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Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility

January 10, 2024

Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos in Bitcoin Markets This erroneous message from the official Twitter of the U.S. Securities and Exchange Commission…

Ethereum Technical Analysis: Ether Echoes Bitcoin's Volatility Amid Growing ETF Anticipation

January 9, 2024

Ethereum’s trading value, standing at $2,265, represents a fluctuation within a daily range of $2,170 to $2,310, against the dynamic canvas of a $272 billion market capitalization and a robust 24-hour trading volume of $19.24 billion. Ether, along with a multitude of…

L2 Crypto Token Stacks Leads With 29% Gain in Varied Week for Cryptocurrencies

January 9, 2024

This week witnessed a 5% uptick in bitcoin’s value, while ethereum experienced a 1.6% dip over the same period. Leading the charge among the top 100 cryptocurrencies, stacks (STX) soared 29.2%, with osmosis (OSMOS) closely trailing with a 17% increase against the U.S.

Ark Invest CEO Expects Spot Bitcoin ETFs to Attract 'Substantial' Institutional Flows, Pushing BTC 'Much Higher'

January 9, 2024

Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the SEC approval, should we and others get it, is a green light for institutions. We’ve been talking to quite a few of them, and they’re much more interested now…

Luetkemeyer's Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee

January 9, 2024

Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee. Shift in House Financial Services Committee Leadership…

Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month

January 9, 2024

Cryptocurrency derivatives exchange Bitmex is sending a physical bitcoin to the moon. “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex…

SEC Chair Gary Gensler Issues Crypto Warnings as Spot Bitcoin ETF Decision Looms

January 9, 2024

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand they may be deprived of key info” and “other important protections” in connection with their investment. Gary Gensler’s Crypto Warnings The…

Report: Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud

January 8, 2024

The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both cash and virtual…

New US Crypto Tax Law, SEC Still Processing BTC ETFs, Saylor Buys More BTC, and More

January 8, 2024

The U.S. introduces stringent tax reporting laws for transactions over $10,000, while the SEC grapples with a backlog of paperwork for pending spot Bitcoin ETFs. Meanwhile, Michael Saylor sells Microstrategy shares to increase his bitcoin holdings, and CNBC’s Jim Cramer…

Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse

January 8, 2024

Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to a dollar liquidity rug pull.” Ex-Bitmex Chief’s Bitcoin Predictions Former Bitmex CEO Arthur Hayes outlined…