The Daily: VanEck says slowdown in bitcoin long-term holder selling signals ‘potentially constructive’ trend, Gemini hit with investor lawsuit, and more
The Daily reports VanEck sees positive signals in slowing Bitcoin holder selling, while Gemini faces a lawsuit and Morgan Stanley advances its Bitcoin ETF application.Summary
This edition of The Daily covers several key developments in the crypto space. VanEck analysts note a slowdown in selling activity from long-term Bitcoin holders, interpreting this as a potentially constructive signal for the market. Meanwhile, Gemini is facing a class-action lawsuit alleging misleading investors regarding its business strategy and post-IPO shifts, with the company experiencing significant losses and layoffs. Morgan Stanley has filed an amended S-1 form for its spot Bitcoin ETF, progressing its application with the SEC. Other news includes Coinbase launching stock perpetual futures, a long-held Bitcoin wallet moving a substantial amount of BTC, and upcoming economic data releases and crypto events next week.
(Source：The Block)