Goldman Sachs is in talks to play the key role of being an “authorized participant” for BlackRock and Grayscale’s bitcoin ETFs, if the SEC approves them, according to people familiar with the situation.
The Küresel Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.
We see a 98% chance of approval in the next couple of weeks and the high likelihood of a Bitcoin rally to follow.
The stablecoin immediately snapped back to its $1 peg on Binance.
The token touched the highest level since April and volume increased more than 600%.
The latest price moves in crypto markets in context for Jan. 3, 2024.
“SEC Chair Gensler is not embracing crypto in the U.S., and it might even be a very long shot to expect that he would vote to approve bitcoin spot ETFs,” Matrixport said
Financial services company Matrixport said it expects the SEC to reject all ETFs applications this month.
BRC-20 marketplace UniSat said it will follow a proposed change in the token standard that has met with opposition from Domo, the pseudonymous creator of BRC-20.
Transaction volumes on the network overtook those for Solana-based applications, which boomed after a göğüs coin-led frenzy in December.