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In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not "sufficiently clear and comprehensive." There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers' recent applications inadequate . According to the Wall Street Journal, the securities regulator told the Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not "sufficiently clear and comprehensive." These exchanges represent asset managers in the filing of the financial product. In the eyes of the SEC, the exchanges should have named the spot Bitcoin exchange with which they would have a "surveillance-sharing agreement" or provided sufficient information about the details of those surveillance arrangements. However, asset managers can resubmit the filings after clarifying the information. Bitcoin ETFs: A ...

Crypto Market Outlook in 2023 US GDP grew 2% in Q1, well above the 1.3% estimate. US Federal Reserve Chair Jerome Powell, the European Central Bank, and the Bank of England cleared at the annual ECB Forum event that central banks will continue raising interest rates in 2023 H2. Powell on Thursday reiterated two more hikes this year. advertisement The market expects the US Core PCE inflation data, Federal Reserve’s preferred gauge to measure inflation, to come in at 4.7%. It will cause the US Fed to continue hiking rates in H2, as CME FedWatch indicates an 87% probability of a 25 bps in July. The US Treasury General Account rebuilding and the US dollar will also impact crypto prices in the second half, with the US dollar index (DXY) rising again above 103 after two weeks. Crypto analysts and Bloomberg analysts are bullish on Bitcoin price hitting $40,000 in July or early August as traditional finance firms including BlackRock, Fidelity, and Invesco fil...

Join Our Telegram channel to stay up to date on breaking news coverage Thug Life Token ($THUG), a brand-new memecoin concept, started making waves on social media and within web3 circles on June 28. Despite only a few hours since opening its token presale, the initiative has already raised $117,000 through $THUG sales. $THUG is attempting to gather $2 million in order to create a community of thugs capable of outwitting Pepe, Dogecoin, and Shiba Inu. It has the potential to be the most viral token ever. A brief overview of the newly launched Thug Life token In the midst of the crypto market’s resurgence, one newly released memecoin has enormous pump potential. Thug Life is a new memecoin that is expected to go viral after its presale debut. The project includes a variety of well-known memes and celebrities, such as the Dogecoin dog, Snoop Dogg, Hasbulla, and Pepe the Frog. The Thug Life cryptocurrency initiative intends to empower memecoin holders by converting their ...

Superstate, a company built by the founders of Compound Labs, has just secured $4 million in equity funding to bring regulated financial products to blockchain networks. Investors participating in the round include ParaFi Capital, 1kx, Cumberland Ventures, Coinfund and Distributed Global. One of the first products that Superstate plans to bring is a short-term government bond fund that can be held in a cryptocurrency wallet or by a crypto custodian. Superstate filed a draft prospectus with the US Securities and Exchange Commission for the product on Monday.  The fund will enable shareholders to record that they own a government bond fund on the Ethereum blockchain.  “We are creating a new fund that has its own prospectus, which then shares of that fund can be held in blockchain wallets,” Robert Leshner, the founder of Compound Labs, told Blockworks. Holding bond funds on a crypto wallet will primarily benefit crypto-native hedge funds and venture funds, he said. “If you’re se...

Despite experiencing a downtrend, Shiba Inu [SHIB] continued to maintain its momentum. Notably, the whales have remained active, leading to Shiba Inu becoming the most prominent crypto asset held by the top 100 ETH whales. This was apart from Ethereum [ETH] and stablecoins like USDC and USDT. Whalestats data pointed out that the wallets of the top 100 ETH whales contain an astonishing 49.62 trillion SHIB tokens. These holdings are worth about $601.20 million. Nevertheless, Ethereum remains the favored choice among these whales, as they currently hold a significant quantity of 3.12 million ETH. Based on the current market prices, this accumulation of Ethereum is estimated to have an impressive value of $5.13 billion. Source Although the quantity of Shiba Inu tokens held by these whales is significantly larger, it is important to note that Ethereum is valued at a substantially higher price compared to SHIB. Shiba Inu gets a boost in Japan SBI Group, a well-known Japanese financial servic...

