🔵 #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.
🔵 #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/
Past issues with #BitcoinETFs approval create concerns about a similar scenario for #Ethereum.
https://coinpedia.org/news/the-ethereum-etf-approval-why-its-complicated/
Coinpedia Fintech News
Approval for Ethereum ETFs Coming Soon? Key Challenges You Should Know
In the wake of the recent green signal for 11 spot Bitcoin ETFs, all eyes are now on the potential approval of a spot Ethereum ETF. The burning question
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
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