🔵 #Bitcoin (BTC) failed to surpass $40,000, facing continued decline.

🔵 #Ethereum (ETH) struggled as approval for #BlackRock's spot #ETHETF was delayed by the US SEC, potentially leading to a bearish trend.

🔵 Other major #cryptocurrencies, including #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC), experienced losses.

🔵 The AKT token, suffered a 24-hour dip of over 7 percent, MANTA emerged as the biggest gainer.

🔵 The global #cryptomarket cap was $1.56 trillion, showing a 1.01 percent gain in the last 24 hours.

SEC's unclear stance on #Ethereum as a security raises doubts about potential approval for an #ETHETF.

Past issues with #BitcoinETFs approval create concerns about a similar scenario for #Ethereum.
https://coinpedia.org/news/the-ethereum-etf-approval-why-its-complicated/

Top #CryptoNews This Week

1️⃣ #Grayscale's #GBTCETF nets $28.195 million, while #Fidelity's #FBTC leads with $379 million inflow.

2️⃣ SEC Chair #Gensler suggests slow #ETHETF approval, criticizes #cryptoexchanges' activities as unconventional.

3️⃣ ECB cuts rates by 25 basis points, forecasts inflation increase, expects moderate easing amid strong domestic pressures.

4️⃣Bank of Canada cuts rates to 4.75%, aiming to support economic growth amid declining #inflation.

5️⃣#Bitpanda partners with Deutsche Bank for real-time #crypto payments, enhancing German user experience.

6️⃣ #Robinhood to acquire Bitstamp for $200 million, subject to regulatory approval, expanding global presence

7️⃣ #Bybit opens registration for mainland China users, causing internal panic; aims to tap into new markets

8️⃣ Chinese student sentenced to 4 years for #Memecoin fraud; issued BFF causing losses over 50,000 USDT

9️⃣#Vitalik Buterin criticizes celebrity involvement in crypto, calls for focus on public interest initiatives