News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
The SEC wants Terra and its owner to pay one of the largest crypto fines in history. Do Kwon argues he owes less than $1 million.
Standard Chartered has revised its outlook and no longer anticipates the approval of spot Ethereum ETFs in May. However, the bank maintains an optimistic view in the long run, expecting eventual approval.
A new note from Standard Chartered observed a less leveraged bitcoin market, where assets “can now re-trend higher.”The note reiterated Standard Chartered’s year-end target price levels of $150,000 for bitcoin, and $8,000 for ether.
Quick Take The agency pushed its timeline to make a decision to June 11, 2024, after which the SEC could approve or disapprove or institute proceedings. The SEC also delayed making a decision on a spot Ethereum ETF proposal from Grayscale. Optimism for a spot Ethereum ETF has fallen over the past few months.
The OP_CAT proposal has formally received a Bitcoin Improvement Proposal number — BIP-420. BIP-420 would enable covenants on Bitcoin, allowing the development of features such as smart contracts, secure bridges and on-chain trading.
The bitcoin halving’s impact on market supply and demand dynamics may take over two months to materialize, analysts say.Some forecast a possible short squeeze in the altcoin and memecoin market.