Crypto News LIVE Updates: Bitcoin prices hit a fresh milestone, hitting the $46,000 level, ahead of the highly speculated Bitcoin ETF approval by The SEC. If spot Bitcoin ETFs get the nod from the SEC, they will trade at an 8% premium to their net asset value, according to Reggie Brown, Head of ETF Trading at market maker GST.
The remarks came as would-be Bitcoin ETF issuers, including the likes of BlackRock, Valkyrie, VanEck, and Fidelity, among others, filed amended S-1 applications with the US securities watchdog, in hopes of receiving approval to launch their spot Bitcoin products.
Making headlines in crypto news, Bitcoin also made a ‘Golden Cross’ for the first time in its history, hinting towards a bullish trend in the market.
Meanwhile, the US commodities watchdog, CFTC, has released a report, outlining the emerging risks associated with digital assets, especially within the decentralized finance (DeFi) space. One of the major concerns, the report states, is the lack of accountability within the DeFi sector, which poses risks to consumers, investors, and financial stability.
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08:51:55 PM IST, 9 January 2024
Crypto News LIVE: SEC Chair Warns Investors of “Risks Involved” in Crypto Assests
SEC Chair Gary Gensler posted another cautionary tweet on platform X, warnings investors about the “risk involved” in crypto assets. The tweet comes a day after Gensler had posted a thread on platform X warning market about the “FOMO” of digital currencies.
08:38:48 PM IST, 9 January 2024
Crypto News LIVE: Invesco US And Galaxy Follow Suit to File an Amended S-1
Invesco US And Galaxy are the latest to jump on the bandwagon amended filings for spot Bitcoin ETF approval. Just like their peers, Invesco and Galaxy have submitted a modified version of their S-1 application with the SEC.
08:32:10 PM IST, 9 January 2024
Crypto News LIVE: Celsius Transfers $90 Million In ETH
Celsius Network has transferred ETH worth $90 million to CoinBase account and Falcon-X in the last week. It still holds more than $108 million worth ETH still.
08:17:04 PM IST, 9 January 2024
Crypto News LIVE: Crypto Hackers Target Ethereum, Solana & Tron Communities
Phishing scammers have recently begun to target communities like Tron (TRX), Solana (SOL), and Ethereum (ETH). Their previous focus was using EVM chains to carry out cryptocurrency schemes. Nevertheless, the pattern has shifted subsequent to their penetration into reputable cryptocurrency communities.
08:05:49 PM IST, 9 January 2024
Crypto News LIVE: Pantera Capital to Buy $200 Million Bitcoin
Pantera Capital to buy $200m Bitcoin through BitWise ETF. The transaction comes at a time when whale movements in the market are increasing amid bullish sentiments around Bitcoin ETF approval.
07:52:35 PM IST, 9 January 2024
Crypto News LIVE: BitPay Expands its Cryptocurrency Support
New payment interface for cryptocurrency users, featuring support for more than a dozen additional coins, was unveiled by BitPay on Tuesday. Users of the BitPay platform will now be able to pay with community-driven assets such as VERSE (VERSE), Cronos (CRO), Binance Coin (BNB), Chainlink (LINK), Uniswap (UNI), Basic Attention Token (BAT), and many more.
07:34:57 PM IST, 9 January 2024
Crypto News LIVE: Bitcoin ETF Expected to Begin Trading on Thursday: Valkyrie Co-Founder
According to Steven McClurg, co-founder of Valkyrie Investments, the spot Bitcoin ETF is anticipated to get SEC approval by the end of Wednesday and start trading on Thursday morning. The first ten ETFs will launch simultaneously.
07:21:39 PM IST, 9 January 2024
Crypto News LIVE: Grayscale Files Amended S-1 With The SEC
Following the suit in the latest S-1 amendments, Grayscale has filled its fifth amendment to its spot Bitcoin ETF application with The SEC.
07:04:14 PM IST, 9 January 2024
Crypto News LIVE: ARK 21Shares Submits Amended S-1 filing
Latest in the suit, ARK 21Shares has submitted an amended S-1 filing, following competitors like Blackrock and VanEck. According to public filings, the SEC received the seventh modification to ARK 21Shares’ application for a spot Bitcoin ETF.
06:50:53 PM IST, 9 January 2024
Crypto News LIVE: Blockchain Association CEO Kristin Smith Responds to Senator’s Concerns
CEO of the Blockchain Association Kristin Smith responded to Senator Elizabeth Warren’s concerns on Tuesday about hiring in a public letter. In the letter, Smith said ” While Blockchain Association does not currently employ anyone with the credentials listed in your first question, we are fortunate and proud to count many former military, national security, intelligence officers, and law enforcement professionals among our membership. “
06:30:36 PM IST, 9 January 2024
Crypto News LIVE: Bitcoin Marks First Ever “Golden Cross”
Bitcoin made a ‘Golden Cross’ for the first time in its history, hinting towards a bullish trend in the market. A golden cross is an indicator when the 50-week moving average crosses over the 200-week moving average.
