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Traditional safe-haven assets such as US Treasuries have also faltered as the global economy continued to face headwinds.
In January, the SEC delayed deciding on BlackRock’s spot Ethereum ETF and later on April 19, Nasdaq filed an amendment to the proposal.In the amended filing, the exchange discussed the ETF’s creation and redemption process.
The SEC wants Terra and its owner to pay one of the largest crypto fines in history. Do Kwon argues he owes less than $1 million.
Standard Chartered has revised its outlook and no longer anticipates the approval of spot Ethereum ETFs in May. However, the bank maintains an optimistic view in the long run, expecting eventual approval.
A new note from Standard Chartered observed a less leveraged bitcoin market, where assets “can now re-trend higher.”The note reiterated Standard Chartered’s year-end target price levels of $150,000 for bitcoin, and $8,000 for ether.
Quick Take The agency pushed its timeline to make a decision to June 11, 2024, after which the SEC could approve or disapprove or institute proceedings. The SEC also delayed making a decision on a spot Ethereum ETF proposal from Grayscale. Optimism for a spot Ethereum ETF has fallen over the past few months.
The OP_CAT proposal has formally received a Bitcoin Improvement Proposal number — BIP-420. BIP-420 would enable covenants on Bitcoin, allowing the development of features such as smart contracts, secure bridges and on-chain trading.
- 14:20Report: The United States is the Main Source of Cryptocurrency Scams and Failed ProjectsOn November 29, 5Money and Storible conducted a study on 1,544 global cryptocurrency projects from January 2022 to October 2024. The data shows that the United States accounted for as much as 43% of crypto scams, while China and the UK each accounted for 8% and 7%, respectively. In terms of the number of failed projects, the United States also topped the list with a share of 33%. The number of failed projects in China (7.63%), UK (7.22%), South Korea, and Singapore all exceeded 6%, ranking high in the survey results.
- 14:19Hydration launches a decentralized lending platform on PolkadotAccording to financefeeds, Hydration has announced the launch of a decentralized lending platform called Hydration Money Market. The new platform allows users to provide cryptocurrency as collateral, earn deposit interest, and borrow various crypto assets. The platform is built on the Polkadot blockchain, emphasizing the efficiency and innovation of the decentralized finance (DeFi) ecosystem. Hydration has introduced on-chain priority liquidation aimed at minimizing losses and preventing exploitation during liquidation events.
- 13:48AAVE breaks through 200 dollarsBitget market data shows that AAVE has broken through $200, currently reported at $200.04, with a 24-hour decline of 2.05%.
