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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...

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...

Bitcoin price fell 3% to the $29,000 level, with the price currently trading near $29,280. In the last 24 hours, BTC price recorded a low and high of $29,068 and $30,330, respectively. advertisement Ethereum prices also plummeted below the $1850 level. The ETH price fell over 2% in the last 24 hours, with the price currently trading at $1,848. The 24-hour low and high are $1,837 and $1,904, respectively. XRP price fell over 3% to extend fall to 6% in the past 24hrs. Other altcoins including Cardano, Polygon (MATIC), and Solana also tumbled nearly 3%, with the global Crypto Market falling 2.3% to $1.17 trillion in the last 24 hours. Why Bitcoin and Crypto Price Are Falling Suddenly? Coinglass data indicate massive longs liquidation of $150 million today, July 24. More than 50 k  traders were liquidated in the last 24 hours, with the largest single liquidation order on  OKX’s BTCUSDT swap worth  $2.57 million. As a result of selloff, the br...

Also Read: Banks, VCs, Pension Funds Once Crypto-Friendly Steering Away From Crypto advertisement During the recent House Financial Services Committee hearing, Gary Gensler dodged the question on explaining how crypto firms should comply with the laws. The Committee Chair Patrick McHenry came down heavily against Gensler’s stance that existing securities laws are already compatible with the Crypto Market . Jay Clayton Supports Gensler The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad Speaking about the state of the Crypto Market and the debate around regulation, Clayton said securities can eventually become commodities but currently many cryptocurrencies appear to be securities. He explained that these assets now give a first mover advantage to early investors in crypto...