As the SEC continues to delay their decision on Ethereum ETF applications, the anticipation only grows. Each week brings new speculation and excitement, wondering if this will be the week the SEC finally makes a move. Yet, despite the uncertainty, institutional investors are boldly jumping into ETF projects, undeterred by the regulatory indecision.
Bitcoin
Amidst the buzz of the upcoming U.S. presidential elections, former leader and Republican nominee, Donald Trump, has sparked excitement in the crypto world with his bold statements in support of digital currencies.
Trump’s stance against Biden’s stricter crypto regulations has solidified his position as a pro-crypto advocate. In a major power move, quantitative trading firm Susquehanna International Group has invested a whopping $1 billion into Bitcoin exchange-traded funds (ETFs) during the first quarter of 2024, signaling a strong belief in the future of cryptocurrency. Hightowers Advisors Makes Bold Move with $68 Million Investment in Bitcoin ETF in a may 6 filing.
Ethereum
Revolutionary minds clash as Ethereum co-founder and Consensys CEO, Joseph Lubin, takes a bold stance against the SEC’s stifling tactics in the world of cryptocurrency. Accusing the SEC of purposely hindering innovation, Lubin calls out their strategic enforcement approach, which he believes is hindering productive dialogue with the crypto community.
Meanwhile, the brilliant minds of Vitalik Buterin, Matt Garnett, Ansgar Dietrichs, and Sam Wilson have proposed EIP-7702 as a game-changing solution to refine account abstraction on the Ethereum platform, challenging the current EIP-3074.
Business
Ripple and XRPL Labs have joined forces with Hedera and Algorand to create the DeRec Alliance. To revolutionize digital asset recovery and unite top players in the industry to improve compatibility and ease of use in the crypto realm.
And it seems like they’re not the only ones with high hopes for the future of blockchain technology. Pantera Capital, a renowned investment firm in the blockchain world, has just made its biggest investment yet in Telegram’s Open Network (TON).
Exclusive: Bitcoin falls from $66,000, but defiant CEO predicts 300% surge
NFT
Legal drama unfolds as the lawsuit against soccer superstar Cristiano Ronaldo intensifies. Despite his attempts to dismiss the case, the judge rules against him in the ongoing battle over his promotion of NFTs on the popular Binance crypto exchange.
Security
The infamous Poloniex hacker strikes again! After lying low for 178 days, they have resurfaced, transferring a whopping $3.3 million worth of ETH to the notorious Tornado Cash mixer. This brazen move has reignited fears of money laundering schemes running rampant in the world of cryptocurrency.
Regulation
The SEC plays a game of delay and dodge with the highly-anticipated Invesco Galaxy Spot Ethereum ETF, leaving investors in a state of limbo. As the regulatory body continues to push back its decision, the future of Ethereum ETFs remains shrouded in mystery.
Meanwhile, in a shocking twist, the United States Justice Department has accused Maximilien de Hoop Cartier, a descendant of the iconic Cartier family, of teaming up with a Colombian drug cartel and funneling illicit funds through the use of USDT.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.