crypto

According to data from Kaiko, the average trade size for bitcoin on crypto exchange Kraken increased to above $2,000 on Tuesday after the ruling, from around $850 the day prior. The last time bitcoin’s average trade size was higher than $2,168 was in June, said research firm Kaiko. The bitcoin …

Indexes are pivotal in asset markets as the cornerstone of financial market growth and an essential tool for investors. In crypto, however, the nascent state of index availability and adoption is a significant impediment for investors. Currently, the equivalent advice to “buy the index” is to purchase bitcoin (BTC) or …

Bitcoin (BTC) gained nearly 8%, topping $28,000 at one point on Tuesday afternoon after a federal appeals court ruled that the SEC must review its rejection of Grayscale Investments’ attempt to convert its GBTC into an ETF. As has been typical with such rallies for many months, the crypto quickly …

Bankman-Fried can use a laptop that is not connected to the internet while being held at the Metropolitan Detention Center in Brooklyn. He also has approval to work from an internet-enabled laptop with Microsoft Office, Excel, PowerPoint and Adobe Acrobat at a cellblock at the federal courthouse in Manhattan twice …

“DCG’s contribution to the estate in satisfaction of creditor claims is wholly insufficient to satisfy even the uncontested loan amounts due, let alone, the valuable estate claims assertable by creditors against DCG and its directors and officers, including Barry Silbert,” a group of Genesis lenders said in a filing to …

“The Court should preclude irrelevant, confusing, and prejudicial questioning, evidence, and arguments about the involvement of attorneys” if no further details are provided, U.S. Attorney Damian Williams said in the filing, arguing Bankman-Fried should specify the legal advice or abandon his proposed defense.

Some investors, however, have been purchasing GBTC shares over the last three to six months betting on a narrowing discount in case of a favorable court decision, Doug Schwenk, CEO of crypto data provider Digital Asset Research, explained in an emailed note.

The U.S. securities regulator, led by Chair Gary Gensler, now faces several options: appeal the decision; grant Grayscale’s application to list its bitcoin spot ETF; let it be automatically approved by doing nothing; or start up a new, second effort to reject the application based on fresh objections. Much of …

Crypto is salivating not only over the court’s pro-ETF ruling, but anti-SEC comments. The top U.S. securities regulator fell “short of the standard,” made “unexplained” calls and “failed to adequately explain” its argument. In particular, the SEC didn’t make a good enough case for approving some bitcoin-related exchange-traded products (namely …