Grayscale’s XRP Spotlight in Cross-Border Payments: Catalyst for Price Surge?
#Grayscale’s recognition of #XRP’s cross-border potential ignites excitement! Could this catalyze a surge in XRP’s market value? 🌐
Grayscale
Crypto Market Rally Delayed, Regulatory News to Blame
Seasoned #cryptotrader reflects on how the #crypto market’s events of the week has further delayed the long-awaited #cryptomarket rally. #Cryptocurrency #Grayscale #SEC #Regulation
XRP Holders Anticipate Inverted Hammer Formation as 2-Month Candle Nears Closure
The #Grayscale victory leads #crypto fans eager for more as XRP’s candle closure prompts inverted hammer anticipation. #XRP #Ripple #XRPArmy
DCG Sells Grayscale Shares to Raise Funds: FT
Digital Currency Group (DCG) is selling shares in some of its crypto funds at a discount and has allegedly started selling its stakes in Grayscale. Read CNL.
Grayscale Looming Bankruptcy Has Possible Adverse Outcomes
A recent tweet from CNL reveals how the cryptocurrency sector would be impacted if grayscale and its affiliates experienced a liquidity crisis. Read more.
Grayscale Tweets About Insolvency Rumors
Grayscale, has confirmed through Twitter that everything is well with the company and that other crypto assets entirely back all crypto assets. Read CNL.
Coinbase Legal: SEC Had No Reason To Deny Grayscale’s BTC ETF
According to Coinbase’s Chief Legal Officer, the SEC had no reason to deny Grayscale’s BTC ETF. After the BTC ETF rejection, Grayscale sued the SEC. Thousands of crypto advocates including Coinbase expressed their support for Grayscale. A couple of days after Grayscale filed a lawsuit against the US Securities and Exchange Commission (SEC), leading American crypto exchange Coinbase expressed its support. However, Coinbase Chief Legal Officer Paul Grewal highlighted that Grayscale did not seek any special favor during its filing of a bitcoin ETF, to begin with. Grewal pointed out that its support for Grayscale is based on the notion
Twitter Users Debate Grayscale’s Upcoming GBTC Unlock
The Twitter crypto sphere is abuzz again about the upcoming GBTC unlock. A Twitter user claims that the unlock will fail because Grayscale cannot sell BTC. Another user clears the air and says there is no such issue. The crypto Twitter community went abuzz this morning as a Twitter user declares the upcoming Grayscale GBTC unlock FUD dead. Specifically, the user says that Grayscale does not have the authority to sell any BTC. The user — LilMoonLambo, makes this statement on their Twitter page. LilMoonLambo is a Bitcoin and crypto investor, trader, and NFT creator. Accompanying the statement was a
Bitcoin GBTC Unlocked, Analyst Weighs In on What This Means
Grayscale Bitcoin Trust is unlocking its Bitcoin trust on July 18. For the first time in over 6 months investors will be able to sell their GBTC shares. Also, several other analysts including JPMorgan have weighed in on the likely effect of the event. Popular crypto analyst EllioTrades Crypto weighed in on the ongoing debate about Grayscale’s GBTC share unlock. The event will occur on July 18, however, analysts are yet unsure whether this is bullish or bearish. Ellio started by explaining that Grayscale trust is an exchange-listed asset. As such, Grayscale lists stocks equivalent in number to the underlying
Grayscale’s January Bitcoin Fund Will Unlock Soon
Grayscale’s BTC fund from January will unlock this month. The GBTC stocks will be worth 41852.26 BTC. We will see if the funds are reinvested or cashed out. Grayscale’s January BTC fund is ready for its much-awaited unlock this month. In particular, the GBTC stocks should be worth 41852.26 BTC. This will mark the biggest single-day unlocking event. Specifically, that day will occur on July 18, 2021. In detail, its value will stand at 16,240 BTC stocks. Recently, the price of Bitcoin fell hard, this could lead to a possible drop in reinvestments once the Grayscale BTC funds are unlocked.
Grayscale Adds Cardano to Portfolio, Now Manages $29.8B Crypto
Grayscale has added Cardano (ADA) to its Digital Large Cap Fund, which is now worth $348.9 million. The firm’s total assets under management are now worth $29.8 billion. ADA price is $1.42, according to CoinGecko. Crypto investment firm Grayscale has recently added Cardano (ADA) to its portfolio. According to a press release, Grayscale sold a portion of its fund’s components to buy ADA. Grayscale VP of Finance Edward McGee said the move was to ensure their diversified fund can hold crypto that “collectively comprise 70%” of the total crypto market. McGee added, “Digital currencies represent a unique opportunity for investors
