Get Ready for First Mover Americas Bitcoin Spot ETF Gaining Momentum and Coinbase Leading the Charge!

First Mover Americas Partially-Priced Bitcoin Spot ETF in the Works on Coinbase

Bitcoin: The Roller Coaster Ride Continues!

Latest Prices

Bitcoin Shines Amidst Uncertainty

Bitcoin, the superstar of the crypto world, continues to outshine its peers in these tumultuous times. According to Coinbase Institutional, traders are pricing in the potential approval of spot-based exchange-traded funds (ETFs), making it clear that bitcoin has already taken a victory lap. But how much more can this digital rockstar outperform if the stars align and the U.S. Securities and Exchange Commission gives it a thumbs up? Heads up, folks, the bitcoin roller coaster is on the rise!

U.S. Regulators Take Aim

In a plot twist, former Voyager Digital CEO Steve Ehrlich finds himself under attack by U.S. regulators. It seems he’s been accused of engaging in fraud and misleading customers about government protections. The Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) have thrown their hats into the ring. The CFTC even brought Circle’s USDC stablecoin and bitcoin into the mix. Looks like Ehrlich’s sleight of hand is about to cost him dearly. And hey, let’s not forget the pun-tastic lie about customers’ funds being “protected” by the Federal Deposit Insurance Corp. Talk about being caught with your hand in the crypto cookie jar!

The Trial Continues

In the trial of the century, Caroline Ellison, the star witness, took the stand for the third day. Dressed in her signature gray blazer, she spilled the beans on Alameda’s accounting practices. Turns out, the company had a few failed attempts at finding accountants who could handle the job. It’s like searching for a unicorn in the crypto forest! And speaking of financials, an explosive CoinDesk story caused quite a stir, shaking the foundation of Alameda and FTX. Let’s hope they have a solid strategy to weather this storm because the crypto world is watching!

Chart of The Day: Ethereum’s Money Test

Let’s take a closer look at Ethereum’s mainnet and its daily fee revenue. The chart tells a tale of highs and lows, with fees hitting rock bottom. It’s like the DeFi boom of Summer in 2020 is a distant memory. Can Ethereum prove its “ultra sound money” thesis stands strong amidst all the chaos? It’s a challenge that’s shaking the foundations of this digital unicorn. Hang on to your hats, folks, because this ride is about to get wild!

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Keep up with the latest trends and juicy gossip in the crypto world! It’s like a digital soap opera that never disappoints. Dive into these posts and satisfy your crypto craving.

The crypto world is full of surprises and roller coaster rides. Buckle up and enjoy the journey with us! Don’t miss out on the latest twists and turns – subscribe to First Mover and get the inside scoop delivered straight to your inbox every day!

——— This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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