🚀 Blockchain.com is gearing up for a potential IPO by bringing in top talent! The crypto exchange has appointed Justin Evans, ex-Goldman Sachs, as CFO, and Mike Wilcox, former CFO of Velocity Global, as COO. This move aligns with other crypto firms like Circle and Kraken eyeing public listings.
- Institutional interest is rising, with giants like BlackRock and Fidelity launching crypto ETFs.
- The SEC's balanced stance on digital assets could pave the way for more IPOs.
What do you think about crypto firms going public? Share your thoughts in the comments!
$JUV is experiencing heavy selling pressure, currently trading at $1.712, down 22.60% in the last 24 hours. The price has plummeted from a high of $2.624, testing a new low of $1.699, signaling a strong downtrend. The 7-day MA at $1.768 and the 25-day MA at $1.782 are acting as immediate resistance, keeping bearish momentum intact. If the price fails to hold above $1.699, a further drop toward $1.629 is likely. However, if buyers push back, a rebound toward $1.763 could be possible. The order book shows 77.75% buy-side interest, indicating potential support, but caution is advised as volatility remains high.
#BinanceAlphaAlert #MarketLiquidation #XRPBullishOrBearish? #BNBChainMeme
{spot}(JUVUSDT)
$ARKM The chart shows that the price has been consolidating within a falling wedge pattern for some time. Typically, this formation signals a potential breakout to the upside if confirmed.
Currently, the key support level appears to be around 0.65, and if it breaks down, selling pressure could increase. On the upside, the first resistance zone is in the 0.80 – 1.00 range, and a strong breakout above this level could push the price toward 1.20.
However, since the downtrend hasn’t been fully invalidated yet, it’s crucial to monitor trading volume and overall market sentiment closely. If support levels fail to hold, further downside movement could still be on the table.
#BNBRiseContinues #CZBroccoliMeme
{spot}(ARKMUSDT)
The New York Stock Exchange (NYSE) has requested that the US SEC allow staking services on the Grayscale #Ethereum ETFs.
In a Friday filing, the market operator submitted a 19b-4 application to the US Securities and Exchange Commission (SEC) requesting a rule change. The NYSE seeks to amend the provisions of the pre-approved Grayscale Ethereum ETFs to include staking services.
Staking services involve locking up an underlying asset—in this case, Ethereum—to become a validator and contribute to the stability and security of a network. In return, the staked tokens yield passive rewards to participants.
Grayscale ETFs Eyes Staking Services
If approved, the rule change would provide additional rewards for holders of the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust. Notably, the average staking reward for Ethereum ranges between 3% and 4% APY.
The filing insists that the proposal does not contravene any existing securities law. The exchange noted that the intended staking model differs from delegated staking or staking as a service, which the US SEC currently classifies as a security.
Notably, the securities regulator, under Gary Gensler, suggested that staking activities on the Ethereum network constitutes unregistered securities. Although the agency approved applications for an Ethereum spot ETF last year, it mandated issuers not to stake their Ether stash, citing federal securities law.
Bloomberg ETF analyst James Seyffart suggested that the US SEC will decide on the proposed rule change by the fourth quarter of the year.
4Q 2025 potentially. Lotta moving parts with this one.
— James Seyffart (@JSeyff) February 14, 2025
🚀 Crypto Boom Alert! January saw a record 600,000 new tokens minted, a 12x increase from 2022-2023 levels, thanks to platforms like Pump.fun and SunPump. While this democratizes token creation, it raises concerns about market sustainability and liquidity fragmentation. 🤔
- Meme coins surge, but at what cost? Critics warn of scams and market dilution.
- Blockchain networks like Solana face congestion issues.
- Regulatory scrutiny looms as scams rise.
What do you think about the token explosion? Share your thoughts in the comments!
Polymarket's prediction market saga unfolds with dramatic shifts: a 78% drop in open interest since Nov. 2024, yet still soaring 1,200% above previous years. Speculation is buzzing around Trump's early gambits, AGI bets, and global trade tensions. 📉🚀
• 78% decline from peak open interest
• 1,200% higher than pre-2024 levels
• Hot bets on Trump, AGI, and trade disputes
$SUI is facing a strong downtrend, currently trading at $3.4261, down 5.09% in the last 24 hours. The price has recently tested a low of $3.4147, with weak buying momentum failing to reclaim higher levels. The 7-day MA at $3.4498 and the 25-day MA at $3.4608 are acting as immediate resistance, reinforcing the bearish pressure. A further decline below $3.4147 could open the door for a drop toward $3.4063 or lower. However, if buyers step in, a rebound toward $3.4795 could be possible. The order book shows 55.28% sell pressure, indicating a cautious approach for traders as downside risks remain high.
#PPIShockwave #BinanceAlphaAlert #TraderProfile #MarketLiquidation #CZBroccoliMeme
{spot}(SUIUSDT)
The U.S. SEC has recognized another #XRP ETF filing, bringing the product one step closer to approval.
On Friday, the regulatory agency acknowledged the XRP ETF application from asset manager 21Shares. This comes just a day after it recognized Grayscale’s XRP ETF application.
This development has sparked significant excitement within the XRP community, as many see it as a sign that approval is imminent. With the latest acknowledgment, the SEC still has three other Form 19b-4 XRP ETF applications to consider.
Notably, Cboe BZX Exchange filed 19b-4 forms for the XRP ETFs of Bitwise, Canary, 21Shares, and WisdomTree seven days ago. Since the SEC has now acknowledged one of these filings, the crypto community may see similar recognition for the other three next week.
What’s Next for XRP ETFs?
Notably, the SEC’s acknowledgment of the XRP ETFs from Grayscale and 21Shares does not equate to automatic approval, nor does it guarantee that the SEC will approve them in the future.
Nevertheless, this development is significant because it signals the SEC’s willingness to consider these products rather than outright rejecting them. Recall that in December, exchanges withdrew their Solana 19b-4 applications after the Gary Gensler-led SEC indicated it would not engage with them.
Under the Mark Uyeda-led SEC, this new acknowledgment essentially gives the XRP ETFs a shot at approval. This opens the path for them to compete with existing Bitcoin and Ethereum products.
Following the SEC’s acknowledgment, a 240-day window—roughly eight months—now begins. Specifically, the 240-day timeline for a decision on the Grayscale and 21Shares XRP ETFs will start once the filings are posted to the Federal Register, which is expected to happen in the next few days, according to FOX Business correspondent Eleanor Terrett.
Essentially, the XRP community could be looking out for a decision on XRP ETFs in the last quarter of the year.
XRP Price Reacts :
XRP jumps 8% to $2.76 today, boosting its weekly gain to 17%.
#CryptoNewsCommunity