Crypto News

Odds are stacked that the U.S. Securities and Exchange Commission approves most of the filed crypto exchange-traded funds, including the various XRP ETFs, by their respective deadlines, according to Bloomberg Analysts James Seyffart and Eric Balchunas.“We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” Bloomberg Intelligence’s James Seyffart said in a post on X. “Engagement from the SEC is a very positive sign in our opinion.”According to the analysts, ETFs for assets like Litecoin, Solana, XRP, Dogecoin, and Cardano all now sit at or above the 90% mark.These estimates reflect growing optimism from ETF specialists following a wave of 19b-4 acknowledgements and S-1 amendment requests from the Securities and Exchange...

Circle skyrockets on stablecoin optimism while Bitcoin treasury firms face valuation challenges in this week's public markets roundup.Source link

The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining Generates Little for Local Community Norway’s government announced June 20 its intention to implement a temporary ban on the establishment of new data centers engagedSource link

What started as a positive day for crypto markets quickly reversed during the U.S. session with bitcoin BTC sliding below $103,000 from the $106,500 level just hours earlier.At press time, bitcoin had pared some of the losses, returning to $103,200, down 1.2% over the past 24 hours.Other large cryptocurrencies endured steeper declines. Ethereum's ether ETH saw a sharp 4.5% drop in just 90 minutes to as low as $2,372, with trading volume spiking to nearly 800,000 ETH, nearly eight times the average hourly volume, per CoinDesk data. Solana's SOL SOL, dogecoin DOGE and Cardano's ADA ADA were 3%-5% lower over the same period.The volatility burst caught many traders off-guard, liquidating about $450 million in derivatives trading positions on centralized exchanges...

Bitcoin and ethereum remain range-bound as traders hedge for potential downside risk, awaiting a macro catalyst, while oil and gold prices respond to Middle East tensions. Crypto Derivatives Point to Caution As Markets Brace for Macro Triggers Global markets appear to be in a holding pattern as traders digest ongoing geopolitical risks and prepare forSource link