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Also Read: Biden Administration Under Pressure To Implement Crypto Rules: WSJ advertisement Several asset managers including Blackrock, Citadel, Valkyrie and Fidelity are vying for the first ever spot Bitcoin approval while Grayscale is fighting it out in the court against the SEC for conversion of Grayscale Bitcoin Trust (GBTC) into a spot ETF. This makes it interesting as to which application would first be given the nod. Blackrock Favorite To Get ETF Approval First? The analysts cited the recent comment by SEC Chair on the significance of collective decision of all the agency commissioners as a reason for increased optimism on ETF approval. Other reasons include the SEC’s nod to trading of Bitcoin but not altcoins and the Blackrock filing. Meanwhile, John Deaton, the lawyer representing XRP token holders in the Ripple Vs SEC lawsuit, agreed with the analyst prediction that a Grayscale win in the GBTC case was coming. “Fairly applying the...

Also Read: Biggest BLUR Airdrop Whale Starts Selling, Potential Dump Ahead? advertisement Musk had already disrupted the electric cars space with Tesla and on path to make similar impact in other industries like space and social media. Yet, he had been a pure business leader all through and never a political figure. However, he would face a major hurdle when it comes to running for President, but there is a solution to it, according to Balaji Srinivasan, the former CTO of crypto exchange Coinbase. What Could Stand In Way Of Elon Musk Running For President Musk’s place of birth is not the United States and the existing laws do not allow naturalized immigrants to become president. Hence, Srinivasan suggests that Musk should run for President while bringing in a constitutional amendment to allow naturalized immigrants to become president. Given the massive popularity he enjoys across the country, the amendment could gain significant support. Overall, El...

Also Read: Terra Classic Biggest v2.1.1 Parity Upgrade Goes Live, LUNC Price Rally 8% advertisement Bitcoin Price Reaction To Fed Decision The Bitcoin price maintained sideways momentum in its initial reaction to the rate hike pause. However, the hints of possible rate hikes later in the year may result in a pump and dump scenario for Bitcoin . Earlier, CoinGape reported that traders will be keenly looking at the Fed’s message around possibility of rate hikes in the next meeting in FOMC. It was said that the market price movements could be decided by how the US central bank forecasts about its upcoming decisions. However, a majority of the US Fed officials see possibility of rate cuts in 2024. Meanwhile, the S&P 500 Index took a sharp fall of 0.45% following the FOMC decision, whereas the Nasdaq Composite Index fell 0.52%. Also Read: Binance Looks To Deregister As Crypto Service Provider In Cyprus Recommended Articles ...

Also Read: XRP Lawsuit: Is Settlement Still In Scenario As Summary Judgment Closes In? advertisement OPNX Management Reprimanded According to a Bloomberg report, the authorities issued the notice over operating and promoting OPNX without possessing the license from Dubai authorities. The report quoted the officials as saying OPNX will continue to be probed for assessing corrective measures. This development comes at a crucial juncture when the United States administration is facing flak for growing a bad reputed for highly restrictive Crypto Market environment. However, Dubai is one of the top crypto destinations outside the US, with many top crypto businesses setting up shop. Meanwhile, Leslie Lamb, one of OPNX cofounders, said the crypto exchange did not violate any local laws, and that there were no UAE based customer registrations. “The firm hasn’t done any marketing targeting Dubai or the wider UAE,” she said in a statement....