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It's Frriiiddaaayyyy Folks! Bitcoin is trading down at $36,391.77. Bitcoin continues to struggle to get back above $36,500 after the pull back from nearly $38K. Let's get on to the lack of news of the morning...
SUMMARY
Yesterday, Coinshares obtains right to purchase Valkyrie's ETF arm in bid to further US expansion.(3)
Today, the Bitcoin (BTC) price has risen to $36,300 levels, spurred by anticipation of a Bitcoin spot ETF in the US, despite low liquidity. Bitcoin liquidity remains at Q4 2022 levels post the collapse of FTX and Alameda Research, with market depth below pre-collapse levels. Bitcoin options open interest reaches all-time high of $15 billion on Deribit. If you've been watching the price second by second you would have seen a big pop and drop in the price; well that's because of this: Bitcoin price spiked $800 on claims SEC is engaging with exchanges over spot ETFs. Bitcoin price churns under $37K as markets hold breath for ETF news.(2) SEC delays decisions on Franklin Templeton and Global X spot Bitcoin ETFs.(2)
WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto crowd awaits SEC decisions. BitGo CEO Mike Belshe said it's "quite likely" the U.S. Securities and Exchange Commission (SEC) will reject a series of spot bitcoin (BTC) exchange-traded fund (ETF) applications despite industry-wide optimism. Meanwhile, Spot Ethereum ETF proposal delayed by SEC.(3)
German Bundestag member Joana Cotar declares support for Bitcoin as legal tender, aiming to integrate it into mainstream German finance and Cotar launches "Bitcoin in the Bundestag" to educate peers on Bitcoin's merits, highlighting the need for privacy and balanced regulation. Bitcoin surpasses Ethereum in fees first time in years.(2)
The Cardano (ADA) price broke out from a descending resistance trend line and reclaimed the $0.350 horizontal resistance area and the daily timeframe Relative Strength Index (RSI) and price action are both bullish, supporting the continuing of the increase. Astrobotic, a Pittsburgh-based aerospace company, has announced an ambitious plan to send a physical Dogecoin (DOGE) token to the moon. Dogecoin on-chain transactions spike; Will DOGE hit $0.1?
Stablecoins can’t be trustworthy payment means according to a study from the BIS.
Sen. Elizabeth Warren points to dangers of crypto scams targeting older investors in latest call to pass her legislation.
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Podcast of the Day: Delay Ends Mass BTC Spot ETF Approval Dream | The Breakdown
