Author: American Coins & Gold

'Long Big Tech' Remains the Most Crowded Trade, BofA Fund Manager Survey Shows
This has repercussions for the crypto market, not necessarily good ones, one observer said.

Tether Will Publish Reserve Data in Real Time in 2024: Report
Stablecoin issuer Tether will publish real time data on the reserves backing USDT, the industry’s largest dollar-pegged stablecoin, according to a Bloomberg report.

The Sam Bankman-Fried Trial: Our Favorite Quotes, So Far
It’s fall break! Thursday ended early after just two witnesses – former FTX General Counsel Can Sun and Third Point’s Robert Boroujerdi – testified briefly. We won’t be back in the courthouse at 500 Pearl Street until next Thursday, Oct. 26, when we’ll resume our normal analyses. Instead, today, CoinDesk’s SBF trial team is proud to present: Our favorite quotes.

SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan
Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.

Spot Bitcoin ETF Excitement Hits Main Street, Google Search Indicates
Many market participants expect the SEC to greenlight the first U.S.-based spot bitcoin exchange-traded fund early next year.

SEC Scores Default Win Against Thor Token Company and Founder David Chin
The U.S. Securities and Exchange Commission (SEC) has been awarded a default judgement against Thor Technologies and its founder David Chin.

Bitcoin Inches Closer to K as ETF Hope Drives Bulls
Bitcoin forks led gains in the past 24 hours, outpacing major tokens.

XRP Registers Biggest Single-Day Gain in 3 Months After SEC Drops Charges Against Ripple's Leaders
XRP gained 6.5%, the biggest single-day percentage rise since July 13.

Sam Bankman-Fried's Lawyers, DOJ Propose Final Sets of Jury Instructions
The U.S. Department of Justice and Sam Bankman-Fried’s defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks.

SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
The regulator had included them as defendants in securities violation case, and the agency now says it’s just pursuing Ripple for damages.