Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13.99% in the last 24 hours, according to data from CoinMarketCap. 

Following the ETCs dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April.

ETCs Price Action In June

Ethereum Classic has found a place among the headlines in the last two weeks following its initial bearish form at the start of June.  ETC began the month trading around $18.01 before experiencing a nosedive which saw the token trade as low as $13.99 on June 10.

Related Reading: Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here?

Thereafter, ETC would rise to $15.03 and hover around this price region for the next few days before embarking on a bullish run that to gain by 28.60% between June 20 and June 24, hitting the price resistance level at $19.33. 

The following days would then present a mixed price action before ETC finally retraced to its key support level at $17.64 on June 29. After retesting at this price zone, ETCs price has resumed its uptrend, climbing higher since then.

Ethereum Classic (ETC) remains one of the major projects in the cryptocurrency space. Launched in July 2016, Ethereum Classic is a hard fork of Ethereum created to preserve the purpose and integrity of the original Ethereum network. 

At the time of writing, ETC is exchanging hands at  $20.90, with a 1.51% gain in the last hour. The tokens 24-hour trading volume is currently valued at $482 million, having also gone up by 208.92%.

ETC Price Analysis And Prediction

Looking at the ETCs hourly chart, its Moving Average Convergence Divergence (MACD) remains well above the signal line indicating the tokens bullish run may still be on. 

However, its Relative Strength Index (RSI) is currently in the overbought zone at 89.71, meaning a selling pressure may soon occur, which may drive down the tokens price.

Related Reading: Ethereum Continues Uptrend As Staked ETH Soars To New High

According to the prediction site, WalletInvestor, if the bulls manage to sustain buying pressure, ETCs price would experience only a small rise reaching the ma...

In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not "sufficiently clear and comprehensive."

Polar Bears Underwater (Eva Blue/Unsplash)

Sabre56, a leading hosting provider and Bitcoin and digital asset mining consultancy, has signed a consultancy deal with Arkon Energy for the management of Arkon's recently acquired data center in Hannibal, Ohio. Sabre56 will oversee logistics, equipment sourcing and procurement, design planning and overall cost management of the data center.

Phil Harvey, CEO of Sabre56, expressed pride in the deepening strategic partnership with Arkon Energy, stating, "It is an honor to collaborate on the company's first U.S data center." He also mentioned the sustained demand for their delivery services and their continued consultation with other market leaders constructing their facilities.

Arkon Energy's CEO, Joshua Payne, shared his enthusiasm for securing their first data center in the United States and expressed confidence in their consulting partner, Sabre56. Payne stated, "Hannibal, Ohio, will only be the first of several acquisitions as Arkon Energy is building out its U.S. footprint."

This collaboration builds upon the two companies successful history of project cooperation, including Sabre56's involvement in procuring a Norwegian facility later purchased by Arkon Energy.

The deal comes at a time of growing optimism in the crypto environment, with asset managers like BlackRock aggressively seeking market share. In May, Sabre56's newly constructed facility in Wyoming attracted GEM Mining, which reserved space for 4,510 miners, highlighting the company's reputation for cutting-edge hosting sites.

Bitcoin ETF applications need refiling, the SEC says, but as BTC price dips to $29,500, markets instantly fear that the fight is over.

Celsius filed for bankruptcy in July 2022 (Mustang Joe/Flickr)

Explore the IMFs objectives, governance structure and key functions in promoting global financial stability.

The Securities and Exchange Commission (SEC) has raised concerns over the recent surge of applications for spot bitcoin exchange-traded funds (ETFs), stating that the filings are lacking clarity and comprehensive information, according to a report by the Wall Street Journal.

A variety of firms have submitted the applications such as BlackRock and Fidelity Investments.

Following BlackRock's lead, a wave of traditional and crypto asset managers, including Fidelity Investments, Ark Investment Management, Invesco, WisdomTree, Bitwise Asset Management, and Valkyrie, have reactivated or amended their applications for spot bitcoin ETFs in recent days. The approval of such an ETF would mark a significant milestone for the industry, providing broader institutional access to bitcoin and allowing investors to trade bitcoin as easily as stocks, albeit at the loss of some of bitcoins properties.

Experts predicted BlackRock's application would address the SEC's concerns through an agreement to share surveillance of a spot bitcoin-trading platform with Nasdaq, the proposed ETF's listing exchange.

Nevertheless, the SEC informed the exchanges that the filings lacked key details, such as the precise surveillance-sharing agreement that would be implemented. A spokesperson for Cboe told the Wall Street Journal that they plan to update and refile the application.

The SEC's critique has once again highlighted the regulatory challenges surrounding the launch of spot bitcoin ETFs. Market participants await updates from the asset managers and exchanges to address the concerns raised by the SEC. As the industry eagerly anticipates the potential approval of a spot bitcoin ETF, stakeholders hope that the revised filings will provide the clarity and comprehensive information necessary to gain regulatory acceptance.

Decentralized solutions can make academic research more secure and more accessible.

Prometheum founder and co-CEO Aaron Kaplan (CoinDesk)

<p>Institutional investors are paying more attention to cryptocurrencies and digital assets. According to a recent survey report by Binance Research and Binance VIP & Institutional, 88% of institutional users have a long-term, optimistic outlook on crypto for the next decade.

The crypto market is known for its high volatility, but the majority of big-money players see crypto as an important part of their portfolio for years to come.

Institutional Interest In Crypto Assets Is Growing

The Institutional Crypto Outlook Survey, which surveyed 208 Binance VIP and Institutional users from 31st March to 15th May 2023, found out that a growing number of institutional crypto investors are in it for the long haul. According to the survey, 63.5% of these users had a positive outlook on digital assets over the next 12 months, while 88% are more positive over the next decade.

Of the respondents, 50% expect to increase their crypto asset exposure over the next five years. Only 4.3% said they plan to decrease exposure. That signals a lot of confidence and optimism about the future growth and mainstream adoption of cryptocurrencies.

Bitcoin remains Most Popular Crypto Asset Among Institutions

Bitcoin remains the most popular choice among institutional investors, with a larger proportion of respondents more positive about Bitcoin as compared to the broader crypto sector. This is not surprising given that Bitcoin is the largest crypto by market cap and the most established. Bitcoin is seen as the digital gold of the crypto world and a store of value and hedge against inflation.</p> <p><img alt="Bitcoin price chart from TradingView.com (Crypto)" class="aligncenter" height="1724" src= "https://www.tradingview.com/x/r9xkCXXs/" width="2884"></p> <p>42.8% of investors are more interested in the potential for large investment returns. However, 37.5% are more motivated by the long-term exposure to the technology behind digital assets, with 48.1% and 43.8% of respondents investing in Layer 1 and Layer 2 technologies respectively.</p> Institutional Trade Still Mostly Done On Centralized Exchanges <p>Centralized exchanges remain the most popular platform for institutional trading. While many crypto investors advocate for decentralized exchanges on the rise, centralized exchanges like Binance offer a one-stop shop for institutional traders to easily buy, sell and convert a wide range of cryptocurrencies. The survey found that 90.5% of institutional investors would rather trade on centralized exchanges.</p> <p>While some institutional investors remain skeptical about cryptocurrency, its clear that mainstream interest in this asset class is building steadily. If institutional adoption continues to rise, its likely to drive broader mainstream acceptance of c...&...

(Getty Images)

Kevin De Bruyne of Manchester City (Marvin Ibo Guengoer - GES Sportfoto/Getty Images)

Eric Adams (NYC Gov) and John Lee (Creative Commons)

Snoop Doggs NFT passport is a blueprint for concert merch of the future, Sothebys NFT VP says The Goose drew Millennials to auction house.

Have the worlds largest financial firms finally seen the light with Bitcoin? Will demand outstrip supply, making a BTC price rise inevitable?

