Anvesh Reddy
Crypto News LIVE Updates: Bitcoin showed signs of recovery in morning trade after slipping below $42,000 on Wednesday. Bitcoin’s price rose 2.4% in the past 24 hours, surpassing $44,000. The price surge can be tied to a spike in institutional demand for Bitcoin in the US. The widening gap between BTC prices on crypto exchanges Coinbase and Binance suggests that Americans are on a Bitcoin buying spree. This comes as the Jan 10 deadline, set by the SEC to approve spot Bitcoin ETFs draws closer.
Meanwhile, Grayscale and VanEck filed Form 8-A — a mandatory piece of paperwork that must be filled before offering securities — with the federal regulator. Elsewhere, the Australian consumer watchdog is facing flak for sheer negligence. It failed to warn the public about the HyperVerse crypto scheme, which was flagged by several international regulators as a potential scam in the past.
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04:58:37 PM IST, 5 January 2024
Crypto News LIVE: Cathie Wood’s Ark Invest Sells Coinbase (COIN) Shares Worth $4 Mln
Cathie Wood’s asset management firm Ark Invest continued its selling spree, shedding over $4 million in Coinbase (COIN) shares. The move came as the deadline for Ark Invest 21Shares Spot Bitcoin ETF approval drew closer.
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04:39:20 PM IST, 5 January 2024
Crypto News LIVE: SEI Investors Suffered Over $1.5 Mln in Liquidation Losses as SEI Price Dips 3%
The Sei Network’s native token, SEI saw a nearly 3% drop in its prices, resulting in liquidation of over $1.5 million in SEI long positions in the past 24 hours. The losses even spilled over to the Dragon Ball-inspired meme coin SEIYAN, indicating that retail interest in the SEI token was fading.
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03:58:42 PM IST, 5 January 2024
Crypto News LIVE: SEC Fights Coinbase With A New Supplemental Authority Notice
The long-running dispute between the SEC and Coinbase took a dramatic turn Thursday, with the US securities watchdog filing a notice of supplemental authority with a federal court, urging it to consider the Terra ruling in the regulator’s lawsuit against the crypto exchange. It appears that the SEC seeks to use the ruling in the Terraform Labs’ case, which deemed LUNC and UST tokens unregistered securities, as a precedent in its lawsuits against Coinbase, Binance and other crypto entities.
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03:49:04 PM IST, 5 January 2024
Crypto News LIVE: SHIB Burn Rate Skyrockets 2200%, Triggers Price Surge
Nearly 5.2 million Shiba Inu (SHIB) tokens were burned in the past 24 hours, with the SHIB burn rate soaring by over 2200%. SHIB price rose nearly 2% on the news, with the meme coin trading at $0.000098 at press time.
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03:28:50 PM IST, 5 January 2024
Crypto News LIVE: BitMEX Founder Warns Crypto Is Heading For A “Vicious Washout”
BitMEX founder Arthur Hayes said he believes the crypto industry is set for a “vicious washout” in March. While the hype around Bitcoin ETFs has spurred a rally in Bitcoin prices, Hayes warned Bitcoin prices could correct as much as 40% due to various factors, such as the Reverse Repo Program (RRP) Decline, the Bank Term Funding Program (BTFP) and the Federal Reserve’s Policy Rate Cuts.
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03:06:15 PM IST, 5 January 2024
Crypto News LIVE: Bitcoin Set To Hit $150K Post-Halving, Says “Rich Dad Poor Dad” Author
“Rich Dad Poor Dad” author Robert Kiyosaki — a long-time advocate of Bitcoin — implored his more than 2.4 million followers to pay close attention to the forthcoming Bitcoin halving event. Kiyosaki is extremely bullish on Bitcoin, and expects the OG cryptocurrency to reach $150,000 post-halving.
