Bitwise registers Solana ETF in US state Delaware
Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF.
Digital asset management firm Bitwise has registered a statutory trust for a proposed spot Solana exchange-traded fund (ETF) in Delaware — indicating that it may soon file for an S-1 registration statement with the United States securities regulator.
The Bitwise Solana (SOL) ETF was incorporated on Nov. 20, according to the State of Delaware’s Division of Corporations website. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.
Bitwise would still need to submit a 19b-4 filing and S-1 registration statement to the US Securities and Exchange Commission to officially put its name in the race with VanEck and Canary Capital.
India Expands Payment Ties With Regional Partners to Strengthen Cross-Border Financial Networks
Bitcoin reserve won’t solve US debt crisis: Think tank co-founder
Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do.
United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to $35 trillion, the president of the nonprofit think tank says.
“When Senator Cynthia Lummis of Wyoming talks about how a Bitcoin reserve could help us eliminate the federal debt, that’s an overselling of what Bitcoin could do,” Avik Roy, president of the Foundation for Research on Equal Opportunity said on stage at the North American Blockchain Summit 2024 in Dallas, Texas on Nov. 20.
A scenario where the US buys an “enormous” amount of Bitcoin (BTC) that appreciates could help, Roy said, but it won’t catch the $35.46 trillion debt that has been rising nearly exponentially since the 1980s.
Bitcoin Surpasses $95,000: A Milestone in Cryptocurrency Markets
Trump’s White House Considers a Landmark Role for Crypto Policy
Chinese Court Orders Refund in Controversial Crypto Contract Dispute
‘Very Strong Moves’ – Analyst Sees Rallies for Solana Rival, Updates Forecast for Two Ethereum-Based Altcoins
A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a series of rallies. In a new strategy session, crypto trader Michaël van de Poppe tells his 737,600 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) could soon hit $1 […]
The post ‘Very Strong Moves’ – Analyst Sees Rallies for Solana Rival, Updates Forecast for Two Ethereum-Based Altcoins appeared first on The Daily Hodl.
Lawmaker Demands Overhaul Amid Regulatory Failures: ‘The Era of Post-Financial Crisis Regulation Is Over’
SEC delays Franklin Templeton crypto index ETF decision
According to Eric Balchunas, the launch of the Bitcoin ETF in the United States was the most successful ETF launch in history.
The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.
In a Nov. 20 letter, the regulatory agency explained that it received no comments after publishing the proposed rule change to list the crypto index ETF on the Federal Register on Oct. 8, 2024. SEC officials wrote:
The SEC continued, “Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates January 6, 2025, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove, the proposed rule change.”
3 AI MemeCoins With Unbeatable Narratives (Here’s Where the Money Is Going)
In this video we discuss AI memecoins which is the hottest new trend in Crypto. Flying Avacado Cat was the first memecoin ever created by Grok. Will it see huge gains loke we’ve seen from other AI agent coins? ➡️ Join Telegram Trade with Josh – https://t.me/+vS5uDtG57XpjNDA1 📚 Trading Tools – https://www.fomoed.io/ ➡️ Arculus – […]
Schindlers Digital Assets Launches Real Estate Purchases With Crypto in South Africa
Crypto Intelligence Platform Arkham Announces New Spot Trading Exchange Coming to US
Market analytics platform Arkham Intelligence is announcing the launch of a new spot trading exchange. In a new thread on the social media platform X, the crypto intelligence firm says it plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham notes that some US users […]
The post Crypto Intelligence Platform Arkham Announces New Spot Trading Exchange Coming to US appeared first on The Daily Hodl.
A New Frontier: Court Authorizes Service of Process Through NFT Airdrop
Solana, Render & Nvidia’s Earnings: 3 Altcoins I’m Buying (Low Cap Gem)
Solana, Render, TAO & Near are just a few coins that are gearing up for a potential surge after Nvidia’s impressive earnings report! In this video, I’ll break down how Nvidia’s success is impacting the AI and crypto markets and reveal the top altcoins I’m buying next ➡️ Join Telegram Trade with Josh – https://t.me/+vS5uDtG57XpjNDA1 […]
LOCK IN, WE’RE ALMOST AT THE OTHER SIDE!
