CryptoNews

Sleepy Crypto Market ‘May Get Caught Offside': QCP Capital Eyes Bullish Shift in Ethereum

June 3, 2024
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin hack, which is…
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CryptoNews

SEC Ordered to Pay $1.8M for Misconduct — Debt Box Hails 'Monumental Victory' for Crypto Industry – Regulation Bitcoin News

May 31, 2024
A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, the judge granted the SEC’s motion to…
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CryptoNews

Ark CEO Cathie Wood Talks Bitcoin With El Salvador's President — Applauds His Vision for BTC Hub

May 30, 2024
Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into a hub for the bitcoin and AI communities — two of the most significant economic and technological revolutions in history…
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CryptoNews

Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals

May 29, 2024
Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. Ether Futures Markets Reach…
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