Crypto Fear & Greed Index Returns to Greed Zone
The Crypto Fear & Greed Index recently surged to its highest level since July, staying above the 60 mark for two consecutive days. As of the update on September 28, the index hit 64, entering the “Greed” range while Bitcoin briefly climbed to around $66,000, according to CoinMarketCap. This index is designed to quantify the […]
Bitcoin Should Be Classified as a Commodity, Similar to Gold and Oil – Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick appeared on Fox Business on Sept. 27, advocating for Bitcoin as a commodity and urging regulators to approach it similarly to other commodities like gold and oil. During an interview on Mornings with Maria, Lutnick stressed that Bitcoin’s status as a commodity is already recognized and that more regulatory clarity […]
Q4 Crypto Surge Likely, Driven by Bitcoin’s Breakout to $65K
The odds of a significant crypto rally in the fourth quarter are looking strong, especially with Bitcoin’s recent surge past the $65,000 mark, according to a leading crypto expert. Altcoin FOMO returns as Bitcoin reaches $65,000 Markus Thielen, head of research at 10x Research, highlighted in a report dated Sept. 27 that a fourth-quarter rally […]
SEC Grants BNY Mellon Approval for Broader Crypto Custody Services Beyond ETFs
The Securities and Exchange Commission (SEC) has officially granted approval for the Bank of New York Mellon Corp (BNY) to expand its custody services for crypto assets beyond just crypto-based ETFs. SEC Chair Gary Gensler made this announcement on Thursday during a speech at the Federal Reserve Bank of New York. BNY Mellon, which oversees […]
Mark Cuban Aims for Gary Gensler’s Role as SEC Chairman
Billionaire entrepreneur Mark Cuban recently hinted that he’d be open to leading either the U.S. Securities and Exchange Commission (SEC) or the Department of Health and Human Services (HHS) if Kamala Harris were to win the 2024 presidential election. Cuban, well-known for his outspoken views on business and cryptocurrencies, recently endorsed Harris in her bid […]
VanEck Research Predicts Solana Could Soar to $330, Attaining 50% of Ethereum’s Market Cap
A report released on September 25 by VanEck suggests that Solana could reach a price of $330 and grow to capture 50% of Ethereum’s current market capitalization. This growth is largely attributed to Solana’s superior speed and transaction processing capabilities. The report highlights Solana’s impressive throughput, handling thousands of transactions per second (TPS), a rate […]
PayPal Expands Crypto Services for Business Accounts to Buy, Sell, and Trade
On September 25, PayPal made a significant announcement, revealing that its Business account holders can now buy, sell, and trade cryptocurrencies directly through their PayPal accounts. This new service will be available across the United States, excluding merchants in New York. Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, […]
3 Key Factors Preventing Bitcoin from Maintaining $64.5K
Bitcoin experienced a notable increase of 8.2% over the week leading up to September 25, rising from $59,886 to $64,816. However, it encountered a significant obstacle at the $64,500 resistance level, which proved more formidable than anticipated. Alongside weak macroeconomic indicators, several other elements contributed to a downturn in Bitcoin’s price on September 25. Fear […]
BNY Approaches Crypto Custody for ETFs as SEC Eases SAB 121 Guidelines
The Bank of New York Mellon (BNY) is on the verge of offering crypto custody services for its ETF clients, focusing on Bitcoin and Ether, following a key regulatory shift from the United States Securities and Exchange Commission (SEC). The SEC has eased its stance, allowing BNY to bypass previously contentious crypto accounting guidelines. Earlier […]
US Lawmaker Condemns Gensler as most ‘destructive’ SEC Chair in Congressional Hearing
During a recent congressional hearing, U.S. Representative Tom Emmer fiercely criticized Securities and Exchange Commission (SEC) Chair Gary Gensler, labeling him as the most “destructive” and “lawless” chair in the SEC’s 90-year history. Emmer expressed his frustration with Gensler, saying, “You’ve coined the term ‘crypto asset security.’ This term doesn’t exist in any statute, you […]