Thomas Fahrer, co-founder of Apollo, a company focused on Bitcoin adoption, issued a stark warning about potential market dynamics following the approval of a spot Ethereum ETF. As the market anticipates this new development, Fahrer suggests that Ethereum’s transition may not be smooth. “The Grayscale Ethereum Trust launched in 2017 and has amassed most of $9 billion worth of ETH long before staking even existed. These funds are now unlocked. Expect a bloodbath. ETH -> BTC transactions are accelerated. If I’m wrong, hold me accountable. But I doubt it,” Fahrer declared via social media platform X. Spot Ethereum ETF –…
Author: Crypto Flexs
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Pepe (PEPE) price hit an all-time high on May 27th. This recently surged following the approval of applications for a major Ether (ETH) exchange-traded fund (ETF) in the United States, which has led traders to consider the Ethereum-based memecoin to be highly traded. A risky, high-reward opportunity. PEPE price surged 7.60% to a record high of $0.00001725. This is an impressive 88% increase since the U.S. Securities and Exchange Commission (SEC) approved the Ether ETF application on May 20.Other Ethereum-standard memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Mog Coin (MOG), also saw significant gains following the ETF submission approval.PEPE/USDT…
The price of ONDO has fallen by more than 7% in the last 24 hours. Most indicators suggested continued price declines. temperature It has recently created a lot of buzz as it recorded a huge price increase. The bullish rally has sparked speculation among investors that ONDO could reach $2 in the coming days. However, there has been a downward trend in the last 24 hours, which has pushed the token price down. Demand for ONDO is surging Santiment recently posted: Twitter We highlight the fact that ONDO has been trending for quite some time. The main reason could be…
Ethereum price is rising above the $3,800 resistance again. ETH is currently consolidating near $3,850 and we expect a rally above $4,000 in the near future. Ethereum began a new rise above the $3,750 resistance level. The price is trading above $3,750 and the 100-hour simple moving average. On the hourly ETH/USD chart (data feed via Kraken), there is a major bullish trend line with support at $3,780. Unless a break occurs below the $3,540 support, the pair may continue to rise. Ethereum price continues to be supported for further gains Ethereum price remained stable above the $3,540 support zone.…
Claymont, Delaware, May 27, 2024, ChainwireEthosX is excited to announce the launch of a new perpetual options product, launched in collaboration with kanalabs.io on the front end. Called OPerps, the solution aims to be one of the most accessible and efficient ways to improve returns using knowledge of short-term market events.The product aims to help users generate consistent income and maximize profits by leveraging market predictions. OPerps is a decentralized platform for short-term options trading. It leverages the power of blockchain technology to enable efficient and transparent options trading, all done through a user-friendly interface designed to empower those new…
JPMorgan is skeptical of approval from the U.S. Securities and Exchange Commission. Solana brush +1.95% And now there are other cryptocurrency exchange-traded funds with an approved Ethereum ETF.Nikolaos Panigirtzoglou, managing director and global markets strategist at JPMorgan, told The Block that the investment bank doubts the SEC would approve such funds given its stance that most cryptocurrencies are securities.“We are skeptical. The SEC’s decision to approve the ETH ETF has already been extended given the ambiguity over whether Ethereum should be classified as a security. We are skeptical that the SEC will approve Solana or any other token ETF by…
join us telegram A channel to stay up to date on breaking news coverage Pepe price has surged 13% in the last 24 hours. Traded for $0.00001674 As of 2 a.m. EST, trading volume had surged 53% to $2.7 billion. This sets the stage for a potential new all-time high (ATH) for Ethereum (ETH), just days after the U.S. Securities and Exchange Commission (SEC) approved a spot Ethereum ETF. Big names in Ethereum meme coins, including DOGE and SHIB, have soared over the past week, with ETH surging 4% in the last 24 hours. PEPE has risen 78% in the…
On May 24, Cointelegraph spoke with Polygon co-founder Brendan Farmer to discuss the inner workings of Polygon AggLayer. Brendan Farmer has a strong background in mathematics and cryptography.According to Farmer’s Mirror post, AggLayer can be described as follows:“(…) A decentralized protocol run by staked nodes that guarantees low latency, cross-chain transactions and the safety of integrated bridges.”source: Brendan PalmerCointelegraph: How long will it take to see AggLayer implemented?Brendan Palmer: “I think we’re moving at a pretty good pace. I think the tentative internal estimate will come out around the third quarter.”Cointelegraph: How does AggLayer reduce latency and secure cross-chain transactions?BF:…
Ethereum prices hit a two-month high above $3,900, less than a week after the U.S. Securities and Exchange Commission (SEC) approved 19b-4 filings for eight cash exchange-traded funds (ETFs) tied to the digital asset. It went up.This marks a positive performance for Ethereum for the week, significantly outpacing the top 10 cryptocurrencies by market capitalization. During the reporting period, the value of ETH increased by approximately 27%, while Bitcoin showed a slight increase of 2%.New ATH?Highlighting how the spot Bitcoin ETF fueled the 70% surge in the price of BTC, several stakeholders believe that the price of ETH could follow…
Astar & Startale: Shining Light on Web3 Mass Adoption We are at a critical moment in the growth of blockchain technology. Through Astar and Startale’s journey, we’ve learned that the key to web3 adoption lies in leveraging the deep potential of the technology and its broad reach across the enterprise. With their extensive networks and consumer touchpoints, companies are uniquely positioned to bring blockchain into the mainstream. According to astar.network, here’s why and how Astar and Startale are ready to lead this change. Corporate Benefits It is common knowledge that businesses interact with millions of…