Representatives from BlackRock (BLK), Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss rule changes required for the listing of the Bitcoin (BTC) exchange-traded fund (ETF), a published Memo. “The discussion concerned NASDAQ Stock Market LLC’s proposed rule change regarding the listing and trading of shares … [Read more…]
On Monday, BlackRock (BLK) filed a revised proposal for a spot Bitcoin (BTC) exchange-traded fund (ETF) in an attempt to appease regulators, which is likely to boost its chances of getting a first-of-its-kind approval in the US Under the updated proposal, BlackRock’s ETF will have cash creation and redemption mechanisms, the model preferred by the … [Read more…]
In Monday’s trading session, crypto futures traders lost over $500 million in liquidation positions as severe volatility impacted highly leveraged long and short positions, with some major exchanges plunging as much as 12%. Data shows that Bitcoin (BTC) plunged from $43,000 to as low as $40,300, leading to declines in major tokens such as Chainlink … [Read more…]
The 4% drop to $42,000 cooled the overheated crypto perpetual futures market and paved the way for a steady rise through the end of the year. Perpetuals are futures with no expiration date with a funding rate mechanism that helps tie the prices of the perpetuals to the index price. Funding rates are regular payments … [Read more…]
About two years ago, crypto prices peaked. Bitcoin (BTC) almost reached $70,000. Then it got bad, then it got worse, and then it got catastrophic. After the FTX explosion, BTC fell to $15,000. Prices have largely recovered in 2023, but these felt like hard-fought gains – rallies were quickly followed by setbacks. In mid-October, the … [Read more…]
Binance founder Changpeng “CZ” Zhao poses “no flight risk” and should be allowed to return to the United Arab Emirates for now, according to a filing on Thursday. The partially redacted document rejected a request from the U.S. Justice Department arguing that Zhao should not leave the U.S. before his sentencing in February after pleading … [Read more…]
Former Binance CEO Changpeng Zhao (CZ) will not be allowed to leave the United States before his sentencing in February on a charge of violating the Bank Secrecy Act, federal prosecutors said in a court filing Wednesday. Zhao pleaded guilty and resigned from the crypto exchange he founded on Tuesday, while Binance pleaded guilty to … [Read more…]
Volatile crypto markets turned higher this week on Wednesday afternoon, with Bitcoin (BTC) breaking $37,400 and now higher this week, even as another crypto major exited the scene. Crypto markets were initially shocked on Monday by news that a possible comprehensive settlement in the US criminal cases against Binance, the world’s largest crypto exchange, could … [Read more…]
Potential Bitcoin exchange-traded fund (ETF) issuer Hashdex amended its filings on Friday, naming BitGo as its Bitcoin custodian and changing the name of its Bitcoin futures ETF to Hashdex Bitcoin ETF, as it – and other companies – continues to hope for a Bitcoin custodian approval for the US’s first spot Bitcoin ETF at the … [Read more…]