Has altseason finished? XRP ETF applications flood in, and more: Hodler’s Digest, Feb. 2 – 8 – Cointelegraph

Top stories of this week

The SEC is looking for more time to reflect on Ethereum ETF options

US regulators need more time to decide whether to allow trading options tied to Ether Exchange-Traded Funds (ETFs), according to a regulator's filing on February 7. He said that.

Submit This was the response to a request for July on Nasdaq ISE. I have asked for permission to list BlackRock's Ishares Ethereum Trust (ETHA) options agreements. The Securities and Exchange Commission currently requires that by April 2025, it arrives at a decision as filed.

The rules change proposed by NASDAQ only applies to options for ETHA, the only ether ETF listed on NASDAQ's electronic exchange. Others are listed on the ARCA or CBOE on the New York Stock Exchange.

Haliey Welch, aka “Hawk Tuah,” speaks up almost two months later

Harry Welch, widely known as the “Hawk Tua” girl, has been releasing her first after nearly two months of silence following the launch of Hawk Memecoin and the subsequent crash of token prices. It appeared in the media.

In a leaked interview with YouTuber Faze Banks, Welch argued that Memecoin's project manager told her that the token had a long-term time horizon, which would be a positive for the crypto space.

Welch said she didn't want to launch Memocoin at first and was new to the assets sector, but that's what she did because she was told that half of the money from the token goes to her charity.

Alex Mashinsky is requesting a month delay for sentencing hearing

Approximately two months after pleading guilty, former celsius CEO Alex Mashinsky requested a delay in the sentencing hearing scheduled for April 8th.

Maski, filed February 5th in the US District Court for the Southern District of New York, asked the court to advance a ruling hearing from April 8th to May 8th. “Many directions in his guilty plea in the criminal court and in the case in the bankruptcy court.”

“The defense, along with many other factors that the court should consider when considering a proper judgment, allow sufficient time to prepare for the filing of a judgment that accurately presents Mr Massky's views on the offences. I would like to do so,” the submission said. .

CBOE BZX Files XRP ETFS BITWISE, WISDOMTREE, CANARY, 21SHARES

CBOE BZX Exchange filed a 19B-4 filing on behalf of four asset managers trying to list funds traded on the first Spot XRP Exchange in the US.

On February 6th, the exchange submitted a filing for 19b-4 Canary capital, WisdomTree, 21 shares and Bitwise In the case of ETFs that track XRP prices, it is currently the fourth largest cryptocurrency.

The filing of 19B-4 will notify the US Securities and Exchange Commission of proposed changes to rules, and if approved, will lead to the country's first XRP ETF.

The SEC has allowed ETFS to track Bitcoin and Ether and begin trading in early 2024, under former chairman Gary Gensler.

However, now led by crypto-friendly acting committee chair Mark Weda, analysts are investigating the products the Trump administration has affected, and the number of crypto-related ETF filings and It points to an increase in diversity.

Kanye West claims he rejected a $2 million offer to promote crypto fraud

Kanye West, who you are currently passing through, says he has rejected a $2 million offer to take part in a crypto fraud. The scheme allegedly claimed that he posted fraudulent crypto promotions to 32.6 million followers, and that his account was hacked several hours later. By that point, the victim may have already lost a significant amount.

“I proposed $2 million to scam the community. The left of them. I said no and stopped working with their people who proposed it,” West said Feb. 7. He spoke in X's post.

The offer promised a $750,000 advance to the west, sharing the crypto promotion and keeping it live for 8 hours, allowing the account to be hacked and not creating a post.

This will be followed in 16 hours with a $1.25 million payment.

Winners and losers

At the end of the week, Bitcoin (BTC)) It's $96,120 (ETH)) For $2,589 XRP $2.38. The total market capitalization is $3.11 trillion. According to Go to COINMARKETCAP.

Of the 100 biggest cryptocurrencies, this week's top three Altcoin Gainers is Berachain (Bella) 665.67%, Mantra (OM) 13.60% and Dexe (dexe) AT -4.76%.

The top 3 Altcoin losers of this week are virtual protocols (virtual) 42.74%, dogwifhat (wif) 42.17% and Pyth Network (pyth) 38.47%. Be sure to read our Cointelegraph Market Analysis for more information on crypto pricing.

Most memorable quote

“Frankly, I'm tired of the prejudices of the sleazy elitist who discriminate against me illegally.”

