Crypto News
Bitwise Seeks SEC Approval for Dogecoin ETF—Will Meme Coins Go Mainstream?
Bitwise aims to launch a dogecoin ETF, tracking DOGE’s price directly. Will the SEC approve it? The industry anticipates more crypto ETFs in 2025. Bitwise Files for Dogecoin ETF Amid Growing Crypto ETF Trend Bitwise Investment Advisers LLC has formally submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposedSource link
Sandboxes Are a Way Out of the Regulatory Sandstorm
Regulation by enforcement is beginning to crumble, with a court recently ruling that the SEC’s refusal to issue a crypto rule was unlawful. A new crypto-friendly administration stands ready to create crypto clarity through new appointments at the SEC and the CFTC.New acting CFTC Chair Caroline Pham has proposed an uncommon approach, namely the regulatory sandbox.A regulatory sandbox is a waiver of regulations but in a supervised environment. Projects can test innovative ideas outside rigid regulatory frameworks. Federal digital asset sandboxes may come sooner than you think, but current state sandbox models fall short in the digital assets context, with extremely limited scopes and durations.We propose a “Sustainable Sandbox” and develop Pham’s idea, along with similar proposals from SEC Commissioner...
Popular Solana and Bitcoin Wallet Phantom Adds Sui Support
Popular crypto wallet Phantom has launched support for Sui, which joins the likes of Solana, Bitcoin, and Ethereum in the app.Source link
Bitcoin Technical Analysis: BTC Balances Between Bullish Momentum and Short-Term Resistance
As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency’s market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume. Bitcoin While bitcoin‘s broader trend remains bullish, consolidation near $102,000 reflects caution among traders, with critical resistance at $104,000–$105,000 and immediateSource link
Fed Holds Rates Steady, Takes Note of Elevated Inflation
As expected, the U.S. Federal Reserve has kept its benchmark fed funds range rate steady at 4.25%-4.50%, the first pause since the central bank began easing policy last September.The accompanying policy statement noted that the unemployment rate had stabilized at a "low level" and inflation remained "somewhat elevated."Under pressure for most of this week, the price of bitcoin (BTC) dipped to $101,800 shortly following the news.Since the Fed's first September rate cut, the fed funds rate has been slashed by 100 basis points. The U.S. 10-year Treasury yield, however, has gone in the opposite direction, rising to 4.6% fro 3.6% — a divergence between short-term and long-term rates that rarely has been seen.That divergence as well as a series of...