SECvsCrypto
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Top 15 largest fines imposed by US regulators on cryptocurrency companies
The largest fine belongs to cryptolending platform Celsius Network, which will likely be unable to pay due to bankruptcy
#SECvsCrypto
The largest fine belongs to cryptolending platform Celsius Network, which will likely be unable to pay due to bankruptcy
#SECvsCrypto
"Ripple CLO Breaks Down 3 Crucial Components of SEC's Victory Against Terra"
Ripple CLO comments on the SEC v. Terra ruling, highlighting three major elements in the court’s verdict.
Read more on: https://thecryptobasic.com/2023/12/30/ripple-clo-highlights-3-major-elements-in-sec-v-terra-ruling/
#SECvsCrypto #TerraClassic #Cryptocurrrency #CryptoGameChanger #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/30/ripple-clo-highlights-3-major-elements-in-sec-v-terra-ruling/
#SECvsCrypto #TerraClassic #Cryptocurrrency #CryptoGameChanger #CryptoNews🔒📰🚫
**Breaking News:** 📈 Bloomberg ETF analyst Eric Balchunas reveals that 90% of existing ETF products operate through spot redemption, with only 10% using cash redemption. The SEC reportedly encourages BTC spot ETF applicants to opt for cash redemption to minimize intermediaries accessing Bitcoin due to concerns about money laundering. Balchunas suggests this aligns with the SEC's desire for a closed system. #ETFs #SECvsCrypto 📄💼
JUST IN: 🇺🇸 SEC holds meeting with Fidelity to discuss its Spot Bitcoin ETF.
Will #BTC gets a new alth before the years ends ? Let’s see how it goes . Trade cautiously. Thanks for reading #BTC #AltcoinsRising #SECvsCrypto #Spot.Bitcoin.ETF
Will #BTC gets a new alth before the years ends ? Let’s see how it goes . Trade cautiously. Thanks for reading #BTC #AltcoinsRising #SECvsCrypto #Spot.Bitcoin.ETF
"SEC Chair Affirms: Bitcoin Spot ETFs Currently Advancing Through Regulatory Channels"
U.S. SEC Chair Gary Gensler has shared another update on the approval process for the Bitcoin ETF filings on the agency’s table.
Read more on: https://thecryptobasic.com/2023/12/15/sec-chair-gives-update-says-bitcoin-spot-etfs-going-through-process-right-now/
#SECvsCrypto #BitcoinETFApproval #cryptocurreny #CryptoisBetter #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/15/sec-chair-gives-update-says-bitcoin-spot-etfs-going-through-process-right-now/
#SECvsCrypto #BitcoinETFApproval #cryptocurreny #CryptoisBetter #CryptoNews🔒📰🚫
🚀 𝗞𝗿𝗮𝗸𝗲𝗻 𝗖𝗼-𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗧𝗮𝗸𝗲𝘀 𝗮 𝗦𝘁𝗮𝗻𝗱 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗦𝗘𝗖! 🔥
Jesse Powell, the visionary mind behind Kraken, slams the SEC's lawsuit with a fiery declaration! 💥 In a bold move, Powell urges fellow crypto pioneers to consider an exit from the U.S. market, citing the SEC's alleged power play and hindrance to progress. 🌐
🔗 Controversial Lawsuit Sparks Debate
The SEC's recent legal action claims Kraken violated securities laws, igniting a heated battle. 💼 Powell's response on X pulls no punches, labeling the SEC as the "USA's top decel," signaling a clash of ideologies. 🤯
💡 Kraken's Stance: Ready for Battle
Kraken fights back! A defiant blog post rebuts the SEC's accusations, asserting the exchange's readiness to defend itself in court. 💪 Powell suggests a potential $100 million legal battle, prompting a call to arms for crypto firms to rethink their U.S. presence. 🌍
🛡️ Tension Rising: Crypto vs. Regulators
Powell's words echo a growing tension between crypto pioneers and U.S. regulators, raising doubts about the industry's future in the American market. 🤔 Is the U.S. becoming a "warzone" for crypto enterprises? 🌐
💼 Global Ripple Effect
Beyond Kraken, this clash has global implications! The departure of key players could reshape the crypto industry's map, with companies seeking friendlier regulatory landscapes. 🌎 Brace for a potential shift! 🚀🌐💰
#SECvsCrypto #sec
Jesse Powell, the visionary mind behind Kraken, slams the SEC's lawsuit with a fiery declaration! 💥 In a bold move, Powell urges fellow crypto pioneers to consider an exit from the U.S. market, citing the SEC's alleged power play and hindrance to progress. 🌐
