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Month: May 2024

cryptocurrency May 22, 2024

UNI’s price surged after the protocol disclosed a plan to introduce the ERC-7683 standard. Open Interest hit a monthly high, activity spiked, while the token could rise to $12. Uniswap [UNI] broke out, rose by 18.98% and hit $9.30 in an unexpected move within the last 24 hours. Advertisements For many participants, the surge could […]

cryptocurrency May 22, 2024

Analysts anticipate the launch of spot Ethereum ETFs within weeks, following significant amendments to filings by issuers like Fidelity and Ark 21Shares. Advertisements Though US Security and Exchange Commission (SEC) approval remains uncertain, these developments could mark a pivotal moment for the crypto market. SEC Filings Amended, Paving Way for Potential Ethereum ETF Launch The […]

cryptocurrency May 22, 2024

Joseph Lubin, co-founder of Ethereum and CEO of blockchain technology firm Consensys, has expressed that the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) could lead to significant supply constraints for Ether. This development is anticipated to be a “watershed” moment for Ethereum. Advertisements In an exclusive interview with […]

cryptocurrency May 21, 2024

Reuters has reported that the US Securities and Exchange Commission (SEC) has requested Nasdaq and Cboe to revise their spot Ethereum exchange-traded fund (ETF) proposals. Advertisements This request signifies an important step in the regulatory review process for these financial products. SEC’s Request for “Fine-Tuning” in Ethereum ETF Application According to Reuters, sources familiar with […]

cryptocurrency May 21, 2024

Fidelity Investments has revised its upcoming spot, Ethereum exchange-traded fund (ETF), notably removing the staking feature. Advertisements This modification, detailed in the latest S-1 filing with the US Securities and Exchange Commission (SEC), reflects a strategic shift in response to regulatory uncertainties. Why Fidelity Removed Staking Facility? The filing states that the Trust will neither […]

cryptocurrency May 21, 2024

ETH now trades at a two-month high. The number of short positions liquidated on 20th May represented the coin’s single-day highest since the beginning of the year.  Ethereum [ETH] has rallied to a two-month high after Bloomberg analysts increased the odds of the Ethereum Exchange Traded Fund’s (ETF) successful launch.  Advertisements In a post on […]

cryptocurrency May 21, 2024

Analysts have increased their odds of spot Ethereum exchange-traded fund (ETF) approval. This shift in sentiment comes amid renewed optimism about regulatory approval from the US Securities and Exchange Commission (SEC). Advertisements The move signals a potential breakthrough in the prolonged quest for a spot Ethereum ETF. Renewed Optimism for Spot Ethereum ETF Approval Eric […]

cryptocurrency May 21, 2024

Ethereum price rallied over 20% amid rise in hopes of ETH ETF. ETH broke many hurdles and even broke the $3,500 resistance zone. Advertisements Ethereum started a fresh surge and cleared the $3,500 resistance zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with […]

cryptocurrency May 20, 2024

Prometheum, a New York-based digital asset firm, has launched the first SEC-compliant Ethereum (ETH) custody service, marking a new milestone for regulatory compliance in the industry. Advertisements This service treats ETH as a security in line with U.S. Securities and Exchange Commission (SEC) regulations. Prometheum Pioneers Regulated Ethereum Custody Service Prometheum, known for its controversial […]

cryptocurrency May 20, 2024

Vitalik Buterin, Ethereum’s co-founder, recently addressed key decentralization challenges facing the Ethereum network in a detailed blog post. Advertisements Buterin’s insights focus on three critical areas: Miner Extractable Value (MEV), staking complexities, and hardware requirements for running nodes. He emphasized that while concerns about Ethereum’s design are “widely shared,” these issues might be easier to […]