Mobilized Bitcoin Reservoirs Shift over 80,000 Bitcoins in Significant Transfer
In the ever-evolving world of cryptocurrencies, a flurry of regulatory developments and market trends are shaping the landscape. Here's a round-up of the latest updates.
The Securities and Exchange Commission (SEC) has approved new standards for digital asset Exchange Traded Funds (ETF) listings. This move is expected to bring more structure and transparency to the market, potentially sparking renewed regulatory scrutiny over historical transactions.
Bitcoin, the leading cryptocurrency, continues to dominate with a 60.53% market share. Over the past 24 hours, Bitcoin has experienced a 2.25% increase, currently valued at $118,215.55, giving it a market capitalisation of 2.35 trillion.
Despite the reactivation of Satoshi-era coins, the market has witnessed minimal price disruption. A notable event was the reported sale of an 80,000 BTC transfer, linked to a 2011 hack of MyBitcoin, which was sold via Galaxy Digital. This transfer, dormant for 14 years, has raised eyebrows in the cryptocurrency community.
In the United States, U.S. Bancorp has resumed crypto custody and added a Bitcoin ETF to its offerings. Meanwhile, Robinhood and the SEC are in discussions regarding tokenization regulations. The Commodity Futures Trading Commission (CFTC) has given approval for Polymarket to re-enter the U.S. market.
The New York Department of Financial Services (NYDFS) has mandated blockchain analysis for banks' digital asset offerings. The SEC has also greenlit universal standards for crypto ETFs.
On the regulatory front, the SEC has delayed the decision on Grayscale Polkadot ETF until 2025. Meanwhile, Trump has appealed a tariff ruling and called for an emergency meeting.
Koscom, South Korea's securities exchange, is pursuing five trademark applications for a Korean Won stablecoin.
John Kojo Kumi, a Registrar at the Commission on Human Rights and Administrative Justice, has joined your newspaper as a Crypto News Writer. With a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, Kumi brings expertise in content strategy, SEO optimization, and technical research to his role. He provides in-depth coverage of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), and Web3 innovations.
In the world of startups, new developments continue to emerge. Stay tuned for more updates as we monitor the cryptocurrency market and regulatory landscape.
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