🔗 Controversial Lawsuit Sparks Debate
The SEC's recent legal action claims Kraken violated securities laws, igniting a heated battle. 💼 Powell's response on X pulls no punches, labeling the SEC as the "USA's top decel," signaling a clash of ideologies. 🤯
💡 Kraken's Stance: Ready for Battle
Kraken fights back! A defiant blog post rebuts the SEC's accusations, asserting the exchange's readiness to defend itself in court. 💪 Powell suggests a potential $100 million legal battle, prompting a call to arms for crypto firms to rethink their U.S. presence. 🌍
🛡️ Tension Rising: Crypto vs. Regulators
Powell's words echo a growing tension between crypto pioneers and U.S. regulators, raising doubts about the industry's future in the American market. 🤔 Is the U.S. becoming a "warzone" for crypto enterprises? 🌐
💼 Global Ripple Effect
Beyond Kraken, this clash has global implications! The departure of key players could reshape the crypto industry's map, with companies seeking friendlier regulatory landscapes. 🌎 Brace for a potential shift! 🚀🌐💰
#SECvsCrypto #sec
"SEC Chair Gensler's Past Nod Ignites Ripple's XRP as the Future of Cross-Border Payments with ODL"
U.S. SEC chairman Gary Gensler, notorious for his hurtful actions against blockchain firms, had recognized XRP’s and Ripple’s contributions to facilitating cross-border payments.
Read more on: https://thecryptobasic.com/2023/11/23/sec-chair-gensler-previously-endorsed-ripples-odl-for-cross-border-payments-with-xrp/
#Ripple-XRP #SECvsCrypto #SECCryptoActions #Crypto #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/23/sec-chair-gensler-previously-endorsed-ripples-odl-for-cross-border-payments-with-xrp/
#Ripple-XRP #SECvsCrypto #SECCryptoActions #Crypto #CryptoNews🔒📰🚫
Unveiling Jump Crypto's Dubious Dealings: A Deep Dive into the SEC Vs Terra Saga
The cryptocurrency realm is no stranger to controversy, and the SEC's ongoing investigation into Terraform Labs and its algorithmic stablecoin, TerraUSD (UST), has once again brought the industry under intense scrutiny. At the heart of this saga lies Jump Crypto, a prominent crypto trading firm that allegedly played a significant role in UST's demise.
The Unraveling of UST and the SEC's Intervention
In May 2022, UST's peg to the US dollar began to falter, triggering a chain of events that would ultimately lead to the collapse of the entire Terra ecosystem. As UST's price plummeted, investors rushed to exit their positions, creating a liquidity crisis that Jump Crypto was unable to contain.
The SEC, concerned about the potential for fraud and market manipulation, launched an investigation into Terraform Labs and its associates. In its complaint, the SEC alleged that Jump Crypto's involvement with UST was not merely a passive investment but an active effort to manipulate the market for its own financial gain.
Jump Crypto's Role in Terraform Labs' Downfall
The SEC's allegations paint a damning picture of Jump Crypto's role in UST's downfall. The complaint suggests that Jump Crypto was aware of the risks associated with UST's stability mechanism and yet continued to provide liquidity support, potentially exacerbating the crisis.
Moreover, the SEC alleges that Jump Crypto profited from UST's collapse by purchasing LUNA tokens at a discounted price while simultaneously selling them on the open market. This suggests that Jump Crypto may have prioritized its own financial interests over the stability of the broader cryptocurrency market.
The SEC's investigation into Terraform Labs and Jump Crypto is still ongoing, and it remains to be seen whether the allegations will result in any charges. However, the case has already sent shockwaves through the cryptocurrency industry, raising concerns about the potential for manipulation and fraud in the digital asset space.
#SECvsCrypto
#UST
The cryptocurrency realm is no stranger to controversy, and the SEC's ongoing investigation into Terraform Labs and its algorithmic stablecoin, TerraUSD (UST), has once again brought the industry under intense scrutiny. At the heart of this saga lies Jump Crypto, a prominent crypto trading firm that allegedly played a significant role in UST's demise.
