Market Analysis Jun 12th 2023: Crypto market hit by SEC ... - cyptoranking.com

2024-05-08

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London's Digital Fashion Week Showcased the Industry's Bold Future He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans Market Analysis Jun 12th 2023: Crypto market hit by SEC ...Bitcoin (BTC), the king of crypto, uses PoW. Unfortunately, this does not count in the crypto’s favor anymore, as this consensus mechanism consumes power resources at a staggering rate at a time when the world is trying to be greener and energy efficient. CyberDefender is a project launched in May by the Cyber Security and Technology Crime Bureau. Its aim is to increase awareness of online security risks as the nation strives to become a regional crypto and fintech hub.

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Bitcoin Price Analysis:Bearish Failure at 27724 Again – 11 October 2023 “We plan to bring more on-chain dependent on client demand — we have seen significant interest as our tokenization solution allows our clients to access these products without needing to interact with [traditional finance] directly themselves. If there is demand, we are happy to tokenize any security that is requested,” Levi said.Fairblock raises $2.5M for fully private blockchain transactions How to Buy Dogecoin on Binance, Kraken, Other Cryptocurrency ExchangesETH/BTC fell to 0.05675 late Monday, reaching the lowest since July 2022, according to charting platform TradingView. The ratio has declined by nearly 30% since Ethereum implemented Merge in mid-September last year. Altcoins are more advanced. Since it came out after Bitcoin, they’ve improved on its technology. Many other cryptocurrencies are considerably superior to Bitcoin in terms of transaction costs and speeds.

Source: PexelsPopular investment management firm VanEck has announced its plans to roll out its Ethereum futures exchange-traded fund (ETF).As per the official press release issued earlier today, the fund, called the VanEck Ethereum Strategy ETF (EFUT), will primarily invest in standardized, cash-settled ETH futures contracts. These contracts are traded on commodity exchanges licensed with the Commodity Futures Trading Commission (CFTC).The fund will focus on ETH futures traded specifically on the Chicago Mercantile Exchange (CME).Upon its launch, the ETF will be listed on the Chicago Board Options Exchange (CBOE) and become part of the investment manager's other futures ETF product, the VanEck Bitcoin Strategy ETF (XBTF). Like XBTF, EFUT operates under a C-Corp structure, which can potentially enhance tax efficiency for long-term investors. C-corps are legal structures for corporations in which the owners are taxed separately from the entity.The two ETFs will provide investors with futures-focused exposure to key digital assets. Spot ETH ETF Uncertainty May Heat Race for Futures ETH ETFOver the past few weeks, investment management companies have sought regulatory approval from the Securities Commission Exchange (SEC) agency for spot ETH ETFs. In June, Volatility Shares led the charge and was followed by other asset managers, including Bitwise, Grayscale, VanEck, Proshares, and Roundhill. This slew of fillings with the SEC entailed plans to launch a version of strategy centered on the world's second-largest crypto asset, ETH. However, like spot bitcoin ETF, the SEC has yet to approve applications, citing concern over market manipulation and investors' vulnerability. In light of this uncertainty surrounding spot ETH ETFs, it appears that futures ETH ETFs have a higher likelihood of receiving approval from the SEC.Futures ETFs would directly invest in futures contracts traded on the Chicago Mercantile Exchange (CME) rather than in the underlying smart contract asset. The regulatory body views futures ETFs as a commodity that can be monitored by the CME, giving investors protection against price manipulation. However, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate.Supporting this speculation, Bloomberg's Intelligence analyst, James Seyffart, indicated an increased probability of the SEC approving ETH futures ETF applications. Seyffart said, "Looking like the SEC is gonna let a bunch of #Ethereum futures ETFs go next week potentially."According to the analyst, there's been a spate of acknowledged ether futures ETFs filings from the SEC, which is way ahead of normalcy. This heightened activity may be attributed to an impending shutdown scheduled for 12:01 a.m. ET on October 1 if Congress fails to reach an agreement or establish a funding strategy for the new fiscal year. Such a development would impact the SEC, other financial regulators, and federal agencies. Nevertheless, greater clarity is expected in the coming days.Valkyrie Investments Receives SEC Approval for First Ethereum Futures ETF The Block: So, in that sense, do you think that there is more progress to be made on the crypto exchange side of things in terms of these information sharing mechanisms? Do they even have this capability right now to function like traditional finance, or does that still need to be built out? Decentralized financeWhen users interact with Morpho-Aave or Morpho-Compound, they access the same pool of funds available for borrowing or withdrawal as they would when using Aave or Compound directly. Key parameters such as collateral factors, oracles, and close factors are preserved. However, the critical distinction lies in the fact that Morpho offers improved rates for both borrowers and lenders. Morpho users can expect to receive two distinct interest rates. In the worst-case scenario, they receive the Annual Percentage Yield (APY) of the underlying pool. In order to discuss the incentives that miners face, we need to understand the core business models that miners deploy and the directional unit economics across the standard set of inputs. In the simplest terms, miners aim to produce bitcoin at the lowest possible cost. There are various methods of mining in existence today, each with its own costs, structures, and risks. For the purpose of this post, let’s present a basic overview of the inputs miners must consider and the subsequent capital expenditures involved:

Old money is coming, and global finance is moving on-chain. Although the broader crypto market experienced some uplift, NFT sales didn’t mirror this positive trend. Week after week for the past seven weeks, NFT sales volumes have been plunging. Crypto & Digital Currencies-Mastercard Data & ServicesHow Axie Infinity (AXS) Has Changed the GameFi Landscape The analyst cites patterns from 2019, a pre-halving year, where ETH’s value relative to BTC fell significantly. That year alone, the ETH / BTC valuation declined by about 49%.

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