Crypto News

A lot of stars would need to align for Paul Atkins, reportedly president-elect Donald Trump’s top candidate to chair the U.S. Securities and Exchange Commission, to take the job.It is an unattractive role for him because of the amount of work needed to turn around the bloated agency he believes was mismanaged by outgoing SEC chair Gary Gensler, a person familiar with Atkins' thinking said.Reluctance to clean up Gensler's “mess” has been shared by former Commodity Futures Trading Commission chair Chris Giancarlo, who has advocated for Atkins to take the SEC job and was once considered a candidate himself.Atkins, a former SEC commissioner, was spotted at Trump's Mar-A-Lago resort this week, one industry source said. He was scheduled to interview...

South Korea’s recent declaration of martial law has roiled global cryptocurrency markets, sending shockwaves through trading activity and triggering significant price volatility. South Korea’s Martial Law Sends Bitcoin Reeling, Stabilizes Near $95K President Yoon Suk Yeol unveiled the decision during a late-night televised announcement Tuesday, explaining that the move was aimed at addressing alleged anti-stateSource link

The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR).Despite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency investing.And that story — which began when bitcoin and ether exchange-traded funds debuted to great fanfare — might not be over. After a sixfold surge in its stock price this year, Michael Saylor's bitcoin (BTC) investment firm MicroStrategy (MSTR) looks poised to join one of the biggest exchange-traded funds around, the $312 billion Invesco QQQ ETF (QQQ).That fund tracks the Nasdaq-100 Index. Every December, Nasdaq shakes up the membership list for that benchmark, which then filters into the Invesco fund (which copies Nasdaq's decisions exactly). The Nasdaq-100, roughly...

Whales made a splash on the South Korean exchange Upbit, swooping in with significant amounts of Tether's USDT stablecoin to snap up coins at discounted prices after the declaration of martial law led to a flash crash in bitcoin (BTC) and other token prices. The large traders transferred over $163 million in USDT to Upbit within an hour of President Yoon Suuk Yeol declaring emergency martial law, according to data tracked by blockchain sleuth Lookonchain. The president accused the opposition of siding with North Korea and undermining the nation’s constitutional order. USDT, the world's leading dollar-pegged stablecoin, is commonly used for cryptocurrency purchases. The influx hints at a wave of bargain-hunting among traders. "Many whales transferred large amounts of USDT to Upbit,...

It’s been an eventful start to the week for crypto, with altcoins like XRP and Hedera extending their rallies from last week. Both coins have posted solid gains, cementing their momentum in an unpredictable market. Meanwhile, meme coins aren’t fading away – with Pepe Unchained hitting huge milestones in its presale. Could PEPU be theSource link