Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Cantor Fitzgerald's Elliot Han"


5 mentions found


Bitcoin is poised to end August on a down beat despite the crypto industry scoring a milestone win on the regulation front. Bitcoin recently jumped 7% after a federal appeals court sided with Grayscale over the Securities and Exchange Commission in a key crypto ETF case. While crypto investors have a lot to cheer, it hasn't been reflected in prices, and bitcoin could remain rangebound throughout September. All eyes on Washington September kicks off with an anticipated update from the SEC on at least one spot bitcoin ETF application. On Thursday afternoon the agency delayed its decisions on bitcoin ETF applications from WisdomTree and Invesco.
Persons: Bitcoin, Rob Ginsberg, Will Tamplin, Tamplin, Cantor Fitzgerald's Elliot Han, Han, Kristin Smith, They're, — CNBC's Michael Bloom Organizations: Metrics, Securities and Exchange Commission, Wolfe Research, SEC, Fidelity Locations: Washington, Bitwise, BlackRock
And, in that same earnings call earlier this year, Novogratz said Galaxy hired some traders based in Hong Kong. Just this week, Societe General 's crypto arm received approval by France's financial regulator to offer crypto services, including crypto assets. The next month, Hong Kong implemented a new licensing regime so crypto exchanges can serve retail customers. Hong Kong, in particular, has tried to position itself as an international hub for crypto. Galaxy Chief Investment Officer Chris Ferraro echoed that sentiment in a recent "Crypto World" interview.
Persons: , Mike Novogratz, Brian Armstrong, Novogratz, Cantor Fitzgerald's Elliot Han, Dean Sovolos, Lily King, Cobo, Owen Lau, Chris Ferraro, Kraken –, Binance, Han, we're Organizations: BlackRock, SEC, Washington, Galaxy, United, Gemini, Payment, Societe, European Union, Crypto, Assets Regulatory Authority, Financial, Oppenheimer, U.S, Coinbase, Huobi, BTC Locations: U.S, Europe, Hong Kong, Abu Dhabi, Dubai, Bermuda, United Arab Emirates, Asia, Gurgaon, India, Singapore, United States, East, VARA, B2C2, Silicon, London, Berlin, China
Ripple's XRP token surged more than 30% at one point on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 28.90% at about 60 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities either. Polygon's matic token gained 11%, while litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. "Also, it will likely have an important impact on the Binance and Coinbase lawsuits."
Persons: Ripple's, XRP, Cantor Fitzgerald's Elliot Han Organizations: of, Metrics, Solana, CNBC Locations: Southern, of New York, U.S
Don't get too carried away though – crypto is still part of the broader market, which remains in a challenging macro environment. Before the recent rush of applications to launch U.S. spot bitcoin ETFs injected new optimism in the crypto market, it was a frustrating second quarter for traders. Between the end of the banking crisis in May and the BlackRock bitcoin ETF filing on June 15, regulatory pressure weighed heavily on sentiment and bitcoin traded sideways. Regulation and ETFs Beyond the macro backdrop, it's clear developments in U.S. regulation and ETF applications will continue to be the main themes in the third quarter. Don't get too carried away though – crypto is still part of the broader market, which remains in a challenging macro environment.
Persons: it's, Christopher Ferraro, Powell, hasn't, Ferraro, Cantor Fitzgerald's Elliot Han, bitcoin, Han, we're, " Ferraro, Dado Ruvic, Ruvic Organizations: BlackRock, Galaxy Digital, CNBC, Federal Reserve, Securities, Exchange, Fidelity, Galaxy, SEC, REUTERS, Reuters Locations: BlackRock, , U.S, Europe, Hong Kong, London
It may look and feel like crypto has lost its shine for institutional investors, but their interest is still there to stay and may even be maturing, according to Cantor Fitzgerald's Elliot Han. Han, who leads the firm's crypto, blockchain and digital assets investment banking, told CNBC's "Crypto World" that those who have remained in crypto are exploring its different use cases. "There was all this crypto, blockchain hype and euphoria. Now, "we're seeing a lot more maturity," Han said, attributing it to regulation "slowly coming into place" and "more institutional players coming into the space." Most of the large banks like JPMorgan and Goldman Sachs that began experimenting seven years ago are still in the market, Han said.
Total: 5