By conquering these hurdles, we can help kickstart mass adoption while still maintaining the original decentralized spirit of Web3.

The ZK-focused community conference zkDay Paris kicks off on July 19 during EthCC after a successful event in Denver.

Litecoin has observed a sharp increase of around 18% during the past day as the much-anticipated halving is just over a month away now.

Litecoin Outperforms Market With A Strong 18% Surge

Like most of the wider cryptocurrency market, LTC had enjoyed a sharp rally a week or so back, which had taken its price above the $90 mark. Unlike coins like Bitcoin, however, the asset had failed to maintain at these post-surge levels, as it slid off during the days that followed, until eventually bottoming out at the low $80 level.

In the past day, however, tides seem to have rapidly shifted for Litecoin, as the asset is now trading above $101 after registering a sharp growth of 18% during the last 24 hours. The below chart shows how the cryptocurrency has performed recently.

As you can see in the graph, Litecoin was around the $81 level only a couple of days back. This latest turnaround for the asset has meant that it has now surpassed the high registered around the start of the month.

In terms of daily returns, LTC has outperformed almost all the top 20 cryptocurrencies by market cap; Bitcoin Cash (BCH) is the only exception with its whopping 26% gains in the same period.

As analyst Tony The Bull pointed out on Twitter, Litecoin formed a golden cross just before this surge, as its 50-day moving average (MA) has crossed over its 200-day MA.

2020 it is#Litecoin has golden crossed, days after a death cross

Does the rest of history repeat? https://t.co/sGlMhgKE0R pic.twitter.com/CRSaqHSbGt

Tony The Bull (@tonythebullBTC) June 30, 2023

Interestingly, only a few days ago, the same MAs had also formed a cross of the opposite type: the death cross. The bullish cross canceling this bearish one out merely days later is a pattern similar to the one seen back in 2020, which preceded the bull run.

LTC Only Has 34 Days To Go For The Next Halving

Litecoin also has a strong bullish narrative coming up in the form...

So, if you still havent jumped on the chatbot bandwagon, it could be high time you consider exploring the possibilities.

Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, but holding and selling remains available until mid-September.

Fidelity Investments sign (Jonathan Weiss/Shutterstock)

What do thought leaders at the worlds largest Bitcoin conferences make of Bitcoin in 2023? This weeks Decentralize with Cointelegraph podcast focuses on Bitcoin 2023 in Miami and BTC Prague.

Citigroup reviews Metaco partnership (Miquel Parera/Unsplash)

The Ethereum network is currently witnessing a surge in interest following the recent Shanghai upgrade, which has expanded the options for holders of Ethereum (ETH). This has resulted in an uptick in the number of people staking their ETH in beacon deposit contracts, an indication of the growing confidence in the Ethereum blockchain since the upgrade.

Since the Shanghai upgrade, the quantity of staked ETH has been increasing at a swift pace. This growth recently hit a peak, breaking previous records and suggesting that Ethereums transition to proof-of-stake (PoS) has been received positively by the market.

New Era For Ethereum

The amount of Ethereum staked has now hit an all-time high (ATH), surpassing 25.8 million ETH, equivalent to a value of over $48 billion, according to the latest data shared by blockchain and crypto industry analytics platform, CryptoRank.

This development has caused quite a stir in the crypto community and provides insight into the evolving dynamics of the Ethereum blockchain. Just a month earlier, in late May, the Ethereum deposit contract balance had crossed the $40 billion mark.

This upward movement underscores the effectiveness of the new features introduced during Ethereums transition from the proof-of-work (PoW) to the PoS consensus mechanism after the Merge upgrade.

Furthermore, the impact of the Shanghai upgrade on the Ethereum ecosystem has been profound. The surge in the Ethereum sta...

This is an opinion editorial by Lee Bratcher, the president of the Texas Blockchain Council, and Mark Shut, the director of administrative affairs at the Texas Blockchain Council.

