Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter. Robinhood CEO Vladimir Tenev described the recent Securities and Exchange Commission Wells notice as a “disappointing development” during a Q1 earnings call, as the firm posted a 224% increase in…
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Key Points: Grayscale’s Craig Salm is confident in May’s approval for spot Ethereum ETFs, despite SEC engagement concerns. Bloomberg analysts cut approval odds to 25%, citing SEC disengagement. The SEC previously approved Ether futures ETFs, with various firms, including BlackRock and VanEck, awaiting spot Ether ETF decisions. Despite recent concerns over the U.S. Securities and…
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Key Points: A federal judge rules in favor of the SEC Coinbase lawsuit, affirming crypto assets as securities. Wahi settles with the SEC and DOJ, and Ramani faces legal action for involvement in trades. Kraken contests the SEC lawsuit, alleging retaliation, amid regulatory debate on crypto securities. According to Fortune, a federal judge in the…
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Central issues: By SIM swap, the SEC hack was found to have posted false approvals for Bitcoin ETFs. Bitcoin costs flooded and fell; an examination uncovered no MFA since July 2023. The Protections and Trade Commission (SEC) gave a report on a new hacking occurrence that happened recently, influencing its X record and causing disturbance…
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Ripple’s lawyers argued that the United States Securities and Exchange Commission had more than enough chances to obtain additional documents before the deadline. Attorneys addressing Wave Labs have announced that the US Protections and Trade Commission’s (SEC) solicitation to analyze extra monetary reports isn’t legitimate, given the cutoff time has previously elapsed and needs importance.…
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Central issues: Despite an unauthorized tweet on its @SECGov account claiming fake Bitcoin ETF approval, the SEC assures that there was no system breach. SEC staff expeditiously recaptures control, erases the tricky post, and starts examinations, including FBI contribution, to decide the break’s starting point. The hack of the SEC X account demonstrates the ongoing…
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Central issues: The SEC amended six proposed Bitcoin ETF 19b-4 filings on January 8 to address previously raised concerns, such as the size and liquidity of relevant markets, surveillance-sharing agreements, and the possibility of market manipulation. Sees demonstrate corrections were submitted on January fifth, lining up with reports proposing expected endorsements around January tenth. The…
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Central issues: SEC’s Jan. 10 cutoff time sparkles theory on ETF endorsements. Endorsement might prompt significant inflows from retail and institutional financial backers. Market misjudging influence, potential for a 160% flood. Bitcoin ETFs – trade exchanged reserves (ETFs) supported by Bitcoin in the US is drawing nearer. Members in this high-stakes try face an approaching…
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Central issues: SEC takes part in converses with significant trades — NYSE, Nasdaq, CBOE — alluding to fast approaching Bitcoin ETF endorsement. Bitcoin cost encounters more than 7% plunge after Matrixport report, following Another Year’s Day high of almost $45,000. The Securities and Exchange Commission (SEC) is holding a series of meetings with the major…
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Bloomberg ETF investigator Eric Balchunas says while it’s improbable, there’s as yet a remote possibility that the SEC could give over the “floor covering pull of 10 years.” While the odds are thin, a spot Bitcoin trade exchanged store (ETF) being dismissed for this present month will doubtlessly be because of the Protections and Trade…
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