LMBO and REKT: Direxion debuts leveraged ETFs tracking crypto equities
Despite the fun-sounding tickers, the two newly launched Direxion funds saw less than $50,000 in combined trading volume on their first trading day. Go to Source
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SEC considers spot Ether ETF application from ProShares
The commission approved 19b-4 filings from eight asset managers in May, but they won’t begin trading on U.S. exchanges until the SEC signs off on the S-1 registration statements. Go to Source
BlackRock and Citadel back new Texas national stock exchange
The Texas Stock Exchange (TXSE) reportedly secured around $120 million in funding and is prioritizing ETF listings, as well as aiming to offer a more competitive alternative to the two major US stock exchanges. Go to Source
Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This’
On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took to social media, asserting that “bitcoin fixes this.” NYSE Disruptions Trigger Stock Falls; … Read more
Warren Buffett’s Berkshire Hathaway did crash 99% …against Bitcoin since 2015
Allocating just 1% of Berkshire Hathaway’s portfolio to Bitcoin could have boosted Warren Buffett’s profits by over 25%. Go to Source
Chainlink co-founder notes importance of oracle networks following NYSE glitch
Sergey Nazarov explained how Chainlink could remedy centralized points of failure inherent in centralized information processing systems. Go to Source
NYSE Partners With Coindesk for Bitcoin-Tracking Financial Products
The New York Stock Exchange (NYSE) has teamed up with Coindesk Indices to develop cash-settled options contracts that track bitcoin prices. These contracts, based on the Coindesk Bitcoin Price Index (XBX), are currently in the planning stage and awaiting regulatory approval. NYSE and Coindesk Indices Forge New Path With Bitcoin Options Contracts The proposed New … Read more
Ethereum’s lackluster performance has little to do with spot ETH ETF approval
Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty. Go to Source
Ethereum rally stalls at $3.8K — Is SEC ETH ETF decision already priced in?
ETH price gained 25% off mere rumors, but Ethereum derivatives data suggests that Ether could see even more upside. Go to Source
SEC contacted exchanges to update spot Ether ETF applications: Report
Officials reportedly contacted the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange to make updates and changes to existing spot Ether ETF applications. Go to Source
