Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
A group of congressional members have written to the Federal Reserve System’s leader Jerome Powell expressing their concern that the recent moves from the Fed to increase oversight of banks’ cryptocurrency dealings will impede the progress of the bill to regulate stablecoins.
Coinbase’s stock jumped 13.9% yesterday, the trigger for this surge was Grayscale Investments successfully pushing for Coinbase’s Bitcoin trust to become an ETF.
On August 28, HashKey, an SFC-licensed exchange platform, launched Bitcoin and Ethereum trading services for both institutional and retail clients.
Russian users of crypto exchanges Bybit and OKX will now no longer be able to withdraw funds to accounts with Sberbank and Tinkoff Bank.