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The bullish consolidation for Bitcoin above $30,000 continues to pile on. The longer it maintains a higher position, the further its positive sentiment improves. It seems like a matter of time before BTC registers a new yearly high of around $35,000. According to Coinshares , major BTC products are also experiencing bullish-bias activity. The report indicated that most institutional investors have been focusing on BTC over the past two weeks. Over $300 million in inflows were registered for the investment products. James Butterfill, Coinshares ’ Head of Research, also highlighted minor inflows for certain altcoins. Ethereum, Cardano, and Polygon led inflows but the primary focus remains Bitcoin. Also Read: Bitcoin Is No Longer 1st Choice For Cyber Criminals: Report Is there any confirmation of the Bitcoin Accumulation Trend? While it is always difficult to pinpoint which large-scale players have their hand in the honeypot, the following chart may help. Source: Cry...

BTC price action is all about the 200-day moving average into the monthly close, with opinions on the outlook increasingly polarized. Bitcoin (BTC) is retaining this week’s gains, with some trader s doubling down on their bullish BTC price bets. BTC/USD 1-hour chart with 200-day EMA. Source: TradingView Trader: Bitcoin price may have bottomed A key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph Markets Pro and TradingView shows. Bitcoin may have retraced from its local highs above $28,000, but bears have not yet sparked a full retrace of the move. For some, this is increasingly positive news, as BTC/USD is now successfully holding a long-term trend line lost as support earlier in August. This comes in the form of the 200-day exponential moving average (EMA), currently at $27,180. Some hourly candles closing below into Aug. 31 were not enough to spark a more significant breakdown, and Bitcoin is tightly hugging...

Arkham Intelligence said the wallet contains approximately $2.54 billion worth of ETH under custody for user balances. Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood as a leading holder of Ether (ETH) and the owner of the fifth -largest ETH wallet, which contains about $2.54 billion of the cryptocurrency. Arkham stated on X (formerly Twitter) that its recognition of Robinhood possessing the third -largest Bitcoin wallet garnered significant attention. However, it said less attention has been paid to its identification of Robinhood as the holder of the fifth -largest ETH wallet. In a separate update, Arkham emphasized that these funds are user balances under custody. The largest Bitcoin (BTC) wallets in the world, according to BitInfoCharts, are reportedly owned by Binance and Bitfinex. Our identification of Robinhood as the owner of the third-largest Bitcoin wallet was widely covered. But most coverage ...

Coinbase Victory Against the US SEC A three-judge panel for the DC Circuit Court of Appeals sided with Grayscale Investments after the U.S. SEC failed to give reasoning for their denial of spot Bitcoin ETFs. Neither the SEC nor Gary Gensler is able to provide clarity on whether or which cryptocurrencies are securities, indicating a lack of clarity regarding crypto. advertisement Pro-XRP lawyer John Deaton takes a jibe at the SEC and Gary Gensler for defeat against Grayscale, saying “Hey Gary Gensler how’s that Regulation by Enforcement policy going for you?” He also agreed totally with analyst Scott Melker “The Wolf of All Streets” that Coinbase will annihilate the SEC in its lawsuit. Also, Gary Gensler will prove to be the worst commissioner of all time. Coinbase is going to absolutely annihilate the SEC and Gary Gensler will be looked back upon as the worst commissioner of all time. And all will be well. Recomm...

In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, a jump of 15% over the previous day's close. Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute. In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase of over 15% over the previous day's close. Coinbase, the largest cryptocurrency exchange in the United States, has been publicly listed on the Nasdaq since 2021. On Aug. 29, a federal court ruled that the U.S. Securities and Exchange Commission did not provide a consistent justification for rejecting Grayscale's request to transform its Bitcoin Trust into a traditional Bitcoin ETF. Screenshot showing Coinbase stock price increase. Source: Coinbase The verdict, perceived as a victory for the cryptocurrency sector by investors, ...

Also Read: Bloomberg Analysts Up U.S. Spot Bitcoin ETF Approval Odds To 75% advertisement In the interview, Sonnenshien mentions the unanimous voting by all three judges who  ruled in favor of Grayscale ‘s ETF and that the SEC must vacate its denial order on the Spot ETF. The CEO was open to mentioning how the legal battle started and how Grayscale took the SEC to court. In the interview, Sonnenshien says how the SEC would violate its mandate and also talks about the future plans of Grayscale. What Caused Grayscale To File A Case Against The SEC? Last June, Grayscale decided to convert its Bitcoin Trust GBTC into an ETF and filed an application for the same with the SEC. When the SEC declined the application, Grayscale chose to take the legal route by seeking help from the Judicial system of the United States. After going through several briefs and arguments to reach a consensus, it took over a year of strenuous legal battle with the SEC for relief. Th...

After Florida, another state doesn’t want to use or try CBDCs. The North Carolina House of Representatives passed unanimously in favor of a bill that would stop government agencies from taking Central Bank Digital Currencies (CBDCs). The bill comes after many Republicans and some Democrats spoke out against CBDCs. North Carolina says no to CBDCs On May 3, 118 members of the House decided to pass House Bill 690. Only two members didn’t vote at all, and no one voted against it. Along with making it illegal to accept CBDC, the bill would also make it illegal for the state to take part in Federal Reserve branch tests of a possible CBDC. In April, the House was given a bill called “AN ACT TO PROHIBIT PAYMENTS IN CRYPTOCURRENCY TO THE STATE,” but on May 2, the word “cryptocurrency” was changed to “central bank digital currency.” The latter is described as “a digital currency, digital medium of exchange, or ...

Also Read: XRP And Cardano Records Buying Amid Largest Crypto Funds Outflow advertisement X Crypto License: What Next With the license approval in Rhode Island, the platform will be able to legally offer cryptocurrency wallet services. X users will now be able to store, send, and receive various cryptocurrencies, which could turn out to be a game changing move in the platform’s payments space. This move would also help introduce cryptocurrencies to a broader audience, and effectively expand the Crypto Market to new users. Interestingly, it remains to be seen how Dogecoin (DOGE) would fit in in the Twitter crypto wallet plans considering that the memecoin has a history of Tweet mentions from Elon Musk. Many a time in the past, the DOGE price would grew sharply when Musk mentioned something about the crypto token. Elon Musk & The Everything App The crypto wallet launch plans could also help Musk expand the platform into other financial service...

Also Read: Terra And Do Kwon Cite XRP Ruling As Precedent To Dismiss US SEC Lawsuit advertisement The FTX collapse had a blanket effect on cryptocurrency prices for over a month’s time in the last quarter of 2022, as retail and institutional investors lost millions of dollars in investments. Ellison reportedly wrote in her personal notes three months before the collapse that she was “unhappy and overwhelmed” with her job as Alameda CEO. Caroline Ellison’s Personal Notes The FTX management is currently fighting several lawsuits across the world over allegations of fund mismanagement. As part of the ongoing trial of Sam Bankman-Fried , prosecutors have accessed documents and notes belonging to Ellison. According to The New York Times report, the Alameda CEO felt like going home and turning off her phone to escape from the drama around FTX and Alameda Research. Ellison reportedly wrote in an online note: “I have been feeling pr...