Opinion by: Margaret Rosenfeld, chief legal officer of Everstake For years, the approval of crypto exchange-traded funds (ETFs) has been one of the most contested battles in financial regulation. The first applications for a Bitcoin (BTC) ETF date back more than a decade. Only in early 2024, after repeated denials and a court battle that…
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Nasdaq, the world’s second-largest stock exchange by market capitalization, is seeking regulatory approval from the US securities regulator to list tokenized stocks. Nasdaq filed a request Monday with the US Securities and Exchange Commission (SEC) asking for a rule change that would allow the company to list tokenized stocks. The exchange operator specifically asked to…
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Michael Saylor’s Strategy, the world’s largest holder of Bitcoin, continued stacking the cryptocurrency as the BTC price edged up slightly last week. Strategy acquired 1,955 Bitcoin (BTC) for $217.4 million between Sept. 2 and 7, according to a Tuesday US Securities and Exchange Commission filing. The purchase was made at an average price of $111,196…
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Key takeaways: Long-term Bitcoin holders sold 241,000 BTC over the past 30 days. BTC price bear flag targets $95,500. Bitcoin (BTC) long-term holders have sold more than 241,000 BTC over the past month. Continued selling could send the price toward $95,000 or lower, according to analysts. Bitcoin long-term holders sell $26 billion worth of BTC…
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HSBC and the world’s largest bank by total assets, the Industrial and Commercial Bank of China (ICBC), reportedly plan to apply for stablecoin licenses in Hong Kong as the region’s new regulatory regime takes effect. According to a Monday report in the Hong Kong Economic Journal, both HSBC and ICBC signaled their intention to apply…
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Bitcoin (BTC) starts the second week of September facing crucial resistance as traders maintain downside targets. Bitcoin price action coils below $112,000 over the weekend, but fears of a 10% correction or worse are mounting. CPI week is here again, and markets are wondering how large next week’s Federal Reserve interest-rate cut will be. Data…
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Backpack EU, the owner of FTX EU — the former European arm of the defunct exchange FTX — is launching operations after settling with the Cyprus Securities and Exchange Commission (CySEC). Backpack EU, registered with the CySEC as Trek Labs Europe, announced on Monday the launch of its perpetual futures platform in Europe, the company…
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German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold. Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,”…
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Japanese investment company Metaplanet and crypto-friendly country El Salvador bought more Bitcoin on Monday as the Bitcoin Fear & Greed Index returned to “neutral” after several days in “fear.” Metaplanet said in a fresh disclosure on Monday that it had purchased an additional 136 Bitcoin (BTC), increasing its total stash to 20,136, worth over $2.2…
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A Bitcoin Ordinals developer has threatened to fund the development of an open-source fork of Bitcoin Core if developers attempt to censor Ordinals, Runes and other non-financial transactions on the network. The open letter on X from Leonidas, host of The Ordinal Show, on Saturday comes amid a war between members of the Bitcoin community…
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