🔍 CryptMarket Analysis — 6-9-18

Crypto markets remain cautious heading into the weekend, with short-term sentiment tilting bearish due to regulatory scrutiny and options expiry. The SEC and CFTC issued a joint statement today, clarifying that registered exchanges may facilitate trading of certain spot crypto assets, which provi... ... Read full CryptMarket Analysis — 6-9-18

XRP flirts with $3 amid ETF approval hope: Is $3.60 the next stop?

XRP flirts with $3 amid ETF approval hope: Is $3.60 the next stop?

Key takeaways:Bloomberg analysts assign 95% odds for an XRP ETF, with a SEC decision expected for October.XRPL adoption lags peers, holding just 2% of Real World Assets despite stablecoin growth.XRP (XRP) price faced rejection on Tuesday after reaching its highest level in nearly two weeks at $3.04.…

SEC Delays Decision on HBAR and Polkadot ETFs Until November

SEC Delays Decision on HBAR and Polkadot ETFs Until November

The U.S. Securities and Exchange Commission (SEC) has once again hit pause on two altcoin ETF filings, Canary’s Hedera (HBAR) ETF and Grayscale’s Polkadot ETF. While the crypto community eagerly awaits approval, the regulator is buying more time, pointing to broader listing rules as the key hurdle.…

Grayscale seeks SEC approval to launch spot Chainlink ETF in the US

Grayscale seeks SEC approval to launch spot Chainlink ETF in the US

Grayscale has filed an S-1 registration statement with the Securities and Exchange Commission in a bid to manage what could be one of the first spot Chainlink exchange-traded funds in the United States — including a potential staking component.The proposed fund — a conversion from Grayscale's existi…

Can XRP keep outperforming Bitcoin this bull cycle?

Can XRP keep outperforming Bitcoin this bull cycle?

Key takeaways: XRP/BTC is up around 300% since Trump’s election victory.The pair could rally by another 100-250% due to multiple bullish setups aligning.XRP has outperformed Bitcoin by nearly 300% since Donald Trump’s reelection in November, with tailwinds from Ripple’s SEC lawsuit settlement and …

Bitcoin stalls around $110,000; Fed rate cut may not spark rally, analyst says

Bitcoin stalls around $110,000; Fed rate cut may not spark rally, analyst says

Bitcoin's price remains tightly range-bound around $110,000, reflecting a subdued market awaiting next week's highly anticipated U.S. interest rate decision.According to The Block's crypto price page, bitcoin rose 0.44% in the past 24 hours to trade at $111,074 as of 12:22 a.m. on Monday. The prices…

FBOT registry won't bring offshore crypto exchanges to the US — Attorney

FBOT registry won't bring offshore crypto exchanges to the US — Attorney

The recent Commodity Futures Trading Commission (CFTC) advisory on offshore exchanges serving US residents under the Foreign Board of Trade (FBOT) framework won’t bring offshore crypto exchanges back to the US, according to Eli Cohen, general counsel at real-world asset (RWA) tokenization company Ce…

Here’s what happened in crypto today

Here’s what happened in crypto today

Today in crypto, a Bitcoin analyst is not convinced that Bitcoin will peak at the end of this year, US regulators are exploring a shift to 24/7 capital markets and new rules for crypto derivatives. Meanwhile, Sora Ventures unveiled a $1 billion Bitcoin treasury fund.Bitcoin traders tipping Q4 price …

Litecoin feuds with influencer, trades barbs over price...and hairline

Litecoin feuds with influencer, trades barbs over price...and hairline

A playful spat between the official social media account of cryptocurrency Litecoin and crypto influencer Benjamin Cowen has grabbed the attention of the broader crypto community heading into the weekend.“Your head reminds me of the great recession,” Litecoin, the 21st-largest cryptocurrency by mark…