Crypto News
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As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group Inc. But instead of withdrawing the money, an Archegos staffer accidentally wired that amount to Goldman, and the bank didn’t immediately give it back. That left ...
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Beyond the palm-fringed dunes and infinity pools, the super yachts, the stables, and the sprawling villas, looms an imposing monument to the Age of Sam Bankman-Fried. It’s the $30 million penthouse atop the Orchid building where Bankman-Fried lorded over the rise and fall of his $32 billion crypto exchange, FTX. And soon, it could be yours. On Nassau’s New ...
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Bitcoin has had a phenomenal journey from a niche digital currency to a trillion-dollar asset class in a 15-year period. The January 2024 approval of 11 spot bitcoin ETFs was a watershed moment, presenting investors with a gateway to being able to invest in bitcoin through their traditional investment accounts. We expect this will continue to boost broader ...
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post: Fed’s Bostic: Job Growth Has Been Robust, Gives Me Comfort at Staying at More Restrictive Level post: FED'S BOSTIC: WE ARE NOT IN DANGER OF FALLING INTO A MORE CONTRACTIONARY ENVIRONMENT. post: FED'S BOSTIC: WE MAY NEED TO BE MORE PATIENT TO AVOID HEATING THE ECONOMY. post: Fed’s Bostic: There’s Still Considerable Upward Pressure on Prices, Not Past the ‘Worry Point’
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post: CONFIRMED: SEC APPROVES LISTING OF SPOT ETH ETF'S Source: DB | Coins: ETH post: BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening. h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT Order Granting Accelerated Approval of Proposed Rule Changes, as Modified by Amendments Thereto, to List and Trade Shares of Ether-Based Exchange-Trad Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”)1 and Rule 19b-4 thereunder (“Rule 19b-4”), 2 each of NYSE Arca, Inc. (“NYSE Arca”), The Nasdaq Stock Market LLC (“Nasdaq”), and Cboe BZX Exchange, Inc. (“BZX”, and together with NYSE Arca and Nasdaq, the “Exchanges”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) proposed rule changes to list and trade shares of the following. NYSE Arca proposes to list and trade shares of (1) the Grayscale Ethereum Trust3 and (2) the Bitwise Ethereum ETF4 under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares); Nasdaq proposes to list and trade shares of (3) the iShares Ethereum Trust5 under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares); and BZX proposes to list and trade post: TO BE CLEAR: This does not mean they will begin trading tomorrow. This is just 19b-4 approval. Also needs to be an approval on the S-1 documents which is going to take time. We’re expecting it to take a couple weeks but could take longer. Should know more within a week or so!
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The U.S. Supreme Court on Thursday rejected an argument by Coinbase over a case involving the cryptocurrency exchange's 2021 dogecoin sweepstakes that prompted a lawsuit. Why it matters: The ruling marks a new era for consumer protection across the business landscape, with the crypto case largely perceived as a bellwether, according to experts. Zoom in: The ...
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U.S. Treasury Secretary Janet Yellen said on Thursday that G7 finance ministers will discuss their concerns about China's excess industrial capacity and potential responses, ...
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Initial applications for US unemployment benefits fell last week, remaining subdued as both demand for workers and layoffs ease. First-time claims decreased by 8,000 to 215,000 in ...
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Nothing truly occurs in a vacuum. All events have preceding factors, with many prior elements bubbling below the surface, most of which you didn’t even know existed. Unintended ...
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In the week ending May 18, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 8,000 from the previous week's revised level. The previous week's ...
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US business activity growth accelerated sharply to its fastest for just over two years in May, according to provisional PMI survey data from S&P Global, signalling an improved ...
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2024. Sales of new ...
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If you’re like me, you’re dreading the constant, excessive US election coverage that will inevitably take over the newswires this summer and into the fall. While the market and trading implications of the election are generally overplayed, there are key situations where politics can have a direct, dramatic impact on markets, and that’s exactly what we’re ...
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The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum’s 0.6% rise. The top altcoins have comparatively subdued and varied dynamics, with fluctuations between -2% for ...
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It's been a heck of a ride over the past few years for digital asset markets. The November 2022 collapse of once-dominant cryptocurrency exchange FTX had a chilling effect on investor enthusiasm, and harsher regulatory scrutiny in the sector became the norm. But thanks in large part to the long-term promise of "Web 3.0" technology and fintech innovations – ...