bellabyni7099

@bellabyni7099

199 Following

92 Followers

bellabyni7099 pfp

Binance is the world’s largest cryptocurrency exchange by trading volume, a position that brings constant scrutiny from regulators and market analysts.

0 reply

0 recast

0 reaction

bellabyni7099 pfp

Binance has denied that the movements were related to the sale of assets and said they were “simply an adjustment in the Binance treasury’s accounting process.”

0 reply

0 recast

0 reaction

bellabyni7099 pfp

Co-founder Yi He made a similar comment earlier in the day. She said that the rumors of the exchange’s sale originated from the PR strategy of a competitor and implied that Binance would prefer to buy by asking that exchanges reach out if they’re considering selling.

0 reply

0 recast

0 reaction

bellabyni7099 pfp

Investors may even start seeing BTC as a hedge against monetary instability, he said.

0 reply

0 recast

0 reaction

bellabyni7099 pfp

While traditional markets are set for tightened liquidity, the debt ceiling may have a mixed impact on Bitcoin price, according to Marcin Kazmierczak, co-founder and chief operating officer of Redstone.

0 reply

0 recast

0 reaction

bellabyni7099 pfp

Not all analysts are concerned about the debt ceiling’s impact on Bitcoin.

0 reply

0 recast

0 reaction

bellabyni7099 pfp

Analysts from Galaxy Research also anticipate that the surge in VC activity will be driven by a combination of declining interest rates and greater regulatory clarity in the crypto space, which is expected to increase investor appetite for venture opportunities.

0 reply

8 recasts

19 reactions

bellabyni7099 pfp

Looking ahead, predictions from PitchBook suggest that 2025 will see a significant increase, with the crypto space projected to attract over $18 billion in capital.

0 reply

4 recasts

15 reactions

bellabyni7099 pfp

Among 2024’s highlights, Monad Labs raised $225 million to build a layer-1 smart contract network after Berachain secured $100 million to support its modular blockchain development platform. In addition, the Bitcoin staking protocol Babylon raised $70 million, while the tokenization platform Securitize received $ 47 million from BlackRock.

0 reply

1 recast

15 reactions

bellabyni7099 pfp

Trump said he intended to nominate former SEC Commissioner Paul Atkins to replace Gensler as chair. Many in the crypto industry have suggested they would support Atkins, but his nomination would need a majority to pass in the Senate.

0 reply

1 recast

12 reactions

bellabyni7099 pfp

Massachusetts Senator Elizabeth Warren, who won reelection against Republican challenger John Deaton, will be the top Democrat on the banking committee after Brown’s departure. The committee is responsible for spearheading a number of policies and laws that could impact the crypto and blockchain industry.

0 reply

1 recast

13 reactions

bellabyni7099 pfp

New members of the US Senate and House of Representatives are scheduled to be sworn into office on Jan. 3, at which time Republicans will have a majority control in both chambers. Senator Brown, who lost his seat to Republican Bernie Moreno, will be replaced as banking committee chair by current ranking member Tim Scott.

0 reply

1 recast

12 reactions

bellabyni7099 pfp

Many in the industry have criticized the SEC for this approach, with some claiming that it may have been partly responsible for Democrat Kamala Harris losing the presidential election to Trump in November.

0 reply

1 recast

13 reactions

bellabyni7099 pfp

Under Gensler, the SEC has taken many enforcement actions against crypto firms, alleging the companies offered and sold unregistered securities in the form of certain tokens.

0 reply

1 recast

12 reactions

bellabyni7099 pfp

Interest groups supporting Crenshaw’s nomination have suggested that Donald Trump might ignore his responsibility to nominate any additional commissioners to the SEC, leaving the agency entirely in Republican hands.

0 reply

1 recast

13 reactions

bellabyni7099 pfp

The window is closing for senators to confirm Crenshaw, who could potentially be the only Democratic SEC member after the departures of Commissioner Jaime Lizárraga and Chair Gensler in January.

0 reply

1 recast

8 reactions

bellabyni7099 pfp

Crenshaw, a Democrat who has served as an SEC commissioner since 2020, was picked for a second term by President Biden in June, but lawmakers in the Senate have yet to consider her nomination before the chamber changes from Democratic to Republican control in January.

0 reply

1 recast

8 reactions

bellabyni7099 pfp

Senator Brown said the nomination decision was delayed due to Republican senators “doing the bidding of corporate special interests,” possibly referring in part to the cryptocurrency industry. At least one dark money group with ties to crypto, the Cedar Innovation Foundation, has petitioned US lawmakers to oppose Crenshaw’s nomination.

0 reply

1 recast

7 reactions

bellabyni7099 pfp

According to a Dec. 15 Punchbowl report, Senate Banking Committee Chair Sherrod Brown — who will leave Congress on Jan. 3 — scheduled a nomination vote for Crenshaw on Dec. 18. Lawmakers in the banking committee initially planned to vote on Dec. 11 on her nomination by US President Joe Biden.

0 reply

1 recast

6 reactions

bellabyni7099 pfp

Meanwhile, Crenshaw — a crypto-critical commissioner who stood against the approval of Bitcoin ETFs — has just had her renomination vote postponed indefinitely, leaving her role at the agency up in the air.

0 reply

1 recast

11 reactions