Author: Ali Raza

After months of delay, the United States Securities and Exchange Commission (SEC) unanimously authorized a rule change to list and trade shares of the Grayscale Ethereum Mini Trust and ProShares Ethereum ETF. In a filing dated July 17, the SEC approved the listing and trading two spot Ether ETFs on the NYSE Arca Inc., as stated in the document. Final notice and comment on the S-1 filings are required, though, as the government made clear. Spot Ethereum ETFs Sponsor Fee Wars James Seyffart, an ETFs specialist at Bloomberg, predicts that next week will likely see the launch of trading for…

Legal Implications of Stablecoin, a subset of cryptocurrencies to reduce price volatility, have recently seen massive investor adoption. Stablecoins are digital currencies linked to a more stable asset, such as a fixed currency, a basket of assets, or the US dollar, rather than volatile cryptocurrencies like Ethereum or Bitcoin. Their inherent stability makes them a great choice for various uses, including regular purchases, sending money abroad, and storing value. However, governments and authorities worldwide closely monitor stablecoins as their popularity rises. Stablecoins’ complicated and multi-faceted legal ramifications affect issuers, users, and the entire financial ecosystem. Stablecoin Regulatory Challenges The categorization…

Bitcoin Rises After CPI. As US inflation and the labour market moderate, Federal Reserve Governor Lisa Cook predicts a smooth landing and suggests that rate cuts are imminent. According to Fed Governor Cook, the unemployment rate shouldn’t increase much more, and inflation should keep falling. If the Federal Reserve decides to begin cutting interest rates, the stock markets and the price of Bitcoin are likely to experience a sharp upswing. Fed Governor Lisa Cook is Positive US Federal Reserve Governor Lisa Cook discussed the difficulties of sharing monetary policy. The rise and fall of inflation in recent years and the…

Tron’s Justin Sun Claims Justin Sun, the founder of Tron (TRX), has disclosed his intentions to develop a novel solution that will eliminate gas fees and simplify the process of transferring stablecoins. Making Stablecoin Transfers Easier In the future, this functionality will allow users to pay for stablecoin transactions using the Stable Coins Move Creation themselves rather than using extra gas tokens, as Sun reported. This huge step forward will make stablecoins more accessible to big businesses by removing the gas fee barrier. Sun started using the Thezedon blockchain initially. Ethereum and other EVM-compatible public chains will implement the innovation later.…

Unique Tokenomics A new entrant in the dynamic cryptocurrency market is about to shake up the meme coin landscape. With its novel Tokenomics and a heavy focus on community involvement, Phoenix Memecoin ($PHNX) is poised to soar. As interest in digital currencies grows among investors and enthusiasts, $PHNX hopes to differentiate itself by providing a novel strategy for monetary development and community formation. Innovative Unique Tokenomics Phoenix Memecoin’s innovative tokenomics is one of the coin’s most appealing features. Unlike numerous meme coins that depend entirely on excitement and social media noise, the $PHNX economic model is well-planned and intended to…

As the cryptocurrency market Crypto Investors’ Inflation braces for a pivotal week, many economic data and other events will be front and center. Many believe next week’s events will determine the crypto market’s trajectory. Here is a rundown of the week’s most meaningful events, and we’ll look at how they might affect the financial industry and the cryptocurrency market. Key Events To Watch This Week Comments From US Fed Officials We should see more speeches from Fed leaders this week. San Francisco Federal Reserve President Mary Daly’s speech will follow Chicago Fed President Austan Goolsbee’s television appearance on Monday, June…

Bitcoin Price Correction A large amount of negative pressure is being exerted on the price of Bitcoin (BTC). Amidst the adverse market conditions, Bitcoin is trading at approximately $64,000, remaining unchanged from its previous level. On the other hand, economists are concerned about the possibility of stupid money being introduced into the market and driving down the price of Bitcoin. Bitcoin Supply Barrier and Selling Pressure According to data from IntoTheBlock, approximately 45 million addresses have 3.03 million BTC, valued between $64,300 and $70,800. Therefore, an enormous concentration of Bitcoin at high prices forms a substantial supply barrier. This can…

Bitcoin Struggles ETF Outflows As per Lookonchain, there has been a notable decline in Bitcoin ETF assets, with nine ETFs suffering a loss of 4,428 BTC, or almost $271 million. The largest outflow was 3,375 BTC from Grayscale, followed by 720 BTC from ARK Investment. A net inflow of 596 BTC, or about $36.49 million, showed that interest in Bitcoin ETFs persisted despite the sell-offs. Cooling Inflation Data Despite recent economic figures being released in the United States, Bitcoin’s price has remained stable. During May, the core Personal Consumption Expenditures (PCE) price index increased at an annual pace of 2.6%,…

Pepe Coin price forecast As a major participant in the bitcoin scene, Pepe Coin (PEPE) enthrals both enthusiasts and investors with its excellent development path. PEPE, a meme-inspired cryptocurrency, has attracted much interest and shown notable market performance. This paper investigates the elements behind Pepe Coin’s remarkable ascent and why its future seems set for ongoing success. Pepe Coin’s Rapid Rise and Correction Introduced in 2023, Pepe Coin rose fast among meme coins and attracted the attention of both experienced and new investors with its impressive gains. Its market capitalization was driven to incredible heights by a dynamic community and…

XRP bullish breakout, Ripple’s native cryptocurrency, has lately shown excellent durability by staying above the critical $2 support level. The bulls’ relentless defense has helped to steady XRP’s price and create conditions for a possible bullish breakout in the following weeks. XRP Jumps 23.53% Amid Consolidation XRP jumped by around 23.53% after a notable comeback from a low of $1.90, therefore underlining. The strength of buyer support at lower price levels. XRP trading within the mid-range of the Keltner Channel marks the result of this rise into a consolidation period. Whereas support is $2.14, current resistance is $3.32. While rejection…