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The NFT market is rebounding, with over $800 million in transactions last month, driven by blue-chip collections and the launch of the PENGU memecoin. Despite a resurgence, prices remain significantly below previous highs, and regulatory scrutiny continues, highlighted by recent Wells Notices against OpenSea and CyberKongz. The anticipated return of Donald Trump to the presidency is expected to enhance market sentiment and regulatory conditions for blockchain technologies, fostering further growth and adoption in the NFT space.
Binance.US plans to restore USD services by early 2025, responding to user demand after suspending fiat trading in June 2023 due to regulatory challenges from the SEC. Acting CEO Norman Reed highlighted the importance of these services for operational recovery and user experience. Despite ongoing legal scrutiny, the exchange aims to enhance compliance, expand product offerings, and maintain competitive trading fees, positioning itself as a key player in the evolving crypto landscape.
The SEC has approved Bitcoin and Ethereum index ETFs from Franklin Templeton and Hashdex, enhancing institutional access to these cryptocurrencies. Franklin Templeton's ETF will trade on the Cboe BZX Exchange, while Hashdex's will be available on the Nasdaq. This approval follows previous applications and delays, with the SEC emphasizing compliance with investor protection regulations. Speculation arises that other asset managers, like BlackRock, may soon introduce similar products amid significant market volatility, which has seen Bitcoin and Ethereum prices drop sharply.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
The SEC has approved Hashdex's and Franklin Templeton's proposals for combined Bitcoin and Ethereum crypto index ETFs, allowing for future asset additions. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF will feature an 80/20 average weighting of the two cryptocurrencies, with potential launch in January. This approval indicates a shift in regulatory stance towards the crypto sector, paving the way for more ETFs in the future.
XRP is gaining momentum, outperforming Bitcoin and Ethereum amid market turbulence following the Federal Reserve's interest rate cuts. Currently priced at $2.32, XRP's resilience is bolstered by whale support and strategic initiatives, positioning it for a potential rise to $30. Meanwhile, Ethereum's whales are actively trading, but XRP's unique fundamentals may give it a competitive edge as both assets vie to break critical resistance levels.
The SEC has approved Hashdex and Franklin Templeton's Bitcoin and Ether index ETFs, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. Both ETFs will hold spot Bitcoin and Ether, meeting regulatory criteria to protect investors. This approval may encourage other firms, like BlackRock, to launch similar products in the growing crypto market.
The SEC has approved two groundbreaking ETFs: the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, which combine spot Bitcoin and Ethereum for balanced exposure. This approval marks a significant step for crypto investing, reflecting regulators' growing recognition of the market's potential. By linking futures to spot prices and adhering to strict guidelines, these ETFs aim to enhance investor security and accessibility in the evolving digital currency landscape.
The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, enhancing institutional access to these cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF received regulatory clearance, with the latter benefiting from an expedited review.Analysts suggest that upcoming leadership changes in Washington may have influenced these approvals, with a launch expected in January. Meanwhile, predictions indicate that Litecoin ETFs could be next, although demand among institutional investors remains uncertain.
UBS's unit has agreed to pay $3.5 million to settle claims related to preferred stock brought by FINRA. This resolution addresses allegations concerning the handling of preferred stock transactions, marking a significant financial commitment by the firm.
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