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☆ Ether pulls back from rally as SEC decision approaches
▼ + stars: | 2024-05-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther pulls back from rally as SEC decision approachesCryptocurrency expert Brian Kelly talks the upcoming decision from the SEC on a possible Ether ETF and how that is impacting crypto prices.

Persons: Brian Kelly Organizations: SEC

CNBC reached out to the SEC about the recent batch of Wells notices sent to crypto firms, and an agency spokesperson declined to comment. Exchanges, both centralized and decentralized, would be forced to choose between registering with the SEC, or delisting ether altogether. watch nowBoth Consensys and Uniswap suggest the SEC's broad approach to classifying securities may be outdated. "The SEC is arguing that the Uniswap protocol is an unregistered securities exchange, and that the Uniswap interface and wallet are both unregistered broker brokers," Ammori said. Uniswap argues in its response to the SEC that the majority of its trading volume is obvious nonsecurities, like ether, bitcoin and stablecoins.

Persons: Marvin Ammori, “ Ammori, Wells, Consensys, overreach, Joseph Lubin, Lubin, “, —, Christopher Gerold, Laura Brookover, Brookover, ethereum, Bill Hinman, Hinman, Patrick McHenry, Gary, Crypto, haven't, Uniswap, Ammori, there's, Alma Angotti, Guidehouse, Coinbase, We've, Christina Rea, We're, CNBC's Jordan Smith Organizations: Securities and Exchange Commission, Uniswap, SEC, Ethereum Foundation, CNBC, Security, New, New Jersey Bureau of Securities, Consensys, Securities, Exchange Commission's, of Corporation Finance, Rep, Robinhood Locations: U.S, Lubin, New Jersey, ethereum, R

☆ Dollar steady; ether fuels crypto rally
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +3 min

Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Against the yen , the dollar rose 0.07% to 156.37 in the early Asian session. However, the still-stark interest rate differentials between the U.S. and Japan maintained the appeal of the yen as a funding currency. Still, the cautious Fed rhetoric has so far done little to significantly alter the market pricing for rate cuts, with investors betting on two cuts this year beginning September. Analysts said the latest crypto rally came on the back of speculation that an approval of spot ether ETFs by the U.S. SEC could be imminent, following in the footsteps of the listing of bitcoin ETFs earlier this year.

Persons: Cryptocurrencies, Carol Kong, Bitcoin, Tony Sycamore Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Commonwealth Bank of Australia, New Zealand, Reserve Bank of Australia's, IG Locations: Japan

☆ Ether extends its rally following 20% surge on renewed ether ETF optimism
▼ + stars: | 2024-05-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. Investors are reconsidering the probability that the SEC greenlights spot ether ETF applications amid reports that the SEC has requested document updates from potential ETF issuers and exchanges. Final decisions on applications by VanEck and Ark Invest are due this Thursday and Friday, respectively. BlackRock, Fidelity, Invesco, Grayscale and Bitwise Asset Management also have applications awaiting decisions this year.

Persons: Cryptocurrencies, Ether, bitcoin, Robinhood, Bartosz Lipiński Organizations: U.S . Securities, Exchange, Metrics, Marathon, Energy, SEC, Cube Exchange, Fidelity, Management Locations: BlackRock

☆ Ethereum surges 22% on speculation ETFs could be approved as soon as this week — and a new bitcoin record might not be far behind
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. AdvertisementAccording to Standard Chartered Head of FX Research Geoff Kendrick, ETF approvals would cement ether's chances of reaching $8,000 by this year's end. AdvertisementSecondly, big outflows are also less likely to be an issue for ether, Kendrick pointed out. Once ether funds are established, the price highs that it can achieve bode well for bitcoin, Kendrick added. "An ETH ETF approval will further legitimise the sector and therefore be BTC positive as well.

Persons: Ethereum, —, That's, Eric Balchunas, Geoff Kendrick, Kendrick, bode Organizations: SEC, Chartered, Service, bitcoin, Securities and Exchange Commission, Bloomberg, Bloomberg Intelligence, Standard Chartered, FX, BTC Locations: VanEck

☆ Stock market today: S&P 500 edges higher to new record as traders brace for Nvidia earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The S&P 500 came close to breaching a new high, as investors gear up for Nvidia earnings on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe S&P 500 closed at a record high Tuesday, as investors gear up for Nvidia's highly-anticipated earnings report. By now, the semiconductor manufacturer has a reputation for leading broader stock market upside and traders are eyeing the release as the next big catalyst as the market heads toward summer.

