Analysts James Seyffart and Eric Balchunas assessed the likelihood of the SEC approving various ETF products. They claimed that a Litecoin ETF is most likely but gave a few unexpected predictions.
Bloomberg ETF analysts say Litecoin regulatory filings have been acknowledged and the SEC likely views it as a commodity.
Ripple expands in Europe, bringing instant, low-cost blockchain payments to Portugal and revolutionizing transfers on the Portugal-Brazil corridor. Ripple's European Footprint Grows—First Ever Launch of Its Payments Solution in Portugal Ripple announced a partnership with Unicâmbio, a Portuguese currency exchange provider, on Feb.
Bitcoin is now experiencing a break from last week's steady decline, which saw the asset drop as low as $94,000. As of today, BTC's price has steadily climbed, hovering above $97,000 at the time of writing—a 1.3% gain in the past day.
Anthony Scaramucci, the founder of Skybridge Capital, recently expressed his bullish stance on Bitcoin, predicting that 2025 will be an exceptionally favorable year for the leading cryptocurrency. Appearing on CNBC, Scaramucci highlighted that Bitcoin's price is nearing the $100,000 mark, signaling an optimistic outlook for the asset in the near future.
Top ETF analysts envision an uncertain future for the XRP ETF prospects due to the asset's troubled history under the previous SEC leadership.
Core DAO and Element Wallet are collaborating to expand Bitcoin's utility for holders, offering new avenues for interaction beyond simple storage. This partnership emphasizes user privacy while aiming to maximize the security of decentralized finance (DeFi) mechanisms like Bitcoin staking.
Bitcoin's Funding Rates have hit zero, a level that has historically signaled major rallies. Can BTC maintain support above $90K?
North Carolina joins the trend of states considering investments into digital assets, only this bill is focused on Bitcoin ETFs.
Legislative proposals in Florida and North Carolina look to incorporate Bitcoin into state financial strategies. These bills outline investment limits and regulatory guidelines, positioning the states among a growing list considering Bitcoin reserves as part of their fiscal policies. The post North Carolina and Florida Push for Bitcoin Reserves appeared first on Cryptonews.
Uncertainty has dominated Bitcoin and the broader crypto market over the past few weeks, leaving investors anxious about the short-term direction. Bitcoin has struggled to reclaim the psychologically significant $100K mark while also managing to hold above key demand levels near $96K.
A solo Bitcoin miner defied the odds, successfully mining an entire Bitcoin block and securing a $300K reward. This rare occurrence highlights the challenges of bitcoin mining as large pools dominate the network, reducing the chances for independent miners to achieve similar success. The post Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K appeared first on Cryptonews.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have compiled a list of crypto ETF applications that they believe will have shot at being approved by the U.S. Securities and Exchanges Commission (SEC) this year, and assigned a probability of approval to each filing.
The cryptocurrency market continues to evolve, XRP stands on the brink of significant developments. With Bitcoin and Ethereum leading the charge in the realm of spot exchange-traded funds (ETFs), rumors are intensifying that XRP may soon follow suit.
In recent months, Solana has recorded revenues higher than Ethereum and its Layer 2 solutions, despite the overall market decline.
Ripple (XRP) price price punched above the $2.40 mark on Monday February 10, buoyed by renewed market sentiment after a week of volatility from the US-China trade war. On-chain data shows an unusual increase in new XRP wallets created since the US Securities Exchange Commission (SEC) dropped all charges against Ripple in mid-January.
XRP spot ETFs just got hit with bad odds. Bloomberg ETF analysts James Seyffart and Eric Balchunas analyzed the current filings for crypto spot ETFs today and gave XRP a 65% chance of getting approved by the SEC, which is the lowest among the bunch.
Kiyosaki predicts a major market crash in 2025, calling it the “Greatest Depression.” He recommends investing in gold, silver, Bitcoin, and real estate to protect wealth.
North Carolina lawmakers have introduced a bill allowing the state treasurer to invest up to 10% in Bitcoin (BTC) and other qualifying digital assets.
Bitcoin (BTC) balances on OTC desks are getting depleted, sinking to an all-time low. Demand for BTC is slowing, but still at a higher baseline, as whales keep accumulating.
Bitcoin has endured a volatile and bearish week, marked by extreme price swings and uncertainty. Last Monday, the cryptocurrency experienced a sharp drop of over 9% in less than 24 hours, only to recover 11% a few hours later, showcasing the unpredictability of the market.
Solana has a track record of defying expectations - will this be another one?
A bill was introduced in the North Carolina House of Representatives on Monday to allow the state treasurer to invest in qualified digital assets to create a reserve fund. Although the bill does not mention Bitcoin, it is the only cryptocurrency that would qualify under the provisions of the bill.
Bloomberg analysts James Seyffart and Eric Balchunas have revealed their predictions for the Solana, XRP, Dogecoin, and Litecoin ETFs. As part of their predictions, they outlined the approval odds for each of these crypto ETFs.