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02:36:17 PM IST, 5 January 2024
Crypto News LIVE: Spot Bitcoin ETFs Poised To Attract Funds Worth $10 Billion In Debut Year, Says Bloomberg Analyst
The SEC has set a Jan 10 deadline to decide whether or not to approve a spot Bitcoin ETF. Bloomberg analyst James Seyffart pegs the likelihood of this outcome at 90%. If approved, Bitcoin ETFs are estimated to rake in $10 billion in funds in the first year, according to Seyffart.
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01:26:10 PM IST, 5 January 2024
Crypto News LIVE: Bitcoin Sees Spike in Institutional Demand in US Amid Bitcoin ETF Frenzy
With the SEC on the precipice of approving a flurry of spot Bitcoin ETFs, US institutional investors are gobbling up Bitcoin like pizza. The gap between BTC prices on Coinbase and Binance have widened up to $50, signalling that US investors have stepped up buying into Bitcoin, CryptoQuant analysts said.
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12:46:25 PM IST, 5 January 2024
Crypto News LIVE: Bloomberg Strategist Expects Gold To Outperform Bitcoin In 2024
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone expects Gold to outperform Bitcoin in 2024 due to uncertainties surrounding spot Bitcoin ETFs. Last year, Gold’s price surged to $2,100 per ounce in the face of recession fears. On the other hand, even as Bitcoin has appreciated nearly 160% year-to-date, it’s still an extremely volatile asset, McGlone noted.
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12:23:19 PM IST, 5 January 2024
Crypto News LIVE: Gamma Strategies Hacked, Deposits Temporarily Suspended
Ethereum-based liquidity management protocol Gamma Strategies suspended deposits on the platform after facing a security breach that led to a loss of $3.4 million in digital assets. The Gamma team claimed to have identified the root cause of incident, and assured investors that they were taking steps to prevent further losses.
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11:56:09 AM IST, 5 January 2024
Crypto News LIVE: Marathon Mulls Selling Bitcoin Stake As Halving Draws Closer
Marathon Digital Holdings is mulling over offloading some of its Bitcoin holdings, just a month after it shed 704 Bitcoin. The company wants to use the capital to cover operating expenses and improve liquidity ahead of the next Bitcoin halving. As of writing, Marathon owns 15,174 BTC and has significant cash reserves.
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11:28:30 AM IST, 5 January 2024
Crypto News LIVE: Terra Community Votes Against Proposal To Destroy 8M USTC Tokens
Terra’s proposal to burn 8 million UST stablecoins was dismissed by the Terra Luna Classic community, with several top validators voting against it. The main objective behind the proposal is to reduce the supply of USTC as they aren’t required for community initiatives.
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10:07:53 AM IST, 5 January 2024
Crypto News LIVE: Bitcoin ‘Speculative and Volatile’, Says Morgan Stanley CEO
Morgan Stanley CEO James P. Gorman expressed skepticism about Bitcoin’s role as a core investment, calling it “speculative” and “volatile.” While Gorman acknowledge Bitcoin’s dominance, he remained hesitant about its inclusion in traditional investment portfolios, saying Bitcoin prices are unstable due to lack of regulation.
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09:40:21 AM IST, 5 January 2024
Crypto News LIVE: Australian Regulator Faces Flak For Overlooking International Warnings on Alleged HyperVerse Scam
The Australian Securities and Investments Commission (ASIC) is facing backlash for its negligence after it failed to warn the public about the HyperVerse crypto scheme, which was flagged as a potential scam by a number of international regulators in 2021. People who invested in the purported pyramid scheme reportedly incurred heavy losses.
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07:42:59 AM IST, 5 January 2024
Crypto News LIVE: Microsoft Adds AI Key
In a remarkable development, Microsoft has introduced “AI Copilot” key to Windows keyboards. The key will have access to Microsoft’s Copilot virtual assistant.
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07:38:10 AM IST, 5 January 2024
Crypto News LIVE: Early Bitcoin ETF Approval?
Mario Nawfal shared that multiple sources are hinting at the possibility of an early approval for the Bitcoin Spot ETF applications from various filers, as early as January 5, 2024. However, chances of an early approval are slim whereas the announcement is expected certainly before January 10.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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