🪙 Exchanges told SEC leaning toward approval of spot Ethereum ETFs: report

Securities and Exchange Commission staff told exchanges on Monday the agency is "leaning" towards approving spot ether ETFs, according to a report in Barron's, which cited anonymous sources. On Monday, news that the SEC had perhaps changed its tune regarding spot ether ETFs shook the world of crypto and caused the price of ETH to surge. Bloomberg ETF analysts were the first to suggest that the U.S. government might do an about-face on the Ethereum-based products, given shifting political winds.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Ripple CLO calls Gary Gensler 'a struggling liability' as political winds shift

Ripple's Chief Legal Officer Stuart Alderoty described U.S. Securities and Exchange Commission Chair Gary Gensler as "a struggling liability" — as the hype surrounding the potential approval of spot ether exchange-traded funds grows. "He thought crypto was an easy target," Alderoty said, adding, "He relished being the guy that everyone loved to hate. He thought he was above Congressional oversight. That's all gone. He's now a struggling political liability."

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 MetaMask intends to add Bitcoin support: report

The popular self-custodial hot wallet is looking to add Bitcoin support, reports CoinDesk citing people familiar with the matter. The wallet provider hopes to roll out Bitcoin support within the next month, but those plans are subject to change. Bitcoin features could start small and grow over time, CoinDesk adds. Though MetaMask already expanded beyond the Ethereum ecosystem with the inclusion of Snaps, the move would add one of the most popular blockchains onto the most popular digital wallet platforms.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Crypto industry cheers 'historic move' as Ethereum ETFs get the greenlight

Capping what appears to be a reversal of fortunes, spot Ethereum ETFs were approved by the U.S. Securities and Exchange Commission on Thursday, a move that comes after shifting political sentiments appeared to influence the agency's view of the new financial instruments. Along with BlackRock, Grayscale and Fidelity, VanEck is one of the firms that applied for the right to issue spot Ethereum ETFs.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts

Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Seyffart expressed his stance in an interview hosted by Bitwise, adding that his fellow Bloomberg ETF analyst, Eric Balchunas, believes the new funds will see 15% to 20% of the demand. Seyffart compared both estimates to the fact that ETH has approximately 30% of Bitcoin’s $1.4 trillion market cap, calling his estimate a “discount” in that regard.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

📉 Friend.tech price drops over 20% after co-founder Racer hints at leaving Base

The native token for Web3 social networ Friend.tech fell sharply today after the protocol's co-founder, known pseudonymously as Racer, publicly expressed a desire to leave Base, the Coinbase-created Ethereum Layer-2 network that hosts the project. "System design bounty: If you can figure out a way to migrate friendtech off of Base without causing major issues for users, and it works well enough that we decide to use it, we will pay you $200K," Racer wrote on X.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🔵 Ethereum outperforms market surging to $3900 after ETF approval, Pectra upgrade in sight

Ethereum’s price has climbed to a two-month high of more than $3900 less than a week after the US Securities and Exchange Commission (SEC) approved 19b-4 filings for eight spot exchange-traded funds (ETF)-related to the digital asset. This caps a week of positive performance for Ethereum, significantly outpacing the top 10 cryptocurrencies by market capitalization. During the reporting period, ETH’s value increased by approximately 27%, while Bitcoin saw a modest gain of 2%.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 ETF approvals will boost Ethereum’s long-term growth despite short-term headwinds – Kaiko Research

Kaiko Research said on May 27 that spot Ethereum ETF approvals are a positive sign for the digital asset’s long-term growth despite potential short-term headwinds. According to Kaiko’s report, the approval has removed much of the regulatory uncertainty around Ethereum’s classification as an asset class. Will Cai, Head of Indices at Kaiko, said the approval means the SEC is implicitly treating ETH as a commodity rather than a security.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin price falls below $68,000 following transfer worth $9.6 billion from Mt. Gox cold wallet

The price of bitcoin fell below $68,000 following a significant transfer from a Mt. Gox cold wallet. Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence. Bitcoin's price has decreased by over 1.5% in the past 24 hours and was changing hands for $67,818 at 10:17 a.m. ET, according to The Block’s Price Page. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 1.42% to 145.45 in the same period.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Riot offers $950 million to buyout Bitfarms in hostile takeover amid CEO controversy

Riot Platforms has announced a proposal to acquire Bitfarms for approximately $950 million, reflecting a 24% premium to Bitfarms’ one-month volume-weighted average share price as of May 24. According to the press release, Riot’s decision to make a hostile takeover bid follows Bitfarms’ Board of Directors’ rejection of its private proposal without substantive engagement.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Proposal for Hashdex's Ethereum ETF has been withdrawn

A proposal to list and trade shares of the Hashdex Nasdaq Ethereum exchange-traded fund has been withdrawn, according to a filing posted this week. Nasdaq posted a notice of withdrawal on Tuesday, a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, excluding Hashdex. "On May 24, 2024, the Exchange withdrew the proposed rule change," according to the filing.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Luna Foundation moves $95 million in crypto to new wallet citing enhanced security

The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security. On-chain data from blockchain Arkham Intelligence showed that the Foundation shifted 1.974 million Avalanche’s AVAX token, valued at $71.2 million, and 39,500 BNB, approximately $23.5 million, to a new address identified as “0x1346” earlier today, May 31. The wallet received its initial test transactions from the Foundation on May 17.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Franklin Templeton, VanEck and Invesco Galaxy file amended S-1 for spot Ethereum ETFs, Franklin lists 0.19% fee

Franklin Templeton, VanEck and Invesco Galaxy filed amended S-1 forms with the Securities and Exchange Commission on Friday for their spot Ethereum ETF applications. Those issuers, along with others, after successfully launching a spot Bitcoin ETF, are now trying to complete the necessary regulatory steps to launch a similar product that will allow investors to bet on the price of Ethereum without having to buy the cryptocurrency directly.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

⚪️ Worldcoin Officially Launches in Colombia

Worldcoin, the iris-scanning biometric proof-of-personhood project, announced on Thursday the launch of its operations in Colombia. Via social media, the project reported that eye-scanning operations were already available in Bogota and Medellin, for World ID users. Currently, only ten locations with orbs (iris scanning machines) are available, six in Bogota and four in Medellin.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Ripple CEO Says XRP, Solana, Cardano ETFs Are 'Inevitable'

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: “I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a solana (SOL) ETF, there’s gonna be a cardano (ADA) ETF, and that’s great.”.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading