BTCNews

The U.S. Securities and Exchange Commission (SEC) has officially postponed its decision on whether to approve the listing of Franklin Templeton's proposed Exchange-Traded Fund (ETF) linked to the XRP cryptocurrency . This extends the agency's review period by an additional 45 days. SEC Takes Extra Time to Evaluate Franklin XRP Fund Filing 🤔 In an announcement made Tuesday, the SEC stated it would defer its decision on the Cboe BZX Exchange's proposal to list and trade shares of the Franklin XRP Fund . This fund is structured as a commodity-based trust tied directly to the value of XRP . The commission cited the need for more time to properly evaluate the proposed rule change, pushing the decision deadline back. The original filing was submitted by Cboe BZX on March 13th, seeking to list the ETF under its existing rules for commodity-based trust shares. Key details of the process so far: Initial Filing: March 13th by Cboe BZX Exchange . Pu...

The overall cryptocurrency economy saw a slight uptick on Tuesday, climbing 0.51% over the past 24 hours to reach a total market valuation of approximately $2.98 trillion . Leading the charge, Bitcoin (BTC) posted a 0.5% gain, while Ethereum (ETH) increased by 1.5% within the same period. Among altcoins , the SAFE token stood out with a significant jump of over 23% today, while AI16Z appreciated by 9.29% against the US dollar. 📈 (Image Alt Text Idea): Chart showing modest gains in the overall crypto market cap alongside Bitcoin and Ethereum price movements. Crypto Markets Mirror Wall Street's Subtle Moves Amid Policy Fog Market data reveals that global crypto trading volume settled around $73.84 billion on Tuesday. This represents a noticeable 19% decrease compared to the volume recorded on Monday, suggesting slightly less conviction or activity in the market. Looking at the majors: Bitcoin (BTC) price action was relatively subdued, oscillating between $94,644 and $94,85...

Federal prosecutors are pushing for a judge to sentence former  Celsius Network CEO Alex Mashinsky  to  at least  20 years behind bars for allegedly orchestrating a multi-year  fraud scheme  that resulted in over  $550 million in losses  for  cryptocurrency  investors. Mashinsky's Alleged $48M Haul from  Celsius Collapse  Warrants Tough Sentence, Prosecutors Argue In a detailed  sentencing memorandum  filed on April 28th, the  U.S. Attorney's Office for the Southern District of New York (SDNY)  accused  Mashinsky  of waging a "years-long campaign of lies." They allege he promoted  Celsius  as a safe, bank-like investment while secretly diverting billions in customer funds into high-risk, often uncollateralized ventures and actively manipulating the market price of the platform's native  CEL token . Mashinsky , 59, pleaded guilty back in December 2024 to serious charges in...

Big news for the  Bitcoin  ecosystem! The  Stacks Asia DLT Foundation  has officially registered within the  Abu Dhabi Global Market (ADGM) , marking a significant milestone as the  first   Bitcoin -based foundation to establish a presence in this prominent international  financial hub  🇦🇪. Bitcoin L2  Projects Gain Support with New  ADGM  Registration ✅ According to the announcement shared with Bitcoin.com News, this strategic move by the foundation aims to bolster the development and adoption of  Bitcoin Layer 2 (L2)  technologies across the  Middle East  and  Asia . By leveraging  ADGM's  established  Distributed Ledger Technology (DLT)  framework, the foundation plans to collaborate with regional partners to significantly advance  Bitcoin's programmability  and overall utility. Stacks , the entity associated with the foundation, operates a well-known ...