Over the past decade, the SEC has rejected as many as 30 spot Bitcoin ETF applications from firms such as Gemini, Fidelity, and WisdomTree.
Hanke’s commentary follows barely 24 hours after the US inflation rate for June came in lower than expected at 3%.
Technology stock popped up on Wednesday with easing yields. Analysts still expect the Federal Reserve to proceed with a rate hike later this month.
The Federal Reserve is expected to raise interest rates at its July meeting, according to market estimates.
Sources familiar with the matter said that the two players have been negotiating over valuations. They also stated that SoftBank’s founder Masayoshi Son is trying to find big investors for Arm, as SoftBank has plans to liquidate its stake.
Before the end of 2023, SoftBank may finalize IPO efforts in the US for PayPay and Arm.
Meanwhile, some Coinbase executives, including CEO Brian Armstrong, have been taking advantage of the stock’s rally in recent months.
Cramer has enough reason to believe that investors are better off keeping their money in the Magnificent Seven than other stocks.
The judge ruled that the FTC lacked to show how the acquisition of Activision Blizzard by Microsoft will lessen competition in the gaming industry.
Coinbase will now join market surveillance sharing for Cboe ETFs even as market sentiments suggest BlackRock will win SEC approval.
Matthew Ryan, head of market strategy at global financial services firm Ebury, anticipates that the central bank will hike interest rates to around 6.35% within the first three months of next year.
Temasek adopted a cautious approach and slowed down its investment pace, with a net investment of $3 billion in the 12 months ending March 31.
BlackRock is set to become the first asset manager to launch a fund that tracks the price of Bitcoin.
According to Grayscale, the only way to eliminate SEC’s unequal treatment of BTC ETPs is “to allow proposed spot bitcoin ETPs like Grayscale’s to begin trading”.
Before the stock split filing, Astra created a subsidiary to sidestep hiring rules and also offer financial leeway for borrowing.