Senator Elizabeth Warren has expressed concerns regarding the use of cryptocurrencies in illicit activities, specifically in relation to the fentanyl and opioid crisis in the United States. In a recent hearing at the Senate Banking Committee, she cited a report from blockchain analytics firm Elliptic, indicating that digital currencies, particularly bitcoin, are being used to fund the fentanyl trade in China. But this is a clear obfuscation of the facts and a willful disregard for concepts in logic.

Let's put this into perspective: Any technology can be used for good or ill but we do have a responsibility to address and mitigate any potential misuse. The proportion of illicit transactions in digital assets is actually quite small compared to the overall transaction volumes.

According to Chainalysis, illicit transactions made up only 0.15% of all cryptocurrency transactions in 2021, down from 0.62% in 2020. In comparison, according to the UN, it is estimated that annual money laundering amounts to 2% to 5% of global GDP. Furthermore, the Chainalysis report argues that the transparency of blockchain technology allows for better analysis and tracking of illicit activity compared to traditional financial systems.

So, while we should certainly aim to reduce the amount of illicit activity being fueled by cryptocurrencies, it's crucial to remember that illicit activities are not unique to cryptocurrencies. Consider this quote written in a report by former CIA Acting Director Michael Morell:

The broad generalizations about the use of Bitcoin in illicit finance are significantly overstated. The blockchain ledger on which Bitcoin transactions are recorded is an underutilized forensic tool that can be used more widely by law enforcement and the intelligence community to identify and disrupt illicit activities. Put simply, blockchain analysis is a highly effective crime fighting and intelligence gathering tool.

We respect Senator Warrens office and her commitment to public safety, but we must also speak truth to power, especially when powerful elected officials manipulate statistics for a political agenda. The suggestion that bitcoin and cryptocurrencies are...

As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too-strict regulations.

The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

After receiving 50 submissions as part of a consultation process, the Reserve Bank of New Zealand (RBNZ) has said it won't propose a regulatory approach towards stablecoins and crypto-assets.

Coinbase Chief Legal Officer Paul Grewal (CoinDesk)

Bitcoin price. (CoinDesk/Highcharts.com)

The recent downturn in the XRP market has not deterred large-scale investors, often referred to as whales. Amid a 12% drop in XRPs price between June 22 and June 28, they instead saw an opportunity rather than a setback, amassing 360 million XRP worth approximately $170 million. This significant investment demonstrates the high-stake moves that define the crypto markets.

While such large-scale purchases are not unusual in the volatile world of cryptocurrencies, this particular accumulation of XRP seems to suggest a confident long-term outlook on the asset by these whales, despite the current bearish trend.

#Ripple whales bought the dip!

While the price of #XRP dropped 12% from June 22 to June 28, whales bought 360 million $XRP worth nearly $170 million. pic.twitter.com/QI0m45cIio

Ali (@ali_charts) June 29, 2023

XRP Whale Movements Amid Market Fluctuations

On June 22, XRPs price hit a weekly high of $0.52. But this peak didnt last long. The subsequent reversal led to a drop, triggering increased profit-taking as many felt the asset was overvalued.

Related Reading: Ripple (XRP) Is A Must-Hold For The Next Bull Run, Says Bitcoin Maxi

Consequently, XRP has been on a downward slope, breaking key support levels, and presently trades below the earlier $0.5 mark. This puts the assets decline at around 4.3% for the past week.

However, the picture is not all gloom and doom. The market capitalization of XRP sits at $24.8 billion, making it the fourth-largest cryptocurrency by market cap. This ranking comes even amid the notable downward pressure.

Despite the past weeks bearish trend, the last 24 hours have shown some signs of recovery for XRP. The token has experienced a slight uptick, gaining 2.1% in price. This positive movem...

South Koreas crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading.

Arbitrum (ARB)s gains have been tempered by various challenges, hindering its further upswing. The declining inflows of stablecoins on the Arbitrum network have raised concerns among investors and enthusiasts alike, as it signals potential obstacles for the growth and development of the decentralized finance (DeFi) sector. 

