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JPMorgan's Analysis on Bitcoin JPMorgan, a global investment bank, has stated that the downward pressure on Bitcoin caused by profit-taking from Grayscale's bitcoin trust (GBTC) has mostly occurred. The bank's analyst explains that this indicates that the negative impact on Bitcoin from this source is likely to be diminishing. JPMorgan's Bitcoin Price Forecast JPMorgan once […]

Introduction The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on spot ethereum exchange-traded funds (ETFs) proposed by Blackrock and Grayscale Investments. This comes after the recent approval of 11 spot bitcoin ETFs, making investors eager to see if the SEC will approve spot Ethereum ETF proposals. SEC Delays Blackrock's

Introduction Bitcoin, the leading cryptocurrency, has been experiencing a complex market behavior on Jan. 24, 2024. The price of Bitcoin has been fluctuating between $39,878 and $40,069 in the past hour, with a broader 24-hour range of $38,505 to $40,515. These fluctuations indicate notable volatility in the market. Bitcoin's Market Capitalization and Trade Volume Bitcoin

Introduction Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of November 11, 2022, numerous objections have been raised by customers. The objections highlight concerns over the depletion of creditor funds and dissatisfaction with the compensation in fiat currency. FTX Customers Express Dissatisfaction FTX customers

An independent examiner has been authorized to conduct an investigation into the FTX bankruptcy case, following a recent ruling by the Third Circuit Court of Appeals in Philadelphia. This decision overturns the previous denial of a third-party examination and emphasizes the importance of oversight and transparency in the operations of cryptocurrency exchanges. Court Mandates External

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New York Stock Exchange Submits Proposal for Options Trading on Bitcoin ETFs 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 bold initiative, detailed in the 19b-4 filing with the SEC, represents a significant advancement in

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Kevin O'Leary's Stance on Spot Bitcoin ETFs Kevin O'Leary, also known as Mr. Wonderful from Shark Tank, recently shared his thoughts on spot bitcoin exchange-traded funds (ETFs) in an interview with Fox Business. He stated that he would never invest in a spot bitcoin ETF as he believes in holding bitcoin for the long term

The Significant Bitcoin Transfer Recent blockchain analytics have unveiled that Grayscale's Bitcoin Trust (GBTC) has transferred 4,000 bitcoins, valued at approximately $175 million, to Coinbase. These transfers were made in four separate batches of 1,000 bitcoins each. The Buzz in the Financial World The financial world is currently buzzing with excitement, especially after the successful