Daily Archives: October 24, 2023, 8:03 am

BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission. In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of the process” of bringing a…

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A Wild Few Minutes Drive BTC Price Above $35,000 as Bitcoin ETF Optimism Starts to Thaw the Crypto Winter

It was exciting enough for crypto observers when bitcoin (BTC) topped $31,000 on Monday. And then its price went straight up. Late in the day, bitcoin took out $32,000, then $33,000, then $34,000 and finally $35,000 in just a few minutes. Perpetual contracts listed on Binance’s exchange almost topped $36,000. The original cryptocurrency was back at levels last seen in…

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Tesla Confirms Probe Into Executive Perks and Related-Party Deals – WSJ

Federal prosecutors have sent subpoenas to Tesla seeking information about executive perks, deals with related parties and decisions to hire or fire employees, the electric-vehicle maker disclosed Monday. Tesla’s quarterly report to investors confirmed the investigation previously reported by The Wall Street Journal. The Manhattan U.S. Attorney’s Office is scrutinizing personal benefits that Tesla may have provided Elon Musk since…

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Not Regulators’ Job to Tell Americans What They Can and Can’t Speculate On: SEC Commissioner Hester Peirce – The Daily Hodl

In a new interview with CNBC, Peirce says that as a US regulator, it’s not her job to tell people what they can or cannot purchase or speculate on. “I think people speculate about lots of different things, especially in low-interest rate environments. People speculate about lots of things. It’s not my job as a regulator to tell people what they…

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Former White Collar Prosecutor Avi Perry Joins Quinn Emanuel

Quinn Emanuel Urquhart & Sullivan, LLP announced today that Avi Perry has joined the firm as a partner in Washington, D.C., deepening the firm’s bench of experienced white collar and securities, crypto and commodities litigation lawyers who can try complex, high-stakes financial cases. Perry will be Co-Chair of Quinn Emanuel’s Securities Litigation Group and Co-Chair of the firm’s Commodities and…

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Fifth Circuit Rejects Challenge to Nasdaq’s Board Diversity Rules | The D&O Diary

In a lengthy and detailed opinion, the Fifth Circuit has rejected two petitions challenging the SEC’s approval of Nasdaq’s board diversity rules. The rules require most Nasdaq-listed companies to have women and minority directors on their boards or explain why they don’t. The petitioners had argued that the rules violated constitutional free speech and equal protection provisions and also violated…

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