Hakan Ateşler 
After postponing the deadline for payments to October 2024 last year, the Mt. Gox exchange transferred more than 100 thousand Bitcoins to an unknown address. As a result of the transfers, Bitcoin fell below $68 thousand.
QCP Capital, one of the major crypto-focused service companies in the Far East and Asia region, stated that the most important development for an upward price breakout in Ether will be the opening of ETH spot ETFs in the US. “While we are structurally positive ETH, we don’t see a major breakout until we have more clarity on the S-1 approvals” the company said in its analysis.
The SEC’s approval of Ether spot ETFs has whales on the move. Major crypto addresses are turning their attention to the decentralized finance ecosystem following Thursday night’s approval. UNI, AAVE, LDO and ENS have become prominent alt coins among them.
Last year in the US, the person who used his power in the bank where he was the former CEO to transfer $47 million to crypto wallets and was found to have embezzled it confessed to his crime. After the transfers, the Kansas-based bank went bankrupt.
Launched in 2023 and with a strong investor base in many countries including Turkey, PEPE continues to be one of the stars of the bull season. Investors in PEPE, which has increased more than 15 times since February, are also seen to be in profit to a very large extent.
In recent days, US presidential candidate Donald Trump’s positive statements about cryptocurrencies have led to huge rallies in meme coins issued in his name, while a trader earned $2.7 million in just 3 days in one of these coins.
Ether ETFs, which were almost hastily approved by the SEC last week, are now unlocked for other crypto funds. Analysts at financial services firm TD Cowen say it is only a “matter of time” before even a basket of funds consisting of various coins is approved, although the SEC’s view of cryptocurrencies has not changed.
Famous American television programmer Caitlyn Jenner, rapper Rich the Kid and anonymous trader GCR’s X accounts were reportedly hacked, while various coin shares also draw attention. Despite all the posts, no one other than GCR stated that his account was hacked. On the other hand, coin posts receive reaction from followers.
OKX, the world’s largest exchange after Binance, has decided to withdraw from the Hong Kong market. Deposits and transactions will cease as of May 31, but withdrawals will continue until August 31. The exchange did not provide any information about the withdrawal from the Hong Kong market, except to say that it was a “strategic decision”.
The approval of Ether spot ETFs by the SEC has sparked a similar debate for other cryptocurrencies. Analysts at Standard Chartered, the world-renowned British bank, stated in their latest assessment that cryptocurrencies similar to Ether may not be considered securities and ETFs of those assets may also be approved in the future.