Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after rulingThe case has been central to the debate surrounding Bitcoin spot ETFs, which several institutional players have applied for this year.
Happy Tuesday!The global crypto market cap is $1.11 trillion, with a 24-hour volume of $49.83 billion. The price of Bitcoin is $27,914.70, and BTC market dominance is 49.1%. The price of Ethereum is $1,736.11, and ETH market dominance is 18.9%. The best-performing sector is Cannabis, which gained 54%. The Crypto Fear & Greed Index is currently Extreme Fear (39). Top News
Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after rulingThe case has been central to the debate surrounding Bitcoin spot ETFs, which several institutional players have applied for this year. Robinhood holds over $3B in Bitcoin, ranks alongside Binance and Bitfinex’s biggest walletsAccording to recent investigative reports, Robinhood owns the third-largest BTC wallet — holding about $3 billion of BTC — a fraction of the $11.5 billion of crypto that it safeguards for its users. Mastercard Multi-Token Network moving at ‘amazing pace’ as Polytrade tests RWA token integration – reportMastercard's novel blockchain scheme sparks optimism as Polytrade showcases invoice financing possibilities. Latest Insights
More NewsDigital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of fundsGenesis bankruptcy reorganization plan agrees to $1.4B DCG finance for creditor recovery. Republican lawmakers object to Fed’s proposed crypto, stablecoin rulesRep. Patrick McHenry and others warn that the Fed's new written-permission requirement may force banks out of participating in the development of the digital asset ecosystem altogether. Breaking traditions: Why gold prices defy 10-year Treasury yield movementsThe historical divergence between gold and 10-year Treasury yields challenges market norms. SEC Commissioners Peirce, Uyeda push back against SEC’s NFT enforcement actionThe two commissioners issued a public statement raising concerns about the SEC's handling of its first NFT case. OpenAI debuts ChatGPT Enterprise with high-speed GPT-4 access, used by 80% of Fortune 500 companiesUnlocking productivity with ChatGPT Enterprise's unlimited GPT-4 access and bolstered security.
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