Jesse Powellco-founder of Kraken

“Most traders have no plans to trade crypto or digital coins.”

jpmorgan

“Broadly speaking, many misguided coders want the US government to purchase Bitcoin by printing dollars as part of its national stockpile. […] I think these people want the wrong thing. ”

Arthur HayesChief Investment Officer and Co-Founder of Maelstrom Fund

“Interestingly, all previous cycles ended about a year after the first asbreak, which cited the atypical nature of the current cycle, which first reached the new ATH in March 2024. It emphasizes.”

GlassNode

“If the SEC offers remedies, it is possible to introduce clear criteria that distinguish security tokens from true utility tokens, such as tokens issued primarily for access to a service or platform, or equity A token structured to function like a digital product rather than an alternative.”

Franco JoffretMiller & Chevalier's lawyers and senior counsel.

“Trump doesn't seem to want money in exchange for investments or concrete products. […] But he is seeking money in exchange for nothing – in other words, seeking a gift that will personally benefit him. ”

Public Citizensconsumer advocacy organization

Top forecast of the week

“Altseason” ended in 2024: Should reach 71% before Bitcoin's advantage returns

Bitcoin domination across the Crypto market will need to pass 70% to resume “AltSeason,” the new analysis says.

In him Latest X Popular trader and analyst Rect Capital warned that the latest AltSeason has already ended.

Bitcoin's market capitalization dominance skyrocketed to nearly four years' high this week as altcoin suffered massive losses amid a loss of a wide range of risk assets.

Control reached 64.3%. CointeLegraphMarketsPro data and TradingView Check before returning to circle 61%.

As BTC's price strength has been better maintained in the face of macroeconomic uncertainty, attention has started to focus on the outlook for the upcoming Altcoin market.

This week's FUD

Coinbase, Judge Rules Facing Litigation over Unregistered Securities Sales

A US federal judge rejected Coinbase's claim that it did not meet the definition of a “statutory seller” under federal law, forcing the cryptocurrency exchange to face a New York investor lawsuit.

According to Reuters on February 7th ReportUS District Judge Paul Engelmayer forced Coinbase to face plaintiffs' claims that they sold their securities without registering as a broker-dealer. Specifically, the plaintiffs accused Coinbase of selling 79 cryptocurrencies, which were securities without proper registration.

As reported by Cointelegraph, the class action was initially dismissed in February 2023 by a district court in southern New York. However, the Circuit Court of Appeals revived some of the cases more than a year later.

Bitcoin Reserve could become a “powerful political weapon” – Arthur Hayes

The industry says that US Bitcoin Strategic Reserve could be used as a “political weapon” and could be reversed if Democrats decide to win the election in 2028 and sell their stockpiles, which could be reversed. It could be “net negative.” Executive.

“Broadly speaking, many misguided coders want the US government to purchase Bitcoin by printing dollars as part of its national stockpile. […] I believe these people want the wrong thing.” I said On his blog on February 6th, Arthur Hayes, Chief Investment Officer of the Maelstrom Fund.

Hayes argued that potential Bitcoin stockpiles would simply become another financial asset that could be bought and sold.

“There's a million bitcoins just sitting there and ready to sell. They need to sign the paper,” Hayes said.

It transformed the Bitcoin Reserve or “national stockpile of shit” held by the US government into “strong political weapons,” he added.

The US Treasury accused Elon Musk of providing access to sensitive information

The union group has sued the U.S. Treasury Department and accused Elon Musk of breaking federal law by providing access to financial and personal information that is sensitive to Elon Musk's Office of Government Efficiency.

The United States Labor Federation and the Federation of Industrial Organizations (AFL-CIO), the largest union group in the United States; I sued On February 3, the Treasury Department and Secretary of the Federal Court in Washington, DC, claimed that it was “illegal, systematic, continuous, systematic, continuous disclosure of personal information” to Musk and Doge. Stop to stop what you do.

“The scale of invasions into personal privacy is large and unprecedented,” AFL-Cio said. “People who have to share information with the federal government should not be forced to share information with Elon Musk or his 'Doge'. ”

This week's top magazine story

Trump's crypto ventures cause conflicts of interest, insider trading questions

Donald Trump's memocoin and crypto venture raise new questions about politicians who are profiting from crypto.

Justin Sun rekinds HTX FEUD, India rethinks Crypto Hate: Asia Express

Justin Sun accused India, co-founder of HTX, of rethinking Crypto Stance.

Ethereum L2S will be interoperable “within a few months”: a complete guide

The Ethereum L2 Roadmap has successfully achieved scaled transactions, but has caused massive interoperability issues. That's resolved in a few months.

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Editorial staff

Authors and reporters from Cointelegraph Magazine contributed to this article.