Analysis Crypto by Thebittimes.Com

Former SEC crypto asset chief David Hirsch has denied reports that he’s set to join memecoin factory Pump.fun as its head of trading and says his next role won’t be with any such platform.  “Hirsch, who was chief of the crypto asset and cyber unit in the SEC ’s enforcement division, announced today that he was leaving the regulator after almost nine years.” Shortly after Hirsch’s decision was announced, Binance News reported via PAmedia that he would be joining Pump.fun as a trading director. Pump.fun claims to offer users a streamlined way of creating any crypto token they want. In its response, Pump.fun committed to the bit, taking the news even further and announcing that Hirsch had indeed joined as its head of trading, that the former regulator realized his work “ was no longer fulfilling ,” and that “he had to start a new chapter.” SEC 'S FORMER HEAD OF CRYPTO ASSET AND CYBER UNIT JOINS https://t.co/gRuVLcGiVK AS HEAD OF TRADING — pump...

Following Protos’ lengthy op-ed about last week’s erroneous ‘ Bitcoin spot exchange-traded fund ( ETF ) approval’ tweet by Cointelegraph, the fund is once again making headlines for all the wrong reasons. This time, media outlets and online influencers have hooked into news that the fund was listed at the Depository Trust & Clearing Corporation (DTCC). For those unfamiliar, the DTCC is the main method by which clearance and settlement of securities and equities (and other financial instruments) is conducted in the US. Unfortunately for Crypto X (formerly Crypto Twitter), the company has absolutely nothing to do with the listing process for ETF s (or any stocks, bonds, etc, for that matter), so the rush to excitement was unfounded. Cointelegraph says Bitcoin ETF approved despite no proof Read more: Ether ETFs fail to spark interest in disappointing debut week Beside this fact, as reported by CoinDesk, the DTCC has had the BlockRock Bitcoin spot ETF liste...

Source: AdobeStock / Ascannio Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover.  Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time): "Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter." CZ was referring to a question asked in Saudi Arabia, where he was attending a conference, about whether he'd stand by the financial commitment to Musk.  According to Bloomberg's report on Tuesday, the CEO replied, "I think so." CZ further commented on the deal in his tweets yesterday, with some well-known players in the industry supporting the deal as well, such as crypto-asset trader and Blockroots founder Josh Rager. Bloomberg quoted CZ as saying that, “We aim to play a role in bringing social media and Web3 together in o...