Persons: Christopher Waller, Crypto, —, cryptocurrency Organizations: Service, Nasdaq, Federal Reserve, ethereum, Here's

☆ Here's why DeFi platforms using Ethereum are facing SEC scrutiny
▼ + stars: | 2024-05-20 | by ( 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 EmailHere's why DeFi platforms using Ethereum are facing SEC scrutinyCrypto World takes a look at the SEC's recent actions against decentralized finance platforms and Ethereum as it prepares to issue a decision on spot ether ETF proposals.

Organizations: SEC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrayscale CEO Michael Sonnenshein steps down, replaced by Goldman exec: 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, Crypto World takes a look at the SEC's recent actions against decentralized finance platforms and Ethereum as it prepares to issue a decision on spot ether ETF proposals.

Persons: Michael Sonnenshein, explainers Organizations: Goldman, CNBC Crypto, CNBC

☆ No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
▼ + stars: | 2024-05-18 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. Edelman, an investor and personal finance author, thinks there needs to be an emphasis on regulations to protect people from crypto scams. We've seen the bitcoin ETFs come to market. We've seen the great things they've done for investors — lowering costs, improving regulation, improving sort of safety, security and peace of mind.," Hougan said. The two ether ETF proposals, submitted by VanEck and ARK Investments/21Shares, are set to be approved or denied this month.

Persons: Ric Edelman, Edelman, CNBC's, Gary, Gensler, Matt Hougan, Bitwise, We've, Hougan, VanEck Organizations: U.S . Securities, Exchange, Digital Assets, Financial Professionals, SEC, ARK Investments

☆ Bitcoin faces 'several' headwinds that will challenge miners in near term, says JPMorgan
▼ + stars: | 2024-05-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Unprofitable bitcoin miners are starting to exit the network after the halving , as expected. But much of their performance relies on bitcoin's price, which still faces several near-term headwinds, according to JPMorgan. However, "we do not see upside for bitcoin prices in the current juncture and if anything we see headwinds over the near term," he added. That was expected to happen after the halving in April, which slashed a key revenue source for bitcoin miners. "The more bitcoin prices decline the higher the number of unprofitable miners that come under pressure to leave the bitcoin network and the larger the result[ing] decline in the hash rate and bitcoin production cost."

Persons: JPMorgan's Nikolaos Panigirtzoglou, Bitcoin, it's overbought, There's, Kong's, there's, Panigirtzoglou Organizations: JPMorgan, Venture, Miners

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises above $65,000 after CPI report shows inflation easing in April: 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, Rob Hadick, general partner at the crypto venture firm Dragonfly, weighs in on what to expect related to the SEC's upcoming expected decision on spot ether ETFs.

Persons: explainers, Rob Hadick Organizations: CNBC Crypto, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ether's supply is growing again and what it means for investors: 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, Julio Moreno, head of research at CryptoQuant, explains why he believes Ethereum's latest upgrade has made ETH inflationary once again.

Persons: explainers, Julio Moreno, Ethereum's Organizations: CNBC Crypto, CNBC

☆ The problem with Ether right now for investors
▼ + stars: | 2024-05-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

While the supply of bitcoin is slowing after the halving , the supply of ether is growing at its fastest rate since 2022, according to CryptoQuant – crushing some investor's dreams of ether as an asset that would grow increasingly scarce. The median transaction fee is about 4x lower now that it was before Dencun for the same level of network activity. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. For many, that idea was a side effect of the primary thesis on Ethereum, which sees it as a growing, scalable transaction network on which to build applications. Network activity would have to increase 3 to 4x to reverse the growing supply trend, if this relationship holds, he said.

Persons: Dencun, Julio Moreno, CryptoQuant's, Ethereum, Moreno Locations: ETH

☆ The likely reason your résumé got rejected
▼ + stars: | 2024-05-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Although the recent grad didn't have tech experience, to Weaver, he'd shown longevity with a company and a desire to take on more responsibility. "The ATS doesn't care. "They don't have time to really parse through a résumé and think if someone may or may not be a fit. Weaver said taking these steps makes it less likely that a résumé will be set aside when a recruiter sorts for certain attributes. Don't fear the etherIt's understandable why people would stress over whether an ATS would block their résumé.

Persons: —, Melissa Weaver, He'd, Weaver, he'd, it's, Mark Jensen, Jensen, Aaron Cleavinger, Cleavinger, you'd Organizations: Service, Business, ATS, Fortune, People, Murdoch

☆ HK spot crypto ETF market has the potential to be double the size of the U.S.: CEO
▼ + stars: | 2024-05-01 | 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 EmailHK spot crypto ETF market has the potential to be double the size of the U.S.: CEOTongli Han, CEO of Harvest Global Investments says the in-kind subscription model for Hong Kong's newly launched spot bitcoin and ether ETFs will appeal to cryptocurrency "native" participants.

