On Jan. 12, 2025, bitcoin’s price has been drifting within the $ 95,000 range, while market participants on prediction platforms such as Kalshi and Polymarket are placing their bets on its future trajectory. Currently, a Polymarket wager suggests a 12% likelihood that bitcoin could climb to $ 120,000 by the close of the …
10x Research and its CEO and Head of Research, Markus Thielen, have recently taken a more cautious stance on bitcoin (BTC), prompting a re-evaluation of market conditions. Has Bitcoin Peaked? Analysts Spot Ominous Signals In a market update published on Dec. 29, 2024, the firm acknowledges the cryptocurrency’s resilience, however, emerging technical patterns suggest the […]
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the […]
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […]
On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $ 33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $ 120.28 million. Ether ETFs Bounce Back After 4-Day Outflows The …