Once seen as a sign Big Tech was embracing digital assets, X now appears to be removing the option to turn NFTs into profile pictures.
JPMorgan CEO Jamie Dimon criticizes bitcoin around the same time that many are expecting the approval of a spot bitcoin ETF.
The Cboe BZX exchange sent letters to the SEC on Wednesday, requesting “acceleration of registration” for proposed spot bitcoin ETFs.
One source told The Block that they are expecting approvals for S-1 forms tonight. Other analysts are expecting a decision by 6pm ET.
Bitcoin dipped below $45,000, as the market awaits news from the SEC about its ongoing review of more than a dozen spot ETFs applications.