Tag: Cryptoslate
Blockchain
SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win
The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry The decision, announced
Blockchain
Ethereum ETF approval will set stage for Solana ETF, commodity classification
According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity The
Blockchain
Bitcoin’s second best start to a halving cycle
Quick Take Bitcoin has shown a positive trend since its halving on April 20, with an increase of approximately 8% It traded around $64,000 and is now consolidating just below $70,000 This performance
Blockchain
Bipartisan push for Ethereum ETF gains momentum in Congress
A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs) The letter signatories included
Blockchain
Bybit CEO dispels insolvency rumors amid $115 million user withdrawals
Bybit crypto exchange CEO Ben Zhou has firmly denied rumors about the exchange’s alleged insolvency circulating on social media This week, obscure social media accounts began spreading these
Blockchain
Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio
The ETH/BTC ratio represents the relative strength of Ethereum (ETH) against Bitcoin (BTC) With the two being the two largest coins by market cap and the two largest crypto ecosystems in general, it
Blockchain
Hong Kong considers allowing staking for Ethereum ETFs, diverging from US stance
Hong Kong’s Securities and Futures Commission (SFC) is reportedly considering allowing Ethereum ETFs under its jurisdiction to stake their tokens, a stance notably different from that of US
Blockchain
Bitcoin drops as S&P US composite PMI Flash surges, Ethereum remains resilient
Quick Take According to Trading Economics, the S&P Global US Composite PMI Flash experienced a significant surge in May, reaching 544, up from April’s 513 This marks the highest level since
Blockchain
Is Ethereum a security or commodity? Why does it matter and will an ETF change this?
The ongoing debate over Ethereum’s classification in the United States is garnering significant attention at the moment due to actions by the SEC and a possible ETF approval The distinction
Blockchain
Bitcoin faces critical $70,000 barrier ahead of Ethereum ETF verdict
Quick Take Bitcoin is currently trading just below $70,000, a critical resistance level, while its all-time high (ATH) stands around $73,600 The digital asset community is eagerly awaiting the
Blockchain
Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%
The Worldcoin Foundation expressed disappointment over Hong Kong authorities’ decision to ban its data collection efforts due to alleged privacy violations, according to a May 23 statement
Blockchain
NVIDIA’s record-breaking Q1 revenue fuels AI, Bitcoin mining convergence
Quick Take According to the NVIDIA newsroom, NVIDIA achieved a record quarterly revenue of $26 billion in Q1 2024, marking an 18% increase from Q4 2023 and a staggering 262% rise from the same period
