SEC Delays Consideration of Spot Bitcoin-ETF Application 😱 | TopCryptoNews på Binance Square

Populära artiklar

Bokmärk och gillad

--・3.3k views

SEC Delays Consideration of Spot Bitcoin-ETF Application 😱
The bids of WisdomTree, Invesco and Valkyrie have been postponed.
The SEC will wait until around October 17 to make a final decision.
Bitcoin reacts by dropping to $26,000. 
$BTC #TopCryptoNews 

0 personer gav dricks till skaparen.

Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Kan innehålla sponsrat innehåll. Se användarvillkor.

0

Utforska de senaste kryptonyheterna

⚡️ Var en del av de senaste diskussionerna inom krypto

💬 Interagera med dina favoritkreatörer

👍 Ta del av innehåll som intresserar dig

E-post/telefonnummer

Relevant kreatör

@TopCryptoNews

Utforska mer från Creator

🐋 Arbitrum (#ARB ) Faces Network-Wide Decline as Whales Sit on Sidelines ARB, the native token of the leading Layer 2 (L2) network Arbitrum, has dropped significantly in the past few weeks. On July 5, the altcoin traded at an all-time low of $0.57. Although ARB’s price has since climbed 22%, the decrease in user demand for the L2 network threatens to erase these gains. 🔸 Arbitrum Witnesses User Exodus On-chain data has shown a decline in user demand for Arbitrum since June 21. Since that day, the daily count of active addresses involved in at least one transaction on the L2 has plummeted by over 46%. Due to the fall in the count of unique addresses active on the network, the number of transactions completed daily on Arbitrum has also dwindled. After climbing to a year-to-date peak of 3.5 million, the daily transactions count on the L2 initiated a downtrend. It has since decreased by 34%. With fewer transactions completed on the L2, Arbitrum’s network fees and revenue derived from them are at multi-month lows. Arbitrum’s total network fees spiked to an all-time high of $3.4 million on June 20 because the L2 was used as the main coordination chain for the LayerZero airdrop. However, following the conclusion of the controversial airdrop, users flocked out of Arbitrum, pushing its network fees down by 98% the following day. The network’s revenue witnessed a 99% decline during the 24-hour period. Lead Analyst at Santiment, Brian Quinliven, added to the bearish sentiment, insisting that whales could be holding out for bullish momentum before shifting funds around: 💬 “The lack of whale activity looks quite similar to what we have been seeing for Optimism. A gradual decline in big moves isn’t necessarily a bad thing. It simply means they may be waiting for a bit more volatility to really capitalize on before making their moves.” Quinlivan stated. Quinlivan also added that wallets holding at least one million ARB hold a very high level of Arbitrum’s supply despite the large price decline in 2024. $ARB

--

🔥 XRP Bulls Eye Recovery Above $0.440: Technical Breakout Imminent? ● XRP is showing signs of a bullish trend with the token trading above $0.430 but needs to break through the $0.440 and $0.450 resistance levels to solidify this upward trend. ● Non-compliance with this, XRP could result in another decline, with key support at $0.420 and $0.4050 in sight. The crypto markets have shown signs of recovery in the past few days and XRP has not been left behind. At the time of writing, XRP is exchanging hands at $0.4406 making a 1.42% surge. As demonstrated, XRP’s price is treading above the recovery level of the $0.4220 zone. XRP’s price, simply hovering above $0.43 is showing the live functions of a bullish trend. bullish signal. These resistance levels coincide with Fibonacci retracement levels, which are technical indicators used to identify potential support and resistance zones. In this case, the $0.440 level represents the 76.4% retracement of the recent downward move. However, While technical indicators point to a bullish direction, XRP has major impediments that need increased emphasis. With a select group showcasing a bearish sentiment, the bears are showing resistance near the $0.4380 and $0.440 levels. If the bears outwit the bulls, a reversal is highly expected and a downward trend is likely to occur. The initial support level on the downside begins near the $0.4320 level. The next major support is at $0.420. A downside break and a close below the $0.420 level could lead to a continued decline toward the $0.4050 support in the near term. Looking at the hourly Moving Average Convergence Divergence (MACD) of XRP/USD, which shows momentum, is showing fading signs of the bearish zone. This suggests that the downward momentum might be weakening. However, the Relative Strength Index (RSI) is hovering above 50, indicating that the coin might not be oversold yet. While XRP struggles to break through the $0.440 and $0.450 support level, as earlier reported on CNF, one crypto analyst alias LUDXRPFLR. $XRP #XRP

