Day: July 2, 2024

Ether ETFs Await U.S. Debut

In a significant financial shift, professional investors have withdrawn over $120 million from ether (ETH)-tracked exchange-traded products (ETPs) in just two weeks, according to a recent report from crypto firm CoinShares. This marks the largest outflow since August 2022, with $60 million departing each week. Despite these substantial outflows, the landscape for other crypto ETPs […]

Supreme Court Ruling Ignites Memecoin Frenzy

The recent US Supreme Court decision, which ruled that former President Donald Trump cannot be prosecuted for acts committed while in office, has unexpectedly spurred a rally among politically themed memecoins. This verdict, delivered by an ultraconservative bench, has notably impacted both the legal landscape and the cryptocurrency market, especially with tokens that carry political […]

Coinbase Challenges SEC: Seeks Clarity in Crypto Regulations

Coinbase has escalated its ongoing legal confrontation with the U.S. Securities and Exchange Commission (SEC), drawing on a recent court victory of Binance as a precedent. In a significant legal filing, Coinbase cited the dismissal of the SEC’s claims against Binance, where the judge ruled that secondary market transactions of the BNB token were not […]

Germany’s Bitcoin Sell-off Spree: What’s Driving the Strategy?

In a notable move on Tuesday, the German government transferred 282.74 BTC, valued at approximately $17.64 million, to major cryptocurrency exchanges including Bitstamp, Coinbase, and Kraken. This action occurred at 4:20 p.m. Central Indonesian Time, continuing a broader trend of divestment by Germany, with over 3,000 BTC moved to centralized exchanges in just the past […]

Robinhood Crypto Conquers All US States: What’s Next?

Robinhood Crypto has officially expanded its reach to all 50 states, including the U.S. Virgin Islands and Puerto Rico, marking a significant milestone in its operational footprint. Starting today, users across all U.S. territories can trade a diverse portfolio of 15 assets, such as Bitcoin, Ethereum, Dogecoin, and Avalanche. This expansion gives Robinhood a competitive […]