Web3 Diaries- BTC Crashes After Elon Musk’s SpaceX Sells All BTC Holdings
Bitcoin took a deep dive below the $25,000 mark, rattling investors and traders, following a revelation that Elon Musk’s space exploration company, SpaceX, had sold its BTC holdings.
The value of the leading cryptocurrency fell to a low of $24,711, sparking similar declines in Bitcoin-related stocks such as Coinbase, Marathon Digital, and Riot Platforms.
However, Bitcoin bounced back and it is currently trading at $26,500.
Documents scrutinized by The Wall Street Journal unveiled that SpaceX has cleared out its Bitcoin holdings, coming after marking down the value of its holdings for two consecutive years, 2021 and 2022.
Mastercard Expands Tie to CBDCs as Country’s Mull Issuing Digital Currencies
Mastercard, the Payments giant, has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies (CBDC), injecting its influential voice into the CBDC conversation as large number of countries across the globe consider whether to digitize their money.
Though, CBDCs are not cryptocurrencies, they’re in the same family. They can be based on a blockchain, the ledger technology that powers Bitcoin and the rest of crypto.
A CBDC would simply be a digital version of an existing fiat currency like the U.S. dollar, with the imprimatur of the issuing government.
SEC Set To Approve Ether Futures ETFs: Bloomberg
Ethereum (ETH) futures exchange traded funds (ETFs) will soon be available for trading in the U.S. The financial markets regulator are poised to approve ETH futures ETFs for trading in the U.S., Bloomberg reported Thursday.
Several firms have applied to list these exchange-traded funds, which would hold derivatives contracts tied to ether – rather than ether itself. But they need the U.S. Securities and Exchange Commission’s blessing, something Bloomberg said might be imminent.
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