Author: CryptooTimes

Bitcoin

Korean authorities under pressure amid US, Hong Kong crypto ETF moves

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Korean regulators seem to be under pressure as U.S., Hong Kong regulators approved Bitcoin, Ethereum ETFs, sparking debate on crypto’s role in finance. South Korean financial regulators are under mounting pressure to approve exchange-traded funds (ETFs) for cryptocurrencies, following the U.S. Securities and Exchange Commission’s (SEC) recent approval of spot Ethereum ETFs, the Korea Times reports, citing local representatives of both crypto and traditional finance markets. A spokesperson for Xangle, a Seoul-based crypto data provider, criticized Korea’s current approach as “outdated” and suggested that recent actions in the U.S. would likely put more pressure on Korean regulators. “Under the circumstances,…

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Exchanges

Crypto Exchange OKX Withdraws Hong Kong License Application

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

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Sponsored

Excitement rises among SOL, XRP investors as Raboo presale pumps

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and Ripple investors show enthusiasm as the Raboo presale pumps, hinting at potential massive returns. With the crypto bull run looking set to continue, Solana and Ripple investors are excited. However, Raboo is stealing some of their thunder after raising more than $1.4 million in its new memecoin presale. At its current rate of $0.0042, analysts think RABT could pump more than 100x this year. Solana experiences massive growth action Solana’s layer-1 network has become one of the…

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cryptocurrency

Spot Ether ETFs get SEC nod without a vote from Gary Gensler

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The United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs) on May 23, but the approval process was different from that of spot Bitcoin ETFs approved earlier in January. Unlike the spot Bitcoin ETFs, which were approved by a vote from a five-member committee including SEC chief Gary Gensler, the spot Ether ETFs received approval from the SEC’s Trading and Markets Division. The SEC approved the 19b-4 filings from several major financial firms, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton, but did not provide additional comments beyond the official decision. The…

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Bitcoin

Crypto Market Extends Slide Despite SEC Ether ETF Filings Approval

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Bitcoin and ether both experienced wild swings in the run-up to the SEC’s ETF decision on Thursday. ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings was imminent. BTC, meanwhile, sank below $66,500, then spiked to $68,300 before settling just below $68,000. Liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1, CoinGlass data shows. The bulk of the positions were longs betting on rising prices, worth roughly $250 million, suggesting that over-leveraged traders were caught off-guard by the sudden…

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