The Unraveling of UST and the SEC's Intervention
In May 2022, UST's peg to the US dollar began to falter, triggering a chain of events that would ultimately lead to the collapse of the entire Terra ecosystem. As UST's price plummeted, investors rushed to exit their positions, creating a liquidity crisis that Jump Crypto was unable to contain.
The SEC, concerned about the potential for fraud and market manipulation, launched an investigation into Terraform Labs and its associates. In its complaint, the SEC alleged that Jump Crypto's involvement with UST was not merely a passive investment but an active effort to manipulate the market for its own financial gain.
Jump Crypto's Role in Terraform Labs' Downfall
The SEC's allegations paint a damning picture of Jump Crypto's role in UST's downfall. The complaint suggests that Jump Crypto was aware of the risks associated with UST's stability mechanism and yet continued to provide liquidity support, potentially exacerbating the crisis.
Moreover, the SEC alleges that Jump Crypto profited from UST's collapse by purchasing LUNA tokens at a discounted price while simultaneously selling them on the open market. This suggests that Jump Crypto may have prioritized its own financial interests over the stability of the broader cryptocurrency market.
The SEC's investigation into Terraform Labs and Jump Crypto is still ongoing, and it remains to be seen whether the allegations will result in any charges. However, the case has already sent shockwaves through the cryptocurrency industry, raising concerns about the potential for manipulation and fraud in the digital asset space.
#SECvsCrypto
#UST
SEC sets deadline for filing updated spot bitcoin-ETF filings
The U.S. Securities and Exchange Commission (SEC) has notified (https://incrypted.com/sec-ustanovila-krajnij-srok-podachi-obnovlennyh-zayavok-na-spotovyj-bitkoin-etf/) applicants to launch spot bitcoin ETFs that they need to amend their applications by December 29, 2023.
If the companies fail to meet the designated deadline, they will lose the opportunity to seek SEC approval in early January, the report said.
#SECvsCrypto #ETFApproval2024 #ETFBitcoin #ETFRally
The U.S. Securities and Exchange Commission (SEC) has notified (https://incrypted.com/sec-ustanovila-krajnij-srok-podachi-obnovlennyh-zayavok-na-spotovyj-bitkoin-etf/) applicants to launch spot bitcoin ETFs that they need to amend their applications by December 29, 2023.
If the companies fail to meet the designated deadline, they will lose the opportunity to seek SEC approval in early January, the report said.
#SECvsCrypto #ETFApproval2024 #ETFBitcoin #ETFRally
SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs.
The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-traded funds (ETFs).
According to the memo, the discussion “concerned NYSE Arca, Inc.’s proposed rule change to list and trade shares of the Grayscale Bitcoin Trust (BTC) under NYSE Arca Rule 8.201-E.”
The participants of the meeting included David Shillman, the Associate Director in the SEC’s Division of Trading and Markets, who oversees the U.S. equity, options and fixed income markets, and Michael Sonnenshein, the CEO at Grayscale Investments. Grayscale’s external representatives from Davis Polk & Wardwell LLP also attended the meeting.
On Nov.28, the SEC officials also met with BlackRock and the Nasdaq, as indicated by another memo. While the SEC’s side was led by Eric Juzenas, the Associate Director in the SEC’s Division of Trading and Markets, BlackRock’s Digital Assets Head Robert Mitchnick and Nasdaq’s Principal Associate General Counsel Jonathan Cayne participated in the discussion, specifically about revising BlackRock’s Bitcoin ETF model.
According to the published memo’s note, BlackRock revised its In-Kind model design to address to the SEC’s concerns and “unresolved” questions regarding the model.
BlackRock’s proposed “In-Kind” redemption model involves market makers adjusting ETF shares supply and directly redeeming them for Bitcoin. This aims to closely link the share price with Bitcoin’s value.
However, the SEC has concerns with this model, mainly because it requires U.S. broker-dealers to directly handle Bitcoin, posing potential risks to their investments. In response, the SEC suggested a “Cash” model, which, though safer for broker-dealers, could make the fund’s operation more complex and involve more steps for BlackRock.
#BlackRock #SECvsCrypto #BitcoinETFLaunch #BTC #security
$BTC
The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-traded funds (ETFs).
According to the memo, the discussion “concerned NYSE Arca, Inc.’s proposed rule change to list and trade shares of the Grayscale Bitcoin Trust (BTC) under NYSE Arca Rule 8.201-E.”
