Israel orders evacuations in northern Gaza as Trump calls for war to end

-
By Nidal Al-Mughrabi Reuters  The Israeli military ordered Palestinians to evacuate areas in northern Gaza on Sunday before intensified fighting against  Hamas , as U.S. President Donald Trump called for an end to the  war  amid renewed efforts to broker a ceasefire. “Make the deal in Gaza, get the hostages back,”  Trump  posted on his Truth Social platform early on Sunday. Israeli Prime Minister Benjamin Netanyahu was due to hold talks later in the day on the progress of Israel’s offensive. A senior security official said the military will tell him the campaign is close to reaching its objectives, and warn that expanding fighting to new areas in Gaza may endanger the remaining Israeli hostages. But in a statement posted on X and text messages sent to many residents, the military urged people in northern parts of the enclave to head south towards the Al-Mawasi area in Khan Younis, which Israel designated as a humanitarian area. Palestinian and U.N. offi...
Post a Comment

Bitcoin ETF Mania Sparks A Surge In Google Searches

-

The excitement surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) located in the United States is developing, as evidenced by the spike in Google searches for this cutting-edge financial instrument. The increased interest from the general public and retail investors highlights the growing excitement about the possible early 2024 launch of a spot Bitcoin ETF.

According to Google Trends data, this week will mark the peak value of 100 for the global search value of the term “spot Bitcoin ETF” over a five-year period, indicating the highest level of interest among users.

The search value for “Bitcoin ETF” has also increased to 39, the highest level since ProShares’ futures-based ETF was launched two years ago.

Search Trends Highlight Enthusiasm

The increase in searches indicates that more people are actively looking for information on these financial products and how they can affect the market capitalization of Bitcoin, which is currently the largest cryptocurrency in the world.

After the US Securities and Exchange Commission missed a deadline to contest a significant legal setback, market players are becoming more optimistic that the SEC will approve a spot Bitcoin ETF early next year.

The fact that the deadline was missed has increased confidence and raised hopes for the ETF’s adoption in 2024, which will unleash a wave of liquidity.

Acceptance of a position a recurring topic in the cryptocurrency world is the Bitcoin ETF, which is frequently regarded as a gauge of the currency’s widespread acceptance. Leading asset management companies, such as Ark Invest and BlackRock, are vying for the top spots in ETF approval.

Cathie Wood takes charge of Ark Invest, and she has carefully modified its applications. An agreement with Coinbase that emphasizes the division of the trust’s assets from the custodian is one such modification.

This answers the SEC’s earlier worries about spot Bitcoin ETF applications lacking strong surveillance-sharing arrangements.

Looking Ahead: The Future Of Spot Bitcoin ETFs

The anticipation for the possible introduction of a spot ETF intensified around three months ago when significant participants in conventional financial markets, such as BlackRock, submitted applications for one.

This development helps explain why Bitcoin performs better than other cryptocurrencies in addition to shielding it from unfavorable macroeconomic developments.

The regulatory environment is still a major concern as excitement grows. The first Bitcoin ETF in the US is expected to be approved, and the cryptocurrency community is excited about this development, believing it will further establish Bitcoin’s standing in the mainstream financial industry.

The spike in Google searches is indicative of the growing interest in cryptocurrencies and the need for cutting-edge financial solutions.

To sum up, the growing demand for spot Bitcoin ETFs is evidence of how digital assets are developing and how they are being incorporated into conventional financial markets.

The future of spot Bitcoin ETFs is bright, with significant support from important stakeholders and a regulatory landscape that is rapidly embracing these innovations.

Featured image from Forkast News



from Bitcoinist.com https://ift.tt/0Rb5W6X

Comments

Post a Comment

Popular posts from this blog

Israel-Hezbollah attacks continue despite international pressure for ceasefire

-
By Timour Azhari and James Mackenzie Reuters  Israel rejected global calls on Thursday for a ceasefire with the Hezbollah movement, defying its biggest ally in Washington and pressing ahead with strikes that have killed hundreds in Lebanon and heightened fears of an all-out regional war. Despite Israel’s stance, the U.S. and France sought to keep prospects alive for an  immediate 21-day  truce they proposed on Wednesday, and said negotiations continued, including on the sidelines of a United Nations meeting in New York. An Israeli warplane struck the edges of the capital Beirut, killing two people and wounding 15, including a woman in critical condition, Lebanon’s health ministry said. That took deaths overnight and on Thursday to 28 and over 600 since Monday. The strike killed the head of one of Hezbollah’s air force units, Mohammad Surur, Hezbollah said, the latest senior Hezbollah commander to be targeted in days of assassinations among the group’s top ranks. On t...
Read more

Bolivia wildfires burn record area, scorching homes and farms

-
Image
By Monica Machicao and Daniel Ramos Reuters Wildfires in Bolivia have burned through more than 10 million hectares (24.7 million acres) this year, mostly in the country’s tropical east, smashing records for its worst-ever fire season and scorching an area the size of Iceland or Cuba. The new figures released on Monday by non-governmental organization Tierra Foundation represent the equivalent of nearly 19 million American football fields. Fires in recent months have propelled Bolivia past devastating fire years in 2010 and 2019. Santa Cruz, a wealthy farming region in the country’s eastern lowlands near Brazil, has been the hardest hit, accounting for almost 7 million hectares of the total, followed by the nearby department of Beni, with 3 million hectares. “What’s happened in recent months in eastern Bolivia, and will continue to occur at least through October, is a disaster of a magnitude unprecedented in the country,” Juan Pablo Chumacero, researcher at the Tierra Foundation, to...
Read more