Table of Contents
● US securities regulators, led by the SEC’s Trading & Markets division, are instructing spot Bitcoin ETF applicants to conduct cash creates, a departure from the common in-kind creations, due to broker-dealers’ inability to deal in BTC. The anticipated approval of a Bitcoin ETF has been pushed to January 2024.
● NuggetRush (NUGX) will launch an innovative adventure game combining artisanal mining and non-fungible tokens (NFTs), offering the players impressive rewards. In the crypto-themed game, players can upgrade equipment and engage in mining tasks, earning in-game NUGX money, NFTs, and equipment.
The US Securities and Exchange Commission (SEC) has directed spot Bitcoin (BTC) ETFapplicants to adhere to specific fund-handling protocols, leading to a postponement of potential approvals until January 2024.
On the other hand,NuggetRush (NUGX) introduces an inventive adventure game intertwining artisanal mining with non-fungible tokens (NFTs). Can NuggetRush keep thriving to follow Bitcoin’s lead? Let’s explore here.
US SEC Advises Spot Bitcoin ETF Applicants on Cash Creates, Delaying Approval Until January 2024
Bloomberg analyst Eric Balchunas said on November 17, 2023, that US securities regulators are telling spot Bitcoin (BTC) ETF applicants to handle funds in a particular manner.
In an in-kind creation, a participating company or institution would offer matching assets, in this instance, Bitcoin (BTC), and would get shares of the spot Bitcoin (BTC) ETF in return. Although in-kind creations are common, Balchunas said that cash creation may be preferred in the case of spot Bitcoin ETFs since broker-dealers cannot deal in BTC.
Balchunas said that just two or three of the current spot Bitcoin ETF applicants were ready to do cash creates before the rumor. Hence, all the other companies may need to adjust the content of their filings or risk having their BTC ETF application delayed.
Bitcoin enthusiasts and investors eagerly awaited the approval of a BTC ETF in November 2023. However, they will have to wait a little longer until January 2024. With this delay, Bitcoin (BTC) became highly volatile, with the bears threatening to take over the market.
Nonetheless, as theBitcoin halving event approaches, more investors are buying BTC, expecting its price to surge as with the previous halving events.
On November 18, 2023, BTC was trading at $36,437.88. Analysts expect BTC to recover and surge to $50,000 by January 2024 as the halving event approaches and retest its all-time highs above $67,000 later in 2024.
NuggetRush (NUGX) Unveils Innovative Adventure Game with Artisanal Mining NFTs
NuggetRush (NUGX) is preparing to launch an innovative adventure game with the best artisanal mining and impressive rewards.
The new game involves searching for mineral resources and excavating them with the assistance of artisanal mining non-fungible token (NFT) characters. NuggetRush (NUGX)will start with basic machinery. Nonetheless, they can upgrade machinery or buy better equipment as they progress to the higher levels of the game.
On that note, NuggetRush (NUGX) wants to recreate the mining experience within the crypto space.
Gamers will build shafts, dig tunnels, and use soil sampling strategies. They will also engage in various challenges, ranked play, and even battles within NuggetRush. Gamers receive in-game NUGX money, NFTs, or equipment for completing their mining tasks.
Amazing Gameplay and More
The rarity of NuggetRush NFTs helps increase their financial value. Furthermore, gamers can trade these NFTs over their marketplace. Also, gamers can upgrade their NFTs before selling them to boost their value, which makes them the most popular NFTs in the market.
There are special NuggetRush NFTs that can be exchanged for physical gold. These NFTS are known as RUSHGEMS. In that context, NuggetRush (NUGX) has arranged partnerships to guarantee the safe delivery of these gold rewards to the users.
Not many projects can match NuggetRush’s methods of creating wealth. Experts believe its thriving performance and popularity over most new ICOs is because of its distinct services. NUGX is already becoming a favorite investment among investors. Its blockchain ICO has sold over 45.7 million tokens and raised over $400,000.
NUGX is currently in round two of its presale, valued at $0.012. By round three of the presale, NUGX will gain 8.3% to trade at $0.013. As its price keeps surging, more investors will join in buying tokens at its early stages. Nonetheless, NUGX will be listed at $0.020, a 66.7% ROI for the current investors.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.