JPMorgan has predicted that the newly approved spot Ethereum exchange-traded fund (ETF) will likely begin trading before the US presidential election in November, citing the cryptocurrency’s growing political importance. This outlook follows the U.S. Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from previous skepticism surrounding these financial products. The SEC has approved Form 19b-4 for an Ethereum ETF, which includes products from VanEck, BlackRock, Grayscale, and Fidelity. However, these products require an S-1 registration statement to be activated before you can begin trading. JPMorgan highlighted these developments: “The…
Author: Crypto Flexs
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Hong Kong Monetary Authority Issues Fraud Website and Phishing Warning The Hong Kong Monetary Authority (HKMA) has issued a public warning about scam websites and phishing emails linked to Tai Sang Bank Limited, according to a press release on its official website. The fraud has been reported to the HKMA and a link to the press release is available on the HKMA website. HKMA’s advice to the public HKMA advises the public that banks do not send SMS or emails containing hyperlinks to the bank’s website for transactions. Additionally, we never ask customers for sensitive…
A widely respected cryptocurrency analyst and trader has revealed his predictions for the future of Ethereum (ETH), expressing bullish sentiments about one memecoin built on the Solana (SOL) blockchain. The analyst, who goes by the pseudonym Flow Horse, told his 216,400 followers on social media platform According to an anonymous analyst, WIF could turn bullish after a consolidation phase. “I don’t think WIF is ready to take off its hat yet.” Source: Flow Horse/X WIF is trading at $2.97 at the time of this writing, down about 38% from its all-time high in March. Flow Horse mentioned ETH, which could…
The recent Ethereum price drop appears to be a classic case of “buying the rumor and selling the fact.” Experts predict that the price of Ethereum could soon surge by more than 60% as institutional investor interest in futures grows. The party may be put on hold for cryptocurrency strength, at least for now. May 23, 2024 Despite the U.S. Securities and Exchange Commission’s (SEC) landmark approval of several Ethereum (ETH) exchange-traded funds (ETFs), Bitcoin (BTC) and Ethereum prices have experienced declines over the past 24 hours. . Photo: CoinMarketCap This price drop appears to be a classic case of…
Bitcoin (BTC) is quietly copying key features of the 2016 bull market ($75,000).In a May 24 post by X, popular trader Jelle noted what could be the next “major breakout” in BTC price action.Trader: BTC price is “remarkably similar to early 2017”Bitcoin analysis often points out similarities between the current bull cycle and past bull cycles, especially the two most recent cycles: 2016-2017 and 2020-2021.While 2024 stands out in that it hit a new all-time high before, rather than after, the block subsidy halving, there is plenty of data to suggest that Bitcoin’s steepest rise is still ahead.For Jelle, the…
Welcome to the latest issue of Cryptie. We’ve seen a lot of activity across the cryptocurrency world as the community settles into post-halving normalcy. This issue includes the latest updates from the cryptocurrency industry, new merchants, giveaways, and the latest updates from BitPay.Let’s take a look at this month’s highlights.On this issue: Bitpay in the newsCheck out the latest news from BitPay this month.industry newsRead news from across the blockchain industry:Wisconsin’s state pension fund has made a significant investment in Bitcoin, highlighting the growing acceptance of cryptocurrencies by public institutions. WPRThe value of Bitcoin surged to $70,206, reflecting renewed interest…
Share this article Kabos, the Shiba Inu who gained attention as the face of the iconic “Doge” meme that inspired the creation of Dogecoin, passed away peacefully today at the age of 17.Her owner, Atsuko Sato, announced the news on her official blog, thanking Kabo-chan for the love and support she has shown over the years. A farewell party for Kabosu worshipers is being held at Flower Kaori in Kotsunomori, Narita City, on May 26. The cryptocurrency community and Kabosu’s fans expressed their condolences by sharing tributes and cherished memories of the dog who became an internet legend.It was in…
hello. My name is Stephan Tual, and I have been in charge of Ethereum introduction and education as CCO since January. I also lead the UK. ÐΞV Our hub is located in Co-Work, Putney (south-west London). I am truly honored to lead our communications strategy efforts at ÐΞV. For the first time, we are seeing the mainstream public truly interested in the potential of decentralization. The feeling of excitement about ‘what could be’ when I first read Vitalik’s white paper that fateful Christmas afternoon is now shared by hundreds of thousands of technology professionals, developers and entrepreneurs. Thanks to Ether…
Bitcoin BTC -1.23% It fell above $70,000 as high volatility led to increased liquidations.On Tuesday, the price of Bitcoin briefly surpassed the $70,000 threshold. However, it quickly fell 3.5% to around $67,000, which led to a significant number of liquidations of leveraged positions across the market.According to The Block’s pricing page, the largest digital asset by market capitalization is currently trading at $67,400. Bitcoin price is 8.5% short of its all-time high of $73,737 on March 14.While the position has been approved Ethereum ETH -1.97% For ETFs yesterday, this volatility led to the liquidation of over $378 million in leveraged…
ONDO has experienced significant trading activity as metrics suggest further price appreciation in the near term. The protocol’s TVL also surged, suggesting that trust in the project has strengthened. ONDO price rebounded shortly after the U.S. SEC announced that it had approved eight Ethereum (ETH) spot ETFs. The token price before approval was $0.92. However, the price of ONDO is up 13.26% in the last 24 hours as the token crosses the $1 psychological zone. Well, you might be wondering what temperature has to do with Ethereum to have a strong impact on its development. AMBCrypto will explain. In a…