SEC Chairman Gary Gensler said regulators expect to approve the spot Ethereum ETF application’s S-1 registration form “sometime this summer,” which would be the final step before the fund launches in the United States. .Gensler confirmed that the ETF could launch by the end of the summer, well before the November presidential election.The watchdog recently approved a related 19b-4 application filed by the stock exchange in May. However, approval of individual issuers’ S-1 registration forms is still pending.Gensler said at a June 13 Senate hearing:“Individual issuers are still going through the registration process. “It’s going smoothly.”Sen. Bill Hagerty praised Gensler,…
Author: Crypto Flexs
Read More
Litecoin (LTC) has been trading within a tight price range over the past week, with its value consistently hovering around the mid-price range of $64. LTC’s price action in September remained mainly bearish as sellers maintained control over the market. Although LTC has a history of volatile price movements, it has recently been significantly influenced by Bitcoin’s movements, appearing to mirror the sideways movements of the overall market. Bitcoin price rose from $25,000 to $27,000 and then fell to $26,000. According to recent data CoinGecko, Litecoin is currently trading at $64.63, up 0.7% in 24 hours. However, according to the…
On June 18, the price of Bitcoin (BTC) fell 5.6% in one day to $64,300, reaching its lowest level in over a month. The six-day decline was consistent with macroeconomic data showing a slowdown in the U.S. economy, particularly in retail sales and employment. Meanwhile, the U.S. Federal Reserve (Fed) kept interest rates at the highest level in 20 years. However, the resilience of derivatives markets suggests a potential BTC price recovery in the future.BTC price falls due to US recession risk, high interest ratesAccording to Yahoo Finance, U.S. retail sales increased slightly by 0.1% from the previous month, below…
What are inscriptions, ordinal numbers, runes? We recently shared the story of how the Ordinals protocol was added to the Bitcoin network in 2023. Users began using Ordinals to engrave unique data (NFT “inscriptions”) directly onto Bitcoin Satoshis, and soon Ordinals inscriptions allowed them to create fungible BRC-20 tokens on the Bitcoin blockchain. . Inscription-based Bitcoin NFTs and BRC-20 tokens have expanded the Bitcoin landscape to include both fungible and non-fungible tokens. The BRC-20 token has become quite popular and has a market capitalization exceeding $2 billion.Then, in September 2023, when Ordinals was at its peak of popularity, Casey Rodarmor,…
Morpho is the first layer 2 protocol launched on Coinbase Base. Morpho has increased yields and lending options by introducing MetaMorpho Vault and Morpho Markets to Base. Morpho CEO Paul Frambot has changed his stance on native distribution, seeing it as pivotal to Morpho’s growth in DeFi. Morpho, a decentralized finance (DeFi) lending and borrowing protocol originally founded on Ethereum, marks a significant milestone by becoming the first layer 2 (L2) protocol to launch on Base, the scaling network for Ethereum introduced by Coinbase in 2023. Achieved. This expansion marks a pivotal moment for Morpho as it seeks to leverage…
Unfounded reports that former President Donald Trump was launching an official cryptocurrency sent the token soaring sky high, while other politically-based memecoins plummeted.The X account for publishing Pirate Wires wrote in a post onPerhaps referring to the president’s youngest son.The Block reached out to the Trump campaign and the Trump Organization for comment but did not hear back as of publication time.Almost immediately, many users thought their X account had been hacked. Especially after Mike Solana, the editor-in-chief of the X account (not connected to the blockchain platform), responded to the post with the contract address. Additionally, the Solana-based DJT…
A trader known for contrarian cryptocurrency calls believes two decentralized finance (DeFi) altcoins are poised for massive gains. Household analyst Credible told his 398,100 followers on social media platform X that he is bullish on both Curve (CRV) and Convex Finance (CVX). Curve Finance is a stablecoin-focused decentralized exchange and Convex supports Curve by optimizing the yield of locked tokens. According to Credible, both altcoins are positioned to rebound after Curve founder Michael Egorov was liquidated on June 13. “We are seeing lower term impulses in CRV and CVX. Perhaps it is time for the great recovery to begin. Now…
join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency is emerging as a central field of finance and investor interest is increasing. Tether, known as the world’s largest stablecoin, introduces Alloy, a new digital asset platform that combines the stability of the U.S. dollar and the safety of gold. The first token, aUSD₮, is backed by Tether Gold (XAU₮), Switzerland’s physical gold reserve. As interest in the cryptocurrency market grows, investors are pursuing it. New token launch, listing and pre-sale Take advantage of optimistic market sentiment. This article presents a selection of tokens to…
Dear Ethereum Explorers, Announcements are coming one ~ after Other The closer we get to Devcon. Today we are excited to announce the launch of our second funding round for the SEA community. clr.fund! We saw the excitement and grassroots energy growing in Southeast Asia on our SEA Tour in April and witnessed first-hand the passion of local builders. Special Initiative: Second round of funding for the SEA community 👏 The Southeast Asia Ethereum community is organizing a second funding round with clr.fund specifically for the region! The Devcon team is proud to support this initiative by contributing to the…
Chainlink (LINK) price is showing bearish momentum as the market appears to be showing signs of fatigue. Chainlink price shows a downward trend. Key support for the LINK/USD pair was found at $8.54. Pair resistance seen at $9.26 The price of the LINK/USD pair fell in an overall predictable overnight decline. Moreover, the market has lost 4.80% in the last 24 hours and is currently facing major resistance at $9.26. Currently, LINK price appears to be very bearish with key support at $8.54. Related Reading LINK price discount 1.83% Looking at the daily chart, we can see that the LINK/USD…