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SEC will ‘apply precedent’ when making decision on spot ether ETFs: Peirce
SEC will ‘apply precedent’ when making decision on spot ether ETFs: Peirce

SEC Commissioner Hester Peirce noted that the agency doesn’t plan to face another court case to approve such products

Blockworks·2024/01/24 00:34
Polymer Labs secures $23M to bring IBC to Ethereum
Polymer Labs secures $23M to bring IBC to Ethereum

Polymer Labs is hoping to bring the Cosmos to Ethereum with its latest interoperability protocol

Blockworks·2024/01/24 00:28
DeFi is Bitcoin’s missing ingredient
DeFi is Bitcoin’s missing ingredient

Crypto needs to attract more users, but a sizeable target already lurks in plain sight

Blockworks·2024/01/24 00:13
SEC Reveals Multi-Factor Authentication Disabled Before False ETF Approval Post
SEC Reveals Multi-Factor Authentication Disabled Before False ETF Approval Post

Unauthorized party gained access of the SEC cell phone number associated with the X account via a “SIM Swap” attack.

Cryptopotato·2024/01/23 21:43
Franklin Templeton expects its spot bitcoin ETF to gain traction as financial advisors become more familiar with product
Franklin Templeton expects its spot bitcoin ETF to gain traction as financial advisors become more familiar with product

Franklin Templeton’s spot bitcoin ETF accounted for $101 million of the more than $14 billion in total trading volume as of Monday.The firm’s head of digital assets believes “it’s just a matter of time” before financial advisors, which work with Franklin Templeton, will become more comfortable recommending spot bitcoin ETFs to their clients.

The Block·2024/01/23 21:19
Why most Grayscale investors may remain in profit if GBTC falls further 20% to $27
Why most Grayscale investors may remain in profit if GBTC falls further 20% to $27

Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.

Crypto Slate·2024/01/23 20:02
Ethereum Investors Eye Renewed Surge Amid Cooling-Off Phase: Data
Ethereum Investors Eye Renewed Surge Amid Cooling-Off Phase: Data

The decrease in Ethereum’s funding rates suggests a potential resurgence in its upward movement.

Cryptopotato·2024/01/23 18:13
AI-powered chatbot can explain crypto, update users about spot bitcoin ETFs and swaps
AI-powered chatbot can explain crypto, update users about spot bitcoin ETFs and swaps

Quick Take Pontem’s AI-powered chatbot will seek to give crypto enthusiasts more up-to-date information on subjects like bitcoin ETFs and how to swap, stake, bridge, buy NFTs or use yield farming.

The Block·2024/01/23 17:19
Flash
02:04
Biogen will acquire biotechnology company RayThera for $1 billion, targeting growth in the immunology sector.
Golden Ten Data, June 18 — Biogen announced it has reached an agreement to acquire private biotechnology company RayThera for up to $1 billion, as the pharmaceutical company seeks to expand its immunology research and development pipeline. According to the statement, the deal will include an upfront payment to RayThera shareholders as well as additional milestone payments tied to clinical and regulatory progress. RayThera, headquartered in San Diego, has multiple anti-inflammatory drug candidates, with its lead project expected to enter phase I clinical trials in early Q3 2026. This deal comes amid a wave of biotechnology mergers and acquisitions, as major pharmaceutical giants invest heavily this year to expand their product pipelines.
02:04
SMBC Nikko Securities: If the Federal Reserve raises interest rates, it may increase the tightening pressure on the Bank of Japan
(1) SMBC Nikko Securities strategist Ataru Okumura stated that if inflation prompts the Federal Reserve to raise interest rates, it could increase tightening pressure on the Bank of Japan. (2) Since the significant interest rate gap with the United States has long been a core driver of yen weakness, any new round of global tightening could expose the Bank of Japan's risk of being relatively slow to raise rates. (3) Although concerns about Japanese government intervention may prevent the USD/JPY from significantly exceeding 160, investors are skeptical about the sustainability of intervention measures, so the Bank of Japan may be forced to raise rates at a slightly faster pace.
02:04
Spot gold intraday trading advice: oscillating upward, buy the dips
(1) Analysis: The Federal Reserve has kept interest rates unchanged but signaled a possible rate hike later this year. The rebound in the US Dollar Index and US Treasury yields is putting pressure on gold. Meanwhile, the easing of tensions in the Middle East has reduced safe-haven demand, causing market expectations for a December rate hike to heat up significantly. However, after a consecutive decline, gold is now approaching an important support area. In the short term, attention should be paid to whether low-level buying can trigger a technical rebound. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, US initial jobless claims data (3) Resistance: 4350, 4380, 4400 (4) Support: 4300, 4260, 4200;
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