Exciting news has surfaced in the world of finance as the SEC made a groundbreaking decision this week. Following the historic approval of the Bitcoin ETF earlier this year, the securities regulator has finally given the green light to all spot Ethereum ETF applications. After months of anticipation and delayed deadlines, the wait is finally over.
Bitcoin
The popular Ethereum wallet, MetaMask, is making waves with its plans to introduce native Bitcoin support. This move is set to take its multi-chain capabilities to the next level, providing users with even more options and opportunities.
Ethereum
VanEck’s highly anticipated Ethereum spot ETF, with the ticker $ETHV, has officially been listed on the DTCC. However, eager investors will have to wait for SEC approval before they can start trading.
In a bold move, the SEC has requested US exchanges to fast-track their 19B-4 filings, signaling a crucial deadline approaching. The SEC has given the green light for all spot Ethereum ETFs, making history and opening the doors for these products to hit the market later this year.
BlackRock’s highly anticipated Ethereum ETF, known as $ETHA, has finally hit the market and is now listed on the DTCC. But that’s not all – the SEC has also given the green light to seven other Ethereum ETFs, making this a major win for the digital currency.
However, before we can start trading, we’re still waiting for the SEC to clear the S-1 filings. In the midst of all this, there’s been some controversy surrounding EigenLayer, as their team of Ethereum experts has raised concerns about potential conflicts of interest and the preservation of unbiased neutrality.
DeFi
The groundbreaking launch of Zeta X (ZX) announced by Zeta Markets. This revolutionary DeFi layer-2 solution is set to hit the market in early 2025, taking decentralized trading to new heights. With its integration on Solana, ZX promises to skyrocket trading efficiency and unlock endless possibilities for its native token.
NFT
After facing intense criticism from the community, Yuga Labs, the highly anticipated CryptoPunks collaboration is taking a U-turn. Well, let’s just say the collection’s ‘woke’ approach didn’t sit well with everyone.
Exclusive: Grayscale Debuts Cutting-Edge Crypto Trusts for Stacks and NEAR
Binance Executive No-Show in Court Raises Alarming Health Concerns
Security
Disaster struck Gala Games when a cunning hacker infiltrated their security systems, causing chaos and resulting in a whopping $29 million worth of GALA tokens being minted and sold without authorization.
It was a wake-up call for the company, as internal control failures were exposed. But, with swift action and the help of federal law enforcement, the hacker was caught and forced to return $22 million in Ether.
Regulation
Venezuela’s National Power Ministry has launched a shocking attack on Bitcoin mining farms, cutting off their access to the country’s electricity grid and confiscating a staggering 11,000 Bitcoin miners. Meanwhile, Uniswap Labs has taken a bold stance against the SEC’s Wells Notice, fighting back against their overreaching attempts to control the cryptocurrency market.
In a historic moment, the United States House of Representatives made a resounding decision with a 279-136 vote in favor of the Financial Innovation and Technology for the 21st Century Act.
With overwhelming support from the Democratic party, this bill has the potential to be a game-changer for the crypto industry, solidifying its place in the legislative landscape. If passed into law, it would be a major milestone for the industry, significant legislative accomplishment in Congress.