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blockchain crypto cryptocurrency cftc chairman btc eth commodities (SpotedCrypto)

US CFTC commissioner says BTC and ETH are both commodities, not securities

According to Blockworks, Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), appeared at a House Agriculture Committee hearing and stated that "BTC and ETH are commodities. Recently, digital asset platform Prometheum claimed otherwise by posting a disclaimer on its website stating that 'cryptocurrency securities

blockchain crypto cryptocurrency grayscale option on spot bitcoin ETFs (SpotedCrypto)

Grayscale Files Comment Letter Requesting Approval to Options for trade on BTC Spot ETFs

Grayscale announced via X that it has "filed a comment letter with the U.S. Securities and Exchange Commission (SEC) requesting that the SEC approve the listing and trading of options on a BTC spot ETF". "The SEC has previously approved BTC futures ETFs and permitted options

blockchain crypto cryptocurrency fed jerome powell interest rate cut mention (SpotedCrypto)

US FED Chairman Jerome Powell stoked expectations of an interest rate cut this year.

"If the economy grows as we hope, interest rates will need to be lowered substantially over the next few years," Federal Reserve Chairman Jerome Powell told a House Financial Services Committee hearing today. "Markets have continued to grow solidly this year. A recession is unlikely at this

blockchain crypto cryptocurrency support 60K (SpotedCrypto)

Aggressive buying occurs after BTC plunge... $60,000 support holds. It was a positive correction.

As Singapore-based crypto trading firm QCP Capital notes, "BTC plunged sharply after hitting a new all-time high, with over $1 billion in longs liquidated on Binance alone. The $60,000 support level proved to be solid as aggressive buying came in. We see this pullback as a good opportunity

blockchain crypto cryptocurrency Institutional investors are returning (SpotedCrypto)

Institutional investors are returning to the crypto market, spurred by the launch of the BTC Spot ETF.

According to The Block, a recent report from Nickel Digital Asset Management, a London, UK-based digital asset investment firm, predicts that "institutional investors will increase their crypto investments this year." "Three out of four institutional investors currently investing in crypto plan to increase their crypto investments and

blockchain crypto cryptocurrency btc etf beating gold etf (SpotedCrypto)

Beating Gold? Bitcoin Spot ETF, IBIT, Hits $1 Billion in First Hour Despite Sharp Dip

BlackRock's bitcoin spot ETF, IBIT, surpassed $1 billion in trading volume within an hour of the market opening on Friday (local time). BTC hit a new all-time high against the dollar around midnight ET on the 6th, but was quickly followed by a short-term pullback and is currently

blockchain crypto cryptocurrency feer greed index 75 btc 69K (SpotedCrypto)

Bitcoin hits $69K, but be careful with investments due to high volatility After touching $59.7K, it also gained 2.44% in 5 minutes.

At the time of writing, Bitcoin is currently trading in the mid-$63K range, with the Fear-Greed Index at 75, down 15 points from the previous day. The deterioration in sentiment shifted the index from extreme greed to greed. The index is a measure of extreme fear in the market,