Crypto News
Cardano Gains 2%, Shrugs Off ETF Delay
Cardano’s ADA token climbed 2% to $0.87 in the past 24 hours, echoing a broader recovery across crypto markets. The CoinDesk 20 Index (CD20), which tracks the largest digital assets, gained 2.8% over the same period.The move came as traders weighed two major developments: growing confidence in a September interest rate cut by the Federal Reserve and the U.S. Securities and Exchange Commission’s (SEC) decision to extend its review of Grayscale’s proposed spot Cardano exchange-traded fund (ETF) until late October 2025.ADA traded in a tight but volatile $0.04 band, swinging between a low of $0.83 and a high of $0.88, according to data from CoinDesk Analytics. That spread of roughly 5% reflected heightened activity. At one point, the token broke...
CFTC to Surveil Crypto, Prediction Markets Using Nasdaq Platform
The agency hopes to have a more detailed view of crypto transactions.Source link
CFTC Modernizes Surveillance With Nasdaq Technology to Monitor Derivatives and Crypto
The Commodity Futures Trading Commission (CFTC) is enhancing its market oversight by deploying Nasdaq’s advanced surveillance technology platform to monitor derivatives and digital asset markets. Advanced Nasdaq Surveillance Platform to Help CFTC Detect Market Manipulation The new system replaces the CFTC’s 1990s-era legacy infrastructure. It will provide automated alerts and cross-market analytics to help theSource link
Rex-Osprey Submits Filing to List BNB Staking ETF
Rex Shares and Osprey Funds seek to follow up their Solana staking ETF with an equivalent vehicle for BNB, which would also be introduced under the Investment Company Act.Source link
Nvidia Earnings Loom Large, With Bitcoin Traders Eyeying Correlation
The largest company in the world by market cap at $4.4 trilion, Nvidia (NVDA) reports earnings after the U.S. market close on Wednesday.Data from Bitcoindata21 on X shows that Nvidia earnings have historically correlated with a positive Bitcoin’s performance. Over the last 10 earnings reports since early 2023, when the current bull market began, bitcoin has posted positive price action following Nvidia results in 7 out of 10 instances.For the quarter, analysts expect Nvidia to report adjusted earnings per share of $1.01 on revenue of $46.2 billion.According to The Kobeissi Letter, the options market is pricing in a 6.1% post-earnings implied move in Nvidia. That translates to a potential swing of roughly $270 billion in market capitalization. It sounds large,...