Author: News Room
The transition team of President-elect Donald Trump is reportedly discussing creating a new role within the White House dedicated exclusively to cryptocurrency policy. The discussions come as Trump prepares to take office, with industry leaders engaging in meetings to shape the potential role. A Groundbreaking Initiative in Cryptocurrency Policy If established, this groundbreaking position would mark the first-ever crypto-specific post at the federal level, as noted by the industry enthusiast Crypto Mutant via the X platform to his 98,000 followers. This move will signify the growing influence of the digital asset industry in shaping government regulations and policy. https://x.com/CryptoMutant/status/1859443580559032575 Reports…
OSCE reported twelve Ukrainian officials completed a three-day training on investigating crypto and blockchain transactions. The Organization for Security and Co-operation in Europe announced on Friday, Nov. 22, that it had hosted a three-day training session to strengthen the ability of Ukrainian officials to investigate crypto-related crimes. Per a press release, the online program focused on equipping participants with the skills to trace illicit activities on blockchain networks. During the course, 12 officials from Ukraine’s National Securities and Stock Market Commission took part in the training, which covered “key topics such as the basics of blockchain technology, the taxonomy of…
FIFA and game studio Mythical Games are teaming up to create a new mobile arcade-style soccer game called FIFA Rivals, the companies announced Friday. The free-to-play game, which will be available on iOS and Android devices, will allow players to build and manage their own soccer clubs while competing against others in real-time matches. It’s due out in summer 2025, according to a teaser trailer shared with Decrypt. Mythical Games is the studio behind NFL Rivals, another licensed free-to-play mobile sports game that is built around optional NFTs. Available on iOS and Android since April 2023, NFL Rivals lets players…
MicroStrategy’s stock experienced extreme volatility on Thursday, with a dramatic single-day trading range of nearly $139. The day began with an early surge to $535.74, but the momentum abruptly reversed just 13 minutes into the trading session when Citron Research disclosed its short position despite maintaining a bullish stance on Bitcoin. This announcement triggered an […] Read the full article here
Federal Judge Reed O’Connor struck down an SEC dealer rule requiring certain firms, including hedge funds, to register as dealers in the US Treasuries market. He ruled that the SEC exceeded its authority, agreeing with hedge funds that argued the rule was overly broad and could harm liquidity. SEC Dealer Rule Rejected: Blow to Gensler’s Regulatory Agenda The SEC introduced the rule in February in a bid to increase oversight of hedge funds and high-frequency traders in the Treasuries market. The regulator argued this move was integral to ensure such firms faced the same scrutiny as traditional dealers. Two crypto…
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) achieved a significant milestone, bringing in $1 billion in net inflows during a single trading session. U.S. Bitcoin ETFs Draw $1B in Daily Inflows as Ethereum Funds See Mixed Results According to data from sosovalue.com, Blackrock‘s IBIT fund, trading on Nasdaq, led the pack with $608.41 million […] Read the full article here
[PRESS RELEASE – Grand Cayman, Cayman Islands, November 22nd, 2024] Sui drives blockchain innovation with support from global leader in asset management The Sui Foundation, the independent organization dedicated to the advancement and adoption of Sui, the innovative Layer 1 and smart contract platform, today announced a strategic partnership with Franklin Templeton Digital Assets. Franklin Templeton Digital Assets has been investing in the Sui ecosystem, and believes this strategic partnership will provide further benefit toward that effort by seeking value creation opportunities to allow builders of Sui blockchain-based solutions to deploy novel technologies leveraging the Sui blockchain protocol. “Sui was…
Crypto markets will witness $3.42 billion in Bitcoin and Ethereum options contracts expire today. The massive expiration could cause a short-term price impact, particularly as markets wait expectantly for Bitcoin to tag $100,000. With Bitcoin options valued at $2.86 billion and Ethereum at $561.66 million, traders are bracing for potential volatility. Unlike Ethereum, Traders Bet On Bitcoin Price Pullback There has been a significant increase in Bitcoin (BTC) and Ethereum (ETH) contracts due for expiry today compared to last week. According to Deribit data, 28,905 Bitcoin options contracts will expire on Friday with a put-to-call ratio of 1.09 and a…
One of the top Neiro Ethereum holders has surprisingly sparked bearish sentiments amid a bull market, heavily dumping the dog-themed meme token. Recent on-chain data pointed out that the 2nd largest holder of the token, Wintermute, took action to dump $3M worth of coins. This dump has raised substantial investor concerns, further solidified by the coin’s waning price movement amid a broader bull market. Read the full article here
Ethereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin’s price to break through the $3,400 resistance level. As ETH’s price faces bearish pressure, it may begin to shed more of its gains in the coming weeks. This analysis explains why. Ethereum Buying Pressure Faces Dip According to data from SosoValue, Ethereum ETF outflows this week have totaled $163 million. This represents the third-highest weekly net outflows since these funds became tradeable on July…