The participants of the meeting included David Shillman, the Associate Director in the SEC’s Division of Trading and Markets, who oversees the U.S. equity, options and fixed income markets, and Michael Sonnenshein, the CEO at Grayscale Investments. Grayscale’s external representatives from Davis Polk & Wardwell LLP also attended the meeting.
On Nov.28, the SEC officials also met with BlackRock and the Nasdaq, as indicated by another memo. While the SEC’s side was led by Eric Juzenas, the Associate Director in the SEC’s Division of Trading and Markets, BlackRock’s Digital Assets Head Robert Mitchnick and Nasdaq’s Principal Associate General Counsel Jonathan Cayne participated in the discussion, specifically about revising BlackRock’s Bitcoin ETF model.
According to the published memo’s note, BlackRock revised its In-Kind model design to address to the SEC’s concerns and “unresolved” questions regarding the model.
BlackRock’s proposed “In-Kind” redemption model involves market makers adjusting ETF shares supply and directly redeeming them for Bitcoin. This aims to closely link the share price with Bitcoin’s value.
However, the SEC has concerns with this model, mainly because it requires U.S. broker-dealers to directly handle Bitcoin, posing potential risks to their investments. In response, the SEC suggested a “Cash” model, which, though safer for broker-dealers, could make the fund’s operation more complex and involve more steps for BlackRock.
#BlackRock #SECvsCrypto #BitcoinETFLaunch #BTC #security
$BTC
"SEC Considering Simultaneous Approval of Multiple Spot Bitcoin ETFs By January"
Sources close to asset management companies seeking to launch a spot Bitcoin ETF speculate that the SEC could approve multiple applications by January 10.
Read more on: https://thecryptobasic.com/2023/12/21/experts-say-sec-may-approve-multiple-spot-bitcoin-etf-applications-at-once-by-january/
#SECApprovalSigns #SECvsCrypto #BitcoinETFApproval #crypto2024catch #Cryptonews230
Read more on: https://thecryptobasic.com/2023/12/21/experts-say-sec-may-approve-multiple-spot-bitcoin-etf-applications-at-once-by-january/
#SECApprovalSigns #SECvsCrypto #BitcoinETFApproval #crypto2024catch #Cryptonews230
The Hidden Treasure of BNB($10,000)Greatness
Once upon a time, in the realm of cryptocurrency, there a coin called BNB (Binance Coin). It had humble beginnings, but little did anyone know that this coin would carry the power to turn lives around and bring greatness to those who embraced it.
In this fantasy tale, BNB emerged as a transformative force, possessing unique qualities that transcended the boundaries of the digital world. As people started investing in BNB, they discovered that its magic extended far beyond monetary gains.
Through its decentralized network, BNB became a catalyst for positive change. It facilitated financial inclusion, lifting individuals from poverty and unlocking their potential. Suddenly, people who were once excluded from traditional financial systems could access loans, start businesses, and build their dreams with the help of BNB.
Moreover, BNB's technology allowed for seamless cross-border transactions, breaking down barriers and fostering global connections. It enabled artisans in remote villages to showcase their crafts to the world, bringing them recognition and economic empowerment. BNB became a symbol of hope and unity, bridging gaps between cultures and creating opportunities for collaboration and understanding.
As more people embraced BNB, its influence expanded even further. It spearheaded environmental initiatives, using blockchain technology to track and incentivize sustainable practices. Carbon footprints were reduced, and ecological balance was restored, thanks to the innovative applications of BNB.
But it didn't stop there. BNB's impact reached the realms of education and healthcare. With its secure and transparent platform, BNB enabled accessible and tamper-proof academic records, giving marginalized students equal opportunities for scholarships and recognition. In healthcare, BNB revolutionized medical records management, ensuring continuity of care and reducing errors, ultimately saving countless lives.
#CZBNB #RichardTeng #SECvsCrypto
$XRP $BNB $MEME
Once upon a time, in the realm of cryptocurrency, there a coin called BNB (Binance Coin). It had humble beginnings, but little did anyone know that this coin would carry the power to turn lives around and bring greatness to those who embraced it.
In this fantasy tale, BNB emerged as a transformative force, possessing unique qualities that transcended the boundaries of the digital world. As people started investing in BNB, they discovered that its magic extended far beyond monetary gains.
Through its decentralized network, BNB became a catalyst for positive change. It facilitated financial inclusion, lifting individuals from poverty and unlocking their potential. Suddenly, people who were once excluded from traditional financial systems could access loans, start businesses, and build their dreams with the help of BNB.
Moreover, BNB's technology allowed for seamless cross-border transactions, breaking down barriers and fostering global connections. It enabled artisans in remote villages to showcase their crafts to the world, bringing them recognition and economic empowerment. BNB became a symbol of hope and unity, bridging gaps between cultures and creating opportunities for collaboration and understanding.
As more people embraced BNB, its influence expanded even further. It spearheaded environmental initiatives, using blockchain technology to track and incentivize sustainable practices. Carbon footprints were reduced, and ecological balance was restored, thanks to the innovative applications of BNB.
But it didn't stop there. BNB's impact reached the realms of education and healthcare. With its secure and transparent platform, BNB enabled accessible and tamper-proof academic records, giving marginalized students equal opportunities for scholarships and recognition. In healthcare, BNB revolutionized medical records management, ensuring continuity of care and reducing errors, ultimately saving countless lives.
#CZBNB #RichardTeng #SECvsCrypto
$XRP $BNB $MEME
Terraform's Tectonic Shift: LUNA & MIR Dealt a Regulatory Blow, But Can They Rebuild?
In a judgment that reverberates through the digital canyons of crypto, a U.S. court has deemed Terraform Labs' flagship tokens, LUNA and MIR, to be unregistered securities. This seismic ruling leaves Terraform Labs staring down an uncertain future, while LUNA, already battered by turbulent markets, faces yet another headwind. But amidst the tremors, cracks of opportunity could emerge. Buckle up, folks, for this is a story with twists and turns yet to unfold.Uncharted Waters for Terraform: Let's be clear, this verdict throws a legal life raft at the SEC, granting them the ammunition to potentially seek penalties, disgorgement of profits, and even trading restrictions. Worse, it sets a precedent that could open the floodgates for similar crackdowns on other crypto projects deemed "securities." The pressure is on Terraform Labs to navigate this uncharted territory with utmost strategic finesse.LUNA's Precarious Perch: The immediate impact on LUNA is undeniable. The news sent the token careening 15% south, adding another chapter to its rollercoaster year. Investors, already spooked by the Terra ecosystem's implosion, are likely weighing their options - flee the sinking ship or hold on for a potential rebound. It's a precarious perch for LUNA, and only time will tell if it can regain its lost altitude. Terraform Labs faces a Herculean task. Regaining regulatory trust and investor confidence won't be a walk in the crypto park. Transparency will be their north star, with a clear roadmap for addressing compliance concerns and demonstrating a commitment to responsible governance being the only viable compass. However, amidst the doom and gloom, remember this: crypto's history is rife with resilience. This could be the crucible that forges a stronger, more compliant Terraform Labs, a phoenix rising from the ashes of regulatory scrutiny.The Lingering Question: Will LUNA rise again, fueled by Terraform Labs' ability to navigate this legal quagmire, or will this mark the end of its celestial journey? The answer, dear reader, lies in the winds of regulatory compliance, the unwavering spirit of the Terra community, and perhaps, a sprinkle of market serendipity.Join the Debate: So, what do you think? Will LUNA defy gravity and reclaim its lost luster, or is this the final sunset for Terraform Labs' flagship token? Share your thoughts, theories, and wildest crypto dreams in the comments below!#SECvsCrypto
Read before Bull Run: Bitcoin Bull Runs and Predictions for the Next Movement
Bitcoin Bull Runs and Predictions for the Next MovementBitcoin has been through several bull runs since its inception in 2009. A bull run is a period of sustained growth in the price of an asset. During a bull run, investors become more optimistic about the asset's future, which leads to increased demand and a higher price.Previous Bitcoin Bull RunsThe first major Bitcoin bull run occurred in 2013, when the price of Bitcoin rose from around $13 to over $1,000. This was followed by another bull run in 2017, when the price of Bitcoin reached an all-time high of nearly $20,000. The most recent Bitcoin bull run began in 2020 and saw the price of Bitcoin reach a new all-time high of over $68,000 in November 2021.Predicting the Next Bitcoin Bull RunBased on the historical pattern of Bitcoin bull runs, it is possible to make some educated guesses about the timing and magnitude of the next bull run. However, it is important to note that there is no guarantee that there will be another bull run, and if there is, it is impossible to predict exactly when it will begin or how high the price of Bitcoin will go.Factors that Could Affect the Next Bitcoin Bull RunThere are a number of factors that could affect the next Bitcoin bull run. These include:The overall health of the global economy: If the economy is doing well, investors are more likely to have money that they can invest in riskier assets like Bitcoin.Adoption of Bitcoin by institutional investors: If more institutional investors, such as hedge funds and pension funds, start investing in Bitcoin, it could lead to a significant increase in demand and a higher price.Regulation of Bitcoin: If governments around the world adopt more favorable regulations for Bitcoin, it could make the asset more attractive to investors.UncertaintiesDespite the potential for another bull run, there are also a number of uncertainties that could affect the price of Bitcoin.These include:Competition from other cryptocurrencies: There are now thousands of different cryptocurrencies on the market,and some of them are becoming increasingly popular. If investors start to prefer other cryptocurrencies over Bitcoin, it could lead to a decline in the price of Bitcoin.Technological advancements: New technologies could emerge that make Bitcoin obsolete.Regulatory crackdowns: Governments could crack down on Bitcoin and other cryptocurrencies, which could make it more difficult to buy, sell, and use them.ConclusionBitcoin has a history of bull runs, and it is possible that there will be another bull run in the future. However, there are a number of uncertainties that could affect the price of Bitcoin, and it is impossible to predict exactly when the next bull run will begin or how high the price of Bitcoin will go.Disclaimer:This article is for informational purposes only and should not be construed as financial advice. Always do your own research before making any investment decisions.$BTC #BTC #bitcoin #bullrunBtc $ETH $BNB #ETH #SECvsCrypto
"Expert Accuses Senator Warren of Oath Violation"
Attorney John Deaton slams Senator Elizabeth Warren for violating her oath by not engaging in actual oversight of the Securities and Exchange Commission (SEC).
Read more on: https://thecryptobasic.com/2023/12/11/deaton-levels-misconduct-allegations-against-senator-elizabeth-warren-says-she-violated-her-oath/
#SECvsCrypto #cryptocurreny #CryptoisBetter #CryptoCommunityWatch #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/11/deaton-levels-misconduct-allegations-against-senator-elizabeth-warren-says-she-violated-her-oath/
#SECvsCrypto #cryptocurreny #CryptoisBetter #CryptoCommunityWatch #CryptoNews🔒📰🚫
BREAKING: Grayscale Chairman Barry Silbert has resigned, as SEC approval of Bitcoin ETFs expected by January 10 #SECvsCrypto $BTC
📚 RESULTS OF THE DAY
🔶 Lugano now accepts payment of taxes and all other utility bills in cryptocurrency.
🔶 SEC postpones consideration of Grayscale's spot Ethereum-ETF application.
🔶 Today, the Dogecoin meme token is exactly 10 years old.
🔶 WhaleMap analysts believe that Bitcoin should not fall below $28,000 in the near future.
$BTC $ETH $BNB
#BTC #DOGE #MarketDynamics #bullrunBtc #SECvsCrypto
🔶 Lugano now accepts payment of taxes and all other utility bills in cryptocurrency.
🔶 SEC postpones consideration of Grayscale's spot Ethereum-ETF application.
🔶 Today, the Dogecoin meme token is exactly 10 years old.
🔶 WhaleMap analysts believe that Bitcoin should not fall below $28,000 in the near future.
$BTC $ETH $BNB
#BTC #DOGE #MarketDynamics #bullrunBtc #SECvsCrypto
📑 The SEC was flooded with "bitcoin applications"
In November, a record number of BTC-related documents were filed with the commission - 1,074. This is 35% more than in the same month last year and three times more than the previous high in May of this year.
💬 According to analyst Rebecca Stevens, the growth in bitcoin-related applications is not only a sign of the wider adoption of digital currencies, but also an indicator that companies are interested in the hype around ETFs.
#SECLawyers #SECvsCrypto
In November, a record number of BTC-related documents were filed with the commission - 1,074. This is 35% more than in the same month last year and three times more than the previous high in May of this year.
💬 According to analyst Rebecca Stevens, the growth in bitcoin-related applications is not only a sign of the wider adoption of digital currencies, but also an indicator that companies are interested in the hype around ETFs.
