Crypto News
Court Dismisses Custodia Bank’s Challenge Against Federal Reserve
In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal Reserve Bank of Kansas City (FRBKC) was legally obliged to grant its application for a master account, a critical financialSource link
Bitcoin ETFs Experience Turnaround With $859M Inflows After Previous Outflows
U.S. spot bitcoin exchange-traded funds (ETFs) have enjoyed a streak of positive inflows for four consecutive days, according to the latest figures. This rise in interest comes after a previous week that witnessed five straight days of outflows, totaling a substantial $887.6 million. After a Week of Outflows, Bitcoin ETFs Bounce Back Strong From MarchSource link
CFTC’s New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives
CFTC Commissioner Caroline D. Pham criticizes the latest enforcement action for potentially overstepping into SEC’s territory and undermining investor protection laws (Read More)Source link
Grayscale Study Pinpoints Bitcoin in Mid-Phase Bull Run, Eyes Future Growth
Amidst a vibrant resurgence in bitcoin’s value, a comprehensive analysis by Grayscale and researcher Michael Zhao sheds light on the anatomy of the current bitcoin market cycle. The study explores whether we are entrenched in a bull run, detailing the driving factors and possible implications going forward. In the Fifth Inning: Measuring Bitcoin’s Current MarketSource link
Illuvium Preview: Everything You Need to Know About the NFT Games and Airdrop
PREVIEW: Illuvium's NFT games are nearing an open beta release with an airdrop tied to the rollout. Here's what you need to know.Source link