Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request … Read more

SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto Innovation

The U.S. Securities and Exchange Commission (SEC) has adopted rules to require firms that act like dealers to register with the Commission. A lawyer explained that the securities regulator took a shot at decentralized finance (Defi) with the rules, which explicitly target decentralized exchanges’ (DEX) liquidity providers (LPs) with at least $50 million in assets. … Read more

Cryptocurrency Market Faces Concerning Declines As Bitcoin ETF Approvals Trigger Market Dynamics

The cryptocurrency market has experienced notable declines, revealing a -7.5% drop in total market caps over the past week, according to data from Santiment. The recent approval of the first 11 Spot Bitcoin ETFs by the SEC on January 10 has led to a ‘buy the rumor, sell the news’ scenario, though it’s early to … Read more

SEC Greenlights Trading For 11 Spot Bitcoin ETFs, Unleashing A New Chapter For The Entire Industry 

In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has given its approval for the listing and trading of 11 Spot Bitcoin ETFs, marking a significant milestone for the cryptocurrency asset class. 🚨🚨🚨 OFFICIAL: Spot #Bitcoin ETFs approved by #SEC Includes: 🟩 VanEck🟩 Bitwise🟩 Fidelity 🟩 Franklin🟩 Valkyrie 🟩 Hashdex🟩 Ark Invest🟩 Grayscale🟩 … Read more

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