06:11:28 PM IST, 9 January 2024
Crypto News LIVE: CoinDCX Allocates $1 Million to Facilitate Transfer of Assets from Overseas
FIU-registered Indian exchange, CoinDCX declared that it would set aside $1 million to Treasury Funds to help investors move their assets from offshore exchanges that do not comply with the FIU.
06:00:11 PM IST, 9 January 2024
Crypto News LIVE: Binance Lists New Gaming Token
A brand-new gaming coin named Xai (XAI) was added to Binance’s platform on Tuesday. Following its listing on Binance, the price of XAI increased by almost 7% and reached a record high.
05:42:42 PM IST, 9 January 2024
Crypto News LIVE: Over $127 Million Transferred in Unknown Account Amid Surge in Whale Transactions
Crypto markets are seeing a surge in hefty transactions as bullish sentiments in the market rise, ahead of SEC’s decision on the spot Bitcoin ETF approval. In one such transaction, over $127 million have been transferred into an unknown account on Binance.
05:20:59 PM IST, 9 January 2024
Crypto News LIVE: Blackrock, VanEck File an Amended S-1
Both Blackrock and VanEck have submitted updated S-1 forms for ETF applications ahead of the anticipated date of the approval of the Bitcoin ETF. The last-minute filing modifications occur right before the SEC’s anticipated final ruling on January 10.
05:08:44 PM IST, 9 January 2024
Crypto News LIVE: Netflix Debuts Crypto-Based Documentary “Bitcoined”
Streaming platform Netflix is riding the hype around digital currency with the launch of the crypto based documentary called “Bitcoined”. The storyline of the series revolves around The Miami crypto brothers who ran a multimillion-dollar initial coin offering (ICO) and will eventually face 100 years in prison.
04:36:28 PM IST, 9 January 2024
Crypto News LIVE: Open Interest In Bitcoin Futures Soars To $20 Million Amid Spot Bitcoin ETF Buzz
While the final decision on spot Bitcoin ETFs is still pending, the open interest in Bitcoin futures continues to rise, surpassing $19.5 billion as of January 9, 2024, data from CoinGlass shows.
03:55:48 PM IST, 9 January 2024
Crypto News LIVE: Top Analyst Expects Rebound In Cardano (ADA) Prices
Cardano (ADA) is set for a potential bull run, which could lift the token’s price to as high as $6, renowned crypto analyst Ali Martinez said. According to a post shared by Martinez on X, the current price action of ADA mirrors the patterns seen between 2018 and 2020, and has huge upward potential.
03:39:42 PM IST, 9 January 2024
Crypto News LIVE: FTX And Celsius Rush To Book Profits, Transfer $35M in WBTC And ETH To Binance and Coinbase
The FTX and Celsius Network are said to have transferred $35 million worth of Wrapped Bitcoin (WBTC) and Ethereum (ETH) to centralized exchanges (CEXs), including Binance, and Coinbase — potentially to cash out or move their holdings to different digital assets. The move coincided with recent price surge in both WBTC and ETH.
03:21:21 PM IST, 9 January 2024
Crypto News LIVE: Singapore Regulator Places imToken and BKEX on Alert List
The Monetary Authority of Singapore (MAS) on Tuesday placed custodian crypto wallet imToken and crypto exchange BKEX on its Investor Alert List. The decision comes amid growing regulatory concerns in Singapore’s crypto landscape.
02:54:41 PM IST, 9 January 2024
Crypto News LIVE: SEC Chair Could Still Take U-Turn on Spot Bitcoin ETFs
The SEC was quick to comment on the amended S-1 applications submitted by would-be spot Bitcoin ETF issuers. The move has the crypto industry on the edge, with Perianne Boring, president and founder of the Chamber of Digital Commerce, saying the SEC Chair Gary Gensler could come up with another way to reject spot Bitcoin products.
02:37:13 PM IST, 9 January 2024
Crypto News LIVE: What’s Next For SEI After 20% Price Surge?
SEI, the native token of Layer-1 blockchain Sei, made a tremendous comeback, surging 20% over the last 24 hours to $0.75. The token has appreciated a whopping 170% in the last 30 days.
02:11:41 PM IST, 9 January 2024
Crypto News LIVE: Shiba Inu (SHIB) Burn Rate Spikes 900% Amid Price Rally
The Shiba Inu (SHIB) burn rate rose by a whopping 900% over the past 24 hours, with nearly 34 million SHIB tokens sent to burn addresses. The development coincided with the price surge in SHIB, with the meme coin having appreciated over 5% to $0.00000952 in the past 24 hours.
