Ether ETF Hopes Drive Futures Open Interest to Record $14B
The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a day.
Financial
Sec
Financial
Democrat House Leadership Says Crypto Bill Vote Won’t Be Whipped
Ranking members strongly oppose this bill as written, an email obtained by Politico reads, but will stop short of putting it to a whipped vote
Financial
U.S. Senate Votes to Kill SEC’s Crypto Accounting Policy, Testing Biden’s Veto Threat
A dozen Democrats joined 48 Republicans in voting to repeal SAB 121.
Financial
Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here’s Why
“Ether is a ‘lightning rod’ for negative sentiment from crypto native and external players and has several weak spots,” one observer said.
Financial
House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources
Critics of the SEC bulletin argue it constrains companies unfairly.
Financial
Kraken Asks Court to Dismiss SEC Claims to Avoid ‘Significant Reordering’ of U.S. Financial Structure
Judge William H. Orrick is scheduled to hear the matter on June 12.
Financial
Prometheum’s Contentious Answer to Crypto Compliance Is Running Late
The startup’s plan to launch a custody operation followed by SEC-compliant crypto trading missed its first-quarter target, but the firm says it’s just finishing up some technical work.
Financial
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
Potential meşru action against Robinhood should be viewed as a continued attempt by the SEC to reinforce its stance that all crypto tokens other than bitcoin and ether should be classified as securities, the report said.
Financial
Robinhood Shares Fall After Its Crypto Arm Gets Wells Notice From SEC
The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase.
Financial
House’s McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum
The chairman of the House Financial Services Committee says Gensler refused to discuss his view on ETH in testimony even after the SEC was investigating it as a security.