Auto Added by WPeMatico

Important Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

TL;DR Bitcoin’s price has been on a downtrend lately, but indicators like negative exchange netflow and a declining MVRV ratio suggest a potential bullish reversal. The SEC reduced its penalty…

Continue ReadingImportant Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working…

Continue ReadingSEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,”…

Continue ReadingBloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

Ripple (XRP) v. SEC Lawsuit Update June 14th: Company Lawyer Says $10 Million Fine is Appropriate

TL;DR Ripple contends that the SEC’s proposed $2 billion penalty is excessive, suggesting a fine of no more than $10 million. The company’s CEO anticipates a resolution by summer 2024,…

Continue ReadingRipple (XRP) v. SEC Lawsuit Update June 14th: Company Lawyer Says $10 Million Fine is Appropriate