Grayscale Continues SEC Push For Spot Bitcoin ETF – April 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $39,582

Bitcoin price is sitting just under $40,000 to begin the week, briefly hitting 6-week lows overnight near $38,000.

Top-20 altcoins have had mixed performance over the last 24 hours of trading, as Ethereum and BNB remain unchanged, Terra rises 6% and XRP drops 4%.

Top Stories for April 25, 2022 πŸ”₯

πŸ‘‰ Grayscale Continues SEC Push For Spot Bitcoin ETF

Crypto asset management firm Grayscale Investments has renewed its push for the US Securities and Exchange Commission (SEC) to approve its spot Bitcoin exchange-traded fund (ETF).

The latest Grayscale appeal highlights the inconsistency between the SEC’s recent approval of the Teucrium Bitcoin futures ETF and their unwillingness to approve spot ETFs, citing the act under which the former was approved.

Grayscale CEO Michael Sonnenshein has stated that he would consider suing the SEC if his firm’s application is rejected.

πŸ‘‰ NEAR Protocol’s USN Stablecoin Goes Live

NEAR Protocol’s very own stablecoin, USN, has launched on mainnet today, along with a decentralized autonomous organization (DAO) called Decentral Bank.

The stablecoin is decentralized and can be minted by depositing the blockchain’s native NEAR token – a similar model to Terra’s TerraUSD (UST). The stablecoin will pay around 10% yield annually, funded by NEAR staking.

πŸ‘‰ ECB’s Penatta Calls For Global Crypto Regulation Standards, Compares It To A “Ponzi Scheme”

Fabio Panetta, a European Central Bank (ECB) executive board member, has called for a new global standard for regulating cryptocurrencies – comparing the market to a Ponzi scheme.

He also suggested taxing cryptocurrencies more heavily, citing heavy energy use. Panetta is known for supporting the notion of a digital Euro, as well as calling for a crackdown on the wider crypto market.