Global #Cryptocurrencies

Despite the prolonged duration of this process, even the most vocal critics of the cryptocurrency market have begun to participate, especially during the 'crypto winter'. However, 2024 has emerged as the year of institutional adoption of cryptocurrencies.

Fidelity has updated its S-1 application with the SEC for its Ether exchange-traded fund (ETF), indicating that the underlying Ether tokens will not be staked. This amendment comes amid speculation about the SEC's stance on spot Ether ETFs, with reports suggesting a shift possibly due to external pressures.

Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels.

According to reports from NTV, the Turkish Grand National Assembly is set to receive a bill defining cryptocurrencies today.

Mike Novogratz, CEO of Galaxy Digital, predicts that Bitcoin's price will fluctuate between $55,000 and $75,000 in the next month, potentially showing an upward trend towards the end of the current quarter.

Crypto exchange OKX is transitioning its Australian-focused services to a locally regulated entity as part of its expansion in the Asia-Pacific region.