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BTC dropped to $62,500 today after it was rejected at $64,000.
Users have until December 31, 2024, to withdraw all funds as the exchange prepares to close their accounts.
Quick Take The recent rise in stablecoin market cap is providing liquidity that could help an uptrend in bitcoin and other major cryptocurrencies, according to CryptoQuant. K33 Research highlighted bullish factors for bitcoin in the fourth quarter, including the Federal Reserve’s policy shift, China’s liquidity push, and the SEC’s recent approval of options trading on spot bitcoin ETFs.
Quick Take A spot XRP ETF has not been approved by the U.S. Securities and Exchange Commission before and if it does, would likely face challenges. Meanwhile, Grayscale has said it has plans to launch an XRP “closed-end” fund for accredited investors.
Quick Take In a notice of appeal filed on Monday, Alexandra Shapiro, partner at Shapiro Arato Bach, was named as defendant’s counsel for Combs. Both Bankman-Fried and Combs also share the same unit in a sort of dormitory like room at the Metropolitan Detention Center in New York, according to The New York Times.
Quick Take An Indiana man pleaded guilty to “cyber intrusion” and stealing cryptocurrency worth over $37 million from nearly 600 victims, according to the U.S. Attorney’s Office. “The stolen cryptocurrency … was then funneled to various locations throughout the world, including multiple mixing services and gambling websites.”
Share link:In this post: Bitwise has filed for an XRP ETF in Delaware as it expands its crypto offerings. The approval might be a long process as the SEC reviews the application. If approved, the ETF would expand the use of XRP in traditional markets even more.
Quick Take The crypto venture capital market hasn’t fully adjusted to post-pandemic downturn realities, said Multicoin Capital Managing Partner Tushar Jain. Overhyped valuations and stalled token prices reflect challenges across the crypto sector. Jain maintains confidence in crypto’s core principles despite the market’s volatility.
- 19:25In the past 24 hours, $401 million in contracts were liquidated across the network, primarily long positionsPANews reported on May 15 that Coinglass data shows that in the past 24 hours, the cryptocurrency market saw a total liquidation of $401 million in contracts across the network, with long positions liquidated at $328 million and short positions at $73.686 million. The total liquidation amount for BTC was $57.7693 million, and for ETH, it was $98.5453 million.
- 19:22US Government Official: Treasury Department May Issue General License Covering Broad Economic Sectors in Coming WeeksU.S. government officials: The Treasury Department may issue a general license covering a wide range of economic sectors in the coming weeks, aimed at supporting reconstruction efforts.
- 19:21Data: Today's US Bitcoin ETF net inflow is 2,494 BTC, Ethereum ETF net inflow is 27,202 ETHAccording to Lookonchain monitoring, today 10 US Bitcoin ETFs had a net inflow of 2,494 BTC, with BlackRock accounting for an inflow of 2,250 BTC. BlackRock currently holds 627,986 BTC, valued at $64.19 billion. 9 Ethereum ETFs had a net inflow of 27,202 ETH, with BlackRock accounting for an inflow of 22,097 ETH. BlackRock currently holds 1,281,114 ETH, valued at $3.23 billion.