The SEC chairman's statement created a myriad of speculations in the cryptocurrency industry, especially among those eagerly waiting for the official rollout of the products that would be offered by Wall Street giants, including BlackRock.
By far, this is the highest rate Bitcoin's dominance has reached over the past two and a half years or since the bull market in April 2021 where it hovered within the 50%–60% range.
The spoof Blockworks website shows a fake breaking news report of a multimillion-dollar approvals exploit on Uniswap, a decentralized crypto exchange platform, and entices users to a fake Etherscan website to bypass approvals.
Contrary to many speculations, Deaton believes that the legal battle between Ripple Labs and the SEC could be protracted and may last a year.
The Wall Street Journal published a report that claimed Hamas raised millions in crypto to fund its attacks on Israel. U.S. lawmakers, including Sen. Elizabeth Warren, used the article to demand answers from the Biden administration on the use of crypto assets by terrorist organizations.
Long-term holders are not impacted by the recent rally of Bitcoin since nearly 30% of their supply is being held at a loss, which according to the report, is high, historically.
If the government had sold the same number of Bitcoin at an average price of $35,000, it could have raked in $345,135,000, which meant it missed around $129,135,000 worth of gain.
Binance CEO Changpeng Zhao said, "Technical issue with a middleware service impacting withdrawals," while assuring the community that funds were safe.
BlackRock, whose spot Bitcoin ETF filing is at the center of speculations, maintained that the application in question is still within the SEC's "filing restriction period."
The substantial transfers worth over $10 million include 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ( $2.26 million) and 12,000 AAVE ($1.03 million).
Legitimate charities offer transparent details of their organization, as well as the usage of the funds donated.
Based on the analysis, BTC will continue to surge and could hit the $39,000 price level anytime soon.
Like other Wall Street giants, Ark Invest, along with 21Shares, had filed a spot Bitcoin ETF filing, and recently amended its prospectus following communication from the U.S. regulator.
Ripple Labs' landmark victory against the U.S. financial regulator, followed by the dismissal of the charges against its top executives, seemingly suggests that the long legal battle of the blockchain firm against the SEC is finally over.
This decision basically solidifies the court's earlier ruling on Aug. 29, which noted that the SEC was "arbitrary and capricious" in its decision to reject Grayscale's bid to convert its $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF.
Titled "Don't Trust...Verify," the documentary shows the journey of Bitfinex CTO and Tether CEO Paolo Ardoino to El Salvador, where he collaborated with community leaders, government officials and BTC evangelists who work tirelessly on the adoption of Bitcoin in the country.
Bitcoin rallied to $31,000 at the start of the week, but it seemed like the king of crypto was poised to surge to a much higher price level as it climbed to the $35,000 threshold later in the day until early Tuesday.
Early Monday morning, BTC was trading at $30,936.86 painting a huge gain of around 3% over the past 24 hours and a double-digit spike of over 10% in the past seven days.
The project used USDC-based rewards after it officially launched, which it said was a "transitional phase" that was now coming to an end.
The lead developer teased about the proverbial "quiet before the storm," seemingly hinting at the possibility of announcing and eventually launching new initiatives while explaining their vision for LEASH.
Apollo was interested in investing in FTX, but it wanted to know how a popular crypto derivatives exchange had a $7 billion shortfall.
Bitcoin's resurgence over the weekend, which continued at the start of the week, allowed MicroStrategy to nullify all of the losses it had incurred when BTC traded at $30,687.28.
The top developer announced his resignation from the Lightning Network's development and its various implementations, and his departure has been a hot topic on social media.
According to the ETF analyst, the updated spot Bitcoin ETF prospectus also confirms that issuers are engaging in discussions with the financial regulator, signifying a positive indication of progress in the filings.
The successful conversion of GBTC into a Bitcoin ETF hinges on NYSE Arca's 19b-4 application approval and the SEC declaring Form S-3 effective.
The increasing confidence in the possibility of the SEC approving spot Bitcoin ETFs was further fueled by Cathie Wood, who emphasized the shift in the SEC's attitude towards BTC ETF filings this week.
Blockchain analysis firm Elliptic said Buy Cash used several wallet addresses, which cumulatively received crypto assets, amounting to over $30 million since 2015.
Contrary to the rumors that were circulating online a few months ago, Tesla suggested that it did not buy or sell any of its crypto assets over the three-month period ending in September. However, it did not explicitly state its actual Bitcoin holdings.
Paul Grewal also expressed his concern that establishing crypto tax reporting rules could put digital assets at a disadvantage, especially since the industry is just getting started.
For the investor and financial education advocate, inflation erodes the purchasing power of the dollar savings of the poor and the middle class who depend solely on it.
