The US Securities and Exchange Commission (SEC) has delayed its decision on approving options trading on Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE), according to a Nov. 8 filing. The regulator cited a need for additional time to review the proposal and assess market implications.

Bitcoin ETFs registered record netflows after the U.S. presidential election result.

Tether's Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments' first crude oil transaction in the Middle Eastern region, marking Tether's expanding role in global commodities trading.

The second-largest crypto asset is attempting to regain a key price point after months of struggle.

Base is an example of successful L2 scaling, though still lagging behind Solana's traffic capabilities. Despite this, Base is among the leaders in L2 scaling.

Tether has completed its first USDT-based crude oil transaction in the Middle East, financing a $45 million deal involving 670,000 barrels, as part of its strategy to expand into commodities trading and modernize global trade flows. The post Tether Completes First USDT-Based Crude Oil Transaction in Middle East appeared first on Cryptonews.

Ethereum experiences a 7% daily surge following Bitcoin's new all-time high MVRV ratio reaches 10.21%, historically indicating potential correction zone Whale addresses show modest increase from 5,524 to 5,534 since October 30

The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.

The Ethereum Foundation released its financial report on Friday, disclosing a treasury worth $970.2 million as of October 31, 2024. The figure is down by 39% from $1.6 billion which was reported in March 2022.

Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH's potential in the current cycle, expecting it to lag behind.

Ether's price metrics have replicated 3 key bullish actions which resulted in a 120% rally in Q1 2024. Will it happen again?

A widely followed crypto trader says that one catalyst could cause Ethereum (ETH) to spark a rally that sees it rise by nearly 70%. In a new video update, Guy Turner, the host of CoinBureau, tells his 2.

They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.

Cryptocurrency markets are trading mostly sideways to close out the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,596.76 -0.1% Ethereum (CRYPTO: ETH) $2,941.75 +1.8% Solana (CRYPTO: SOL) $198.79 +0.9% Dogecoin (CRYPTO: DOGE) $0.1959 +1.8% Shiba Inu (CRYPTO: SHIB) $0.00001878 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%.

A dormant Ethereum whale has made a significant return to the crypto market following the boost ignite by Donald Trump's victory in the U.S. election. This whale, who had been inactive for over eight years, capitalized on the recent Ethereum price surge, making an impressive $30 million in just 24 hours.

Tether leveraged its USDT stablecoin to fund a $45 million crude oil transaction in the Middle East through its trade finance division, marking the first such deal in the region.

In the last two days, Ethereum's open interest has increased by more than $3 billion.

Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback. Matthew Sigel, VanEck's Head of Digital Assets Research, recently indicated that Ethereum is oversold.

After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here's why traders are closely watching the ETH/BTC pair.

Tether recently assisted the Ontario Provincial Police in recovering $10,000 CAD worth of stolen cryptocurrency. This recovery was achieved through Tether's collaboration with the OPP's Cyber Investigations Team, showcasing the company's commitment to supporting law enforcement in combating cybercrime.

The SEC's delay highlights regulatory caution, potentially slowing innovation and market expansion for Ethereum-based financial products. The post SEC delays decision on NYSE options for spot Ethereum ETFs appeared first on Crypto Briefing.

The total liquidations over the past 24 hours exceed $260 million.

The US Securities and Exchange Commission (SEC) has again delayed its decision on the New York Stock Exchange's (NYSC) proposed rule change to offer options trading. This move comes despite the fact that the US SEC has already approved options trading for the Bitcoin ETFs.

Crypto analysts are seeing signals that Ethereum (CRYPTO: ETH) may soon rally against Bitcoin (CRYPTO: BTC), potentially reversing recent underperformance. What Happened: According to Lookonchain, a major Ethereum whale with holdings of 398,891 ETH ($1.14 billion) recently sold 29,897 ETH at $2,839 for a profit of $84.7 million (810x return), signaling confidence among some high-stake investors in ETH's future trajectory.

Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.

Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia's 10th Congressional District, holds Ethereum. Collins disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to the platform Quiver Quantitative.

Tether has entered the oil trading market with a $45 million deal financing 670,000 barrels of Middle Eastern crude oil, marking its expansion from cryptocurrency into traditional commodity trading.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin's issuer's bigger plan to expand its business in the world of commodity trading.

The crypto witnessed an accelerated bullish momentum following Donald Trump's victory in in the 2024 presidential election. Bitcoin, the pioneer digital asset reached a new all time high, fueling a recovery in the altcoin market.

As DeFi loans surge, BTC and ETH remain exposed.

TL;DR Tether has completed its first USDT crude oil transaction in the Middle East, financing 670,000 barrels of oil worth $45 million. The operation strengthens the company's role in global trade financing. Its Tether Trade Finance division offers modern and accessible solutions.

Tether's investment division completes its first Middle Eastern crude oil transaction.

The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem.

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The giant of digital assets finances a historic operation of 670,000 barrels worth 45 million dollars

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026. What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on anticipated regulatory shifts following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital assets.

Ethereum Foundation disclosed a $970.2M treasury, holding 99% in ETH, representing 0.26% of the token's supply. With a focus on long-term sustainability, it funds ecosystem advancements, manages financial stability, and supports critical Ethereum developments, including the Mekong testnet launch. The post Ethereum Foundation Discloses $970M Treasury in 2024 Report, Spotlights Ecosystem Progress appeared first on Cryptonews.

Completed in October 2024, the deal facilitated the transport of 670,000 barrels of crude oil and marked Tether's entry into the commodity trading market.

This 20% rise has sparked optimism among investors, but there remains some uncertainty over whether the uptrend will continue without a reversal.

Tether's investment division successfully funded its first crude oil transaction in the Middle East. The transaction, involving a leading publicly traded oil super-major and a top-tier commodity trader, facilitated the transport of 670,000 barrels of Middle Eastern crude oil, valued at approximately $45 million.

The deal is structured as a “short-term product prepayment,” with the stablecoin issuer set to receive both the principal amount and interest.

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Key Points:

The Ethereum Foundation has released a report detailing its $970.2 million treasury, primarily held in ether. The report outlines the foundation's strategy of selling ETH during bull markets to fund ecosystem projects during bear markets.

The report also highlights the foundation's conflict of interest policy, which bars team members from accepting outside jobs that pay in hard-to-value assets.

Tether Investments, a trading and investing arm of stablecoin ecosystem Tether, just finalized its first-ever crude oil purchasing transaction. The company demonstrates more ambition in the commodities and real-world asset (RWA) trading spheres.