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The USA's Bitcoin and Ethereum ETF Approval Stimulated This Country Too! Is Approval Near?
The SEC's approval of spot #Bitcoin ETFs in the #USA in January and spot Ethereum ETFs last week affected the whole world. At this point, #ETH ETF approval has increased the pressure on financial regulators in South Korea to approve similar cryptocurrency ETFs.
The US approval of ETFs has increased cryptocurrency pressure on regulators the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), local news agency Korea Times reported.
However, while the FSC and FSS abstained from approving BTC and ETF ETFs, the FSC, citing the Capital Markets Law, said that ETFs are only for real financial assets or securities.
“Under these circumstances, the SEC's decision on Ethereum on Thursday is expected to put pressure on Seoul's financial regulators to reconsider their regulations on digital assets,” said the founder of Seoul-based digital currency data and information provider Xangle.
Jung Eui-jung, president of the Korean Shareholders Alliance, said that following the US path of ETF approval and approving ETFs for Bitcoin-Ether is critical to ensure that both traditional finance and digital asset investors do not leave Korea.
“After approvals, it will only be a matter of time before the US fully opens the door to ETFs and Korea approves ETFs for at least Bitcoin and #Ethereum .”
$BTC $ETH
The SEC's approval of spot #Bitcoin ETFs in the #USA in January and spot Ethereum ETFs last week affected the whole world. At this point, #ETH ETF approval has increased the pressure on financial regulators in South Korea to approve similar cryptocurrency ETFs.
The US approval of ETFs has increased cryptocurrency pressure on regulators the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), local news agency Korea Times reported.
However, while the FSC and FSS abstained from approving BTC and ETF ETFs, the FSC, citing the Capital Markets Law, said that ETFs are only for real financial assets or securities.
“Under these circumstances, the SEC's decision on Ethereum on Thursday is expected to put pressure on Seoul's financial regulators to reconsider their regulations on digital assets,” said the founder of Seoul-based digital currency data and information provider Xangle.
Jung Eui-jung, president of the Korean Shareholders Alliance, said that following the US path of ETF approval and approving ETFs for Bitcoin-Ether is critical to ensure that both traditional finance and digital asset investors do not leave Korea.
“After approvals, it will only be a matter of time before the US fully opens the door to ETFs and Korea approves ETFs for at least Bitcoin and #Ethereum .”
$BTC $ETH
Does this Whale know something about Pepe Coin: Huge purchase from Binance in 2 days
The cryptocurrency whale has purchased $13 million worth of meme coins in the last 2 days.
According to information received by the on-chain analysis platform Lookonchain, a cryptocurrency whale purchased 982.5 billion Pepe (PEPE) worth $13.6 million over the past 2 days. Post-whale #PEPE purchase was made on May 23. The data noted that this whale received 390.5 billion PEPE worth around $5.54 million with the cryptocurrency exchange Binance.
The signals given by the #USA for the approval of the spot #Ethereum ETF have caused PEPE, which has an Ethereum base, to experience serious increases recently. It ranked 24th in the cryptocurrency market in terms of market value. PEPE, which has increased by 9% in the last 24 hours in line with CoinGecko data, started trading at $ 0.0000138 at the time of writing.
One of the early PEPE whales, the whale with the wallet address “0x647”, recently invested 250 billion PEPE worth $ 2.69 million in Binance, a cryptocurrency exchange. This whale made a profit of around $4.8 million from PEPE and currently still has 42.4 billion #PEPE worth $424 thousand. According to CoinGecko data, PEPE, which has increased by 9% in the last 24 hours, is traded at $ 0.0000138 at the time of writing.
$BTC $PEPE
The cryptocurrency whale has purchased $13 million worth of meme coins in the last 2 days.
According to information received by the on-chain analysis platform Lookonchain, a cryptocurrency whale purchased 982.5 billion Pepe (PEPE) worth $13.6 million over the past 2 days. Post-whale #PEPE purchase was made on May 23. The data noted that this whale received 390.5 billion PEPE worth around $5.54 million with the cryptocurrency exchange Binance.
The signals given by the #USA for the approval of the spot #Ethereum ETF have caused PEPE, which has an Ethereum base, to experience serious increases recently. It ranked 24th in the cryptocurrency market in terms of market value. PEPE, which has increased by 9% in the last 24 hours in line with CoinGecko data, started trading at $ 0.0000138 at the time of writing.