As a Layer-2 scaling solution for Ethereum, Arbitrum initially garnered significant attention and saw impressive gains, but recent hurdles have dampened the optimism surrounding its future prospects. 

While the decline in stablecoin inflows is a cause for worry, there are potential avenues for growth that could help revive Arbitrums momentum. 

Resilient Growth Amidst Volatility: ARB Performance

Despite facing market volatility, both the Arbitrum protocol and its native token, ARB, have demonstrated remarkable growth. CoinGecko reports ARBs current price at $1.14, showcasing a 0.9% rally over the past 24 hours and an encouraging seven-day gain of 3.3%.

However, a recent ARB report highlights a notable decline in stablecoin inflows on the Arbitrum platform, raising concerns about its potential impact on the protocols growth trajectory.

The decrease in stablecoin inflows may also impact the protocols overall liquidity. Less stablecoins entering circulation may reduce liquidity in the market.

Such a decline could also indicate a waning demand for stablecoin-based activities within the protocol, potentially aff...

Binance's own institutional clients are positive on the outlook of crypto (Binance)

The Bitcoin and crypto market eagerly observed the expiry of the quarterly BTC and ETH options today (at 8:00 am UTC / 4:00 am EST). It was the second largest in history with a volume of 159,000 BTC options and 1.25 million ETH options with a total value of almost $7 billion.

The market was expecting a sharp increase in volatility, but it failed to materialize. In the run-up, the BTC price briefly spiked as high as $31,300 before seeing a pullback towards $30,700. The event has thus pretty much become a nothing burger.

Options analysts at Greeks.Live confirmed a few minutes ago that the quarterly expiration has been completed, with more BTC block calls being traded in the last few days, mainly to close and roll positions at the end of the quarter, with ETH being mainly in the order book, adding:

With the quarterly expiry, the market has seen a release of positions that have built up in recent months, and options could see a larger shift if the market supports it in July.

Although volatility levels have risen this month and market makers are happy to actively buy positions, the downward trend in major term IV is very much in evidence amidst the strong selling pressure from quarterly delivery.

Whats Next For Bitcoin?

Todays daily close could become extremely important for the Bitcoin price. Today is month-end, quarter-end and the Personal Consumption Expenditure (PCE) price index, the US Federal Reserves preferred inflation gauge, will be released at 8:30 am EST (12:30 pm CET). On Tuesday, the U.S. market is closed for the Fourth of July, Independence Day.

The Personal Consumption Expenditure (PCE) price index is preferred by the Fed because it provides broader coverage of consumer spending, includes chain weighting to accurately track behavioral changes, accounts for the substitution effect, and uses comprehensive data sources. The PCE is therefore considered a more flexible and representative indicator of inflation compared to other indexes such as the Consumer Price Index (CPI).

While headline CPI data have looked extremely good in recent months, core inflation has been shown to be very sticky. A lot of focus today will therefore be on core PCE. The expectation for PCE inflation is 3.9% and for core PCE 4.7% year-over-year. A surprise to the downside has the potential to provide a bullish boost to both the traditional financial market as well as the Bitcoin and crypto markets.

As renowned analyst @rektcapital writes...

Blue-chip NFTs refer to highly valuable and prestigious nonfungible tokens that are considered top-tier assets within the NFT market.

United States Senator Michael Bennet wrote a letter to major tech companies, including OpenAI and Google, to urge the labeling of AI-generated content.

Bitcoin tries to cement higher support as an important day for markets arrives.

Solana (SOL) has staged an impressive comeback, igniting renewed momentum in the crypto space with a decent 15% rally. The blockchain platform has been making significant strides as of late, particularly in the realm of non-fungible tokens (NFTs). 

Over the past few weeks, Solanas NFT trade counts and trade volume have experienced a notable surge, underlining the platforms growing popularity among artists, collectors, and enthusiasts.

