Yagyesh Jaiswal

Banks Set to Provide Bitcoin ETF Access

Morgan Stanley and UBS are on the brink of offering access to Bitcoin ETFs to their clients, marking a significant move towards integrating digital assets into traditional investment portfolios.

Yagyesh Jaiswal

Morgan Stanley and UBS are reportedly preparing to announce their offerings of spot Bitcoin ETFs to clients next week, highlighting the growing acceptance of cryptocurrencies in traditional finance.

Jury Weighs Claims of Deception in the Terra Collapse

A jury has begun deliberations in the SEC's civil fraud case against Do Kwon and Terraform Labs. The SEC argues the collapse of TerraUSD in May 2022 was preceded by deception regarding the stablecoin's mechanics.

Yagyesh Jaiswal

After both sides presented their closing arguments, the jury must carefully consider the evidence and arguments to determine whether Do Kwon and Terraform Labs are liable for civil fraud. Their decision will offer insights into how the law views such cases involving new technologies

Continued BTC Accumulation Signals Strong Bullish Sentiment

A closer look at on-chain data reveals "accumulation addresses" have been steadily adding to their BTC holdings, which bodes well for the largest cryptocurrency.

Yagyesh Jaiswal

With accumulation addresses - a proxy for long-term investors - still accumulating Bitcoin despite short-term volatility, the underlying bullish sentiment suggests prices have further room to rise long term.

Ripple To Enter Stablecoin Market With Backed Digital Dollar

Payment giant Ripple has announced plans to launch their own USD-backed stablecoin, positioning itself to compete with Tether and Circle's dominance directly.

Yagyesh Jaiswal

Ripple aims to expand their offerings to include a transparent and compliant stable digital dollar to address market demands and provide an alternative to the giants. Facing challenges in gaining adoption, they believe leveraging regulatory credentials can differentiate them.

SEC Requests Feedback on Ethereum ETF Plans

The SEC opens a comment period for the public on applications for spot Ethereum ETFs by Grayscale, Fidelity, and Bitwise, highlighting a pivotal step in the regulatory approval process.

Yagyesh Jaiswal

The SEC has initiated a 21-day public comment period on spot Ethereum ETF applications from Grayscale, Fidelity, and Bitwise, marking an important phase in the potential approval of these cryptocurrency investment products.

VanEck: $1T for Ethereum L2 by 2030

VanEck's latest report predicts a bright future for Ethereum's Layer-2 protocols, anticipating a collective market capitalization of $1 trillion by 2030 due to their significant impact on blockchain scalability and efficiency.

Yagyesh Jaiswal

According to a recent VanEck report, Ethereum Layer-2 protocols are expected to achieve a collective market cap of $1 trillion by 2030, highlighting their crucial role in enhancing the scalability and efficiency of the Ethereum blockchain.

Ripple Exec Calls Out SEC's Inconsistent Crypto Oversight

Ripple's Chief Legal Officer Stuart Alderoty has criticized SEC Director of Enforcement Gurbir Grewal's comments on the crypto industry's compliance efforts, highlighting inconsistencies in the regulator's guidance.

Yagyesh Jaiswal

Ripple executive Stuart Alderoty's remarks challenge the SEC's regulatory approach to crypto and call for greater transparency and accountability from the financial watchdog. Alderoty believes the SEC needs to acknowledge issues with how it has enforced regulations and address the resulting damage.

Almost One in Ten Bitcoins Acquired at Over $60,000

New research from Glassnode shows that around 9.5% of the total Bitcoin supply, equating to nearly 1.88 million BTC, changed hands at prices higher than $60,000.

Yagyesh Jaiswal

While a large portion of these purchases were made by short-term holders, some long-term holders have also held strong since buying in late 2021 - demonstrating patience has its rewards in cryptocurrency markets.

Bitcoin Cash Price Dips After Halving But Recovers

Bitcoin Cash price dipped but has shown recovery signs after its recent halving event that reduced mining rewards and affected profitability temporarily. Read the key details here.

Yagyesh Jaiswal

This article analyzes the price movements of Bitcoin Cash around its recent halving event in April 2024. It explores the reasons for the initial dip in price citing the views of industry experts. Overall, BCH has recovered and shows signs of stability despite short-term fluctuations, indicating the event was managed smoothly on technical grounds.

Ethereum's Future: Coinbase CFO Optimistic Despite Regulation

Coinbase CFO Alesia Haas expresses confidence that Ethereum will not be classified as a security, highlighting the need for clearer crypto regulations in the US.

Yagyesh Jaiswal

Amidst regulatory scrutiny, Coinbase CFO Alesia Haas asserts Ethereum is unlikely to be deemed a security, emphasizing the critical need for comprehensive crypto regulation in the US for consumer protection and industry clarity.