Day: May 24, 2024

Crypto Community Debates Ethereum ETF Approval on Polymarkets

The U.S. Securities and Exchange Commission’s (SEC) recent approval of eight spot Ethereum ETFs has sparked a new controversy in the cryptocurrency community, particularly over the definition of “approval.” This debate has become a focal point on Polymarkets, where over $13 million was wagered on the SEC’s decision to approve a spot Ethereum ETF by […]

Crypto Twitter Celebrates SEC’s Approval of Ethereum ETFs

The cryptocurrency community on Twitter erupted in celebration following the U.S. Securities and Exchange Commission’s (SEC) approval of eight spot Ethereum ETFs this Thursday. This jubilation comes on the heels of other significant achievements earlier this year, including the approval of the first Bitcoin ETFs in January and the passage of the Financial Innovation and […]

Ethereum ETF Approval: Modest Price Movement

Following the U.S. Securities and Exchange Commission’s (SEC) historic approval of eight spot Ethereum ETFs, the price of Ethereum has remained relatively stable, showcasing only slight fluctuations. According to CoinGecko data, Ethereum’s price briefly peaked at $3,856 immediately after the ETFs’ approval was confirmed but soon dipped to $3,771, stabilizing around $3,825 at the time […]

SEC Green-Lights Ethereum ETFs: A New Era Begins

In a remarkable development, the U.S. Securities and Exchange Commission (SEC) has officially approved eight applications for spot Ethereum ETFs, marking a significant milestone for Ethereum’s integration into Wall Street. The approved funds include the Grayscale Ethereum Trust, Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK/21 Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, […]

SEC Ethereum ETF Approval Sparks Betting Controversy

The recent approval of eight spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) has ignited a new controversy in the cryptocurrency world, particularly over the interpretation of what “approval” truly means. This debate has taken center stage on Polymarkets, where over $13 million was staked on the prospect of the SEC approving […]

Ethereum ETFs: Anticipation and Implications

The cryptocurrency sector is on the brink of a significant evolution as institutional investors prepare to invest an estimated $500 million into Ethereum ETFs in the upcoming week, pending approval by the U.S. Securities and Exchange Commission (SEC) this Thursday. This sentiment comes from an analysis by OKX, a leading crypto exchange. Lennix Lai, OKX’s […]

FTX Saga: Salame Faces 5-7 Years in Prison

In a significant development in the ongoing FTX scandal, prosecutors have recommended a prison sentence of five to seven years for former FTX executive Ryan Salame. This proposal comes in response to what they describe as “serious crimes” that demand a “substantial sentence.” On Tuesday, the government filed a 30-page sentencing memorandum, detailing the gravity […]

Spot Ether ETFs: No Staking Allowed

As issuers gear up for potential approval of spot ether (ETH) exchange-traded funds (ETFs), recent filings emphasize a clear commitment to the Securities and Exchange Commission (SEC): no involvement in staking ETH. Staking is the process of depositing ETH to help secure the Ethereum blockchain, offering yield as a return, but this will be explicitly […]