Market Update: SEC Approves New ETFs, Industry Experts Weigh In on Bitcoin and Altcoin Trends

SEC Greenlights Two Crypto ETFs, Samson Mow Warns About Bitcoin Supply Shock Ahead, 200 Million Dogecoin Stun Binance in Major Move: Crypto News Digest

In a significant development, the United States Securities and Exchange Commission (SEC) has given the green light to two new cryptocurrency exchange-traded funds (ETFs). This news comes amidst a flurry of activity in the crypto market.

Samson Mow, former COO of Voyager Digital and co-founder of BullPerp, has issued a warning about an impending Bitcoin supply shock. According to him, the current price action may be unsustainable due to the lack of institutional investment. It remains unclear whether this claim will manifest or not.

Meanwhile, 200 million Dogecoin (DOGE) have been transferred to Binance in a major move that could be indicative of potential trading or selling activities.

Source: u.today