SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies and futures.
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
Rhodium Encore LLC, a Bitcoin mining firm based in Texas, has received court approval to pursue a financing plan during its Chapter 11 bankruptcy proceedings. The firm faces a debt of $100M. On Friday, the company was granted permission to choose between receiving $30 million in U.S. dollars or 500
Ethereum has made significant progress in becoming a more efficient data availability [DA] layer for roll-up, thanks to advancements like Dencun and EIP 4844. However, this transition brings its tradeoffs. As per Galaxy expert, Christine Kim, this shift comes at a cost to protocol revenue and has not entirely solved the issue of high DA […]
Galaxy launched a $113 million crypto fund on the week of the debut of the first spot Ether ETFs in the US. Nansen has also launched the industrys first Ether ETF analytics dashboard.
A Grayscale executive said the products will provide traditional investors with exposure to an asset that has the potential to transform the entire financial system.
The approved spot Ether ETF applicants included BlackRock, Fidelity and Grayscale, and are expected to bring billions of dollars into the ecosystem.
The BlackRock and Fidelity Bitcoin ETFs led the $310 million in inflows, while Grayscale recorded a rare inflow day at $23 million.
The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market.
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May.
The violin once belonged to Russian Empress Catherine II, also known as Catherine the Great.
A Galaxy Digital report reveals Ethereums decentralized governance avoids direct on-chain voting, detailing key stakeholder roles and transparency challenges.
Mike Novogratz discusses the substantial market presence of memecoins, with a focus on their narrative and investment potential.
The post Galaxy Digital CEO believes meme coins have more to offer than laughs appeared first on Crypto Briefing.
Galaxy Digital Gets Green Light for US Headquarters and NASDAQ Listing Galaxy Digital Holdings, a leading cryptocurrency investment firm, has successfully received approval for establishing its headquarters in the United States. This milestone paves the way for Galaxy Digital’s forthcoming listing on the NASDAQ exchange. The move to establish a US domicile and list on [...]
The US SEC has extended the review period for Invesco Galaxy's application for a spot Ether ETF, with the deadline set for July 5. This follows similar delays for eight other potential Ether ETF issuers, including VanEck. Analysts express skepticism. (Read More)
Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.
After being dismissed by the Delaware Court of Chancery in 2023, the states supreme court ruled the definition of the merger agreement between BitGo and Galaxy was ambiguous.
The Head of Research at Galaxy Digital, a crypto-focused financial services firm, believes that both Wall Street and corporations will continue to adopt Bitcoin as we move into an age in which its normalized.
Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move. Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, Whats Next? His accompanying chart showed that the XRP price could rally to almost $40 on this breakout. The analyst seems convinced that the altcoin could witness such a parabolic move, considering that XRP surged by 61,000% in 280 days in 2017. The chart also showed that the altcoin will likely reach this target sometime next year. Crypto analyst Egrag Crypto has also stated that he expects the XRP price to reach between $27 and $33 in this market cycle. He believes that a repeat of the 2017 historical performance makes these price targets achievable for the altcoin. The analyst has also alluded to factors such as the XRP ETFs and Ripples expansion as factors that could drive this price surge. Meanwhile, crypto veteran Raoul Pal also affirmed that the XRP price has enough room to rally to the upside from its current level. He highlighted a bull flag that had formed for the altcoin, following its consolidation phase after last years rally. The veteran expects XRP to witness a bullish continuation after this consolidation phase, possibly rallying to as high as $5. This would mark a new all-time high (ATH) for the token. The Altcoin In A Bullish Phase Crypto analyst CobraVanguard asserted that the XRP price is in a bullish phase, while highlighting a falling wedge pattern that was forming for the altcoin. He remarked that this pattern indicates the altcoins potential to reach $3. However, the analyst warned that this setup could be invalidated if the wedge pattern is broken downwards with the strength of bearish candles. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing Meanwhile, crypto analyst Dark Defender noted that the XRP price is currently in Wave B of its Wave 2 corrective move. He predicts that the altcoin could rally to its current all-time high once the B and C waves are completed in this corrective wave. The analyst is also confident that the altcoin can rally to double digits in the long term. He once predicted that the altcoin could reach $18 based on his Elliott Wave Theory analysis. At the time of writing, the XRP price is trading at around $2.38, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.