Author: News Room
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…
Earlier today, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI’s price, falling from $3.73 to $3.64. Despite concerns of a more significant decline, the price stabilized after the project announced that the network was fully restored and operational. Sui Comes Back Online, Altcoin Still in Good Position Around 10:52 UTC, web3 security firm ExVull disclosed that a DOS bug caused the Sui network outage. Fully known as a Denial-of-Service (DoS) attack, the bug” refers to a software attack that overwhelms a system…
Methods of injecting malicious links are increasing, and it appears to have spread to even AI chat. In this case, the AI bot proposed scam API services, which led to user losses. A user discovered ChatGPT is not as security conscious as they expected, especially with crypto links when they tried to create a simple crypto app, a token bumper for Pump.fun. The API link that ChatGPT provided was contaminated and led to an immediate loss. The token bumper connected to the flawed API, which ended up demanding the wallet’s private key and siphoning all its assets. The incident serves…
Stellar (XLM) price has surged more than 20% in the last 24 hours and is up an impressive 124.86% over the past seven days, reaching $0.30, its highest price since December 2021. This rapid ascent reflects strong bullish momentum, supported by key indicators like RSI, which remains in the overbought zone. However, the relatively weak CMF suggests that the current trend may not yet have the strength to sustain further gains without renewed capital inflows. Whether XLM can push toward a $10 billion market cap or face a potential correction will depend on how well it holds key support levels…
Bitcoin is treading a fine line near the coveted $100,000, keeping traders on edge as the market teeters between a breakout or a correction. Bitcoin Currently priced at $98,500 to $98,750 over the last hour, bitcoin (BTC) is navigating a complex market terrain defined by psychological resistance at $100,000 and a well-established support zone below. […] Read the full article here