Author: CryptooTimes
Many market analysts recently changed their stance after the SEC unexpectedly requested that aspiring Ether exchange-traded fund exchanges update their 19b-4 filings before a deadline this week. Source link
In previous filings, the firm said it intended to “stake a portion of the trust’s assets” to “one or more” infrastructure providers. However, it clearly stated in Tuesday’s update that it would “not stake the ether” stored with the custodian. Source link
Analysts at crypto trading firm QCP Capital say the unexpected approval of spot Ethereum ETFs could propel ETH price to $5,000 “later in the year.” The price of Ethereum‘s ETH native cryptocurrency might target the $4,000 mark as a “natural short-term target” should the U.S. Securities and Exchange Commission (SEC) approve spot Ethereum exchange-traded funds (ETFs). Ethereum price in USD | Source: TradingView In an analytical update on May 21, analysts at the Singapore-based trading firm stated that the second-largest cryptocurrency by market value could eventually hit $5,000 later this year if the SEC surprises the market with its approval.…
The transfer occurred after Ether’s price rose over 20% during the past day, boosted by a potential U-turn by the United States SEC. Source link
ETH has been buoyed by favorable regulatory developments that seem to indicate increasing chances of spot ether ETFs being approved by the SEC after the regulator asked exchanges to update 19b-4 filings, which propose rule changes. As a result, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit year-to-date highs above 18%, and traders heavily bought $4,000 calls for 24 May and 31 May, Presto Research analysts wrote. A Polymarket contract asking if an ether ETF would be approved by May 31 jumped from 10…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Memecoins like Pepe and KangaMoon are gaining momentum, while Bonk strives to reach new highs in the thriving crypto market. Memecoins have grown to become a key cog in the crypto industry. With a total market cap of over $54 billion, more top memecoins are gaining more value in the market. Among the top memecoins, Pepe (PEPE) and KangaMoon (KANG) are soaring in momentum ahead of what could be a significant rallying period for these meme projects. Meanwhile, can…
ZachXBT flagged seven wallet addresses with $61 million in Bitcoin connected to the Lazarus hacking group. Source link
Analyst expects renewed market confidence as Bitcoin surges to $71,000 Bitcoin’s price surged to $71,000 on Tuesday amid increased spot buying and spot BTC exchange-traded fund (ETF) purchases, prompting the cryptocurrency community to debate whether this signals the start of a bull market or its peak. At the time of writing, the world’s largest cryptocurrency exchanged hands at $70,950, with a massive 24-hour trading volume of $52.4 billion. The crypto asset’s market cap currently stands at $1.39 trillion. BTC 24-hour price chart | Source: CoinMarketCap Matteo Greco, research analyst at Fineqia International, has highlighted the increasing investor interest and inflows in…
The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31 deadline. Source link
In an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector. Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns. “The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement. The commission banned access to unlicensed crypto exchanges last month and introduced significant changes aimed at fortifying the digital asset market. These amendments included the removal of investment caps for retail…
