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PARIS — Issuers of spot bitcoin exchange-traded funds cast doubt over the short-term likelihood of the U.S. Securities and Exchange Commission approving such a product for the cryptocurrency ether . The regulator has a late-May deadline to conclude its review on an ether ETF. That comes after the SEC in March delayed its original deadline for a decision on the ether ETF application. Enthusiasm has been mounting among the crypto community for an ether ETF, ever since the SEC approved the first spot bitcoin ETFs in January. This complicates matters for an ether ETF.

Persons: Cathy Wood, Jan Van Eck, CNBC's Arjun Kharpal, Van Eck, Gary Gensler, Jean, Marie Mognetti, CoinShares Organizations: PARIS, U.S . Securities, Exchange Commission, SEC, Fidelity, Ark, Paris, Invest, CNBC Locations: BlackRock, U.S, Paris, France

☆ Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts
▼ + stars: | 2024-03-30 | by ( Alison Conklin | ) www.cnbc.com time to read: +1 min

Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. Yusko expects the bitcoin halving to lead to a supply shock resulting in another round of major tailwinds for the flagship crypto. The halving, which cuts the bitcoin mining reward in half to limit supply, is expected in late April. Disclosure: Yusko's firms own bitcoin, ethereum, gold, Coinbase and Nvidia.

Persons: Mark Yusko, CNBC's, Yusko, bitcoin Organizations: Morgan, Capital Management, Nvidia

☆ Investors are focused 'overwhelmingly' on bitcoin over other cryptocurrencies, BlackRock says
▼ + stars: | 2024-03-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

BlackRock's push into crypto has been expeditious, but it may be hitting the brakes after bitcoin and ether. But Robert Mitchnick, BlackRock's head of digital assets, shut that possibility down at the Bitcoin Investor Day conference last week. He pointed out that bitcoin and ether make up the majority of the crypto market cap – bitcoin at 52% and ether at 16%, according to CoinMarketCap. In addition to bitcoin and ether ETFs, BlackRock is also exploring digital assets through tokenization efforts. "And we have clients who are comfortable and fluent on blockchain infrastructure, interacting with digital assets.

Persons: That's, Robert Mitchnick, Mitchnick, that's, we're, … IBIT, bitcoin, Wall, Larry Fink, CNBC's, it's Organizations: BlackRock, U.S, – Locations: BlackRock

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin maintains $70,000, and KuCoin charged with anti-money laundering violations: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Brody, global blockchain leader for EY, discusses the recent resurgence of crypto adoption and what to expect from Ethereum in the near future.

Persons: explainers, Paul Brody, EY Organizations: CNBC Crypto, CNBC

☆ EY's global blockchain leader 'very optimistic' spot ether ETFs will get approved
▼ + stars: | 2024-03-26 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEY's global blockchain leader 'very optimistic' spot ether ETFs will get approvedIn a wide-ranging interview with CNBC Crypto World, Paul Brody, global blockchain leader for EY, discusses the recent resurgence of crypto adoption and what to expect from Ethereum in the near future. The author also explains some of the use cases outlined in his book "Ethereum for Business: A Plain-English Guide to the Use Cases that Generate Returns from Asset Management to Payments to Supply Chains."

Persons: Paul Brody, EY Organizations: CNBC, Business, Asset Management

☆ Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion
▼ + stars: | 2024-03-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Grayscale CEO Michael Sonnenshein said that the crypto fund manager expects to bring fees on its Grayscale Bitcoin Trust ETF down in the coming months, as the nascent crypto ETF market matures. The FTX bankruptcy estate reportedly offloaded the majority of its shares in Grayscale's bitcoin ETF, according to January reporting from Bloomberg and CoinDesk. Grayscale also wants to introduce other ways of giving investors less costly ways of accessing its bitcoin ETF, including a "mini" version of its flagship product — the Grayscale Bitcoin Mini Trust, announced last week. The new BTC ETF would be effectively spun out of the Grayscale Bitcoin Trust ETF and seeded with an as-yet undisclosed portion of bitcoin underlying GBTC shares. The firm is currently awaiting approval from the U.S. Securities and Exchange Commission for its Bitcoin Mini Trust ETF.