Ethereum-related funds outpaced Bitcoin for the first time this year after investors last week saw a buying opportunity for the coin.
The potential approval of a Litecoin ETF could accelerate mainstream adoption of crypto assets, influencing regulatory frameworks globally. The post DOGE, SOL, XRP ETFs lag behind LTC in approval odds: Bloomberg analysts appeared first on Crypto Briefing.
Bitcoin's (BTC) market behavior continues to evolve, with recent trends suggesting it is being treated more as a risk-on asset than a traditional store of value, according to a new report from Bitfinex.
An analyst has pointed out how the Bitcoin Tom Demark (TD) Sequential has just given a signal that could be bullish for the asset's price. Bitcoin TD Sequential Is Flashing A Buy Signal Right Now In a new post on X, analyst Ali Martinez has discussed about the TD Sequential signal that has just formed for Bitcoin on its daily chart.
Renowned author and investor Robert Kiyosaki has warned of a possible financial market crash this year. He restated this position after publishing the scenario in 2014, citing several economic woes.
Not too long ago, transaction fees on the Bitcoin blockchain stood notably higher than they do now. A low-fee window is prime for consolidating or moving UTXOs (unspent transaction outputs) to optimize costs and ready yourself for times when fees increase.
The co-founder of Solana Labs Anatoly Yakovenko claimed Kamino produced more value than Aave, despite the lower value locked in its lending vaults.
Barstool Sports founder Dave Portnoy bought into a Solana meme coin depicting him behind bars—then sold, and then bought back in again.
The chief executive of stablecoin issuer Tether (USDT) says that quantum computing will allow hackers to steal Bitcoin (BTC) from lost wallets.
Bill Barhydt, the CEO of crypto investment firm Abra Global, recently took to the X social media platform (aka Twitter) to stir the BTC community with a bold Bitcoin price prediction.
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Donald Trump critic and SkyBridge Capital founder Anthony Scaramucci says Solana (SOL) is his preferred layer-1 over Ethereum (ETH). In a new interview with CNBC, Scaramucci says that while SkyBridge does own some ETH, his investment thesis focuses on SOL being more successful in the long run. “We own [ETH] in small sizes.
So far, 27 States have joined the race to establish state-level Bitcoin and crypto reserves by introducing Bitcoin reserve bills. According to Bitcoin on-chain data aggregator Bitbo, the states proposed to invest up to 10% of their state funds in Bitcoin and crypto reserves.
The analysts estimate that Litecoin ETFs filed by Canary and Grayscale have the highest chance of approval.
The U.S. Securities and Exchange Commission could acknowledge the spot exchange-traded fund filing for XRP and Dogecoin as soon as this week. SEC's latest major move was the acknowledgement of the amended Solana (SOL) ETF application by Grayscale.
Cryptocurrency markets are trading slightly up on Monday, with speculation surrounding the odds for the approval of altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,303.56 +1.1% Ethereum (CRYPTO: ETH) $2,672.76 +1.4% Solana (CRYPTO: SOL) $202.19 +0.99% XRP (CRYPTO: XRP) $2.43 +0.9% Dogecoin (CRYPTO: DOGE) $0.2538 +1% Shiba Inu (CRYPTO: SHIB) $0.00001584 +0.99% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 0.8% and daily active addresses down by 2.5%.
A bold new investment thesis from Multicoin Capital, a crypto-focused venture firm, suggests that Solana has the potential to outperform some of the most dominant names in traditional finance, including the New York Stock Exchange (NYSE), NASDAQ, and the Chicago Mercantile Exchange (CME).
On today's episode of CNBC Crypto World, bitcoin and ether trade mostly unchanged as investors weigh more threats of tariffs from President Trump. Plus, Strategy buys millions more bitcoin as the company's holdings grow to $46 billion dollars in today's prices.
Strategy acquired an additional 7,633 BTC and elevated its unrealized profit to over $17 billion on Feb. 9. Meanwhile, Metaplanet reported that 85% of its 2024 net income was attributed to Bitcoin (BTC) holdings, with nearly $36 million in unrealized profits.
North Carolina has taken a major step toward integrating Bitcoin into state financial strategies. House Speaker Destin Hall has introduced HB 92, a bill that proposes allowing the state to allocate funds into Bitcoin-related investments.
An Alabama hacker, Eric Council Jr., has pleaded guilty to hacking the US Securities and Exchange Commission's X account and making a fake post about the launch of spot Bitcoin ETFs on Jan. 9, 2024. The 25-year-old appeared in Washington federal court on Monday, admitting to identity theft and access device fraud.
Bitcoin and Ethereum ETFs see mixed inflows as market volatility rises amid global economic tensions.
North Carolina has become the latest U.S. state to introduce its own strategic Bitcoin reserve bill.
It appears the days when President Donald Trump's pronouncements on trade policy could send shockwaves through the Bitcoin market are waning. While past tariff threats elicited immediate and often dramatic price swings, Bitcoin's recent reaction to similar announcements suggests a growing resilience to Trump's trade rhetoric.