Donald Trump and other U.S. politicians’ embrace of crypto has sparked hope and encouraged stakeholders who see lobbying as a way to influence policymakers. However, lingering doubts about the sincerity of politicians should serve as a warning, reminding innovators that they thrive when prioritizing users’ needs over political interests. Crypto Emerges as a Key Election…
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Following the recent price spike that brought Ethereum (ETH) close to the $4,000 mark, the second-largest cryptocurrency has experienced inflows and renewed market enthusiasm. This comes in response to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March According to a report…
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The recent approval of Ethereum spot ETFs is a net positive for Bitcoin adoption, according to MicroStrategy executive chairman Michael Saylor, who appeared on the What Bitcoin Did podcast last week. The billionaire Bitcoin investor has long championed Bitcoin as the best crypto asset for value storage and assumed that no other assets would gain…
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The total value locked (TVL) of Ethereum Layer 2s have reached a historical record of $47 billion. According to the data posted by L2BEAT, the current TVL of all canonically bridged, externally bridged, and natively minted tokens on Ethereum Layer 2 networks is $47.45 billion, setting a new all-time high. Breaking down by networks, Arbitrum…
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The recent approval of the Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday has sparked speculation on the next price movements for the market’s second-largest cryptocurrency as the trading launch date approaches. However, significant transfers of Ethereum (ETH) to cryptocurrency exchanges have raised concerns about profit-taking, portfolio rebalancing, and potential…
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In wake of news breaking that the SEC has proved eight Ethereum ETFs, crypto markets are experiencing volatility and investors are hunting for the best crypto to buy right now to benefit from Ethereum ecosystem growth. BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really…
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Ethereum (ETH) price is soaring ahead of the Securities and Exchange Commission (SEC) decision regarding the Spot ETH ETF (exchange-traded fund). Investors’ and market watchers’ optimism has increased as the ‘King of altcoins’ surpasses the $3,900 mark. Some analysts believe this bullish momentum could soon propel ETH’s price above all established price targets. Ethereum Soars…
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Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. Notably, major…
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The U.S. Securities and Exchange Commission (SEC) is requiring exchanges to update their spot Ethereum exchange-traded fund (ETF) filings. According to a recent post shared by Bloomberg Intelligence ETF analyst Eric Balchunas, the SEC is asking the applicants to file new Form 19b-4 on an “accelerated basis” to inform the Commission of a proposed rule…
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QCP Capital Cites ‘Lack of News Flow’ for Bitcoin’s Price Decline Amid Market Doldrums
On Wednesday at 11 a.m. EDT, bitcoin hovered just around the $65,000 mark. QCP Capital published its market commentary, attributing the downturn in the crypto economy to a lack of news flow and stagnant markets. In such a market, with minimal positive news to spur buying, existing crypto holders may lose confidence and patience. Crypto…
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