Channel PHEMEX 🟣 $30,000 Deposit Bonus https://phemex.com/a/TMGBTC STONKSY INDICATOR £149 A MONTH https://www.stonksy.io/ BYBIT EXCHANGE to trade DOP $25,000 Signup Bonuses https://partner.bybit.com/b/128 🟢 CSE Plus+ Discord: Highly profitable High Net Worth community (Free Stonksy when joining) WEBSITE LINK: https://cryptosavingexpert.com/cse-plus 🟠 EXPRESS VPN 🟠 95% DISCOUNT (USE A VPN TO TRADE) https://ExpressVPN.com/MartiniGuy 🟣 SWISSBORG 🟣 Cheapest […]
Onchain Analyst: Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike
A perfect storm is brewing for Bitcoin
Reflexivity squared: How Bitcoin ETF options could lead to explosive price movements.
Opinion by Mehdi Lebbar, co-founder of Exponential.fi.
Bitcoin (BTC) is the world’s most reflexive asset today. The United States Securities and Exchange Commission recently approved options for several Bitcoin exchange-traded funds (ETFs). Once issued, these options lead to gamma squeezes, acting like reflexivity. Together, that’s reflexivity squared, leading to unprecedented price movements.
The launch of spot Bitcoin ETFs was already a landmark event for the financial world. In their first month, BlackRock’s and Fidelity’s Bitcoin ETFs attracted unprecedented inflows, each accumulating $3 billion — setting records for ETF launches.
NFT weekly sales surge 94%, McDonald’s partners with Doodles: Nifty Newsletter
NFTs continue to recover as weekly sales volumes hit $181 million, surging 94% week-on-week.
In this week’s newsletter, read about non-fungible token (NFT) sales volume’s continued recovery with a 94% surge week-on-week, check out McDonald’s new partnership with NFT project Doodles for its online promotion called “GM Spread Joy,” and, in other news, former professional basketball player Shaquille O’Neal settled an Astral NFTs lawsuit for $11 million.
NFT sales volumes rebounded as Bitcoin and other crypto markets rallied. In the week to Nov. 17, digital collectibles surged by 94%, recording a sales volume of $181 million across different blockchains.
Ethereum, Bitcoin and Solana led the surge. Ethereum recorded an NFT sales volume of $67 million for the week, while Bitcoin had $60 million and Solana had $26 million.
FTX co-founder Gary Wang sentenced to time served
Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.
FTX co-founder Zixiao “Gary” Wang was sentenced to time served plus forfeiture of assets in a United States district court in New York on Nov. 20, making him the fifth and final executive sentenced over the exchange’s 2022 collapse.
Wang pleaded guilty to fraud charges in December 2022 alongside former Alameda Research CEO Caroline Ellison. For her part in the scheme, in which she admitted to conspiring with FTX co-founder Sam Bankman-Fried to steal $8 billion, Ellison received a two-year sentence.
Judge Lewis Kaplan oversaw all five cases and issued prison time in Ellison’s case as well as Bankman-Fried’s (25 years) and former FTX Digital Markets co-CEO Ryan Salame (7.5 years).
Coin Center lawyers argue Tornado Cash is not property
The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.
Coin Center is appealing an earlier ruling by the United States district court for Northern Florida, which held that Tornado Cash creates indirect benefits for foreign individuals and entities that can be defined as a financial interest subject to sanctions from the Office of Foreign Assets Control (OFAC).
Legal counsel for Coin Center Jeffrey S. Hetzel told the 11th Circuit Court of Appeals, “The easiest way to resolve this case is to hold that in our plaintiffs’ transactions, there is no foreign property. The district court had to erase the word property from the statute.” Hetzel continued the argument:
Attorneys for the United States government countered Hetzel by maintaining that price appreciation of the Tornado Cash token, TORN, directly benefitted TORN holders and asserted that withdrawal fees were a form of accrued benefits for the protocol’s founders.