The frenzy around meme coins has recently faded, with popular tokens like $PEPE and $Wojak making a dramatic fall. But interestingly, as the hype shifts back to NFTs, $PEPE has received a market boost following the evolution of Pepe Elementals NFTs. Launched earlier this week, Pepe Elementals is an NFT collection featuring a limited edition of 999 NFTs hosted on the Ethereum network. Pepe Elementals NFTs are summoned from the new Pepe Elemental Beans. Hahah there are pepe elementals and they're top 20 volume WE ARE SO FUCKING BACK pic.twitter.com/myohKB6gbr — Oxy (@JEOxendine) June 27, 2023 Pepe Elementals NFTs Rise In Rankings The new Pepe Elementals have gained massive traction among investors, amassing more than 97 ETH in just hours. Pepe Elementals have risen to the top 20 in sales volume. Pepe Elementals NFTs were inspired by new Azuki Elementals NFTs, which also went live this week. Earlier this week, Azuki announced launching of a new NFT collection, “Azuki E...

Protos has learned from European Union authorities that Binance’s companies in Ireland and Malta have raised various red flags, indicating that the crypto exchange is obfuscating illicit activity such as money laundering and tax evasion. European investigators told Protos they’re worried that Binance may be faking its accounts and operations in several EU jurisdictions and commingling funds from revenue streams of different countries to avoid the eyebrows of regulators and tax authorities. According to them, these concerns have been raised due to its operations within Ireland and Malta being particularly difficult to track, despite claiming to employ dozens of employees. Revenue streams are unexplained or explained by “consultancy services” according to official records, and the companies don’t have an active and operational space other than their registered address — which are shared with other companies. In some cases, officials believe Binance is inflating reg...

According to an official announcement, Fireblocks, a crypto infrastructure provider has added support for Amazon Web Services (AWS), and Google Cloud Platform. The firm has also added support for Alibaba Cloud, Thales, and Securosus. The development is a part of Fireblocks’ commitment to increasing the number of enterprises that use its services. According to a spokesperson, banks with on-premise and cloud-based IT infrastructure is another target market for the company. With the latest additions, the enterprise platform now accounted for most of the market share in the cloud sector. Fireblocks has helped over 50 firms transition into the crypto and digital asset industry. These firms include BNY Mellon, BNP Paribas, and the Australian bank ANZ Bank. Robinhood and the fintech business Revolut are also clients of Fireblocks. How does the crypto infrastructure provider help firms with digital assets? Fireblocks has helped firms in building digital asset custody, trading, clearing, and se...

Law enforcement authorities in the US are intensifying efforts to investigate a series of bomb threats targeting major retail chains, with the culprits demanding payments in bitcoin, according to a WSJ report. Over the past few months, prominent grocery operators and stores, including Kroger, Walmart, and Amazon’s Whole Foods Market, have been the recipients of threatening calls. The anonymous callers have explicitly threatened to detonate bombs if their demands for bitcoin payments or other forms of currency are not met. In one incident, a Whole Foods Market employee in Chicago received a call claiming that a pipe bomb had been placed inside the store and demanded $5,000 worth of bitcoin, as reported by the WSJ. Similarly, an employee at a Kroger-owned store in New Mexico was instructed to wire money under the threat of an imminent bomb explosion if the police were alerted. You might also like: China allegedly offers bitcoin bounty to murder Australian CCP critic Des...