Adding to the excitement, SOLs price witnessed a significant uptick in the last 24 hours, further fueling investor interest and cementing its position as one of the most promising cryptocurrencies in the market.

The recent surge in NFT activity on Solana reflects the platforms increasing appeal for digital creators seeking efficient and eco-friendly solutions for tokenizing and trading their unique artworks and digital assets.

Top Solana Projects by Active Users (Last 7D)@MagicEden$RARI @rarible$MEAN @meanfinance$GARI @Chingari_IN$SBR @Saber_HQ$GENE @genopets@solincinerator@SharkyFi$RAY @RaydiumProtocol$TFMC @tapfantasy2021@dappradar #Solana...

The Bitcoin Cash (BCH) price has gone through the roof in recent days. Within the last ten days, the Bitcoin fork has risen by a staggering 168%, temporarily BCH was already up over 200% today. While Bitcoin Cash was still trading at $104 on June 20 and was stuck in a deep bull market that looked bad even compared to other altcoins, a miracle occurred 10 days ago. The price exploded out of nowhere.

Why Is Bitcoin Cash Experiencing A Revival?

As NewsBTC reported, the reasons for the phenomenal rise in BCHs price have already been discussed hotly over the past few days. It was often heard that the listing on the new crypto exchange EDX Markets, which is backed by industry giants Citadel Securities, Charles Schwab Corp. and Fidelity Digital Assets, favored BCH.

Furthermore, it has been argued that the price increase is also due to Bitcoin Cashs recent game-changing upgrade. In mid-May, Bitcoin Cash underwent a hard fork that not only improved the networks security and privacy measures, but also introduced plans for CashTokens.

However, the real reasons for the current Bitcoin Cash pump seem to lie elsewhere: namely in South Korea. Chinese crypto journalist Colin Wu reports today that South Korea could be the reason for the BCH pump, looking at where much of the trading volume originates.

In the last 24 hours, the largest exchange in South Korea, Upbit, recorded over $350 million in trading volume for BCH/KRW, accounting for 23.58% of the total trading volume for BCH. Moreover, it is also three times the trading volume of BTC/KRW on Upbit an anomaly that has extreme rarity.

Renowned crypto whale and trader Andrew Kang agrees, stating that the current BCH rally reminds him of the multi-week Aptos (APT) battle between Korean retailers and professional traders.

Never Skip A Korea Pump?

Koreans didnt need a reason to bid, all that mattered is that it kept going up and early bears got slaughtered, Kang said. The trader is alluding to APTs 500% rally earlier this year.

South Koreans pumped Aptos because of a joke about housing affordability. APTs trading volume on the South Korean crypto exchange UpBit was often higher than the total trading volume on Binance at the time. It was also beneficial that the Aptos Foundation marketed the altcoin to Koreans from day one.

According to Alex Shin, co-founder of crypto venture capital firm Hashed, South Korean crypto investors...

Bitcoin cash price (CoinDesk/Highcharts.com)

Court Lawsuit Judge Legal (Shutterstock)

The mantra of this years Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price.

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.

The Feds emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.

Litecoin price is gaining pace above $90 against the US Dollar. LTC could rally further above $100 and rise toward the $110 resistance.

• Litecoin is steadily moving higher toward $100 against the US Dollar.
• The price is now trading above $90 and the 100 simple moving average (4 hours).
• There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC/USD pair (data feed from Kraken).
• The price could rally further toward the $100 and $110 levels.

Litecoin Price Regains Strength

After forming a base above the $80 level, Litecoins price started a fresh increase against the US Dollar. LTC price broke the $85 resistance to start the current rally.

There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC/USD pair. The pair rallied over 10% and outperformed both Bitcoin and Ethereum. It even climbed above the $92 level. A high is formed near $95.85 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high.

Litecoin is now trading above $90 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $96 zone. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start another strong increase.

