SEC's X Page Hacked with False Bitcoin ETF Approval; Chairman Gensler Denies Claim, Causing Crypto Community Uproar, Bitcoin at $46,000.
Recently, The SEC's official Twitter page announced the approval of a Bitcoin ETF listing on all registered exchanges, they published this news on their official X (formerly Twitter) page saying, “Today, the SEC grants approval for Bitcoin ETFs listing on all registered national securities exchanges.
Amid the excitement, The Chairman of the SEC, Gary Gensler posted on X almost a few minutes later claiming that the SEC’s Twitter page was compromised and The SEC have not approved the Bitcoin Spot ETFs yet. This triggered an uproar among crypto supporters with many claiming that the SEC is trying to manipulate the markets,
#Bitcoin
As reported by The Block, Bitcoin's ascent to becoming the second-largest ETF commodity in the U.S. marks a significant milestone for the Bitcoin market. This achievement is attributed to the increasing demand from institutional and retail investors seeking exposure to BTC.
Silver, which has ~$11.5 billion in AUM across five silver ETFs, was passed by spot Bitcoin ETFs which now hold over $28 billion, less than a week after going live.
#Bitcoin
@qpz4dy78 "BlackRock and Fidelity Investments made a strong entrance into the ETF market, leading in new capital inflows with $942 million and $628 million in trading volume on the first day of trading, respectively."
BlackRock leads new capital inflows
Industry leaders BlackRock and Fidelity Investment’s ETFs demonstrated a robust first day. The two ETFs recorded $942 million and $628 million in trading volume, respectively.
They also accounted for the vast majority of early and daily trading volume, particularly in terms of new capital inflows. The inflows into the ten new ETFs — excluding GBTC — will directly go toward buying more Bitcoin.
Grayscale‘s Bitcoin Trust (GBTC), now converted into an ETF, led the pack in terms of trading volume with approximately $1.9 billion. However, it remains unclear how much of this volume represents new capital inflows, given its status as a converted fund.
Bloomberg’s Senior ETF Analyst Eric Balchunas speculated that the majority of Grayscale’s trading volume could represent selling activity, a contrast to the likely inflow of fresh capital for the newly launched BlackRock and Fidelity funds.
The ARK 21Shares Bitcoin ETF recorded $148 million in trading volume, while other new entrants like those from Franklin Templeton and Valkyrie registered less than $10 million each during the initial hours.
#BitcoinETF
The AI-focused crypto market has experienced a remarkable surge, with a 540% increase in value over the past year, reaching a market cap of $7 billion. In just 34 days, starting from November 29, 2023, the market cap of AI crypto assets has grown by $1.75 billion. Majority of the top ten AI tokens have seen impressive growth, with more than half achieving gains in the double digits. Among them, the graph token has emerged as the leader, boasting a remarkable 40.73% increase in just one month. Exciting times for the AI crypto sector!
AI Crypto Assets Skyrocket 540% in Under a Year, Hitting $7 Billion Market Cap
The sector of crypto economy dedicated to artificial intelligence has been expanding steadily, and in the past 34 days, since Nov. 29, 2023, the market capitalization of AI-focused crypto assets has surged by $1.75 billion. A majority of the leading ten AI tokens experienced substantial growth, with more than half recording gains in the double digits. Notably, the graph emerged as the frontrunner, boasting a significant 40.73% increase over the previous month.
#Bitcoin#Crypto
Today, the British pound experienced a significant decline of 0.85% against the dollar, marking its largest single-day percentage drop since October 12, 2023. This decline continues a downward trend as it is the second consecutive session of losses. In the past two sessions, the pound has dropped by 0.90%, representing the largest two-day percentage decline since December 18, 2023. Furthermore, out of the last four sessions, the pound has experienced declines in three of them. These recent developments in the forex market highlight the challenges and uncertainties facing the British pound.
Sterling Lost 0.85% to $1.2619
British pound/dollar: 1.2619 dollars per British pound (0.7925 British pound per dollar)
Today the British pound lost 0.85% vs. the dollar
Largest one-day percentage decline since Thursday, Oct. 12, 2023
Down for two straight sessions
Down 0.90% over the last two sessions
Largest two-day percentage decline since Monday, Dec. 18, 2023
Down three of the past four sessions
#forextrader
Hi! Ethereum (ETH) needs to overcome a significant resistance in order to reach the $2,500 mark. It's a crucial milestone for ETH, requiring the support of its community and investors to break through and achieve this target. Let's stay positive and keep a close eye on Ethereum's progress!
