May 13: ETF Proposals, Innovative Projects, and Regulatory Actions

May 13: ETF Proposals, Innovative Projects, and Regulatory Actions

This week in the cryptocurrency sector, the focus is on regulatory responses, technological advancements, and significant enforcement actions. A slew of Ethereum ETF applications are currently awaiting SEC approval, reflecting a persistent demand for regulated investment vehicles in the crypto space. This interest in ETFs is part of a broader trend toward mainstream acceptance of digital assets. Meanwhile, Erik Voorhees, the founder of ShapeShift, has unveiled 'Venice AI' and 'Morpheus,' initiatives aimed at enhancing open-source development and interoperability within the blockchain ecosystem, which could lead to more robust and versatile blockchain applications.


________


https://substack.com/@dcndailycryptonews


News Links 👇


https://decrypt.co/230228/ethereum-etfs-all-applications-awaiting-sec-approval


https://decrypt.co/230281/venice-ai-shapeshift-founder-erik-voorhees-morpheus-open-source


https://decrypt.co/230216/lightning-labs-stablecoins-on-bitcoin-blockchain-ceo


https://decrypt.co/230437/sec-filing-hits-back-at-coinbase-power-grab-accusations


https://www.coindesk.com/markets/2024/05/13/metaplanet-makes-bitcoin-a-reserve-asset-as-japans-debt-mountain-grows/?_gl=1*865sr0*_up*MQ..*_ga*MTcyNzM1MTQ2Mi4xNzE1NjA1Nzc1*_ga_VM3STRYVN8*MTcxNTYwNTc3NC4xLjAuMTcxNTYwNTc3NC4wLjAuMjA1NDA5MTc1NQ..


https://www.coindesk.com/policy/2024/05/13/chinese-police-bust-296m-illegal-crypto-based-currency-operation-report/?_gl=1*865sr0*_up*MQ..*_ga*MTcyNzM1MTQ2Mi4xNzE1NjA1Nzc1*_ga_VM3STRYVN8*MTcxNTYwNTc3NC4xLjAuMTcxNTYwNTc3NC4wLjAuMjA1NDA5MTc1NQ..


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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!


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Episoder(833)

August 25: Bitcoin Breaks $80K, Gets Rejected, and Now the Real Test Begins

August 25: Bitcoin Breaks $80K, Gets Rejected, and Now the Real Test Begins

Bitcoin briefly broke above $80,000, reaching roughly $81,100, before profit-taking pushed it back into the upper $70Ks. Matt explains why $80K remains an important psychological resistance level, wit...

25 Aug 14min

August 22: Bitcoin Hits $79K, but $80K Is the First Real Test

August 22: Bitcoin Hits $79K, but $80K Is the First Real Test

Bitcoin is pushing against the $80,000 barrier after one of its strongest weeks in months, driven by improving Treasury-market liquidity, nearly $2 billion in Bitcoin ETF inflows, short liquidations, ...

24 Aug 16min

August 21: Bitcoin Hits $77K as Liquidity Floods Back Into Crypto

August 21: Bitcoin Hits $77K as Liquidity Floods Back Into Crypto

Bitcoin’s rally is accelerating, with BTC climbing toward $78,000 as improving global liquidity, heavy ETF buying, and another massive short squeeze drive the market higher. Matt breaks down roughly $...

21 Aug 15min

August 20: Bitcoin Rips Above $70K as Global Liquidity and Short Liquidations Hit the Market

August 20: Bitcoin Rips Above $70K as Global Liquidity and Short Liquidations Hit the Market

Bitcoin finally broke out, surging above $70,000 as several catalysts hit at once. Matt looks at Trump’s White House meeting with crypto executives, Treasury moves supporting broader liquidity, and a ...

20 Aug 15min

August 19: Ripple Raises $275 Million as the SEC Finally Moves on Reg Crypto

August 19: Ripple Raises $275 Million as the SEC Finally Moves on Reg Crypto

Ripple raised $275 million to expand its U.S. clearing, prime brokerage, and financial-services business, while Metaplanet is bringing its Bitcoin treasury strategy to the U.S. through a deal involvin...

19 Aug 6min

August 18: Wall Street Keeps Moving Into Crypto While Bitcoin Stays Stuck at $64K

August 18: Wall Street Keeps Moving Into Crypto While Bitcoin Stays Stuck at $64K

Bitcoin is still hovering around $64,000, but traditional finance keeps moving deeper into crypto. Matt covers Citi preparing to launch institutional Bitcoin custody, Kraken expanding U.S. stock tradi...

18 Aug 9min

Bitcoin Liquidity Dries Up as Craig Waits for a Break Below the Range

Bitcoin Liquidity Dries Up as Craig Waits for a Break Below the Range

Craig says crypto liquidity has dried up dramatically, with Bitcoin stuck inside a month-long range between roughly $62,500 and $65,500 and only a small fraction of tracked trading pairs showing meani...

17 Aug 8min

August 17: Bitcoin Stays Flat as ETF Outflows and Thin Liquidity Keep Traders Cautious

August 17: Bitcoin Stays Flat as ETF Outflows and Thin Liquidity Keep Traders Cautious

Bitcoin remains stuck near $63,000 as ETF flows turn negative and thin liquidity leaves the market vulnerable to sharper moves if leveraged traders rush for the exits. Matt covers Strategy raising ano...

17 Aug 7min

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