Here is a brief explanation of the 7 most recent news in the crypto market:
What happened to Grayscale bitcoin ETF?
Grayscale Investments, a leading crypto investment firm, recently landed a huge victory in its legal tussle with the Securities and Exchange Commission (SEC). A federal appeals court ruled in favor of Grayscale and compelled the SEC to reevaluate its earlier denial of Grayscale’s proposal to convert its Bitcoin Trust, called GBTC, into an ETF. This judgement has sent ripples across the crypto industry, leading to an immediate surge in Bitcoin prices and offering hope for the approval of spot bitcoin ETFs in the U.S. However, Grayscale Investments CEO, Michael Sonnenshein, has expressed uncertainty about whether the company needs to refile its application with the United States Securities and Exchange Commission (SEC) to convert its GBTC product into a spot bitcoin ETF.
Three Altcoins That Could Crash in September
August was a busy month for the entire crypto market, with Bitcoin and Ethereum struggling to maintain a stable price. However Rollbit Coin (RLB), XDC Network (XDC) and TON showed up as possible losers of September.
Bitcoin Price Prediction: ETF Likelihood Rises; Robinhood Integration Curbs BTC Losses
Bitcoin maintained a trading level of $27,280 on Thursday, experiencing a slight decrease of less than 1%. The market’s momentum shifted due to a Robinhood integration.
Bitcoin Lightning Network Based Liquid Staking Protocol Stroom Network Raises $3.5M in Seed Round
Stroom Network, a Bitcoin Lightning Network based liquid staking protocol, has raised $3.5M in a seed round led by Greenfield, with participation from Lemniscap, No Limit Holdings, Cogitent Ventures, and others.
Chiliz Price Prediction 2023, 2024, 2025: Will CHZ Claim $0.1 Price Tag This Year?
Chiliz could claim a $0.1 price tag this year.
AMP Price Prediction 2023-2032: Is AMP a Good Investment?
AMP’s potential as an investment and provides price predictions for the years 2023-2032. AMP seeks to enable users to stake tokens without having to transfer them to a smart contract physically.
Binance to Delist BETH Trading Pairs, Shifts Focus to WBETH
Binance is delisting BETH trading pairs and adding WBETH to Simple Earn Flexible Products and Loans to improve staking services and user utility.
