Coinedition
Franklin Templeton’s and Hashdex’s spot BTC-ETH ETFs were approved by the SEC. Bitcoin dropped as low as $95.5K while ETH dipped to $3.3K in the past day. Spot BTC and ETH ETFs recorded $680 million and $60.4 million in outflows on Thursday, respectively.
MiCA rules force EU exchanges to delist Tether’s USDT, causing liquidity issues for crypto traders. Tether’s absence in the EU market pushes traders to use fiat or lower liquidity stablecoins. New stablecoin issuers are stepping up to fill the gap left by Tether’s removal in Europe.
Ripple has partnered with Archax Exchange and abrdn plc to expand RWA tokenization. Blockchain platforms make the financial market transparent, efficient, and accessible. Ripple has allocated $5 million into the tokenized abrdn fund.
BlackRock’s Bitcoin explainer video includes a disclaimer about the potential for changing Bitcoin’s 21 million supply cap. Sebastian Perez criticizes the disclaimer for undermining Bitcoin’s core principles. Bitcoin developers Adam Back and Peter Todd clarify that altering the supply cap is highly unlikely and would require community consensus.
The cryptocurrency market lost nearly $1.25 billion on Thursday. Fed chair Jerome Powell announced hawkish predictions for 2025. Analysts believe the crypto market pullback is temporary.
Revolut has added Binance Coin (BNB) to its platform, expanding its crypto offerings. Changpeng Zhao (CZ) of Binance expressed his satisfaction with the listing on X. BNB is currently trading at $640, down by 8% over the past 24 hours.
Thursday’s crypto market crash has prompted several reactions. Crypto analysts believe the pullback will not last long. Investors search for crucial buy zones amid ongoing crypto market decline.
Bitcoin printed a new all-time high at $77,252.75 on November 8. BTC RSI confirms that the price of the digital asset hasn’t reached the top. The Rainbow Chart also confirmed that BTC top is yet to arrive.
The SEC has delayed its decision to approve options trading on Ethereum ETFs on the NYSE. The delay is due to the additional time required to review the proposal and assess its market implications. The agency aims to analyze if the proposal complies with the Securities Exchange Act.
Bitcoin surged above $77K after the Fed cut interest rates to 4.50%-4.75%. The Fed chair announced a 25 basis point interest rate cut after the FOMC meeting. Jerome Powell said the rate cut had nothing to do with Donald Trump’s election victory.