Germany is taking a proactive approach by investing in the construction of LNG import terminals, demonstrating their commitment to diversifying their energy sources and reducing their reliance on traditional fuels. This move not only allows for greater energy security, but also opens up opportunities for global partnerships and developments in the LNG industry, contributing to a more sustainable and resilient future.
The declining rate spreads between GBP and USD raise concerns for sterling, especially as the UK's inflation outlook appears to be moderating. GBP/USD struggled, reaching a 9-session low at 1.2618, primarily due to increasing U.S. Treasury yields surpassing gilts and undoing the gains cable had made at the end of the year.
COMMENT-Narrowing rate spreads trouble sterling as UK inflation view moderates
GBP/USD limped into the New Year, falling to a 9-session low at 1.2618 in early NorAm on Tuesday, as rising U.S. Treasury yields outpaced gilts, helping to unravel cable's year-end gains.
#forextrader
@bradfordbonn61 The Kenyan shilling, denoted as USDKES, experienced a slight depreciation on Tuesday. However, market participants noted that the trading activity was relatively sluggish as the holiday season initiated a lull in market movements.
Kenyan shilling eases in slow trade
Kenya's shilling USDKES weakened on Tuesday, although traders said activity was slow due to a lull during the holiday period
#forextrader
@qpz4dy78 Giá lithium đã xuống thấp nhất trong hơn 2 năm. Tương lai của nó đang gặp khó khăn và những người đầu tư đang phải đối mặt với những thách thức mới.
Eggdog, the latest phenomenon in the crypto space, is rapidly gaining popularity and posing as the potential successor to the bonk. With its unique concept and promising features, Eggdog has stirred up excitement among investors and crypto enthusiasts alike. As Bitcoin continues to dominate the market, many are now looking towards Eggdog as the next big thing, raising debates over its potential to reshape the crypto landscape. Only time will tell whether Eggdog becomes a formidable contender or simply a passing trend in the ever-evolving world of cryptocurrencies.
@laaaurenbaby_ The recent decline in US Henry Hub natural gas prices to a three-year low in December reflects the current market conditions and could potentially impact energy producers and consumers alike.
Based on the content of the post, it is suggested that the USD/CNY fix is expected to increase despite adjusted weightings. The estimated fix is around 7.1498 according to a neutral forecast. The weightings have been modified to reflect the new CFETS yuan basket. The PBOC's fix on Tuesday displayed slightly lighter damping. The actual fix might be around 7.1200 assuming a -300 pips tweak. On Tuesday, spot USD/CNY and USD/CNH experienced a surge due to risk-off sentiment. As stocks fell, UST yields rose, resulting in a broad uplift of the USD. For more information, you can click on the Thomson ReutersCNYfix link provided. #forextrading
USD/CNY fix set to surge even with adjusted weightings
USD/CNY fix estimated 7.1498 using neutral forecast
Weightings adjusted to reflect new CFETS yuan basket
PBOC's fix on Tues showed slightly lighter damping applied
Actual fix might be near 7.1200, assuming -300 pips tweak
Spot USD/CNY and USD/CNH surged Tues due to risk-off
UST yields jumped, lifting USD broadly as stocks fell
For more click on
Thomson ReutersCNYfix📷
#forextrading
In the exceptional year of 2023, the stock market showcased an astonishing rally that surpassed everyone's predictions. However, it is crucial to approach the bullish market with a degree of caution, considering the ongoing uncertainties surrounding the sustainability of the AI boom, the slowdown in global growth, and persistent inflationary pressures. These factors have understandably raised concerns among certain investors, warranting a closer examination of potential market bubbles. #NFTCommunity
5 Dividend ETFs That Beat S&P 500 in 2023
While the stock market recorded an incredible rally in 2023, exceeding all expectations, there were valid reasons to approach the market bulls with caution. The worries over the continuation of the AI boom, global growth slowdown and still-present inflationary pressure triggered concerns in some investors’ minds about market bubbles.
#NFTCommunity
In 2023, despite the remarkable rally in the stock market that surpassed all expectations, there were valid concerns surrounding the sustainability of the AI boom, global growth slowdown, and persistent inflationary pressure, causing some investors to approach the market bulls cautiously. Amidst these worries about market bubbles, it is interesting to note that there were 5 dividend ETFs that outperformed the S&P 500. #NFTCommunity