One of the early PEPE whales, the whale with the wallet address “0x647”, recently invested 250 billion PEPE worth $ 2.69 million in Binance, a cryptocurrency exchange. This whale made a profit of around $4.8 million from PEPE and currently still has 42.4 billion #PEPE worth $424 thousand. According to CoinGecko data, PEPE, which has increased by 9% in the last 24 hours, is traded at $ 0.0000138 at the time of writing.
$BTC $PEPE
🟢 18 million Americans in crypto🟢
⚡️ Almost 18 million Americans reported owning or using crypto in the past year - Fed's annual household survey
#USA
#pizzaday #ETHETFS #PEPE $BTC #BinanceLaunchpool
⚡️ Almost 18 million Americans reported owning or using crypto in the past year - Fed's annual household survey
#USA
#pizzaday #ETHETFS #PEPE $BTC #BinanceLaunchpool
🔥 🔥 🔥 🔥
1. **Big Prediction** 🧙♂️: Arthur Hayes, the crypto wizard behind BitMEX, has his crystal ball out and sees a huge wave coming for Bitcoin. He's talking about a tsunami of growth that could shoot Bitcoin's value to a jaw-dropping $1 million! 📈💰
2. **Currency Swap Magic** ✨: There's a spell being cast in the form of a US-Japan currency swap agreement. If this enchantment works, it could be the secret sauce that supercharges the crypto market. 🌊🔮
3. **Eyes on the Prize** 👀: For all you treasure hunters out there, keep your maps open and your spyglasses trained on the US dollar to yen exchange rate. This could be where 'X' marks the spot for some serious crypto action. 🗺️💎
4. **Rollercoaster Ride** 🎢: Remember, the crypto world is like the wildest ride in the amusement park. It's thrilling, unpredictable, and not for the faint of heart. So buckle up, do your homework, and enjoy the ride! 📚🎉
Always remember, though, these predictions are like reading tea leaves – sometimes they give you a glimpse of the future, and other times, it's just leaves in your cup. So take it with a grain of salt and never bet the farm on a fortune teller's hunch. 🍃🔮
#bitcoin #Binance #ETF #Japan #USA
1. **Big Prediction** 🧙♂️: Arthur Hayes, the crypto wizard behind BitMEX, has his crystal ball out and sees a huge wave coming for Bitcoin. He's talking about a tsunami of growth that could shoot Bitcoin's value to a jaw-dropping $1 million! 📈💰
2. **Currency Swap Magic** ✨: There's a spell being cast in the form of a US-Japan currency swap agreement. If this enchantment works, it could be the secret sauce that supercharges the crypto market. 🌊🔮
3. **Eyes on the Prize** 👀: For all you treasure hunters out there, keep your maps open and your spyglasses trained on the US dollar to yen exchange rate. This could be where 'X' marks the spot for some serious crypto action. 🗺️💎
4. **Rollercoaster Ride** 🎢: Remember, the crypto world is like the wildest ride in the amusement park. It's thrilling, unpredictable, and not for the faint of heart. So buckle up, do your homework, and enjoy the ride! 📚🎉
Always remember, though, these predictions are like reading tea leaves – sometimes they give you a glimpse of the future, and other times, it's just leaves in your cup. So take it with a grain of salt and never bet the farm on a fortune teller's hunch. 🍃🔮
#bitcoin #Binance #ETF #Japan #USA
Famous CEO Speaks: Fed and US Government Can Ignite BTC! How Many Dollars is 1 Bitcoin?
Galaxy Digital's CEO Mike Novogratz, who does not refrain from commenting on cryptocurrencies, warned that it is not possible for Bitcoin (BTC) to reach its all-time high (ATH) unless there is a change in macro conditions. Making new statements in Galaxy's podcast, the famous billionaire states that Bitcoin will probably move horizontally until interest rate cuts are made by the Fed, and then the rise for #BTC may begin.
There's a resurgence of 'Oh my God, the economy is slowing down' narrative, which will help. Unless the Fed acts or makes a major regulatory breakthrough, I don't think Bitcoin will hit its previous high of $73,000. These are both probably low delta.