Persons: Michael Sonnenshein, Sonnenshein, GBTC, FTX Organizations: NYSE, LONDON, CNBC, Bloomberg, BlackRock, Fidelity, Vanguard, Trust, BTC, U.S . Securities, Exchange Commission, SEC Locations: Grayscale's bitcoin, solana

☆ Why ether's high price could be at risk despite strong supply and demand outlook
▼ + stars: | 2024-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The Ethereum network successfully completed its "Dencun" upgrade on Wednesday, which is meant to help it become faster and cheaper to use. The price of ether has been trading lower since then, which was expected based on the cryptocurrency's behavior following previous tech upgrades. "High activity on the Ethereum network has caused high transaction fees and, consequently, more fees burnt," Julio Moreno, CryptoQuant's head of research, said in a note Wednesday. High transaction activity causes network fees to spike, more fees being burnt and total supply to decrease." They're hoping that the combination of increased activity and the decrease in the supply of ether over time will push the token's price higher.

Persons: CryptoQuant, Julio Moreno, CryptoQuant's, William Ogden Moore Organizations: ETH, They're, bitcoin, Securities and Exchange Locations: Dencun, Solana, U.S

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Apple, Rivian, Micron, Microsoft, Eli Lilly, Amazon & more
▼ + stars: | 2024-03-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi upgrades Thor Industries to buy from neutral Citi said it see a "favorable event path" for the RV company. " Citi initiates Pure Storage as buy Citi said in its initiation of Pure Storage that the data storage company is an AI beneficiary. Citi reiterates Apple as buy Citi said it's standing by its buy rating on shares of Apple. Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon's Spring Sales event next week. Citi reiterates Micron as buy Citi raised its price target on the stock to $150 per share from $95 and says it's bullish heading into earnings next week. "

Persons: Piper Sandler, Piper, Morgan Stanley, RSG, Cummins, Baird, Nvidia, JPMorgan, Tesla, Telsey, Todd Vasos, it's, Stellantis, Five9, PBF, DINO, Truist, Eli Lilly, LLYs, Dave Ricks, Patrik Jonsson Organizations: EV, Bank of America, Adobe, Citi, Thor Industries, Morgan Stanley downgrades Republic Services, UBS, Cummins, CMI, Microsoft, Nvidia, JPMorgan, Guggenheim, Apple, Worldwide, " Bank of America, Micron, Catalyst Watch, RBC, UFC, WWE, Inc, Valero Energy, Sinclair, of America, Entertainment, Golden Entertainment, Diabetes, Obesity Locations: Snowflake, F4Q24, China, Nevada

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether fall as investors press pause on rally: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew O'Neill, managing director and co-chair of S&P Global's Digital Assets Research Lab, explains the significance of Ethereum's Dencun upgrade and the impact of the upcoming bitcoin halving event on miners.

Persons: explainers, Andrew O'Neill Organizations: CNBC Crypto, CNBC, Research

☆ Expect consolidation among bitcoin miners post-halving: S&P Global's Andrew O'Neill
▼ + stars: | 2024-03-14 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect consolidation among bitcoin miners post-halving: S&P Global's Andrew O'NeillAndrew O'Neill, managing director & co-chair of S&P Global's Digital Assets Research Lab, explains the significance of Ethereum's Dencun upgrade and the impact of the upcoming bitcoin halving event on miners.

Persons: Global's Andrew O'Neill Andrew O'Neill Organizations: Research

☆ How Ethereum's Dencun upgrade helps with scalability
▼ + stars: | 2024-03-13 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Ethereum's Dencun upgrade helps with scalabilityTom Schmidt, general partner at the crypto venture capital and research firm Dragonfly, explains how Ethereum's Dencun upgrade helps with scalability. He also weighs in on what's moving crypto markets as bitcoin has been surging to new all-time highs.

Persons: Tom Schmidt

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther dips 0.5% after rollout of network's biggest tech upgrade in nearly a year: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tom Schmidt, partner at the crypto VC and research firm Dragonfly, explains how Ethereum's Dencun upgrade helps with scalability. He also weighs in on what's moving markets as bitcoin has been surging to new all-time highs.

Persons: explainers, Tom Schmidt Organizations: CNBC Crypto, CNBC

☆ Bitcoin's latest rally is mostly an adoption story, says Galaxy Digital CEO Michael Novogratz
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin's latest rally is mostly an adoption story, says Galaxy Digital CEO Michael NovogratzGalaxy Digital CEO Michael Novogratz joins 'Squawk Box' to discuss the latest bitcoin rally, how much of it can be attributed to supply/demand dynamics, what it means for cryptocurrency at large, prospects of a spot ethereum ETF, and more.

