Hakan Ateşler 
As the cryptocurrency world awaits the SEC’s final approval of Ether spot ETFs, the agency is also considering Hashdex’s spot ETF product, which holds both Bitcoin and Ether. The SEC began reviewing Hashdex’s 19b-4 filing and initiated the first step in “soliciting comments” on the matter.
Miners, whose earnings almost halved with the halving in April, have seen a serious decline in Bitcoin sales, which peaked at the beginning of this month… While on-chain data also confirms this decline, it is seen that the number of Bitcoins withdrawn from exchanges around 50 thousand per day has dropped below 10 thousand.
While Ether ETFs are expected to open for trading in the US in a few weeks, an important analysis came from crypto management firm Galaxy Digital. Charles Yu, a director of the firm, stated that Ether has structural differences compared to Bitcoin and that this may have a greater impact on the price than Bitcoin.
Grayscale, the world’s largest digital asset management company, published a report commenting on the course of the cryptocurrency world. In the analysis, in addition to Bitcoin and Ether, the company expects 18 coins to come to the fore in the 3rd quarter of 2024 and expects the rise in artificial intelligence coins to continue.
US presidential candidates Donald Trump and Joe Biden faced off on CNN. While the two had a fierce debate on many issues, it was noteworthy that cryptocurrencies were not discussed at all. After the program, political meme coins also went downhill.
The regulation on cryptocurrencies, which Turkey has been talking about seriously since 2021, was adopted by the Turkish Grand National Assembly yesterday evening. While cryptocurrency investors are wondering which areas the law regulates, the most prominent issues are tax, the status of foreign exchanges, token issuance and whether assets can be seized.
VanEck, a major US-based investment firm, has filed for a Solana spot ETF.
The Coinbase exchange has sued two major US regulatory agencies for violating the Freedom of Information Act (FOIA). The exchange also claimed that the two agencies are trying to disassociate the crypto sector from the banking industry.
The approval of Bitcoin spot ETFs by the SEC on January 10 prompted many institutions in the US to take action. State Street, one of the country’s largest banks, and Galaxy Digital have partnered to issue ETFs that invest in crypto companies. State Street will be responsible for the management of the funds, while Galaxy Digital will be responsible for day-to-day operations.
Marathon Digital, one of the largest Bitcoin mining companies in the US and the world, announced that it also mines KAS, the Kaspa blockchain’s own token. Following the announcement that such a strategy was implemented for portfolio diversification, the price of KAS rose by more than 10%.