ETH bulls will need to keep searching for positive news, especially as bears apply extra pressure ahead of Friday’s $1.1 billion monthly options expiry.
House members urge US Treasury Secretary to clarify definition of broker in infrastructure law
“We must ensure requirements imposed on the digital asset ecosystem are both crafted and implemented in such a way to ensure the United States remains at the forefront of financial innovation,” said the letter to Janet Yellen.
Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip
BTC price briefly flashed bullish, but derivatives data show bears are in control of January’s $2.3 billion monthly options expiry.
SEC rejects application for Fidelity’s Wise Origin Bitcoin Trust spot ETF
The regulatory body said any rule change in favor of approving the ETF would not be aimed at preventing “fraudulent and manipulative acts and practices” nor would it necessarily “protect investors and the public interest.”
SEC pushes decision on ARK 21Shares Bitcoin ETF to April 3
The regulatory body said it was “appropriate to designate a longer period” to approve or disapprove of the proposed Bitcoin ETF.
Crypto policy advocacy group warns of ‘disastrous’ provision in a new US bill
According to Coin Center director, the proposed bill would essentially bypass existing checks and balances on the Treasury Secretary’s authority in surveilling financial institutions, including crypto firms.
IMF urges El Salvador to remove Bitcoin’s status as legal tender
According to the IMF’s executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection.
House members call for an end to lawmakers trading stocks — is crypto next?
“This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a ban on stock trading.
Bulgaria’s finance minister says country is exploring crypto payment options: report
The government official added that he thought Bulgaria was unlikely to become a major hub for crypto miners, many of whom many are reportedly considering leaving Kazakhstan.
Fed issues discussion paper on benefits and risks of a digital dollar
“The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support,” said the recently published paper.
Bulls aim to turn the tide in Friday’s $580M options expiry after BTC tops $43K
Regulatory uncertainty and tighter monetary policies continue to weigh on BTC price, but data shows bulls are attempting to provoke a reversal.
SEC rejects Skybridge’s application for spot Bitcoin ETF
The commission rejected a rule change allowing listing and trading shares of the First Trust SkyBridge Bitcoin ETF Trust, citing similar reasons for disapproving Bitcoin spot ETFs from VanEck in November and WisdomTree in December.
Witnesses address energy impacts of crypto mining during House hearing
“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great,” said Jordan Ramis shareholder Gregory Zerzan.
Ad restrictions won’t impact crypto demand, Binance CEO says
Changpeng Zhao said that the majority of crypto demand and user adoption come from word-of-mouth marketing.
El Salvador explores low-interest loans backed by Bitcoin
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country.
SEC Advisory Committee member calls agency to open for public comment on crypto regulation
“This open call for comment is the only way to appropriately crowd source this issue and appropriately develop a digital asset regulation Genesis Block,” said J.W. Verret.
Turkish ruling party holds meeting in metaverse, talks crypto regulation
Turkey’s governing political party has discussed the upcoming crypto regulation in its first metaverse meeting.
Pakistan’s president calls for more training in blockchain technology
Among the panel of experts that met with President Arif Alvi was Bitcoin Association founding president and Bitcoin SV advocate Jimmy Nguyen.
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision
According to the U.S. President, the three nominees have the “experience, judgment and integrity to lead the Federal Reserve and to help build our economy back better for working families.”
Ethereum options data shows pro traders expect strong resistance at $3,600
Derivatives analysis suggests that ETH will continue to bounce around in the $3,300 to $3,600 range for the short-term.