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Bitcoin fell in light holiday trading after failing to sustain its recent gains above $100,000, according to the London Stock Exchange Group. The bitcoin's recent gains have been driven by the prospect of a friendlier cryptocurrency policy under US President-elect Donald Trump. While bitcoin's gains have stalled, it has more than doubled in value so far this year and some analysts expect it to reach $150,000 soon.
The Blockchain Association, a lobby group focused on cryptocurrencies, announced that cryptocurrency firms have spent about $426 million fighting a lawsuit filed by Gary Gensler, chairperson of the Securities Exchange Commission. In the report, the Blockchain Association criticized the agency's "enforcement regulation" approach, which has affected the entire crypto industry. In addition to the cost of responding to complaints and cases, the Blockchain Association also pointed to the issue of une...
According to Trader T statistics, three sets of data are used to summarize the institutional holders of spot bitcoin ETFs in the second quarter. 1. BlackRock's IBIT: 582 institutional holders, up 34% from Quarter 1 (up QoQ); 118 million, excluding options, up 47% QoQ. 2. Fidelity's FBTC: 303 institutional holders, up 25% QoQ; 50.40 million, excluding options, up 35% QoQ. 3. Bitwise's BITB: 139 institutional holders, up 35% QoQ; 14.70 million, excluding options, up 50% QoQ.
The Coalition for Cryptocurrency Market Integrity (CMIC), a group of more than 50 cryptocurrency companies, has called on U.S. President Joe Biden and Vice President Kamala Harris to set clear rules for the digital asset industry, saying that without them, consumers will be hurt and innovation will stop. The alliance is made up of...
A group of top business leaders is ratcheting up pressure on President Joe Biden to drop his re-election bid in a letter signed by 168 people, including Christy Walton, Michael Novogratz and Paul Tagliabue, according to a copy of the Leadership Now Project letter. It is unclear how much influence top Democratic gifters will ultimately have on Mr. Biden's decision. He reportedly relies on a small circle of trusted members, including his wife Jill and son Hunter.
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