Author: Crypto News Bot

A federal appeals court is reportedly overturning the dismissal of a lawsuit accusing crypto exchange Binance of violating US securities laws by selling unregistered tokens. In March 2022, District Judge Andrew Carter threw out a class action lawsuit brought by crypto investors who used Binance to purchase tokens that eventually witnessed a massive price decline…

Coinbase executives are meeting with the U.S. Securities and Exchange Commission (SEC) to support the approval of a spot market Ethereum (ETH) exchange-traded fund (ETF). A new memorandum reveals that Coinbase executives met with the SEC earlier this week to sway the regulatory agency into greenlighting crypto asset manager Grayscale’s application for an Ethereum ETF

The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, refused to be drawn on whether the regulator considers Ethereum to be a security—even as the SEC considers multiple applications for spot Ethereum ETFs. Speaking on Bloomberg TV, Gensler said he would “defer on that question,” when pressed on whether the regulator viewed

BlackRock’s new spot Bitcoin (BTC) exchange-traded fund (ETF) has already crossed $10 billion in assets under management (AUM), according to Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence. Balchunas notes the asset management giant’s iShares Bitcoin Trust (IBIT) became one of only 52 ETFs out of 3,400 to cross that $10 billion mark…

Illustration by Mitchell Preffer for Decrypt. After a phenomenal run, Bitcoin cooled down. The price of Bitcoin is now at $51,064, after a modest 2% weekly drop. Cash had flooded into the market as retail investors showed interest in the newly approved spot exchange-traded funds (ETFs…