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Pups Meme Coin Surges 81% in 24 Hours

Pups: The Rising Star in Bitcoin Meme Coins In the ever-evolving landscape of cryptocurrency, few events capture the attention of traders and enthusiasts quite like the meteoric rise of meme coins. One such coin, Pups , has recently taken the crypto world by storm, surging an astonishing 81% within a mere 24 hours. This surge is not just a fleeting moment of excitement; it signals a potential shift in how we perceive meme coins on the Bitcoin blockchain. The Numbers Speak According to CoinGecko , Pups started the day at $46.92 and climbed to over $86.94 . This impressive upswing has been fueled by a barrage of activity on social media platforms, particularly Twitter. Key Highlights: Market Cap : Pups has surpassed a market cap of $564,000 . Twitter Influence : Viral trader Ansem has become an outspoken advocate for Pups, urging followers to "Study pups" as it claims the title of the first meme coin on the world's oldest blockchain. Controversy and Backla...

Spot Bitcoin ETF Approval: Galaxy Digital CEO Predicts Green Light in Next 3 Months

Galaxy Digital CEO Mike Novogratz expressed confidence that a spot Bitcoin ETF will likely receive approval within the next three months. During an interview with CNBC, Novogratz highlighted the positive dialogue between industry participants and the Securities and Exchange Commission (SEC), suggesting that the regulator is moving in the right direction. Novogratz believes that the SEC is under significant pressure to approve a Bitcoin ETF, especially following its recent court loss to Grayscale. After the SEC missed the deadline to appeal the court defeat, investor confidence in an upcoming ETF approval has increased. Grayscale's narrowing GBTC share discount further reflects this sentiment. Additionally, both ETF applicants and analysts have noticed a more constructive change in tone from the SEC, with more specific questions being asked during the comment period. Ark Invest CEO Cathie Wood also shared similar sentiments, stating that she believes hopes are rising for the approval of multiple Bitcoin ETFs. Fidelity recently updated its spot Bitcoin ETF application to address SEC concerns, providing more details on custodial arrangements and Bitcoin hard forks.

Overall, it appears that the momentum for a Bitcoin ETF approval is growing, with industry leaders and applicants noting positive developments in their interactions with the SEC. The court loss to Grayscale and the narrowing GBTC share discount have further bolstered investor confidence in an upcoming approval. As more applicants address SEC concerns and provide additional details in their applications, the likelihood of a Bitcoin ETF approval in the near future seems promising.

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