Persons: Tongli Han, Hong Kong's Organizations: HK, Harvest Global Investments Locations: U.S

☆ Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision
▼ + stars: | 2024-05-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The logo of the cryptocurrency Bitcoin (BTC) can be seen on a coin standing in front of a Bitcoin chart. Bitcoin on Wednesday plunged sharply to its lowest level in over two months amid broader risk-off sentiment in markets, as investors kept an eye on the U.S. Federal Reserve's upcoming interest rate decision. Crypto market participants are eyeing the upcoming interest rate decision from the U.S. Federal Reserve. The Federal Open Market Committee is due to meet on Wednesday afternoon to discuss its latest policy on interest rates. Markets have become more shaky lately, as investors fret over the prospect of a longer path toward interest rate cuts.

Persons: Bitcoin, Jerome Powell, Geoff Kendrick, Kendrick, Changpeng Zhao Organizations: U.S, U.S . Federal, U.S . Federal Reserve Locations: U.S ., CoinGecko, solana, U.S, Hong Kong

☆ Asia's first spot bitcoin and ether ETFs debut in Hong Kong
▼ + stars: | 2024-04-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Dado Ruvic | ReutersHong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency ETFs were issued by three Chinese firms — China Asset Management, Bosera Asset Management, and Harvest Global Investments — on the Hong Kong exchange. Spot bitcoin ETFs by ChinaAMC, Bosera HashKey and Harvest were above 3% higher in early trading, but subsequently gave up some gains to trade by about 1.5% higher. The three ether ETFs were trading above 1% in the morning, but fell into negative territory by the late afternoon. The spot crypto ETFs had received regulatory approval under the provision of virtual asset management services, but crypto futures ETFs have been trading on the HKEX since late 2022.

Persons: Dado Ruvic, Bosera, Bitcoin, Antoni Trenchev, Nexo, Trenchev, Han Organizations: Reuters, Tuesday, China Asset Management, Bosera Asset Management, Harvest Global, Hong, Hong Kong's Securities, Futures Commission, ChinaAMC, U.S . Securities, Exchange Commission, CNBC, Stock Exchange of Hong, ., Harvest Global Investments Locations: Reuters Hong Kong, Asia, China, Hong Kong, U.S, Singapore, Dubai, Japan, South Korea, Stock Exchange of Hong Kong

☆ Bitcoin and ether drop as investors question the U.S. economy's strength: CNBC Crypto World
▼ + stars: | 2024-04-29 | by ( Jordan Smith | 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 EmailBitcoin and ether drop as investors question the U.S. economy's strength: 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, Anthony Georgiades, general partner at Innovating Capital, discusses investor sentiment in the midst of uncertain U.S. economic data.

Persons: explainers, Anthony Georgiades Organizations: CNBC Crypto, CNBC, Innovating

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether dip to end the week, and crypto firm Consensys sues the SEC: 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, Lyn Alden, founder of Lyn Alden Investment Strategy and board director of Swan Bitcoin, provides insight into bitcoin's performance in the face of macroeconomic pressures.

Persons: Consensys, explainers, Lyn Alden, Swan Organizations: SEC, CNBC Crypto, CNBC, Lyn, Lyn Alden Investment

☆ Standard Chartered doubles down on its prediction that bitcoin will reach $150,000 by the end of the year
▼ + stars: | 2024-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a research note this week that he sees bitcoin rising to $150,000 per coin, and ether hitting $8,000 by the end of 2024 — doubling down on a bullish prediction from the bank earlier this year. Bitcoin temporarily sank below $60,000 last week as traders reacted to news of an escalating military conflict between Iran and Israel. Also, large long liquidations over the past couple of weeks mean that market positioning is a lot cleaner," Kendrick said. "As a result, with Middle East tensions easing I think it is time to re-engage in medium-term longs."

Persons: Geoffrey Kendrick, Kendrick, Bitcoin, bitcoin, That's Organizations: Standard Chartered, BTC, ETH, Securities and Exchange Commission, Treasury, HK Locations: Israel, Iran, United States, U.S

☆ Crypto prices gain to start the week following first Bitcoin halving since 2020
▼ + stars: | 2024-04-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin rose slightly to start the week after the network on Friday completed its fourth ever halving, which reduces the incentives paid to bitcoin miners. The price of the cryptocurrency was last higher by 1.8% at $65,891.28, according to Coin Metrics. Shares of public cryptocurrency miners got a lift premarket Monday, after rallying into the close Friday before the halving, which took place later that day. The biggest miners, Marathon Digital and Riot Platforms , gained about 3% and 5%, respectively. CleanSpark and Iris Energy increased 3% and 4%, respectively.