01:34:06 PM IST, 9 January 2024
Solana Now Second Largest Ecosystem In Terms Of Monthly Active Developers
The Solana developer ecosystem has maintained steady growth over the past 12 months after witnessing a sharp decline in developer count from all-time high in December 2022. An average of 2500-3000 monthly active developers were building on Solana throughout 2023, recent data from the Solana Foundation showed.
01:03:22 PM IST, 9 January 2024
Crypto News LIVE: Spot Bitcoin ETFs Could See 8% Premium
With investors keenly awaiting the SEC’s decision on spot Bitcoin ETFs, Reggie Brown — Head of ETF Trading at GST — said he expects spot Bitcoin products, if approved, to trade at a 8% premium to its net asset value. Furthermore, Brown said it would be difficult to keep ETF prices in equilibrium with underlying Bitcoin holdings, given the SEC’s reluctance to permit direct spot Bitcoin trading by broker-dealers.
12:42:51 PM IST, 9 January 2024
Crypto News LIVE: DeFi Poses Mounting Risk To Financial Stability, Warns CFTC
the US commodities watchdog, CFTC, has released a report, outlining the emerging risks associated with digital assets, especially within the decentralized finance (DeFi) space. One of the major concerns, the report states, is the lack of accountability within the DeFi sector, which poses risks to consumers, investors, and financial stability.
12:01:52 PM IST, 9 January 2024
Crypto News LIVE: Institutional Investors Shorting Bitcoin ETF Market Despite Price Rally
Despite Bitcoin’s recent price surge, with the OG cryptocurrency zooming past $47,000 levels on Monday for the first time since April 2022, institutional investors are exercising caution and have begun shorting the ETF market.
11:52:36 AM IST, 9 January 2024
Crypto News LIVE: Solana Memecoin BONK Flips Shiba Inu in Trading Volume
BONK, a memecoin based on the Solana (SOL) network, has overtaken Shiba Inu in its 24-hour trading volume. Bonk saw a meteoric 158% jump in its trading volumes over the last 24 hours to $324.5 million. By comparison, SHIB’s trading volumes declined to $179.2 million during that period.
11:43:30 AM IST, 9 January 2024
Crypto News LIVE: Timeline For Spot Bitcoin ETF Approval Uncertain?
The US SEC’s recent comments on pending Spot Bitcoin ETF Form S-1 applications signal a possible delay in their approval, according to Chamber of Digital Commerce President Perianne Boring.
11:16:56 AM IST, 9 January 2024
Crypto News LIVE: Spot Bitcoin ETF Issuers Make a Beeline To File Amended S-1 Applications
Would-be spot Bitcoin ETF issuers, including the likes of Valkyrie, WisdomTree, BlackRock, and Fidelity, filed amended Forms S-1 with the US securities regulator on Monday, seeking permission to launch their Funds. The SEC has until Jan 10 to decide whether to approve or reject spot Bitcoin products. In anticipation of an approval, VanEck has poured $71.5 million into its proposed Bitcoin ETF.
09:52:48 AM IST, 9 January 2024
Crypto News LIVE: Digital Currency Group Faces Heat As Crypto Veteran Alleges Deception
The announcement by crypto firm Digital Currency Group (DCG) that it had repaid loans worth $1 billion taken from creditors, including $700 million from Genesis, has raised eyebrows, with crypto veteran Vijay Boyapati accusing the DCG of misleading Genesis’ creditors.
09:18:43 AM IST, 9 January 2024
Crypto News LIVE: Thailand’s $14 Billion Digital Handout Plan Gets The Ok
Thailand government has gotten the nod to borrow money for its 500 million baht (roughly $14 billion) “digital wallet” program, which involves distributing 10,000 baht (approx. $300 million) to Thai residents. The digital handout scheme, however, has courted controversy, with critics warning that it would push up inflation.
09:08:06 AM IST, 9 January 2024
Crypto News LIVE: ETF Approval Inevitable
Former SEC chair Jay Clayton told CNBC that that the Bitcoin ETF “approval is inevitable,” adding that the approval could be a huge step not just for Bitcoin but for the financial world.
09:01:15 AM IST, 9 January 2024
Crypto News LIVE: VanEck DTCC Listing
VanEck, another spot Bitcoin ETF filer, has also added its ETF with the ticker $HODL with the DTCC for clearance.
08:16:21 AM IST, 9 January 2024
Crypto News LIVE: WisdomTree Ticker Listed On DTCC
WisdomTree spot Bitcoin ETF, with the ticker $BTCW, is now listed on the Depository Trust & Clearing Corporation, following Invesco Galaxy’s Bitcoin ETF (BTCO) listing with the DTCC.
08:13:13 AM IST, 9 January 2024
Crypto News LIVE: Bitcoin ETF Approval Imminent?
People associated with the filings believe that the United States Securities and Exchange Commission (SEC) issuing additional comments on their form S-1s is not much to worry about, amid high hopes on the approval before January 10, 2024.
This news is republished from another source.
