Bitcoin ETF race and new crypto exchange on Wall Street among latest news in crypto biz.

The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining momentum with BlackRock’s recent application. Other firms are seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. It is uncertain whether the SEC will allow a Bitcoin ETF, but BlackRock’s move has given new life to the race amidst the crackdown on the crypto industry. In other news, Wall Street giants, such as Citadel Securities, Fidelity Investments, and Charles Schwab, are backing a newly launched crypto exchange called EDX Markets. The exchange currently supports only four cryptocurrencies: Bitcoin, Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

CleanSpark, a crypto mining firm, has acquired two Bitcoin mining facilities for $9.3 million, adding over 6,000 Antminer S19 XPs and S19J Pro+s to its hash rate. The acquisition is part of CleanSpark’s aggressive infrastructure expansion, despite a slump in BTC mining profitability during the bear market. Gemini, a cryptocurrency exchange, plans to expand into the Asia-Pacific region by increasing its staff in Singapore and establishing an engineering division in India. The exchange believes that APAC will be a driver of the next wave of growth for crypto and Gemini.

1/ We’re expanding in the Asia Pacific region! Our Singapore office will serve as a hub for our larger APAC operations and we plan to increase our headcount to 100+ in Singapore

— Gemini (@Gemini) June 20, 2023

Before you go: Bitcoin hits $28,000 after BlackRock files for BTC ETF

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman explains what’s behind Bitcoin reaching 50% crypto market dominance for the first time in two years amid Blackrock’s spot ETF filing and the U.S. SEC’s crackdown on altcoins. You won’t want to miss it!

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