BlackRock has filed an application for a Bitcoin spot exchange-traded fund (ETF). It would be the first crypto spot ETF in the United States if it receives approval. Read more on this and other headlines from this week in the Hodler's Digest.
“U.S. capital markets must be protected from a tyrannical Chairman, including the current one. It’s time for real reform and to fire Gary Gensler as Chair of the SEC.”“The addressable market for digitizing the world’s assets and transferring value safely across the internet is greater than the sum of all the value of all existing assets.”“The banking system is failing. The legacy financial system is failing. […] Nothing works. Only Bitcoin works.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $26,000 on June 16 after bouncing over $1,000 from the previous day’s lows when it fell below $25,000 for the first time in three months. The 4% plunge came as the Federal Reserve pressed a pause on interest rates but suggesting more hikes would come later this year.
On short timeframes for BTC/USD, traders are remaining cautious amid the risk of further downside to come. “Still in the area of interest, but need to sustain above $24.5K to avoid a cascade to $23k,” wrote Michaël van de Poppe, founder and CEO of trading firm Eight.The Tether stablecoin slightlydue to an imbalance in Curve’s 3pool. The price of USDT fell by 0.3% to around 0.997 as its weightage in the Curve 3pool increased to over 70% from the usual 33.1%.
, shocking some community members and prompting a slew of inquiries from others. According to a board member, the compensation corresponds to the “responsibility and liability of the role.”The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder, Aaron Kaplan, before a U.S. House Committee discussing crypto regulatory clarity.
— a view also shared by the SEC. He argued that multiple frameworks provided by the SEC have “clearly laid out” a “compliant path forward for crypto,” adding that those arguing for new crypto-specific laws are “simply not willing to comply.”
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