Bitcoin saw a slight increase in response to the ECB's rate cut. The ECB reduced rates to moderate monetary policy restriction, addressing inflation but not growth stagnation. The rate cut aims to lower borrowing costs in the euro area.
Xu LinThe European Central Bank (ECB) is expected to cut its interest rate by 0.25% to 4.25% on June 6. This rate cut could boost investor interest in risk assets like Bitcoin. Bitfinex's derivatives head, Jag Kooner, told Cointelegraph: "The ECB is expected to cut rates next week to stimulate economic growth. Lower rates typically weaken the euro and increase liquidity, which can boost risk assets, including Bitcoin."
AlexBitcoin has failed to live up to its promise of becoming a global decentralized digital currency and remains difficult to use for legal transfers. The approval of the ETF does not change the fact that Bitcoin is not suitable as a means of payment or investment.
JinseFinanceDespite a recent decrease in crypto derivative trading volumes, which fell from around $2 trillion at the beginning of the year to approximately $1.5 trillion in September, Deribit remains optimistic about its expansion plans.
AlexLegal expert John Deaton suggests the SEC's challenge could be complex given the nuances of the Howey Test.
BeincryptoThe ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market.
FinboldIf the regulator is successful in this case, it might have very negative repercussions for XRP, its investors, and the cryptocurrency sector as a whole.
FinboldThough hype around NFTs has died down considerably over the past few bear market months, Ripple NFTs developer community continues to invest.
BitcoinistThe Securities and Exchange Commission (SEC) has been extensively criticized for its regulatory stance in the crypto sector.
FinboldNewly discovered documents suggest a possible conflict of interest from a former SEC official when he made a speech about Ethereum which some claim could jeopardize the SEC’s case against Ripple.
Cointelegraph