FTX appeals to FDIC for return of funds from defunct Signature Bank

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Hong Kong financial regulators are prepared for spot crypto ETF applications

Hong Kong’s Securities and Futures Commission (SFC) and the Monetary Authority (HKMA) announced their readiness to accept applications for spot crypto exchange-traded funds (ETFs) in a circular released on Dec. 22. The regulators stated: “The SFC and the HKMA have reviewed their existing policy for intermediaries which wish to engage in virtual asset-related activities (VA-related …

Drop in Bitcoin dormant supply may indicate looming rally

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Major East Asian investors launch a $100 million Web3 fund in Dubai

South Korean gaming giant Wemade (WEMIX) teamed up with Whampoa Digital, the technology investment arm of Singapore’s Whampoa Group, to launch a $100 million Web3 fund for driving digital asset initiatives in the Middle East. According to a Dec. 22 statement, Whampoa Digital will join the WEMIX PLAY Center within the Dubai International Financial Centre …

Fed’s balance sheet hits lowest point since April 2021

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There’s a ‘Good Chance’ Bitcoin Nosedives by Over 25%, According to Top Crypto Analyst – Here Are His Targets

A popular analyst is outlining one bearish scenario for Bitcoin (BTC) after the possible approval of a spot market BTC exchange-traded fund (ETF). Pseudonymous analyst DonAlt tells his 55,600 subscribers of the TechnicalRoundup YouTube channel that Bitcoin could collapse by more than 25% from its current value. “If your position is worse than a $32,000 …

Venture Capitalist Dan Tapiero Says 2024 Will Be a Big ‘Up Year’ for Bitcoin – Here’s Why

Macro guru and crypto fund manager Dan Tapiero is predicting that Bitcoin (BTC) will have a big “up year” in 2024. Tapiero tells his 111,000 followers on the social media platform X that Bitcoin will likely continue to post big gains next year after soaring in 2023. “What is not clear here? Bitcoin +160% year-to-date …

Ethereum To Crash Below $2,000? Veteran Trader Peter Brandt Predicts ETH To Head Lower if This Happens

Veteran trader Peter Brandt foresees Ethereum (ETH) falling to a level last reached in early November. Brandt tells his 709,400 followers on the X social media platform that Ethereum is possibly forming a descending triangle, a pattern that is typically considered bearish. According to Brandt, if Ethereum forms a “decisive close below the lower boundary” …

Solana briefly surpassed BNB in market cap as SOL approaches $100

Solana’s native SOL token continues its meteoric rise this year as it traded near $100 for the first time in 20 months during the early trading hours of Dec. 22, according to CryptoSlate’s data. However, the asset’s value has since retraced to around $91 as of press time. The upward price movement liquidated approximately $20 …

December sees Bitcoin whales selling off despite market rally

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Ripple CEO slams SEC chair for ‘stunning hypocrisy’

Garlinghouse’s comments stem from Gensler’s recent statements about widespread noncompliance in the crypto industry. The regulator emphasized the detrimental impact of these actions on individuals, often leading to bankruptcy without adequate recourse. Gensler said: “There is a lot of noncompliance in the crypto space. It undermines confidence when so many people have been hurt and …

Analyst Says He ‘Could Easily See’ One Top-50 Altcoin That’s Exploded 230% in Two Months Hit New Record High

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a blue-chip altcoin that has more than tripled in value in two months. The analyst pseudonymously known as Kaleo tells his 611,900 followers on the X social media platform that if THORchain (RUNE) rises above the descending trendline on the daily chart that …

EEA releases Ethereum Layer 2 for the Enterprise: An Update

The EEA today released an update to its Layer 2 for the Enterprise report.  The summary report is an update to the 2021 EEA Mini Report on Ethereum Layer 2 and other scaling solutions and is designed to be standalone. This mini-report: Provides an update on the current Ethereum Layer 2 and other scalability solution …

Mastercard backs Fideum Group’s vision to merge crypto with traditional finance

Fintech company Fideum Group said its collaboration with traditional payment giant Mastercard would enable it to “integrate digital assets into everyday financial activities.” In an interview with CryptoSlate, CEO Anastasija Plotnikova explained how the company’s status as the overall winner of the Mastercard Lighthouse FINITIV 2023 Fall Program will bolster its business and help serve …

Crypto Trader Says AI Altcoin Close to Pushing to New All-Time Highs After Picture-Perfect Retest

A widely followed crypto analyst says that one artificial intelligence (AI) altcoin project could soon reach a new all-time high (ATH). Pseudonymous crypto trader Rekt Capital tells his 377,500 followers on the social media platform X that machine learning platform Fetch.ai (FET) is making a run for new ATHs after retesting a key price level. …

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