore to trade foreign Bitcoin ETFs, cryptocurrencies like Bitcoin aren't regulated under the Securities and Futures Act. This is because Bitco
GRAYSCALE’S SPOT BITCOIN ETF BLEEDS NEARLY $600M
The cryptocurrency market can be unstable, and Grayscale's recent financial moves show this. The Grayscale Bitcoin Trust, a popular digital currency investment, had about $579 million withdrawn after becoming an Exchange-Traded Fund (ETF). This is noteworthy considering other Bitcoin ETFs received around $819 million. Some think investors pulled out to take profits, supported by the fund's $2.3 billion trades on its ETF debut. The high 1.5% expense ratio of Grayscale's ETF might have led investors to cheaper options like the VanEck Bitcoin Trust (0.25%). Investors also favored other Bitcoin ETFs with lower fees, like BlackRock’s IBIT and Fidelity’s FBTC, showing a trend towards cost-effective choices. Grayscale's situation is complicated by external factors, such as the FTX bankruptcy and a regulatory quiet period for Wall Street marketing. Anthony Scaramucci notes a broader trend of investors moving to lower-fee alternatives, reflecting the changing nature of cryptocurrency investment.
The cryptocurrency market can be unstable, and Grayscale's recent financial moves show this. The Grayscale Bitcoin Trust, a popular digital currency investment, had about $579 million withdrawn after becoming an Exchange-Traded Fund (ETF). This is noteworthy considering other Bitcoin ETFs received around $819 million. Some think investors pulled out to take profits, supported by the fund's $2.3 billion trades on its ETF debut. The high 1.5% expense ratio of Grayscale's ETF might have led investors to cheaper options like the VanEck Bitcoin Trust (0.25%). Investors also favored other Bitcoin ETFs with lower fees, like BlackRock’s IBIT and Fidelity’s FBTC, showing a trend towards cost-effective choices. Grayscale's situation is complicated by external factors, such as the FTX bankruptcy and a regulatory quiet period for Wall Street marketing. Anthony Scaramucci notes a broader trend of investors moving to lower-fee alternatives, reflecting the changing nature of cryptocurrency investment.
Cathie Wood criticizes Vanguard for avoiding Bitcoin:
Cathie Wood is the boss of Ark Invest, a company that invests in new technologies. She said that Vanguard, another big company that helps people invest their money, is making a bad mistake by not letting their customers buy Bitcoin ETFs. Bitcoin ETFs are a way to invest in Bitcoin, which is a new kind of money that works on the internet and does not depend on any government or bank. Wood said that Vanguard is missing out on a historic opportunity to be part of this new money system.
Wood said this after Vanguard said again that they do not want to invest in cryptocurrencies. Cryptocurrencies are different kinds of digital money, like Bitcoin. Vanguard does not offer any products that let people buy or sell cryptocurrencies. They also do not invest in any funds that buy cryptocurrencies directly.
Before that, a person who works for Vanguard told Axios, a news website, that this decision is in line with what Vanguard believes in.
Vanguard's decision made many of their customers unhappy. Many of them closed their accounts and moved to other companies that do let them buy Bitcoin ETFs. Vanguard also faced a lot of anger online. People complained that they could not buy Bitcoin on Vanguard's platform. On some websites, like X, people started using the hashtag #BoycottVanguard to show their protest. Some Bitcoin supporters also told their friends to move their retirement savings from Vanguard to other companies, like Fidelity, that are more friendly to Bitcoin.
Cathie Wood is the boss of Ark Invest, a company that invests in new technologies. She said that Vanguard, another big company that helps people invest their money, is making a bad mistake by not letting their customers buy Bitcoin ETFs. Bitcoin ETFs are a way to invest in Bitcoin, which is a new kind of money that works on the internet and does not depend on any government or bank. Wood said that Vanguard is missing out on a historic opportunity to be part of this new money system.
Wood said this after Vanguard said again that they do not want to invest in cryptocurrencies. Cryptocurrencies are different kinds of digital money, like Bitcoin. Vanguard does not offer any products that let people buy or sell cryptocurrencies. They also do not invest in any funds that buy cryptocurrencies directly.
Before that, a person who works for Vanguard told Axios, a news website, that this decision is in line with what Vanguard believes in.
Vanguard's decision made many of their customers unhappy. Many of them closed their accounts and moved to other companies that do let them buy Bitcoin ETFs. Vanguard also faced a lot of anger online. People complained that they could not buy Bitcoin on Vanguard's platform. On some websites, like X, people started using the hashtag #BoycottVanguard to show their protest. Some Bitcoin supporters also told their friends to move their retirement savings from Vanguard to other companies, like Fidelity, that are more friendly to Bitcoin.
#BTC $BTC Kevin O’Leary, a famous Canadian Businesman known for his bold statements and as a star participant on Shark Tank, recently stated that he does not believe the approved Spot Bitcoin ETFs are a turning point for the US crypto industry and that participating in them would not be wise. He pointed out that despite some ETF issuers waiving certain fees, they generally charge fees.
The Millionaire’s Thoughts on ETFs
Known for his $400 million fortune and investments, Kevin O’Leary shared his thoughts on Bitcoin ETFs. In an interview with Fox Business on Thursday, he said:
If you’re naive and hold Bitcoin as digital gold for the long term like I do, I would never buy an ETF. Why should I pay these fees? They are completely unnecessary and add no value to me.
O’Leary went further with his comments, stating that he sees very little chance of survival for any of the 11 Bitcoin ETFs approved by the SEC as of Wednesday, without making any distinction.
However, the investor did point out some of them, emphasizing a prediction made by Galaxy Digital CEO Mike Novogratz, suggesting that two or three could stand out from this group.
