Crypto market in limbo as technicals hint Bulls vs. Bears fight ahead
The general cryptocurrency market has been on a bullish momentum in recent weeks, led by Bitcoin (BTC), with anticipation that the positive gains will likely continue, backed by factors such as favorable regulations. Amid the anticipation, crypto analyst AlanSantana in a TradingView post on November 29, suggested that the market appears to be hanging in the balance as technical indicators suggest a potential showdown between bullish and bearish forces. Despite a generally positive technical picture marked by rising prices, new highs, and trading above moving averages, the analyst emphasized the need to remain ... (full story)
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post: [PN] SEC FILED FIDELITY SPOT ETHEREUM ETFSEC Acknowledges Ethereum ETF Filing By Fidelity The US Securities and Exchange Commission (SEC) has acknowledged receipt of an application by asset management giant Fidelity to list a spot Ethereum exchange-traded fund (ETF), according to todayís SEC filing. The filing from Cboe BZX Exchange proposes listing and trading shares of the Fidelity Ethereum Fund, structured as a commodity-based trust that would hold ether. The trust aims to track the performance of the Fidelity Ethereum Index, less expenses and liabilities. The SEC has several Ethereum ETF applications under review that it must approve or deny, including filings by major financial firms BlackRock, ARK Invest, VanEck, Hashdex, Invesco, and Galaxy Digital Holdings. Fidelity Digital Assets Services would serve as the regulated custodian for the trustís ETH holdings. The filing argues that the CME Ether futures market is of significant size for surveillance-sharing purposes to meet SEC listing standards that aim to prevent fraud and manipulation.
We have had quite a lot of US data today, starting with initial jobless claims, which rose to 218k last week, from an upwardly revised 211k (initially reported as 209k). ...
post: <=USD>:*WILLIAMS: BALANCE SHEET UNWIND 'STILL HAS QUITE A BIT TO GO' *WILLIAMS: EXPECT '24 GDP GROWTH BELOW TREND, BUT QUITE POSITIVE *WILLIAMS: RATE CUTS TO DEPEND ON HOW ECONOMY, INFLATION EVOLVE *WILLIAMS: NOT LOSING MUCH SLEEP OVER MARKET FORECASTS FOR CUTS
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post: LIANG: LACK OF REGULATION FOR STABLECOIN NOT FOR LACK OF TRYING TREASURY'S LIANG: HUGE OPPORTUNITIES FOR DIGITAL INNOVATION post: *TREASURY'S LIANG SAYS US SHOULD HAVE GUARDRAILS FOR STABLECOINS post: LIANG: DECISION ON WHETHER TO ADOPT CBDC A FEW YEARS AWAY
The regulatory struggles of crypto are evident. Despite the growing adoption of digital assets across almost every industry, there has been a significant lack of regulatory ...
Hester Peirce, commissioner at the US Securities and Exchange Commission, isnít quite sure what her agencyís endgame appears to be. ďThere doesnít seem to be a rhyme or reason for ...