Crypto News: BTC, BlackRock ETF, Jerome Powell, Do Kwon…

Crypto News: BTC, BlackRock ETF, Jerome Powell, Do Kwon – In this week’s Crypto News video we will discuss, Bitcoin’s Rally Driven by Derivatives, On-Chain Data Suggests: On-chain data indicates that the recent rally in Bitcoin’s price is predominantly fueled by derivatives trading, with spot volumes remaining relatively low, potentially impacting the sustainability of the market surge. BlackRock Files for Bitcoin ETF: Investment giant BlackRock seeks approval for a Bitcoin exchange-traded fund (ETF), potentially allowing retail and institutional investors to easily access Bitcoin through traditional brokerage accounts. Federal Reserve Chair Supports Robust Oversight of Stablecoins and Acknowledges Bitcoin’s Longevity: Federal Reserve Chair Jerome Powell advocates for strong federal oversight of stablecoins and acknowledges the staying power of cryptocurrencies like Bitcoin during a congressional hearing on monetary policy. Cryptocurrency Entrepreneur Do Kwon Sentenced to Prison for Forged Passports: Do Kwon, former CEO of Terraform Labs, and an associate received a four-month prison sentence in Montenegro for using forged passports, as they face charges in the US related to a multi-billion-dollar fraud case involving TerraUSD.

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