According to O’Leary, giants like Fidelity and BlackRock have a much higher chance of rising to the top, attributing this to the massive sales forces of these investing firms.
Despite his skeptical stance on investing in these new ETFs, he emphasizes that the ETFs approved by the regulatory body, the SEC, are a meaningful part of advancing the crypto industry.
The Millionaire’s Thoughts on ETFs
Known for his $400 million fortune and investments, Kevin O’Leary shared his thoughts on Bitcoin ETFs. In an interview with Fox Business on Thursday, he said:
If you’re naive and hold Bitcoin as digital gold for the long term like I do, I would never buy an ETF. Why should I pay these fees? They are completely unnecessary and add no value to me.
O’Leary went further with his comments, stating that he sees very little chance of survival for any of the 11 Bitcoin ETFs approved by the SEC as of Wednesday, without making any distinction.
However, the investor did point out some of them, emphasizing a prediction made by Galaxy Digital CEO Mike Novogratz, suggesting that two or three could stand out from this group.
According to O’Leary, giants like Fidelity and BlackRock have a much higher chance of rising to the top, attributing this to the massive sales forces of these investing firms.
Despite his skeptical stance on investing in these new ETFs, he emphasizes that the ETFs approved by the regulatory body, the SEC, are a meaningful part of advancing the crypto industry.
#BTC $Just In: Genesis Global Trading Inks $8M Settlement With NYDFS
As per a signed agreement, the New York State Department of Financial Services (NYDFS) has settled with Genesis Global Trading, which involves an $8 million fine.
Genesis Loses its BitLicense
Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), accepted the settlement with NYDFS on the condition that it would stop its operations in New York and surrender its BitLicense for virtual currency activities in the state. The firm also agreed to pay $8 million to the state after it was charged with violating regulations related to anti-money laundering and fraud.
NYDFS Superintendent Adrienne A. Harris said that Genesis Global exposed itself and its customers to illicit activities and cybersecurity risks.
“Genesis Global Trading’s lack of a functional compliance program showed a disregard for the Department’s regulatory requirements and put the company and its customers in danger,” Harris said in a statement.
In October 2023, New York Attorney General (NYAG) Letitia James sued Genesis, Gemini, and DCG. She alleged that the trio scammed 230,000 investors of more than $1 billion through the Gemini Earn program.
Genesis Global was specifically accused of lending to risky borrowers, contradicting the low-risk image projected by Gemini.
As per a signed agreement, the New York State Department of Financial Services (NYDFS) has settled with Genesis Global Trading, which involves an $8 million fine.
Genesis Loses its BitLicense
Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), accepted the settlement with NYDFS on the condition that it would stop its operations in New York and surrender its BitLicense for virtual currency activities in the state. The firm also agreed to pay $8 million to the state after it was charged with violating regulations related to anti-money laundering and fraud.
NYDFS Superintendent Adrienne A. Harris said that Genesis Global exposed itself and its customers to illicit activities and cybersecurity risks.
“Genesis Global Trading’s lack of a functional compliance program showed a disregard for the Department’s regulatory requirements and put the company and its customers in danger,” Harris said in a statement.
In October 2023, New York Attorney General (NYAG) Letitia James sued Genesis, Gemini, and DCG. She alleged that the trio scammed 230,000 investors of more than $1 billion through the Gemini Earn program.
Genesis Global was specifically accused of lending to risky borrowers, contradicting the low-risk image projected by Gemini.
Vanguard, a top investment management firm, is wary of the emerging market of spot bitcoin ETFs. These are funds that track the price of bitcoin directly, and the SEC recently approved 11 of them for trading. However, Vanguard customers could not join the trading frenzy on the first day, as the firm does not offer spot bitcoin ETFs on its platform. The main reason for this is that Vanguard thinks the crypto market is too risky and unregulated for its long-term investing approach. The firm also does not allow other high-risk products, such as leveraged ETFs, and has no plans to offer Vanguard Bitcoin BTC custody or other services. The representative said, “We have always believed that cryptocurrencies are too volatile to help investors achieve positive real returns over the long term. This applies to ETFs and other crypto-related products as well.$BTC $SOL $ETH #etf
$SOL #ARB #etf
The SEC has approved proposals from 11 companies for Bitcoin ETFs that directly hold Bitcoin. This is a significant shift in the cryptocurrency market, as it differs from previous Bitcoin futures ETFs based on derivatives contracts. As a result, the prices of Bitcoin and Ethereum increased significantly and are currently trading at $46,101.45 and $2,589.78, respectively, triggering a rally in other altcoins, as shown by the crypto analytics platform Santiment.
> Some of the leading financial players, such as BlackRock, Fidelity, and Grayscale, are among the 12 firms launching these BTC ETFs. This development follows a crucial court ruling in August that overturned the SEC's rejection of Grayscale's spot ETF proposal. The SEC Chair, Gary Gensler, cited this court loss as a major factor in the recent approvals.
The SEC has approved proposals from 11 companies for Bitcoin ETFs that directly hold Bitcoin. This is a significant shift in the cryptocurrency market, as it differs from previous Bitcoin futures ETFs based on derivatives contracts. As a result, the prices of Bitcoin and Ethereum increased significantly and are currently trading at $46,101.45 and $2,589.78, respectively, triggering a rally in other altcoins, as shown by the crypto analytics platform Santiment.
> Some of the leading financial players, such as BlackRock, Fidelity, and Grayscale, are among the 12 firms launching these BTC ETFs. This development follows a crucial court ruling in August that overturned the SEC's rejection of Grayscale's spot ETF proposal. The SEC Chair, Gary Gensler, cited this court loss as a major factor in the recent approvals.