Business
The NEAR Foundation has trimmed its headcount as it seeks to consolidate the team into focusing on a “higher-impact set of activities.”
Bitcoin
The global investment manager said the newly SEC approved exchange-traded funds “don’t align” with its broader investment offerings.
Long-term investors have been selling BTC in the last week, after more than a year of buying, according to blockchain analytics firm Glassnode.
Regulation
Hacks and communication failures were the only appropriate ending to the regulators’ many years of wrongheaded misbehavior.
Ether has risen as much as 9% in the last 24 hours on expectations that a spot Ethereum ETF will get approved next.
The company previously attempted to go public in 2022 through a SPAC merger but that deal fell through.
Spot Bitcoin ETFs are launching to much fanfare. But the reason has little to do with the original cryptocurrency’s actual accomplishments, which is why in the long run, this day will be a minor footnote in Bitcoin history.
Ethereum
Bitcoin saw relatively modest price action compared to some popular altcoins, which saw double-digit gains after the SEC approved 11 spot BTC ETFs on Wednesday.
The company behind the XRP token reportedly plans to buy back $285 million worth of shares, valuing the firm at $11 billion.
Within the U.S. Securities and Exchange Commission and outside of it, central players in the spot Bitcoin ETF approval process did not hold back their strong opinions for and against the agency’s order.