Persons: CleanSpark Organizations: Metrics, Marathon, Iris Energy

☆ Bitcoin price drops below $60,000 before rebounding ahead of halving
▼ + stars: | 2024-04-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Bitcoin rose above $64,000 on Friday, rebounding from a drop below the $60,000 mark, as the cryptocurrency continues to experience volatility ahead of the upcoming halving event. The volatile trade comes ahead of the upcoming halving, which is slated to take place this week. This is when the rewards for bitcoin miners are slashed in half. Amina analysts said miners are selling their bitcoin ahead of the halving. Net flows through the spot bitcoin exchange-traded funds have been negative since last week, according to Amina analysts — which is putting further pressure on bitcoin.

Persons: cryptocurrencies, Solana, bitcoin, Amina, —, Bitcoin Organizations: bitcoin Locations: bitcoin, Israel, U.S

☆ Bitcoin halving is likely this week — here's what you need to know
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +27 min

And that's, that's the whole idea of it. Tom ChittySo if I go and buy bitcoin, the bitcoin I buy is fresh bitcoin that's been mined, not someone who's selling bitcoin is that right? Arjun KharpalThe likelihood is if you buy bitcoin, if we go on an exchange and buy bitcoin, we're selling bitcoin that's in existence already. And so what they say is, well, with the halving, you know, bitcoin will not be devalued. That's that's really what so many of the enthusiasts and proponents love about it.

Persons: Bitcoin, Tom Chitty, Arjun, we'll, Ethereum, Arjun Kharpal Paris, Kharpal, we've, Arjun Kharpal, Tom Chitty 13,777B, that's, what's, they're, bitcoin, there's, That's, It's, you've, Richard Tang, Richard Teng, I'm, he's, Arjun Kharpal That's, Tom, it's, Tom Chitty That's, I've, Arjun Kharpal It's, they've, Binance, Arjun Kharpal Binance, Changpeng Zhao, cryptocurrency, Jan van Eck, Jean, Marie Mognetti, van Eck, Jan Van Eck, Cathy, Gary Gensler, let's, Tom Chitty Let's, Tom Chitty Oh, There's, Tom Chitty Memecoins, Arjun Kharpal They're, we'd, David Hunt, David, Tom Chitty Poor David, Paris, Tom Chitty We'll Organizations: CNBC, Eurostar, U.S ., Paris, Department of Justice, U.S, CZ, DOJ, SEC, Mr, Gamestop Locations: beyondthevalley@cnbc.com, Paris, CNBC.com, bitcoin, U.S, Abu Dhabi, Binance, Chicago, Pennsylvania, Elmira , New York, NYC , New York City, Syracuse, Elmira, it's

☆ Hong Kong regulators approve launch of spot bitcoin and ether ETFs
▼ + stars: | 2024-04-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Harvest Global and Bosera International have also received SFC approval for bitcoin and ether ETFs, according to the companies. However, Hong Kong has slowly been trying to make itself a regulated crypto hub to compete with places like Dubai and Singapore. Hong Kong's moves come after U.S. securities regulators approved the trade of spot bitcoin ETFs, which have seen billions of dollars of inflows. Hong Kong would be one of the first places in the world to approve an ether ETF.

Persons: ChinaAMC, Bitcoin, Kong's, Yolande Chee Organizations: OSL Digital Securities, ChinaAMC, Hong Kong's Securities, Futures Commission, Harvest, Bosera, Hong Kong SFC, CNBC, U.S . Securities, Exchange Commission Locations: Hong Kong, China, Dubai, Singapore, cryptocurrencies

☆ Bitcoin and other cryptocurrencies tumble amid Middle East tensions
▼ + stars: | 2024-04-14 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Bitcoin had been trading at around $70,000 on Saturday evening but plunged to below $62,000, according to data from the Bitstamp exchange. Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was taking place. The cryptocurrency market suffered heavy selling overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel. In the Middle East, events overnight marked the first instance of a direct attack on Israel from Iranian territory. The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.

Persons: Bitcoin, bitcoin, —, Ruxandra Iordache Organizations: Bloomberg, Tel, Tel Aviv Stock, TA Locations: Israel, Syria, Tel Aviv, London

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