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cryptocurrency

cryptocurrency May 24, 2024

Despite the US Securities and Exchange Commission (SEC) granting historic approvals for eight Ethereum-based exchange-traded funds (ETFs), Ethereum has not breached the $4,000 mark. Advertisements Following the SEC’s decision, Ethereum’s (ETH) price spiked to nearly $3,900 but quickly receded to approximately $3,720. As of this writing, the price has somewhat stabilized, hovering around $3,800. Ethereum […]

cryptocurrency May 23, 2024

In a landmark decision, the US SEC has approved eight spot Ethereum (ETH) exchange-traded funds ETFs, including those from BlackRock and Fidelity. Advertisements This approval follows the first spot in Bitcoin ETFs, marking another milestone in the cryptocurrency market. SEC Approves 8 Ethereum ETFs  The SEC has given the green light to the 19b-4 forms […]

cryptocurrency May 23, 2024

A group of bipartisan lawmakers is urging the US Securities and Exchange Commission (SEC) to approve spot Ethereum exchange-traded funds (ETFs). Advertisements House Majority Whip Tom Emmer, along with Representatives French Hill, Josh Gottheimer, Mike Flood, and Wiley Nickel, leads this appeal. Lawmakers Push for Ethereum ETF Approval The lawmakers urge the SEC to apply […]

cryptocurrency May 23, 2024

Recent significant Ethereum (ETH) transfers to cryptocurrency exchanges have caught the market’s attention. This move has raised speculation about potential profit-taking, portfolio rebalancing, or market speculation. Advertisements These developments coincide with the US Securities and Exchange Commission (SEC) nearing a decision on the Vaneck Ethereum exchange-traded fund (ETF), which has heightened expectations within the industry. […]

cryptocurrency May 23, 2024

As the final decision on VanEck’s spot Ethereum exchange-traded fund (ETF) approaches, the financial and crypto communities are abuzz. Advertisements The crypto community speculates if the potential approval has been priced into Ethereum’s (ETH) market value or if it could lead to significant market changes. Ethereum ETF Decision Expected Around 16:00 ET Eric Balchunas, a […]

cryptocurrency May 23, 2024

Ethereum saw around $2.3 billion inflows. The ETH price rise triggered a notable short liquidation volume. Ethereum [ETH] recently experienced a significant price move, triggering a large volume of short liquidations and leading to a record inflow volume. Advertisements Amid these developments, there is speculation that institutions might be preparing for the potential approval of […]

cryptocurrency May 23, 2024

Ethereum price started a consolidation phase above the $3,650 support. ETH seems to be preparing for the next move up toward $4,000 in the near term. Advertisements Ethereum started a consolidation after it tested the $3,840 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term contracting […]

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 […]