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September 23, 2023 9:01 PM | 2 min read
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It was quite a rollercoaster for the crypto world last week. From bold legal moves to debunking common misconceptions, the world of digital currencies continues to surprise us. Here’s a quick recap of the biggest stories that unfolded over the weekend.
Grayscale Files For Ether Futures ETF
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Following their court victory against the SEC, Grayscale Investments are testing the waters with a new exchange-traded fund (ETF). This time, the fund will be centered on Ethereum futures (CRYPTO: ETH). The application was filed under the Securities Act of 1933, the same regulation that governs commodities and spot Bitcoin ETFs. Read the full article here.
Cryptocurrency: A Real Technology, Not a Scam
Caitlin Long, founder and CEO of Custodia Bank, spoke to Benzinga to address concerns about the legitimacy of cryptocurrencies. She drew parallels to the tech bubble and emphasized that the crypto market is in a phase of refinement and maturation. Read the full article here.
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Tron Hits $1B in USDT
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The Tron Network celebrated a significant milestone last week as it hit 1 billion USDT. Founder Justin Sun made the announcement via Twitter, proclaiming Tron (CRYPTO: TRX) as the “king of USDT.” Read the full article here.
Elon Musk’s Dog-Inspired Coin Tops Meme Coin Gains Chart
Floki, a coin named after Elon Musk’s dog, is outperforming other top meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIBA). Since its integration into LaborX, one of the leading platforms for crypto and Web 3 jobs, Floki has seen an increase of 96% since the beginning of the year. Read the full article here.
Anthony Scaramucci Stays Bullish on Bitcoin
SkyBridge Capital founder, Anthony Scaramucci, expressed his optimism for Bitcoin (CRYPTO: BTC) at the Messari Mainnet conference. He encouraged Bitcoin holders not to sell, stating that the worst of the bear market is behind us. Read the full article here.
Read Next: Operating a fully-booked hotel is beyond stressful, but it’s about to become much more efficient thanks to one startup. It amassed $5.5 million in the seed round, 5x’ed its customer base in 9 months, and is looking for investors.
Cryptocurrency Photo by SvetlanaParnikova on Shutterstock
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“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
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