Discover the latest trends shaping Bitcoin journey post-Ether ETF approval, investor preferences, the rise of Layer 3 protocols, and Ethereum’s decoupling.
Author: Ravi Kumar
“The ability for holders to stake their bitcoin whilst retaining their keys is a significant breakthrough. It is a hard problem that has been solved by Babylon,” states Bullish Capital CEO, Alasdair Foster.
The massive transfer is likely part of a strategy to repay the 127,000 creditors who have been waiting since 2014 for reimbursement following the exchange’s collapse.
This announcement comes just a day after the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act.
Despite bipartisan support, SEC Chair Gary Gensler warned that the bill might undermine existing securities laws and endanger both investors and the broader capital markets.
WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) are likely to commence trading by May 28, offering exclusive access to professional investors.
Traditionally, SEC requests for modifications precede approvals, indicating a possible shift in the agency’s stance towards crypto ETFs.
This marks a significant shift from previous rigid stances, contrasting with the RBI’s ongoing concerns over macroeconomic risks and fiscal stability.
“As the digital asset market has matured, compiling over a decade of historical data, institutional investors are now seeking alpha opportunities that can only be realized through systematic risk-managed strategies,” states HD Co-Founder and Portfolio Manager, Chris Sullivan.
“Implementation of the new SMPC system enabled the Worldcoin Foundation to delete old iris codes by permanently encrypting them to SMPC shares that by themselves cannot be related to an identified person,” states Jannick Preiwisch, Data Protection Officer of the Worldcoin Foundation.