In a series of tweets, John Deaton, a well-known pro-XRP lawyer, has raised serious allegations concerning potential conflicts of interest within the U.S. Securities and Exchange Commission (SEC). These allegations revolve around the actions of former SEC Chairman Jay Clayton and the regulatory body’s approach towards cryptocurrencies, particularly Bitcoin (BTC),…
Everyone from TradFi leaders to the crypto cognoscenti predicts that the tokenization opportunity runs to the tens of trillions. While we’ve already seen some compelling use cases, these are a drop in the ocean compared to the flood of digitized assets that could move on-chain in the next few years.…
In a new analysis, JPMorgan has raised concerns about the potential outflow of funds following the possible conversion of Grayscale Bitcoin Trust (GBTC) into an ETF. The banking giant estimates that the conversion could prompt investors to withdraw at least $2.7 billion. The Grayscale Bitcoin Trust, a pivotal force in…
Securities and Exchange Commissioner Hester Peirce added another jolt of liveliness to the ever-frenzied discourse surrounding the potential of a spot Bitcoin ETF, expressing in a recent interview her belief that the SEC shouldn’t stand in the way of the ETF’s approval. “I think I’ve been very transparent that I’ve…
The asset tokenization and real-world asset (RWA) space caught the eye of retail and institutional capital investors in 2023 for its favorable blend of professionally-managed products and digital asset mechanics. Having advised 40-plus clients on tokenization strategies and issuances to date, we see the following key themes emerging in these…
The SEC recently met with Grayscale Investments to discuss its bid to convert the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. According to a memo published by the SEC, the meeting took place between Grayscale principals including CEO Michael Sonnenshein and CFO Ed McGee, and officials from the…
It seems like crypto is becoming a rumor mill; while the ETF rumor gave crypto a short-term rally, the Binance meltdown in the US is chilling investors. Recent whispers in the crypto realm have sparked speculation: Has JPMorgan covertly amassed 7.5 million XRP tokens? The latest scoop, born from a…
In a shocking turn of events, Binance CEO Changpeng Zhao has agreed to step down from the crypto exchange and has plead guilty to “violating US anti-money laundering requirements.” The news is currently being priced into the crypto market, leading to extreme volatility in Bitcoin and altcoins, plus a lot…
AVAX prices made almost 10% over the past 12 hours or so, returning the token to the $23 price level. It has outpaced other altcoins and overall crypto market gains, which are up around 2.3% on the day. Avalanche Hype Driven by RWA Tokenization There is a lot of narrative…
Avalanche’s native token AVAX and Near Protocol’s NEAR held early solid Friday as the broader market trimmed gains from early this week, taking cues from equities. AVAX boasted a 24-hour gain of 8.2% at press time, with NEAR trading 6% higher. Meanwhile, bitcoin was down 2.5% in the last 24…