I think we're in the $55,000 to $75,000 range. That's a pretty wide range. Probably closer to $57,000 to $73,000. We've probably identified the low and the high. I believe the next move will be up because I think we're getting closer to the election and Federal Reserve Chairman Jerome Powell will want to lower interest rates.
Novogratz emphasizes that another factor that could trigger the rise in Bitcoin could be the US federal government's spending and the increasing amount of debt. He expresses the opinion that this situation in the #USA may push more people to invest in BTC as "digital gold".
I'm talking about two things right now: crypto regulation and debt. And these contradict each other. If we had an administration like Biden or Trump addressing 26% of the federal budget, which should be 20% of GDP, that would not be good for Bitcoin.
It's great for my net worth that there are truly terrible policymakers, wasteful spenders, and populists in Washington. This is just the story of Bitcoin. Bitcoin is rising for the same reason that gold is rising. It's rising faster because we're a newer technology, a newer commodity, and so the adoption cycle happens faster.
$BTC $ETH $BNB
Galaxy Digital's CEO Mike Novogratz, who does not refrain from commenting on cryptocurrencies, warned that it is not possible for Bitcoin (BTC) to reach its all-time high (ATH) unless there is a change in macro conditions. Making new statements in Galaxy's podcast, the famous billionaire states that Bitcoin will probably move horizontally until interest rate cuts are made by the Fed, and then the rise for #BTC may begin.
There's a resurgence of 'Oh my God, the economy is slowing down' narrative, which will help. Unless the Fed acts or makes a major regulatory breakthrough, I don't think Bitcoin will hit its previous high of $73,000. These are both probably low delta.
I think we're in the $55,000 to $75,000 range. That's a pretty wide range. Probably closer to $57,000 to $73,000. We've probably identified the low and the high. I believe the next move will be up because I think we're getting closer to the election and Federal Reserve Chairman Jerome Powell will want to lower interest rates.
Novogratz emphasizes that another factor that could trigger the rise in Bitcoin could be the US federal government's spending and the increasing amount of debt. He expresses the opinion that this situation in the #USA may push more people to invest in BTC as "digital gold".
I'm talking about two things right now: crypto regulation and debt. And these contradict each other. If we had an administration like Biden or Trump addressing 26% of the federal budget, which should be 20% of GDP, that would not be good for Bitcoin.
It's great for my net worth that there are truly terrible policymakers, wasteful spenders, and populists in Washington. This is just the story of Bitcoin. Bitcoin is rising for the same reason that gold is rising. It's rising faster because we're a newer technology, a newer commodity, and so the adoption cycle happens faster.
$BTC $ETH $BNB
IMF warns countries not to adopt cryptocurrencies as legal tender after fresh warning from US regulators
#IMF #USA #Regulation #crypto2023 #dyor
#IMF #USA #Regulation #crypto2023 #dyor
WSJ: Inflation strengthened and Americans' spending and income rose in January, which could prompt the Federal Reserve to raise interest rates higher than previously expected this year to ease price pressures.
#inflation #BTC #BNB #zero2hero #USA
#inflation #BTC #BNB #zero2hero #USA
Treasury Secretary says US has no plans to ban crypto but will implement "strong regulatory framework.
#crypto2023 #USA #cryptotrading
#crypto2023 #USA #cryptotrading
More than 130 #USA banks are currently actively involved in #cryptocurrency .
According to FDIC data, as of January 2023, the FDIC was aware that 136 insured banks had ongoing or planned #cryptoassets related activities. Banks also offer account deposit services custody.
#Build
According to FDIC data, as of January 2023, the FDIC was aware that 136 insured banks had ongoing or planned #cryptoassets related activities. Banks also offer account deposit services custody.
#Build
🔴ALERT🔴
#USA GDP and JOBLESS claims data will be Announce Today After 2 Hours 30 Mins.
#BTC #dyor #crypto2023
#USA GDP and JOBLESS claims data will be Announce Today After 2 Hours 30 Mins.
#BTC #dyor #crypto2023
U.S. Congressman introduces bill to block CDBC roll out.
#USA #cbdc #digitalcurrency #Stablecoins #BTC
#USA #cbdc #digitalcurrency #Stablecoins #BTC
