Aug 30: Crypto Market Soars as Grayscale Wins Appeal, SEC May Have Declared War on NFTs

Aug 30: Crypto Market Soars as Grayscale Wins Appeal, SEC May Have Declared War on NFTs

The cryptocurrency market rallied on Wednesday after Grayscale Investments won an appeal against the SEC in its quest to convert its Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The price of Bitcoin surged as much as 5% in the wake of the ruling, reaching a price of $27,425. The SEC may have also declared war on NFTs, as it argued that NFTs could be considered securities and therefore subject to regulation. Finally, Binance, the world's largest cryptocurrency exchange, has launched crypto bank account payments in Latin America.


#crypto

#bitcoin

#ethereum

#nft

#sec

#grayscale

#etf

#binance

#latinamerica

#finance

#regulation

#technology

__________


News Links 👇

https://decrypt.co/154119/grayscale-wins-appeal-against-sec-to-convert-bitcoin-trust-to-etf


https://decrypt.co/154118/bitcoin-surges-after-grayscale-wins-appeal-against-sec


https://decrypt.co/154140/bitcoin-cash-up-after-grayscale-prevails-over-sec-etf-case


https://decrypt.co/154156/whats-good-for-grayscale-and-bitcoin-etfs-could-be-great-for-coinbase


https://www.theblock.co/post/247997/coinbase-shares-jump-14-amid-market-revelry-over-grayscale-win


https://decrypt.co/154153/did-sec-declare-war-nfts-legal-analysis


https://unchainedcrypto.com/doj-moves-to-bar-all-sbfs-expert-witnesses-from-testifying-at-trial/


https://cointelegraph.com/news/binance-crypto-bank-account-payments-latin-america

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!


©Copyright 2023 Matthew Aaron Podcasts LLC


Daily Bitcoin, Ethereum, & Crypto News!


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Episoder(798)

July 8: Bitcoin Slips as Middle East Tensions Return

July 8: Bitcoin Slips as Middle East Tensions Return

Podcast Show Notes SummaryAfter returning from a short camping trip, Matt breaks down another volatile day for crypto as Bitcoin slips following renewed tensions in the Middle East after the collapse ...

8 Jul 10min

Craig Cobb: Bitcoin Is Still Stuck

Craig Cobb: Bitcoin Is Still Stuck

Start your free 7-day trial of Market Intern at https://marketintern.com and see how Craig identifies high-probability trading setups before they develop.Craig Cobb explains why he's still sitting lar...

7 Jul 9min

July 3: Stablecoins Keep Winning, Tokenization Expands, and the CBDC Debate Isn't Over

July 3: Stablecoins Keep Winning, Tokenization Expands, and the CBDC Debate Isn't Over

Bitcoin ETFs finally snapped their 10-day outflow streak, bringing in more than $221 million in new inflows, but Matt explains why one positive day isn't enough to erase June's record $4.5 billion in ...

3 Jul 14min

July 2: Stablecoins Invade Banking, Crypto Crime Explodes, and Europe Is Already Rewriting the Rules

July 2: Stablecoins Invade Banking, Crypto Crime Explodes, and Europe Is Already Rewriting the Rules

Traditional finance and crypto continue moving closer together as Standard Chartered and Circle launch institutional USDC minting and redemption through the bank's platform, while Anchorage Digital ex...

2 Jul 12min

July 1: Citi Cuts Bitcoin, Europe's Crypto Rules Arrive, and Why Stablecoins Changed Everything

July 1: Citi Cuts Bitcoin, Europe's Crypto Rules Arrive, and Why Stablecoins Changed Everything

Wall Street is becoming less optimistic on crypto as Citi cuts its 12-month Bitcoin price target from $112,000 to $82,000, while Bitcoin ETFs suffer their worst month on record with $4.5 billion in ou...

1 Jul 13min

June 30: Strategy May Sell Bitcoin, ARK Buys the Dip, and Why the Pain Isn't Over

June 30: Strategy May Sell Bitcoin, ARK Buys the Dip, and Why the Pain Isn't Over

Crypto sentiment remains brutal as Strategy gives itself authorization to sell up to $1.25 billion in Bitcoin, raising concerns that even the possibility of future sales could pressure an already weak...

30 Jun 18min

Craig Cobb: Sit on Your Hands Until the Market Gives You an Edge

Craig Cobb: Sit on Your Hands Until the Market Gives You an Edge

Craig Cobb says Bitcoin and the broader crypto market are still bearish, but too messy to trade aggressively right now. He explains why last week’s $65,000 Bitcoin rejection offered a clean short setu...

29 Jun 8min

June 29: Strategy's New Plan & Europe's Crypto Crackdown

June 29: Strategy's New Plan & Europe's Crypto Crackdown

Strategy unveiled a new capital framework that includes a U.S. dollar reserve policy, higher preferred-share dividends, up to $2 billion in buybacks, and the ability to monetize its Bitcoin holdings i...

29 Jun 8min

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