Cantor Fitzgerald Optimistic About Bitcoin ETF Approval; Astrid Finance Recovers Stolen Funds; El Salvador's President Plans Re-Election
Summary:
Financial experts at Cantor Fitzgerald are optimistic about the U.S. regulator's approval for a spot Bitcoin ETF. VanEck and BlackRock have complied with the SEC's surveillance-sharing agreement requirements. The increasing confidence comes along with Grayscale’s recent court win against the SEC. Meanwhile, Astrid Finance managed to recover 80% of the stolen cryptocurrency back from the hacker. El Salvador's President Nayib Bukele, a Bitcoin supporter, is seeking re-election in the upcoming 2024 election. Finally, amidst hints of phishing attempts, bankrupt Celsius Network warns its creditors to be wary of suspicious links. The Wall Street Journal revises an article on terrorist financing, while VanEck forecasts optimistic future prices for Solana (SOL) and Ether.
Financial experts at Cantor Fitzgerald exude growing assurance that the US regulator might give the green light to a spot Bitcoin ETF, influenced by recent amendments made to ongoing ETF applications. Recently, amendments were made to the Bitcoin ETF application of VanEck, and other financial institutions like BlackRock have complied with the requirements of the Securities and Exchange Commission by incorporating surveillance-sharing agreements over the preceding months. According to a report on October 29, Cantor Fitzgerald's research analysts Josh Siegler and Will Carlson expressed to Bloomberg that a spot Bitcoin ETF approval in the US is a crucial milestone for the enduring adoption and authenticity of Bitcoin. The same product would simplify numerous services for potential Bitcoin investors, like the discovery of a custodian and self-storage facilities. Bitcoin's value has increased by 16.5% in the last week, reaching a peak of $34,715, stirred by rumors of BlackRock's spot Bitcoin ETF application moving closer to approval. The analysts at Cantor Fitzgerald highlighted that such an approval is likely to remain the crucial driver behind Bitcoin's price trends in the short term. The analysts also indicated that Grayscale's recent court triumph over the SEC could be yet another indication that spot Bitcoin ETFs may ultimately receive approval.
The team at Astrid Finance has persuaded a hacker to return 80% of the $227,000 in cryptocurrency they stole after an attack on October 28. The stolen funds were returned after the hacker was threatened with legal action by the Astrid team, in case the funds weren't returned by 8:00 am UTC on October 31.
El Salvador's President Nayib Bukele, a strong Bitcoin advocate, has applied to run for a second term in the country's upcoming 2024 presidential election in February. Bukele's party, New Ideas, which enjoys the support of 70% of the voting population in the country, appears to be leading the race, as per a study by a Salvadoran University. The presidential elections in El Salvador will take place on February 4, 2024.
The bankrupt crypto lending firm Celsius has raised an alert about a new wave of phishing attacks targeting its creditors. It has issued a warning to its creditors to refrain from clicking on any suspicious links. Celsius insists that it will only request personal information from creditors and past users through the Celsius app, email, or its domain network. This marks the tenth warning issued by Celsius about phishing attempts so far.
The Wall Street Journal has made corrections to an article that misreported the degree to which Hamas and other militant groups have been financing their terrorist activities with cryptocurrencies, which drew strong criticism from the community. Investment firm VanEck has projected that the price of Solana's (SOL) could range from a conservative $9.81 to an ambitious $3,211.28 by 2030. It also expects Ether to reach a target price of $11,800 by the end of 2030.
Published At
10/30/2023 4:53:44 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.