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Rep. Wiley Nickel, a crypto-friendly lawmaker, seemed optimistic that the measure to overturn SAB 121 would pass the Senate this week, noting that it had previously passed the House with bipartisan support. Earlier in the day, Nickel penned a letter to Gensler, calling on him to withdraw SAB 121.
Bitwise CIO Matt Hougan said bitcoin allocations revealed in recent 13F filings with the SEC are just a “down payment.”About six months after an initial allocation, Hougan said he’d expect allocations to rise to 1-5% of professional investor portfolios on average.
Van Buren Capital General Partner Scott Johnsson unearthed an overlooked detail in a March spot Ethereum ETF filing on Tuesday. Analysts suggested the filing showed the SEC is potentially considering ETH a security in likely spot ETF denials this month.
Bitcoin rallied alongside stocks following cooler U.S. inflation data for April.The largest digital asset by market cap increased 3% in the past 24 hours.
MicroStrategy, whose bitcoin holdings are currently valued at $13.5 billion, will be added to the MSCI World Index, effective May 31.The addition follows a surge in the price of MicroStrategy’s stock — which up more than 87% year-to-date.
The ecosystem fund is denominated in Bitget Wallet’s native token, BWB, which is scheduled for debut this quarter.
Stablecoin issuer Circle is planning to redomicile from Ireland to the U.S. Circle confidentially filed for an initial public offering of its equity securities in January.
- 02:24Opinion: The market's attention to this U.S. election is lower than expected, but there is still a strong uncertaintyAdam, a macro analyst at Greeks.live, announced the major events for next week on platform X and said: "Next week is a big week in terms of macroeconomics. The non-farm payroll data and unemployment rate data on Friday are worth paying attention to. They are the last important economic data before the election, and there's almost no speech scheduled by Federal Reserve officials. As the election approaches, market interest in this election is lower than expected, but there is still a great deal of uncertainty surrounding it."
- 02:23Harris, Trump discussed Israeli airstrikes on Iran during the campaignDuring this weekend's campaign event, U.S. Vice President Harris and former President Trump briefly discussed Israel's airstrike on Iranian military bases. At a rally in Michigan, Trump said, "Israel is launching an attack—we are at war, and she (Harris) is out partying." At the time, Harris was holding a campaign event with Beyoncé in Texas. Meanwhile, Harris called for "de-escalation rather than escalation of the situation in the region" on Saturday. She told reporters: "I feel very strongly along with all of America that Iran must stop its threats to the region; we will always protect Israel from any attacks launched by Iran in this manner."
- 02:19Bloomberg ETF Analyst: Traditional financial institutions are interested in Bitcoin ETFs, which can help improve capital flow and demandData shows that in the past four years, among 1,800 ETFs that started trading, BlackRock's IBIT has ranked first in terms of fund inflows. Bloomberg ETF analyst James Seyffart believes that a large part of the reason for the rapid influx of funds is due to investors wanting to invest in Bitcoin for some time. The interest from traditional financial institutions in Bitcoin ETFs helps improve capital flow and demand.
