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Introduction NYSE Arca Inc. has made a groundbreaking move by submitting a proposal to amend its rules, allowing options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This initiative, detailed in the 19b-4 filing with the SEC, signifies a significant advancement in the availability of financial products for crypto investors. The proposal aligns with […]

Market Sentiment Focused on U.S. Federal Reserve's Strategies for 2024 The leading trio of U.S. stock indices — Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 — experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped 0.98% to 4.102%. Concurrently, gold's value decreased by

Market insights reveal that on Jan. 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD's Recent Fluctuations Recently, TUSD experienced fluctuations, slipping below its $1 benchmark

Bitcoin's Potential Growth with the Halving Event Howard Lutnick, the CEO of Cantor Fitzgerald, a renowned financial services company, recently shared his insights on the future of bitcoin and tether during his appearance at the World Economic Forum in Davos. Lutnick drew parallels between the current excitement around spot gold exchange-traded funds (ETFs) and the

Bitcoin Price Prediction by Anthony Scaramucci Skybridge Capital founder Anthony Scaramucci has shared his bullish bitcoin price prediction, suggesting that the cryptocurrency's price could surpass $170,000 in the coming year. Scaramucci based his forecast on two key factors: the upcoming Bitcoin halving and the expected institutional demand for newly listed spot bitcoin exchange-traded funds (ETFs).

Alliance Bernstein Analyst Recommends Buying Bitcoin Dip A senior analyst specializing in digital assets at global asset management firm Alliance Bernstein, Gautam Chhugani, has advised investors to buy the bitcoin dip. In a client note reviewed by Yahoo Finance, Chhugani emphasized the importance of focusing on the new bitcoin adoption cycle and identified the minor

Introduction In the past 100 days, South Korea has witnessed a significant surge in crypto trading activity. The country's leading crypto exchanges, Upbit and Bithumb, reported their highest trading volumes during the first week of January 2024. While South Korea's crypto assets command a noticeable premium, the most popular traded coins in this region differ

Altcoins Rise as Bitcoin Declines In the past week, the crypto market has seen some interesting developments. While the value of Bitcoin dropped by 5.7%, Ethereum experienced a significant uptick of 10.8% against the US dollar. However, it was the altcoins that stole the show, with SUI surging by an impressive 74% in just seven

Hong Kong Strengthens Crypto Regulatory Framework and Embraces ETFs Hong Kong is taking significant steps to strengthen its crypto regulatory framework and embrace the growing popularity of cryptocurrency exchange-traded funds (ETFs). As part of these efforts, the Hong Kong Virtual Asset Consortium (HKVAC) has recently updated its crypto indexes, reflecting a preference for tokens with

The approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has raised concerns about centralization, according to SEC Chair Gary Gensler. In an interview with CNBC, Gensler pointed out the irony of the situation, as bitcoin was originally designed to be a decentralized system. Spot Bitcoin ETFs and Centralization