Bitcoin begins an "important" week for BTC price performance with $30,000 still intact at the weekly close. Bitcoin (BTC) starts a new week in a solid position above $30,000 after its latest rapid gains. BTC price action continues to deliver on bulls’ expectations after weeks of sideways trading offered little relief. Can it continue? That is the question on every trader’s mind this week — $30,000 held into the weekly close and beyond, but in a volatile crypto market, anything can and does happen. The macroeconomic climate is somewhat “standard” for the final week of June, offering some potential risk asset price catalysts but avoiding several major data releases at once. The weekend’s news out of Russia appears to have had little impact on market performance elsewhere, having mostly concluded before the start of the week’s trading. Turning to Bitcoin itself, a phase of taking stock appears to be here, with fundamentals conversely primed to shift down from all-time highs. S...

Ethereum co-founder Vitalik Buterin and Polygon co-founder Sandeep Nailwal have joined forces to support additional Covid-19 research projects through Nailwal’s Crypto Relief fund. In pursuit of this objective, Buterin has been awarded a generous $90 million grant by Nailwal on Thursday. Crypto Relief was started by Nailwal in April 2021 after India experienced its second Covid-19 wave. Buterin is perhaps the largest contributor to the fund, donating $1 billion worth of shiba inu (SHIB) in May 2021.  The fund has since disbursed hundreds of millions of dollars, most of that money being from Buterin. In January 2022, the fund gave a $100 million grant to Buterin so he could put that money toward his preferred projects. Crypto Relief is now doubling down, with Nailwal announcing he’s giving Buterin 90 million USDC from his original SHIB donation. Buterin said he’ll also kick in $10 million of his own money.  Nailwal took to Twitter on Thursday to let people in on Buterin’s humanita...

When it comes to crypto, financial professionals are “frustrated” as their firms look to stay out of regulators’ crosshairs, according to the founder of the Digital Assets Council of Financial Professionals (DACFP). Ric Edelman, who also founded Edelman Financial Engines, said regulatory uncertainty within the space — highlighted by SEC legal actions against crypto exchanges Coinbase and Binance last week — has reinforced that it is “a difficult, if not dangerous time” to recommend crypto to clients. “When you have the SEC engaging in such aggressive regulatory enforcement behavior, you don’t want to put yourself in a position to become the next target,” Edelman told Blockworks during an interview at the DACFP Vision conference in Austin, Texas.     The number of advisers that own crypto is significantly higher than the ones who suggest such investments to clients — in part, he added, because of restrictions firms put on their financial pros.  A January survey by Bitwise Asset M...

Senator Cynthia Lummis has expressed her opinion on the recent enforcement actions by the Securities and Exchange Commission (SEC) against Coinbase. According to her, the exchange’s compliance efforts with regulations should have been acknowledged by the regulator. She further stated that the SEC’s actions go against America’s business ethics. Sen. Lummis calls for amenable regulations  During a recent interview with Yahoo Finance, Wyoming Senator Cynthia Lummis expressed her confusion regarding the SEC’s actions against Coinbase. She stated, “I’m scratching my head about why they would do that with Coinbase.” Senator Cynthia Lummis commented on the SEC’s recent actions against Coinbase, stating that the exchange had tried cooperating with regulators.  However, despite repeated requests for guidance on compliance by the exchange and other industry players, the SEC failed to provide adequate responses and instead took the...

Michaël van de Poppe claims that BTC could move toward $38,000-$42,000. Currently, BTC is priced at $29,950.06 after experiencing 17.16% in seven days. There is a high chance that $30,000 could become the new support level. A popular crypto analyst Michaël van de Poppe took to Twitter to share his Analysis for BTC momentum in the future. The crypto analyst observed that the 200-Week MA and EMA are holding as support and a big bounce occurred, which was followed by institutional interest. The crypto analyst further pointed out that BTC could move towards $38,000-$42,000. Most likely, this is the first real impulse in this cycle on #Bitcoin. Through that, the 200-Week MA and EMA are holding as support and a big bounce occurred + institutional interest. I'm expecting continuation towards $38,000-42,000. pic.twitter.com/VVErgpWndc — Michaël van de Poppe (@CryptoMichNL) June 22, 2023 Currently, BTC is priced at $29,950.06 after experiencing 17.16% ...