🔸️Ethereum | Bitcoin & Altcoin News

2024-03-20 20:39:58 Bitcoin, Ether fall while spot bitcoin ETFs log record outflows

The price of bitcoin dropped to its lowest point in the past two weeks — falling 5.18% in the past 24 hours to trade at $61,380 as of 1:50 p.m. Hong Kong time, according to The Block’s Price Page. Ether fell 7.8% to $3,090. While the two largest cryptocurrencies have fallen back to their value in the last week of February, all other top 10 non-stablecoin crypto tokens in terms of market capitalization have also declined on Wednesday in Asia.

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2024-03-20 09:29:59 SEC delays making a decision on the Hashdex and Ark 21Shares Ethereum ETFs

The Securities and Exchange Commission has delayed its decision timeline on whether it will approve the Hashdex Nasdaq Ethereum exchange-traded fund. If approved, the Hashdex ETF will hold spot ether and futures contracts. In a notice filed on Tuesday, the SEC said it would be extending its time to make a decision to May 30, 2024.

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2024-03-19 20:04:59 Rogue trader crashes Bitcoin to $8900 on BitMEX in massive sell-off event

BitMEX is investigating an unusual activity involving “a user selling large orders” on its Bitcoin spot market. Yesterday, several market observers identified a rogue seller who unloaded more than 400 BTC on the BitMEX exchange. This action resulted in the flagship digital asset crashing by 87% to as low as $8900 on the platform yesterday before correcting to the actual price.

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2024-03-19 07:30:00 Fidelity amends spot Ethereum ETF to include staking

Financial giant Fidelity has amended its spot ether ETF application to include provisions for staking the cryptocurrency. "According to the Registration Statement, the Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor ('Staking Providers')," the company wrote in an amendment to its filing on March 18.

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2024-03-18 19:30:00 Spot Ethereum ETFs may bring up to $45 billion of inflows if approved, says Standard Chartered Bank

Spot Ethereum exchange-traded funds could still be approved by their initial deadline of May 23, according to Standard Chartered Bank, despite skepticism expressed by other commentators. Earlier this year, Kendrick predicted that spot Ethereum ETFs would likely be approved on May 23 primarily because the Securities and Exchange Commission has not classified ETH as a security in its legal actions against crypto companies.

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2024-03-17 22:45:25 Ether.fi announces airdrop, will adjust token allocation following community complaints

Ether.fi, the largest liquid restaking protocol on Ethereum, has announced plans for its upcoming airdrop of governance tokens. The airdrop's first stage, entitled Season 1, will release 6% of the total token supply and covers behavior up to March 15. Season 2 will release 5% of the remaining tokens and covers behavior from March 15 to an unspecified future date.

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2024-03-17 11:55:16 $7.2 trillion Vanguard CEO says they're not going to offer spot Bitcoin ETFs

"We're not going to change our mind on it unless the asset class changes (...) Bitcoin is just too volatile and it's not a store of value."

- Tim Buckley

ETH | BTC & ALTCOIN News Open / Comment

2024-03-16 21:05:00 Grayscale amends Ethereum ETF filing, says investors ‘want and deserve’ the fund

Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the spot ETH market.

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2024-03-16 09:44:59 Ether spot ETF end of May approval odds plummet to 28% on Polymarket

Prediction markets on Polymarket currently estimate the likelihood of approval for a spot ether ETF by the end of May to be 28%. This marks a significant decrease from the odds of 74% on Polymarket on January 10, when spot bitcoin ETFs were approved. Since the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs in January, attention has turned to whether the agency could authorize spot ether ETFs next. So far, asset managers, including BlackRock and Fidelity, have filed applications.

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