During this cycle, there has only been one major panic sell-off in September 2023; the rest of the time, holders have been making more profits than losses.
The United States SEC has accepted the Canary Litecoin ETF application, a proposal submitted by Nasdaq.
Thus, the regulatory agency begins a regulatory process and opens a 21-day period for investors and other participants in the cryptocurrency market to submit public comments on the subject.
According to Bloomberg analyst Eric Balchunas, this is the most advanced proposal ever submitted for an ETF based on an alternative cryptocurrency to Bitcoin.
The regulatory body will evaluate several factors before making a decision, with emphasis on market risks, investor protections and compliance requirements.
Now, the expectation revolves around the time needed for the SEC to make a decision. The evaluation process can last up to 240 days, but there is a chance of a position being taken before that, given the changes in the agency's leadership.
CME Group has announced the introduction of $BTC futures options on Fridays, scheduled to launch on February 24, 2025, pending regulatory approval. The contracts will be cash-settled, meaning traders will not need to “physically” acquire BTC, and will be able to trade the value of the cryptocurrency directly. These futures options are CME Group’s first cash-settled crypto offering. Giovanni Vicioso, global head of crypto products at the derivatives exchange, commented on the advantages of the new contract, highlighting that it will allow clients to better control the short-term risk of bitcoin.
According to data from Flipside, transaction fees on the Avalanche blockchain have decreased by an average of 75% since the time of the update on December 16.$AVAX
Aave founder responded to discussion raised by CEO Nansen that “AAVE DAO should buy Ethereum Foundation: That’s an interesting idea, why not? To this end, AAVE will create a special Ethereum Foundation market using GHO $ETH $AAVE