
April 28th, 2025
With the Bitwise ETF application gone, the crypto community is now awaiting the SEC’s decision on the remaining applications by WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Fidelity.
The SEC will have an additional 45 days after the publication in the Federal Register to evaluate the suggested rule. The next decision is pending on October 17, next month.
Aside from dismissing the case against Uniswap, the judge also classified popular cryptocurrencies Ether (ETH) and Bitcoin (BTC) as commodities.
The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason.
At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data.
The court ruled that the SEC failed to provide sufficient evidence as to why Grayscale’s application to convert its Bitcoin Trust to a spot ETF was denied while the agency approved a futures ETF.
Former chief of SEC office of Internet enforcement John Reed Stark argued that the rare move by the agency could spell criminal investigation for Binance and the accused persons.
Impact Theory Will pay a total of $6.1 million and will discontinue the selling of Founders’ Keys, which the SEC calls as unregistered securities in the form of NFTs.
The emergence of Robinhood as a key BTC holder signifies a potential shift in the digital asset ownership landscape.
Both companies are also planning to launch three types of Bitcoin Futures ETFs.
Pantera Capital believes that the recent XRP ruling, possibility of a BlackRock ETF and the next Bitcoin halving will spike prices.
Although the application of the Howey test to staking Ethereum and many other cryptocurrencies can be complex and subject to different legal interpretations, the SEC insists that staking qualifies as an investment contract under the Howey test.
Amidst the legal battle and regulatory scrutiny, July 2023 witnessed a seismic shift in the narrative surrounding the case.
The Binance Coin (BNB) has recently dropped below its 200-week Moving Average, raising apprehensions regarding potential substantial declines among altcoins.
The price of Bitcoin is struggling to maintain momentum and has succumbed to several macroeconomic factors over the last week.