9 Reasons To Watch Cardano This Cycle
➡️ Join Telegram Trade with Josh – https://t.me/+vS5uDtG57XpjNDA1 📚 Trading Tools – https://www.fomoed.io/ ➡️ Arculus – https://www.getarculus.com/products/arculus-cold-storage-wallet ➡️ Trade Bitcoin – https://partner.blofin.com/d/DiscoverCrypto 📚 Learn Bitcoin & Crypto ➡️ https://bitlabacademy.com ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There […]
Lucky Block Price Prediction 2024-2030: Growth Forecast and Key Market Drivers
History May Repeat for Bitcoin, Sending BTC to Massive Price Target, According to Crypto Analyst
A closely followed crypto strategist believes Bitcoin (BTC) may be repeating a historical pattern that could suddenly send it into the six-figure range. Analyst Ali Martinez tells his 84,100 followers on the social media platform X that Bitcoin may be gearing up for a massive breakout based on what happened in the two prior bull […]
The post History May Repeat for Bitcoin, Sending BTC to Massive Price Target, According to Crypto Analyst appeared first on The Daily Hodl.
Galaxy Digital Executive Says ‘Reasonable’ To Look at Bitcoin To Replace US Dollar in Future
One of Galaxy Digital’s top executives says that the US government may be forced to look at Bitcoin (BTC) as a potential replacement for the US dollar in the future. In a new interview with Bloomberg Television, Galaxy Digital’s head of firmwide research Alex Thorn comments on the potential for the US to launch a […]
The post Galaxy Digital Executive Says ‘Reasonable’ To Look at Bitcoin To Replace US Dollar in Future appeared first on The Daily Hodl.
SEC delays decision on Franklin Templeton Bitcoin & Ethereum index ETF
The SEC delays its decision on Franklin Templeton’s Bitcoin and Ethereum ETF, extending the deadline to January 6, 2025.
The post SEC delays decision on Franklin Templeton Bitcoin & Ethereum index ETF appeared first on Crypto Briefing.
Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License
AI Platform BitGPT Experiences Significant Growth Following Binance Demonstration
November 20, 2024 – Tallinn, Estonia Following its global unveiling on the main stage of Binance’s Blockchain Week conference in Dubai, AI platform BitGPT is experiencing sizable growth across every vertical of the project – from active partnership conversations to the number of users currently testing its technology. BitGPT’s X and Telegram communities grew in […]
The post AI Platform BitGPT Experiences Significant Growth Following Binance Demonstration appeared first on The Daily Hodl.
The First Trillionaire Will Be Made in Crypto
Price analysis 11/20: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, SHIB, TON, AVAX
Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.
Bitcoin (BTC) bulls have kept up the pressure, and the price is trying to climb above $95,000. Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), launched on Nov. 19, were an instant hit.
Bloomberg ETF analyst James Seyffart said in a post on X that IBIT options recorded roughly $1.9 billion in notional exposure, and that could be the reason for Bitcoin’s new all-time high on Nov. 19.
Bitcoin’s price is nearing $100,000, but MicroStrategy, the largest corporate holder of Bitcoin, is not showing any signs of slowing down its purchases. The business intelligence firm revealed plans to raise $2.6 billion from senior convertible notes to buy more Bitcoin and for general corporate purposes.
Japan passes stimulus package, commits to crypto tax reform
Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.
Japan will go ahead with a proposed stimulus package after Prime Minister Shigeru Ishiba promised to engage in bipartisan discussions to enact sweeping tax reform.
The economic stimulus package is expected to be approved before the end of 2024. According to a report from Bloomberg, the proposed tax reform measures include changes to income tax, corporate taxes and cryptocurrency taxes. This represents a shift in the governing party’s policy, which had previously called for higher taxes.
Pundits have described the situation as being “stuck between a rock and a hard place.”