Crypto prices sank while GBTC continued to benefit from what some perceived as a positive day in court.
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GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing TuesdayGrayscale's $GBTC discount has narrowed to 42%, its lowest level in a month ahead of its oral argument ETF hearing on Tuesday. LedesmaLyllah reports
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GBTC Discount Collapses Due to Grayscale’s Unexpected Court SuccessThe Grayscale Bitcoin Trust (GBTC) discount collapsed in value after oral arguments presented in federal court on Tuesday appeared to side with Grayscale in their legal fight against the U.S. Securities and Exchange Commission (SEC)
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GBTC Discount Narrows to Lowest Level Since November Following Court HearingThe discount narrowed to 35% following the hearing where a panel of appeals court judges appeared skeptical about the SEC's arguments over rejecting Grayscale’s bid to convert GBTC into an ETF. LedesmaLyllah reports
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GBTC rises as spot-bitcoin ETF debate hits U.S. courtsThe debate around spot-bitcoin exchange-traded funds, or ETFs, has hit U.S. courts.
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Crypto Banking Firm BCB Prepares U.S. Dollar Payments to Plug Silvergate Gap.BCBcrypto is accelerating plans to add U.S. dollar capabilities to help fill the hole left by Silvergate Exchange Network. BCB provides fiat-to-crypto rails for currencies, particularly to institutional players such as Gemini, krakenfx and Bitstamp.
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21.co CEO Sees ‘No Material’ Impact on Bitcoin Following Silvergate’s SEN Platform Closure.21Shares' hany says $BTC’s price is tied to macroeconomic factors and his firm hasn’t seen “too much material impact” on the digital asset’s performance following silvergate’s crypto-lending platform closure. _franvela reports
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