#SECLawyers #SECvsCrypto
Bitcoin's 5% Correction Sparks $400M Liquidations as Asia Markets Kick Off the Week
1. Cryptocurrency Market Turmoil:
- In the last 24 hours, more than 120,000 crypto traders experienced substantial losses.
2. Liquidations Breakdown:
- Long positions suffered the most, contributing $356 million to the losses.
- Short traders faced losses totaling $54.79 million.
3. Bitcoin and Ethereum Impact:
- Bitcoin's 5% drop triggered a market decline, with Ethereum following suit.
- Major altcoins, including Solana, XRP, BNB, Cardano, and Litecoin, witnessed notable losses.
4. Exchange Impact:
- OKX and Binance reported the most significant losses, exceeding $171 million and $128 million, respectively.
- An individual recorded an $8.2 million loss on a long Bitcoin bet on OKX.
5. Global Market Overview:
- The global crypto market capitalization fell by approximately 4% to $1.57 trillion.
6. Post-Surge Correction:
- The recent market correction follows a three-month surge driven by optimism about a potential Bitcoin ETF approval in the U.S.
7. ETF Approval Speculation:
- Although the ETF approval hasn't happened yet, ongoing communications between the U.S. SEC and applicants are seen as a positive sign.
8. Market Recovery:
- Bitcoin, after a 5% dip to $41,649, recovered to $42,155 at press time.
- Other major cryptocurrencies experienced similar price declines and recoveries.
9. Long-Term Perspective:
- Experts suggest ongoing SEC communications as a positive indicator, hinting at a potential green light for Bitcoin ETFs.
10. Overall Impact:
- The crypto market takes a breather after enduring significant losses, prompting a reevaluation of the recent surge and the ongoing regulatory landscape.
#BTC #DOGE #BTCAllTimeHigh #BinanceTournament #SECvsCrypto $BTC $ETH $DOGE
1. Cryptocurrency Market Turmoil:
- In the last 24 hours, more than 120,000 crypto traders experienced substantial losses.
2. Liquidations Breakdown:
- Long positions suffered the most, contributing $356 million to the losses.
- Short traders faced losses totaling $54.79 million.
3. Bitcoin and Ethereum Impact:
- Bitcoin's 5% drop triggered a market decline, with Ethereum following suit.
- Major altcoins, including Solana, XRP, BNB, Cardano, and Litecoin, witnessed notable losses.
4. Exchange Impact:
- OKX and Binance reported the most significant losses, exceeding $171 million and $128 million, respectively.
- An individual recorded an $8.2 million loss on a long Bitcoin bet on OKX.
5. Global Market Overview:
- The global crypto market capitalization fell by approximately 4% to $1.57 trillion.
6. Post-Surge Correction:
- The recent market correction follows a three-month surge driven by optimism about a potential Bitcoin ETF approval in the U.S.
7. ETF Approval Speculation:
- Although the ETF approval hasn't happened yet, ongoing communications between the U.S. SEC and applicants are seen as a positive sign.
8. Market Recovery:
- Bitcoin, after a 5% dip to $41,649, recovered to $42,155 at press time.
- Other major cryptocurrencies experienced similar price declines and recoveries.
9. Long-Term Perspective:
- Experts suggest ongoing SEC communications as a positive indicator, hinting at a potential green light for Bitcoin ETFs.
10. Overall Impact:
- The crypto market takes a breather after enduring significant losses, prompting a reevaluation of the recent surge and the ongoing regulatory landscape.
#BTC #DOGE #BTCAllTimeHigh #BinanceTournament #SECvsCrypto $BTC $ETH $DOGE
"Court Declares LUNA and UST Tokens Officially Classified as Securities, SEC Secures Major Win"
The United States Securities and Exchange Commission (SEC) has secured a major victory in its legal tussle against TerraForm Labs (Terra) and its founder, Do Kwon.
Read more on: https://thecryptobasic.com/2023/12/29/sec-records-major-victory-in-terra-case-as-court-finds-luna-and-ust-as-securities/
#terraluna #Lunausdt #SECvsCrypto #SECfiling #CryptonewswithJack
Read more on: https://thecryptobasic.com/2023/12/29/sec-records-major-victory-in-terra-case-as-court-finds-luna-and-ust-as-securities/
#terraluna #Lunausdt #SECvsCrypto #SECfiling #CryptonewswithJack