Persons: Michael Novogratz Organizations: Galaxy Digital, Michael Novogratz Galaxy Digital

☆ What investors need to know about ‘Dencun,’ Ethereum’s next big tech upgrade
▼ + stars: | 2024-03-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Relative to bitcoin , the initial price action following the upgrade is even weaker historically, with ether underperforming 80% of the time in the first 20 days, Saunders added. Saunders warned, however, that the trading environment for crypto is different today than it was during previous Ethereum network upgrades. The scalability problem Dencun follows the "Shapella" upgrade from almost a year ago, which allowed investors to withdraw their staked ether from the network for the first time. This upgrade is focused on the longer-term goal of enhancing Ethereum's ability to handle more activity and transactions as the network grows. "The Dencun upgrade serves as an important step in addressing this congestion, which hurts users and developers alike."

Persons: Alex Saunders, Saunders, Philipp Zentner, bitcoin –, Duncan Ash, Michael Bloom Organizations: BTC, Citi, ETH, Metrics, Securities and Exchange Commission Locations: U.S

☆ The majority of altcoins launched since 2020 are dead, but bitcoin's latest rally could spark a revival
▼ + stars: | 2024-03-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

72% of crypto projects have died since 2020, a report from Alphaquest and Storible said. On Friday, crypto market capitalization hit a record high of $2.58 trillion. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Since 2020, 72% of crypto projects have died, according to a report published by Alphaquest and Storible. On Friday, the crypto market hit a new record, with capitalization reaching $2.58 trillion, Kuptsikevich wrote in a market update.

Persons: Storible, —, Alphaquest, FTX's, bitcoin, Geoff Kendrick, Alexander Kuptsikevich, Liquid Investments Seth Ginns, Kuptsikevich, Kendrick Organizations: Service, Standard, BTC, Business, CoinFund, Liquid Investments Locations: Alphaquest, altcoins

☆ Cramer's Lightning Round: Transocean is 'too down and out'
▼ + stars: | 2024-03-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Sprout Social's year-to-date stock performance. Stock Chart Icon Stock chart icon MannKind's year-to-date stock performance. Stock Chart Icon Stock chart icon Riot Platforms' year-to-date stock performance. Stock Chart Icon Stock chart icon Transocean's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance.

Persons: Sprout, they're, it's, I've Organizations: Dutch Bros, Halliburton

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin prices recover after retreating from new record: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Dixon, founder and managing partner of a16z crypto, discusses his new book on blockchain technology, blockchain use cases and Ethereum's next big upgrade from ETHDenver.

Persons: explainers, Chris Dixon Organizations: CNBC Crypto, CNBC Locations: ETHDenver

☆ We have not seen the real rallies of technology tokens, says Delta Blockchain's Kavita Gupta
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have not seen the real rallies of technology tokens, says Delta Blockchain's Kavita GuptaKavita Gupta, Delta Blockchain Fund founder, joins 'Squawk Box' to discuss the latest bitcoin rally, state of crypto at large, prospects of an ethereum ETF, and more.

Persons: Kavita Gupta Kavita Gupta Organizations: Blockchain Fund

☆ This has been bitcoin's IPO moment, says Bitwise CIO Matt Hougan
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis has been bitcoin's IPO moment, says Bitwise CIO Matt HouganMatt Hougan, Bitwise CIO, joins 'Squawk Box' to discuss the state of the spot bitcoin ETF market, who the ETF buyers are, latest bitcoin rally, demand outlook, prospect of an ethereum ETF, and more.

Persons: Matt Hougan Matt Hougan Organizations: Bitwise

☆ Bitcoin surpasses $56,000 benchmark, uplifts crypto market in latest rally
▼ + stars: | 2024-02-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Bitcoin , the world's largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting the broader crypto market amid positive market developments and buying from crypto bulls. MicroStrategy , based in Virginia, is currently the largest publicly traded owner of bitcoin. According to Greta Yuan, head of research at digital asset platform VDX, the market was "encouraged by crypto bulls such as MicroStrategy" as well as a "new record of Bitcoin ETF inflows." Most of the cryptocurrency market experienced a lift from the latest rally. Ethereum , the second-largest cryptocurrency by market cap, reached a multi-month high above $3,200.

