Bitcoin ETF

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<p>The post <a href="https://coinpedia.org/press-release/meme-moguls-mgls-rising-star-paypal-faces-sec-inquiry/" rel="noopener noreferrer nofollow">Santa Rally’ Expected To Drive Bitcoin to $56,000, Meme Moguls (MGLS) A Rising Star, PayPal Faces SEC Inquiry</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>While the crypto space eagerly anticipates a “Santa Rally” that could catapult Bitcoin to $56,000 by year-end, the landscape is booming with varied activities. Firstly, Meme Moguls (MGLS) is an intriguing asset drawing significant attention in the meme-token sector. Secondly, PayPal announced receiving a subpoena from the SEC regarding its USD stablecoin.</p>
<h2 class="wp-block-heading" id="h-bitcoin-btc-potential-surge-to-56-000">Bitcoin (BTC): Potential Surge to $56,000</h2>
<p>Backed by compelling insights and market analysis, many analysts foresee a Bitcoin (BTC) surge to $56,000. A recent <a href="https://www.matrixport.com/institutions/research/matrix-on-target/737" target="_blank" rel="noopener noreferrer nofollow">report by Matrixport</a> suggests that if a BlackRock spot Bitcoin ETF gains approval, Bitcoin could soar to remarkable heights.</p>
<p>This projection hinges on specific market scenarios: if Tether’s market cap, acting as a gauge for potential ETF inflows, increases by $24B, Bitcoin’s price could reach $42,000. However, as per this Bitcoin price prediction, an influx of $50B could propel its price to an impressive 56,000 before 2023 ends.</p>
<p>Recently, the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> performance has been great, soaring from $35,360 on November 8 to $36,258 on November 15. Market sentiment is bullish, coupled with 18 out of the last 30 days reflecting positive gains, contributing to the optimism surrounding Bitcoin’s growth potential.</p>
<h2 class="wp-block-heading" id="h-meme-moguls-mgls-a-rising-presale-star">Meme Moguls (MGLS): A Rising Presale Star</h2>
<p>Amidst this Bitcoin development, <a href="https://pr.mememoguls.com/1jp9c3" target="_blank" rel="noopener noreferrer nofollow">Meme Moguls (MGLS)</a> stands out as an enticing opportunity for meme enthusiasts. This upcoming platform will bring something new – the world’s first meme-backed stock exchange. It presents a unique chance for you to venture into the realm of fantasy meme trading and climb the ranks to become a mogul in your own right.</p>
<p>At the center of this platform will lie the MGLS token. Holding this token will bring you many exciting benefits, such as governance voting rights, passive income via staking, and more.</p>
<p>Not only that, It makes things even better by awarding one community member with $10,000 after the end of each presale stage. Currently, the presale is in the Beta stage with one MGLS token costing only $0.0019.</p>
<p>But, as the presale advances, so will its value grow. Because of this, market analysts foresee a 1,000% growth before its presale ends. Therefore, if you join the presale now, you may be the lucky one to win $10,000 while also gaining outstanding returns as the <a href="https://coinpedia.org/press-release/can-meme-moguls-outperform-kaspa-and-solana/" target="_blank" rel="noopener noreferrer nofollow">MGLS</a> value rises.&nbsp;</p>
<h2 class="wp-block-heading" id="h-paypal-under-scrutiny">PayPal Under Scrutiny</h2>
<p>Disclosed in a Quarterly Report to the SEC, <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001633917/823b849f-0fb8-4bcd-ba5a-ffe58ca11d2d.pdf" target="_blank" rel="noopener noreferrer nofollow">PayPal revealed</a> receiving a subpoena from the SEC’s Division of Enforcement. This inquiry is directly tied to PayPal’s USD stablecoin.</p>
<p>Looks like regulators are getting interested in how stablecoins work and what’s backing them up. This shows how crypto is coming under a lot more oversight lately.</p>
<p>In response, PayPal has emphasized its full cooperation with the SEC, indicating a commitment to transparency and regulatory compliance. This move demonstrates PayPal’s dedication to engaging with regulatory bodies and addressing inquiries regarding its stablecoin operations.</p>

Santa Rally’ Expected To Drive Bitcoin to $56,000, Meme Moguls (MGLS) A Rising Star, PayPal Faces SEC Inquiry

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