--

📣 Binance Vs SEC: Judge Sets Deadline For Discovery Phase Post Major Ruling Binance vs SEC: Judge Jackson issued minute orders to end the discovery phase in lawsuit, with the deadline to file a last joint submission by July 29. In the latest development in the U.S. SEC lawsuit against Binance, former CEO Changpeng Zhao, and Binance.US, a judge issued minute orders to end the discovery phase. The district court dismissed the SEC’s securities law violation claims regarding sales of BUSD, Simple Earn, and secondary sales of BNB. 🔸 Court Sets Deadlines for Remaining Motions Judge Amy Berman Jackson issued several minute orders to end the discovery phase in the Binance Vs SEC lawsuit, according to the latest court filings. In a minute order, Judge Jackson asked parties to file a joint submission by July 29 for further proceedings. Binance and SEC are required to set deadlines for any motion to amend the complaint or for relief from the recent decision on a motion to dismiss. Parties seeking to amend or relief in response to the latest ruling are required to submit “whether and how discovery would commence if any motions to amend or for relief are filed, and whether discovery should proceed in phases.” In addition, a minute update on scheduling conference proceedings was added to the docket for meeting and conferring on filing a joint submission as per the deadline set by the court. 🔸 Binance Eyes Victory in Other Motions Binance partial victory fueled positive sentiment in the crypto market as the judge indirectly sided with Judge Torres doctrine on crypto secondary sales and programmatic sales are not securities. The court ruled crypto tokens are not securities, sales of BNB on secondary exchanges were not sufficiently alleged to be securities, and stablecoin BUSD is not classified as a security. The decision on BUSD was based on US DOJ filings in Mango Markets lawsuit that contradicted the SEC’s position that BUSD and other stablecoins are unregistered securities. #Binance #BNB

--

📊 The size of Bitcoin's correction compared to previous cycles. Bitcoin has now recorded a fairly deep drawdown in the current cycle, trading 23% below ATH *. *️⃣ ATH is the highest price of an asset of all time . But the drawdown still remains historically insignificant compared to past cycles. ➗ As you can see from the chart, Bitcoin was trading 60% below its ATH during the pandemic. We can say that now not everything is so bad and because of the negative market, compared to previous crypto cycles . $BTC #BTC

--

🔥 If you invested $1K in Bitcoin when Tesla first bought it, you'd be this much in profit The last Bitcoin (#BTC ) bull run, which culminated in an all-time high of almost $69,000 in 2021, was mainly driven by growing institutional interest in the crypto space. Notably, electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) was among these entities after purchasing $1.5 billion worth of Bitcoin, a decision that saw the maiden crypto rise to the $44,000 mark. The February 8, 2021, announcement sent shockwaves in the financial world, signaling Bitcoin’s mainstream acceptance. At the time of the purchase, Bitcoin was valued at $38,886. Fast forward to today, July 10, 2024, and Bitcoin is trading at $58,124. Between these dates, Bitcoin has seen significant price fluctuations, including a record high of above $70,000. Tesla’s endorsement of Bitcoin not only represented a major vote of confidence from one of the world’s most influential companies but also legitimized the cryptocurrency in the eyes of traditional investors. 🔸 Bitcoin’s return on a $1,000 investment In this line, the returns have been impressive for those savvy investors who seized the opportunity and invested $1,000 in Bitcoin on the day of Tesla’s announcement. An initial investment of $1,000 at $38,886 per Bitcoin would have purchased approximately 0.0257 BTC. With #Bitcoin now trading at $58,124, the current value of that investment would be approximately $1,493.59. This means that the investment would have yielded a profit of $493.59. Notably, Bitcoin’s journey since Tesla announcement has been anything but smooth. The overall cryptocurrency sector has experienced significant fluctuations, influenced by many factors, including regulatory news, market sentiment, macroeconomic trends, and the evolving landscape of digital finance. It’s worth noting that although Tesla made a U-turn on its decision to accept Bitcoin, the investment extends beyond the immediate profit. It began a broader acceptance of cryptocurrencies by mainstream companies and financial institutions.

--

Senaste nytt

Traditional Financial Giant Franklin Submits Ethereum Trust Application to SEC

--

Average Daily Trading Volume of Top Seven US Bitcoin Spot ETFs in July Hits $1.75 Billion

--

Bitcoin Spot ETF Launch Heralds New Momentum in Cryptocurrency Sector, Says Mathew McDermott

--

Biden's Nomination Odds Drop Below 50% Amid Health Concerns

--

Significant Capital Flows Noted in Cryptocurrency Funds

--

Cookie Preferences

Plattformens villkor

Plattformens villkor

ba-one-trust-cookie