Persons: MicroStrategy, Greta Yuan Locations: halve, Asia, CoinMarketCap, Virginia, U.S, San Francisco

☆ Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021
▼ + stars: | 2024-02-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. "Today is settlement day for bitcoin futures, which is contributing to the price jump we're seeing," said Ryan Rasmussen, analyst at Bitwise Asset Management. "We're approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. Bitcoin traded flat in the week leading up to Monday, when the breakout began, and put it on track for a 27% monthly gain.

Persons: cryptocurrency, bitcoin, Ryan Rasmussen, Ether, Solana, Polygon's, Microstrategy, Bitcoin, Owen Lau, Oppenheimer, JPMorgan's Nikolaos Panigirtzoglou Organizations: Metrics, Bitwise Asset Management, JPMorgan, CNBC PRO Locations: —

☆ A spot ethereum ETF is 'a matter of when, not a matter of if': Grayscale CEO Michael Sonnenshein
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA spot ethereum ETF is 'a matter of when, not a matter of if': Grayscale CEO Michael SonnensheinGrayscale CEO Michael Sonnenshein joins 'Squawk Box' to discuss calls by Coinbase for the SEC to approve Grayscale's application for a spot ethereum ETF, how likely an approval will be, the state of the spot bitcoin ETF market, crypto trading outlook, and more.

Persons: Michael Sonnenshein, Coinbase Organizations: SEC

— Alex Harring 6:46 a.m.: HSBC sees Snowflake pulling back after rally Snowflake's good news has already been priced in with a recent rally, according to HSBC. Analyst Sara Russo upped her price target by $26 to $72, now implying a smaller downside of 43%. — Alex Harring 6:05 a.m.: Macquarie moves to sidelines on Sony There's reasons for pause on Sony , Macquarie warned. Still, the analyst noted the "many" risks to the stock price, including valuation and if the ETFs become a competitor to Coinbase itself. The bank initiated coverage of the medical technology stock with a buy rating and a price target of $100 per share.

Persons: Ulta, Oppenheimer, Rupesh, Parikh, Alex Harring, Snowflake, Stephen Bersey, Bersey, Bernstein, Sara Russo, Russo, — Alex Harring, Skechers, Jesalyn Wong, Wong, Macquarie, Damian Thong, Thong, deconsolidation, Colin Isaac, Eastman, Isaac, EBITDA, Piper Sandler, Harsh Kumar, Kumar, Kenneth Worthington, Worthington, Sezgi Oezener, Taha Kass, Oezener, Fred Imbert Organizations: CNBC, JPMorgan, HSBC, GE Healthcare, ISI, Distributors, Sony, Macquarie, U.S, Eastman, Eastman Chemical, Nvidia, GE Healthcare HSBC, General Electric, Learning, Amazon, Science & Technology Locations: Wednesday's, Sony's U.S, premarket, Coinbase

☆ Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high
▼ + stars: | 2024-02-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data. The cryptocurrency also broke through the $51,000 level during the day, marking the first time it has hit this price since December 2021. When the halving takes place, the rewards given to bitcoin miners are cut in half, which reduces the volume of the cryptocurrency onto the market. The newly-issued spot bitcoin ETFs recorded net inflows of $1.1 billion last week. ETFs are a product that track the price movement of another asset, in this case allowing investors to play bitcoin price moves without owning the underlying cryptocurrency.

Persons: Bitcoin, bitcoin, Bitcoin's, Ethereum Organizations: U.S . Securities, Exchange, Investors, SEC

☆ Jack Dorsey showed up to the Super Bowl rocking a 'Satoshi' t-shirt
▼ + stars: | 2024-02-12 | by ( Lina Batarags | ) www.businessinsider.com time to read: +3 min

Jack Dorsey was at the Super Bowl. He wore a t-shirt that says "Satoshi," emblazoned in the style of a Nirvana t-shirt. And we saw Jack Dorsey in a t-shirt that's making waves on X, formerly known as Twitter. That's because Dorsey can be seen sporting a black t-shirt that says "Satoshi" in yellow lettering. AdvertisementJUST IN: Jack Dorsey spotted wearing a Satoshi #Bitcoin shirt at the #SuperBowl 🏈 pic.twitter.com/oDUySC5p7X — Bitcoin Magazine (@BitcoinMagazine) February 12, 2024Two things to note here:Satoshi Nakamoto is said to be the inventor of bitcoin.

Persons: Jack Dorsey, Satoshi, —, It's, Tim Cook, Taylor Swift, Dorsey —, Beyonce, Jay, Dorsey, miley, ike Organizations: Super, Service, Twitter

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