Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Küçük Trust product, according to a filing on Tuesday.
The latest price moves in crypto markets in context for March 12, 2024.
The regulator invited applicants with a “genuine interest in developing a stablecoin issuance business” to join the sandbox.
Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.
By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues.
Earlier this year, the regulator had denied permission to trade bitcoin ETFs.
“We are working collaboratively with Nigerian authorities to bring Nadeem and Tigran back home safely to their families,” a Binance spokesperson told CoinDesk.
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That’s significantly lower than the 2020-21 bull run.
The Crypto Open Patent Alliance and Craig Wright will present their closing arguments this week in a case debating whether Wright is indeed Satoshi Nakamoto..
