Bitcoin's Surge Triggers Massive Short Squeeze
In a remarkable turn of events, Bitcoin's (BTC) recent surge from $61K to $68K has led to the liquidation of $120 million worth of Bitcoin shorts in just 24 hours. This significant market movement, signaling a bullish momentum, has the cryptocurrency community abuzz with the possibility of reaching a new all-time high.
SEC Delays BlackRock and Fidelity Ethereum ETF Proposals
The SEC has postponed its verdict on BlackRock's iShares Ethereum Trust and Fidelity's Ethereum Fund spot Ether ETF applications.
BRICS Nations to Develop Blockchain-Based Payment System
The BRICS consortium, encompassing Brazil, Russia, India, China, and South Africa, is set to pioneer a blockchain and digital technology-based payment system, according to TASS. Yury Ushakov, a Kremlin aide, emphasized the initiative's aim to create a system that is efficient, user-friendly, and politically neutral, catering to governments, the public, and businesses alike.
Do Kwon Wins Appeal Against US Extradition
Montenegro's Appellate Court has annulled the High Court of Podgorica's decision to extradite Terraform Labs co-founder Do Kwon to the U.S.
Taiwan Plans Tough New Regulations for Digital Assets
The Financial Supervisory Commission (FSC) plans to propose new digital asset regulations for Taiwan in September 2024, aiming to enhance market effectiveness and investor safety.
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