New update from Fidelity on the new Ether spot ETF
Fidelity, one of the companies applying for an Ether ETF, made changes to its fund pending approval. The company officially notified the SEC that Ether staking was removed from the fund.
Hakan Ateşler
Ether ETF approval would be a real shock for them, says Variant chief legal officer Chervinsky
Jake Chervinsky, who is well known in the crypto industry and has worked for a number of companies in the space, said the approval of Ether spot ETFs by the SEC will be a “real shock” for those following the process in Washington. Chervinsky also noted that the passage of legislation to change the regulation known as SAB121 is actually a more important development than Ether ETFs.
Biden has changed his mind: Is he going to be crypto-friendly?
Last night’s big U-turn from the SEC on Ether spot ETFs prompted analysts to raise the approval rate from 25% to 75%. ETF analyst Eric Balchunas believes that the upcoming elections in the US are behind this change.
Bitcoin and Ether rally wipes out $265 million in “short” positions
The sharp rises in Bitcoin and Ether since yesterday evening have devastated short traders. In the last 24 hours, a total of $325 million worth of positions were liquidated, of which $265 million belonged to short positions.
GALA hacked: They generated and sold $200 million worth of tokens
Gala Games, one of the most well-known Web3 gaming platforms, has been hacked. The attackers generated about 200 million dollars worth of GALA tokens and converted some of them into ETH. The GALA token also fell by more than 15%.
Reaching $4,000, Ether experiences its biggest daily increase in value
While positive Ether ETF news from the US sent the two major cryptocurrencies soaring, ETH also shed its dead weight. Ether gained $590 on a daily basis, adding $70 billion to its market capitalization. Analytics firms expect the price to exceed $4,000 over time.
Investments in crypto companies increased by 40%: PitchBook
With 2024 showing a positive picture for cryptocurrencies so far, an important report was shared from PitchBook, a financial data and software company. It was stated that investments in crypto companies in the first quarter of 2024 increased by 40% compared to the last quarter of 2023 and reached $2.4 billion. Together AI company received the largest investment.
Unexpected resignation at Grayscale days before Ether ETF decision
Michael Sonnenshein, CEO of Grayscale, has left his position. The crypto fund management company decided to replace Sonneshein with Peter Mintzberg, a Goldman Sachs executive.
$932 million inflows into crypto funds: Outflows in Ether days before ETF decision
Cryptocurrency and digital asset funds received a net investment of $932 million last week. Bitcoin funds received $942 million, while Ether funds saw an outflow of $23 million due to low ETF approval expectations. Altcoin funds also received significant investments as in recent weeks.
Binance exchange opens the door to those coins: Listing announcement
Binance, seen as the world’s largest cryptocurrency exchange, said in an announcement that it is considering listing the coins of small and medium-sized crypto projects. “We would like to invite such high-quality teams and projects to apply for our listing programs.” the exchange said.