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In a document filed late on Friday, the SEC said it would take until May 30, 2024, to decide whether to approve Grayscale’s Ethereum futures ETF. Separately, the crypto industry has been focused on a spot ether ETF which gives investors exposure to the cryptocurrency without needing to directly purchase or hold the asset.
Genesis appears to be selling its GBTC shares to buy bitcoin, according to an ETF analyst.Bitcoin’s price fell below $64,000 on March 22.
Bitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins.
This would be the first time that Bitcoin price rallied for seven months in a row.
- 03:55Farcaster co-founder: The prohibition of business/customer types in most cryptocurrency companies is influenced by shadow policies, not statutory policiesFarcaster co-founder Dan Romero stated that the list of prohibited businesses/customers for most fintech/cryptocurrency companies is determined by their upstream banking partners through their regulatory bodies. This is a shadow policy, not a statutory policy.
- 03:54The total sales of NFTs on the Solana chain have exceeded 6 billion US dollarsAccording to the latest data from CryptoSlam, the total sales of NFTs on the Solana chain have exceeded 6 billion US dollars, currently reaching 6,007,496,901 US dollars. The total number of NFT transactions on the chain has reached approximately 59.465 million, with about 5.427 million unique seller addresses and about 2.873 million unique buyer addresses.
- 03:53Organization: The probability of the US Federal Reserve pausing rate cuts mid-next year is increasingMinsheng Securities stated that the probability of the US Federal Reserve pausing rate cuts will increase by mid-next year. The unemployment rate remains low, and with inflation declining being obstructed, the Fed may cut rates 2 to 3 times next year, possibly pausing in the second half of the year. In a small probability scenario, excessive tariffs and immigration policies could lead to a decline in US stocks and a significant downturn in the US economy, which might result in more rate cuts next year.
