Bitcoin Realized Volatility Near Historic Lows — What This Means For Price | TheSpuzz

Bitcoin Realized Volatility Near Historic Lows — What This Means For Price | TheSpuzz

Source: Bitcoinist The price of Bitcoin looked set to reclaim $100,000 on Friday, rallying on the back of the United States Securities and Exchange Commission’s (SEC) decision to drop the lawsuit against crypto exchange Coinbase. However, the premier cryptocurrency failed to capitalize on this momentum shift following the $1.4 billion exploit of the ByBit exchange….

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Consensys Pushes Back: Calls for SEC to Drop DeFi Exchange Rule Change

Consensys Pushes Back: Calls for SEC to Drop DeFi Exchange Rule Change

Source: Bitcoinist Blockchain software company Consensys has submitted a letter to the US Securities and Exchange Commission (SEC) urging the withdrawal of a proposed definition amendment that could classify DeFi protocols as part of securities exchanges. The US-based blockchain firm is opposing this motion citing concerns over regulatory overreach and violations of US core constitutional…

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Kanye West Vs. Censorship: YZY Token Launch Sparks Crypto Buzz | TheSpuzz

Kanye West Vs. Censorship: YZY Token Launch Sparks Crypto Buzz | TheSpuzz

Source: Bitcoinist Kanye West, also known as Ye, is once again generating headlines, this time in the cryptocurrency space. The controversial musician and entrepreneur has announced the launch of his cryptocurrency, YZY, with the objective of creating a financial environment independent from traditional payment platforms. He initiated this course of action after numerous organizations severed…

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Spot Solana ETF Race Intensifies As Franklin Templeton Submits Application | TheSpuzz

Spot Solana ETF Race Intensifies As Franklin Templeton Submits Application | TheSpuzz

Source: Bitcoinist Franklin Templeton, one of the world’s largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors. Franklin Templeton To…

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Bybit Turns To Bitget And Binance For 9 Million ETH Loan Amid Withdrawal Spike

Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal Spike

Source: Bitcoinist Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and…

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Bitcoin’s aSOPR Resets To 1.01 — Here’s Why It Could Spark A Rally?

Bitcoin’s aSOPR Resets To 1.01 — Here’s Why It Could Spark A Rally?

Source: Bitcoinist Following a brief ascent above $99,000 on Friday, the Bitcoin market experienced a negative end to the past trading week as prices crashed below $96,000 in a sharp descent. Based on these happenings, the premier cryptocurrency remains in consolidation with little indication of its long-term price movement. Notably, blockchain analytics firm Glassnode has…

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