Crypto Investment Products Record Highest Inflows in 5 Weeks
The United States recorded the highest crypto investment inflows, totaling $135 million.
On Friday, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Carlos Garza for not giving testimony in the investigation of GAW Miners operations.
The United States recorded the highest crypto investment inflows, totaling $135 million.
Adams said that despite the Republicans’ efforts, Biden can still turn the tables around if he can reverse his stance on crypto and rein in the SEC and Senator Warren’s anti-crypto efforts.
The upcoming final decision on the spot Ethereum ETF in the United States has further caused short-term fear in the altcoin industry.
XRP price, which had already been showing signs of a pullback in the last seven days, experienced a further decline to dip below the $0.5 threshold.
Kraken contends the SEC interpretation of the Howey Test and asks the court to dismiss the case against the exchange.
Ethereum (ETH) price has established a solid support level around $2,972, which could yield a bullish rebound towards its all-time high soon.
The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs.
Earlier this week, GBTC recorded daily net inflow after a very long time of constantly seeing outflows.
Data shows that crypto trading volume for spot and derivatives markets fell for the first time in seven months.
The prominent crypto wallet developer had secured approval for its stock to be listed on the NYSE American.