Category: SEC



Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTC


Bitcoin ETF Approval Expected by Month's End, Prominent Hedge Fund Puts More Weight Behind BTCThe price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas […]






SEC Delays 4 Bitcoin ETF Deadlines — Regulator ‘Finds It Appropriate to Designate a Longer Period of Time’


SEC Delays 4 Bitcoin ETF Deadlines — Regulator 'Finds It Appropriate to Designate a Longer Period of Time'On Friday, the U.S. Securities and Exchange Commission (SEC) has delayed four bitcoin exchange-traded funds (ETF) deadlines for another 45 days. The regulator notes that the entity needs more time to decide on the ETF applications. Global X, Kryptoin, Valkyrie, Wisdomtree Bitcoin ETF Deadlines Extended The Kryptoin Bitcoin ETF, Global X Bitcoin Trust, Valkyrie XBTO […]



SEC Chairman Gary Gensler Looks Forward to Review of Bitcoin Futures ETF Filings


SEC Chairman Gary Gensler Says He Looks Forward to Review of Bitcoin Futures ETF FilingsThe chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explains that some laws provide “significant investor protections” for exchange-traded funds (ETFs), including those seeking to invest in bitcoin futures. He looks forward to seeing the SEC’s review of such filings. SEC Chairman Looks Forward to Staff’s Review of Bitcoin Futures ETF Filings […]



DeFi farmers boast about gaming dYdX airdrop as prices surge


DeFi farmers are claiming to have made hundreds of thousands of dollars by gaming dYdX ‘s recent airdrop.

As dYdX’s governance token gains amid speculation that Chinese traders could be migrating to the derivatives DEX, savvy DeFi farmers are claiming to be sitting on six-figure stashes after gaming the protocol’s recent airdrop.

DYDX has gained 85% in two days as reports claim that China’s crypto traders are converging on the decentralized margin trading protocol as Beijing moves to further crack down on digital assets.

DYDX/USD: CoinGecko

The exchange’s governance token was airdropped to users on Sept. 8. As the number of tokens received by users was determined by historic trading activity on the exchange, news of the airdrop drove a flurry of activity as farmers flocked to the platform to capitalize on the free tokens.

With DYDX tokens currently trading at $21 and its market capitalization surpassing $1 billion, many airdrop recipients have made off with significant profits.

Some users have taken to Twitter to boast of their airdrop earnings, describing how they sought to game the protocol by trading the same assets on the platform between multiple wallets under their control to qualify for hundreds of thousands worth of rewards.

Twitter user Daniel Que tweeted that their airdrop is “worth $420K now,” noting that he would have been excluded from the event if he were still residing in the United States

“Moving to Taiwan (and not getting a Green Card) was a good call,” he said.

Others were not so lucky, with many users complaining about having been “protected” from the airdrop by the U.S. Securities and Exchange Commission.

Related: Derivatives DEX dYdX beats out Coinbase’s spot markets by volume amid China FUD

DYdX has seen impressive fundamental growth this year, with derivatives volume gaining 2,583% over a 3 month period since June 30. On Sept. 27, the margin trading DEX’s daily volume outpaced that of leading U.S. spot exchange Coinbase for the first time.

The total value locked on the platform has just hit an all-time high of $503 million according to L2beat, which ranks it as the second-largest layer-two network by total value locked (TVL) behind Arbitrum. The exchange currently represents 20% of all second-layer TVL.




US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies


US Senator Calls on SEC Chairman to Provide Regulatory Clarity on CryptocurrenciesA U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities involved or the rationale for their status as securities, which would have provided much-needed public regulatory […]


Altcoin roundup: There’s more to DeFi than just providing liquidity


Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi. The growth of the decentralized finance (DeFi) ...