Source: LTCUSD on TradingView.com

In the stated case, the price is likely to continue higher toward the $108 and $110 levels. Any more gains might send LTCs price toward the $120 resistance zone.

Are Dips Limited in LTC?

If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. Initial supp...

0.00010 BTC = 3.02 USD
1.00 USD = 0.00003 BTC
Converter

However, the Reserve Bank of New Zealand also said that crypto and stablecoins should be more closely monitored.

Dilip Rao, a former Ripple executive whos now leading Australias CBDC pilot, has been examining 14 possible use cases of central bank digital currencies.

Bitcoin weekly chart. (CoinDesk Indices)

While a date for mainnet wasnt announced, the Base team said its now fulfilled four out of five of their criteria for launch.

Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isnt the casino it can sometimes feel like in the West.

Three House chairs sent a letter regarding recordkeeping and FOIA, and the industry advocacy group suggested Wells notice recipients ask for his recusal from their cases.

(Getty Images)

Fidelity Investments sign (Jonathan Weiss/Shutterstock)

Bitcoin daily chart. (CoinDesk Indices)

Lacoste UNDW3 card. (Lacoste)

The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry.

The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls.

(Steve Johnson/Unsplash)

The scheduled launch date for these futures contracts is set for July 31, pending regulatory review.

(Kenny Eliason/Unsplash)

Credit: The British Library, modified by CoinDesk

(Danny Nelson/CoinDesk)

UK Parliament Building and Big Ben, London, England (Ugur Akdemir/Unsplash)

John J. Ray III (C-Span)

CEO of Binance Changpeng Zhao at Consensus Singapore 2018 (CoinDesk)

(Danny Nelson)

Prime Trust CEO Tom Pageler. (Prime Trust)

In a recent flurry of events indicating growing institutional interest in Bitcoin, Fidelity Investments has refiled its application for a spot Bitcoin ETF. This move comes after several other major players in the financial industry have also made similar filings, cementing Bitcoin's position as a sought-after asset among traditional investors.

The momentum began with BlackRock, one of the world's largest asset management firms, filing for a spot bitcoin ETF application. Although they were not the first ARK Investments and 21Shares had already filed for a spot ETF they initiated the cascading effect now seen. Investment firms Bitwise and Invesco both refiled for their own spot ETFs, which they had submitted previously.

Shortly thereafter, WisdomTree, an investment management company renowned for its innovative exchange-traded products, filed its own application for a spot Bitcoin ETF. Adding to the now-growing list of firms seeking to launch spot Bitcoin ETFs, Valkyrie Investments joined the race.

Meanwhile, ARK, a prominent investment management firm, amended its 19b-4 filing for a spot Bitcoin ETF, solidifying its position in the race for approval. With the inclusion of a surveillance sharing agreement between CBOE and a crypto exchange (likely Coinbase), ARK's filing aligns with BlackRock's strategy and places them at the forefront to potentially be approved first, given their early filing.

However, amidst this competition, Fidelity Investments has reentered the fray by reapplying for a spot Bitcoin ETF. Fidelity, a trusted name in the financial industry, brings its significant expertise and reputation to the bitcoin market, further solidifying the notion that Bitcoin is gaining acceptance among institutional investors.

Jaymes Seyffart, an ETF analyst at Bloomberg, took to Twitter to share his guesses at when the filings may be addressed, noting that the dates for when the filings will be approved or denied are not exact.

Founder/CEO of Binance, Changpeng Zhao (Antonio Masiello/Getty Images)

Base engaged internal and external security researchers. (Agence Olloweb/Unsplash)

Chicago Mercantile Exchange Center (Raymond Boyd/Getty Images)

(Mae Mu/Unsplash)

Brendan Farmer, co-founder of Polygon. (Shutterstock/CoinDesk)

Canadian flag in Toronto (Shutterstock)

Venezuela (Ronal Labrador/Unsplash)

Dubai (shutterlk/Shutterstock)

(Candy Digital)

Azuki Elementals (Azuki.com)