BLUR Surges on Upbit Listing and Reviving Sentiment; Circle’s Jeremy Says Spot Bitcoin ETFs Will See Green Lights From SEC

Daily Top Mover  — Blur (BLUR) 

The U.S. equities surged as the economic data fueled a market rally, while the broader cryptocurrency barely moved. The top mover for today is BLUR, which soared by 10.97% in the past 24 hours following the Upbit listing.

BLUR is the native token of Blur, an up-and-rising NFT marketplace. The outperformance of BLUR comes right after Upbit’s listing, with trading volume soaring more than ten times than usual. Korean mania has been around for a while, where listings on Korean exchanges spurred significant price volatility of tokens. Nevertheless, it is reported that Wintermute’s deposit activities may suggest the imminent selling of their BLUR holdings. 

Check Out the Latest Prices, Charts, and Data of BLURUSDT Here!

Talk of the Town

Jeremy Allaire, co-founder and CEO of Circle, expects the approval of Bitcoin spot ETFs as regulators address past concerns. Allaire cited mature spot markets, regulated custody infrastructure, and good market surveillance as factors contributing to progress. The SEC has received several spot Bitcoin ETF applications from BlackRock and Invesco. The creation of a market surveillance mechanism is seen as key to getting these approved. ProShares’ Bitcoin Strategy ETF recorded significant inflows, indicating continued investor interest. Allaire also noted the demand for digital dollars in emerging markets.