Analysis Daily TheBitTimes.com

Earlier in the day, BlackRock registered corporate entity “iShares Ethereum Trust” in Delaware, the first hint that a filing for a spot Ethereum ETF filing was imminent. Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed , per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9. Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the "iShares Ethereum Trust." The move signals BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations. NASDAQ's 19b-4 filing to the SEC for BlackRock's iShares Ethereum Trust. Source: NASDAQ Earlier on Nov. 9, it emerged that BlackRock registered corporate entity iShares Ethereum Trust in Delaware, the first hint that a spot Ethereum ETF filing could be imminent. UPDATE: BlackRock #Ethereum ETF confirmed . They just submitted a 19b-4 filing with Nasdaq pic.twitter.com...

The U.S. Securities and Exchange Commission (SEC) may have found additional ammunition to deny future Bitcoin ETF applications following a recent misinformation debacle. The latest development involved false reports claiming the SEC’s approval of a Bitcoin ETF from BlackRock, which led to significant market volatility. Fake news on Bitcoin ETF On Oct. 16, cryptocurrency media outlet Cointelegraph erroneously reported that the SEC had approved a spot Bitcoin ETF from BlackRock’s iShares. The false news was widely circulated on social media, causing Bitcoin’s (BTC) price surge. You might also like: Crypto market sees massive ‘pump and dump’ amid fake Bitcoin ETF news BlackRock quickly clarified that its ETF application was still under review, but the damage was already done. The incident led to market liquidations worth approximately $182.5 million in the last 24 hours. Cointelegraph subsequently amended its original article, adding the qualifier ...

Crypto exchange Binance US has informed users that US dollar deposits will be suspended and that banks providing fiat (dollar) on-ramps will sever services as early as June 13, just a few days after the Securities and Exchange Commission (SEC) slapped Binance and its chief exec with a lawsuit. In a tweet on June 9, Binance’s US arm warned customers they should withdraw their USD by bank transfer by June 13. “To ensure a timely USD withdrawal process, we are suspending USD deposits and recurring buy order today,” it said, and assured users that its cryptocurrency services “remain fully operational.” It remains unclear which banking partners Binance US has, however publicly known partnerships include Axos Bank, Cross River Bank, and failed banks Silvergate, Signature, and Silicon Valley Bank. Binance US slams SEC in tweet as banks get spooked Binance US added that it plans to transition to a crypto-only exchange and reiterated that it maintains “1:1 reserves for all customer assets...

Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos. Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.  In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been stringent enough with its oversight of the token. He added that the issue "does not appear to be around stablecoins" in itself. "Paxos had violated its obligation to conduct tailored, periodic risk assessment and due diligence of Binance and Paxos-issued BUSD customers," Thielen argued. On Feb. 13, the New York Department of Financial Services (NYDFS) ordered Paxos to halt the issuance of BUSD "as a result of several unresolved issues related to Paxos’ oversight of its relationsh...