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2024-05-30 08:35:20 Long-term bitcoin holders reaccumulating for first time since last December: Glassnode

Long-term bitcoin holders are starting to re-accumulate for the first time since December 2023 after multiple months of selling, according to Glassnode data. "Residing just shy of its all-time high, bitcoin continues to consolidate, with long-term holders beginning to re-accumulate coins for the first time since December 2023," a report from the market intelligence firm said today.

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2024-05-29 19:55:36 Metaplanet to invest additional ¥250 million in Bitcoin amid staggering stock growth

Japan-based Metaplanet has announced plans to purchase an additional ¥250 million (approximately $1.6 million) worth of Bitcoin. The move has been approved by the company’s board and continues Metaplanet’s aggressive Bitcoin acquisition strategy. Once this purchase is completed, Metaplanet’s Bitcoin holdings will increase significantly from its current 117.72 BTC — valued at ¥1.2 billion ($7.7 million).

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2024-05-28 19:02:01 Ether options open interest now dominated by calls, analysts say

Call options are dominating ether open interest as investors position themselves for a potential increase in institutional demand from spot exchange-traded funds , analysts noted. Ether spot ETFs were approved by the U.S. Securities and Exchange Commission last Thursday — but, unlike bitcoin ETFs, which started trading the day after approval, the ether ETFs may not go live for a few weeks or months.

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2024-05-28 10:10:15 Turkish Parliament Committee to Review Crypto Bill This Week

The Turkish parliament’s Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain licenses and register. This move aims to enhance Turkey’s compliance with the Financial Action Task Force (FATF) standards. In 2021, FATF placed Turkey on its “grey list” due to inadequate oversight of sectors prone to money laundering and financing terrorist organizations.

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2024-05-27 22:35:33 Justin Sun urges crypto community to back pro-crypto presidential candidate

Justin Sun, Tron’s blockchain founder, has called on the crypto community to support a pro-crypto candidate in the forthcoming US presidential elections in November. Sun made this appeal in a May 26 social media post, emphasizing the importance of aligning with a candidate who endorses cryptocurrencies to ensure the industry’s voice is heard and interests protected.

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2024-05-27 08:50:26 Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective

Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head of policy for the Asia-Pacific region at Chainalysis Inc., said the peer-to-peer nature of cryptocurrency activity renders the ban ineffective.

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2024-05-26 08:05:27 Donald Trump, once a Bitcoin skeptic, declares support for crypto in Truth Social post

Former President and current 2024 leading Republican candidate Donald Trump voiced his clearest support of crypto yet today in a post on Truth Social that he shared shortly before his scheduled appearance at the Libertarian National Convention. "I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field," wrote Trump, except in his characteristic capital letters.

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2024-05-25 09:50:19 Former SEC chairman Clayton sees Ethereum ETF trading 'inevitable' but questions remain: CNBC

Former U.S. Securities and Exchange Commission Chairman Jay Clayton broke down the SEC's decision regarding spot Ethereum exchange-traded funds (ETFs) and what the next steps are. Clayton noted that the approved listings bode favorably for the product, adding that he thinks their trading will be "inevitable." But there are still thorny questions surrounding the product. The former SEC chairman first noted that Ethereum ETF approval comes in two steps.

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2024-05-23 18:40:32 QCP Capital predicts spot Ethereum ETF approvals could drive prices higher

Crypto asset trading firm QCP Capital suggested that if spot Ethereum exchange-traded funds are approved in the U.S., the price of ether could rally 60% in the coming weeks to around $6,000 — if the spot Bitcoin ETFs are anything to go by. Bitcoin rose 66% from around $44,500 to a peak of $73,800 in the two months following the Security and Exchange Commission’s approval of spot Bitcoin ETFs on January 10, according to The Block’s price page.

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2024-05-23 08:49:58 US House passes market structure bill to regulate the crypto industry

The U.S. House of Representatives passed a crypto market structure bill that aims to regulate the industry at large, marking the first time comprehensive crypto legislation has been voted on in the full House. The House voted 279 to 136 on Wednesday to pass the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. Seventy-one Democrats voted in support of the bill, including former Speaker of the House Rep. Nancy Pelosi of California.

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