🔸️Ethereum | Bitcoin & Altcoin News

2024-03-23 11:09:57 Spot Ethereum ETF approval in May seems 'extremely unlikely,' says Galaxy's Thorn

Approval for spot Ethereum exchange-traded funds in May now seems "extremely unlikely," according to Alex Thorn, head of firmwide research at Galaxy Digital. Recent reports that the Securities and Exchange Commission has issued subpoenas to crypto firms regarding their relationship with the Ethereum Foundation, coupled with the SEC's lack of active engagement with ETF applicants just two months before the first deadline, have cast significant doubt on the May approval, Thorn wrote in a note on Friday.

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2024-03-22 21:19:57 Google adding Ethereum Name Service data into search results through Etherscan

Tech giant Google has integrated Ethereum Name Service (ENS) data into its search results through data available from Etherscan. CryptoSlate confirmed this feature by testing it with several ENS addresses, including Vitalik.eth, an address belonging to Vitalik Buterin, the co-founder of the Ethereum blockchain network. The displayed result showed the address details like the Ethereum balance and the timestamp of the last transaction. The data was collected from Ethereum block explorer Etherscan.

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2024-03-22 10:54:58 JPMorgan says bitcoin remains in 'overbought territory' despite recent correction

Bitcoin underwent a sharp correction last week before rebounding this week, but it still remains in "overbought territory," according to JPMorgan analysts, suggesting that the largest cryptocurrency by market capitalization could fall further. JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Thursday that two metrics — JPMorgan's futures position proxies and the bitcoin futures price premium over the spot — suggest bitcoin is still overbought.

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2024-03-21 20:59:58 FTX estate faces estimated $3 to $5 billion in US government claims amid bankruptcy proceedings, court filing shows

U.S. government claims against the bankrupt crypto exchange FTX are expected to total between $3 and $5 billion, according to a court filing on Wednesday, subject to change and negotiations with applicable authorities. However, it is important to note that in accordance with Chapter 11 priorities for the estate, FTX customers, Alameda Research lenders, administrative expenses, and non-governmental creditor claims will be paid out before any government and tax claims.

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2024-03-21 11:09:58 SEC subpoenaed firms that dealt with the Ethereum Foundation: Fortune

The U.S. Securities and Exchange Commission issued subpoenas to firms that dealt with the Ethereum Foundation, reports Fortune, citing people familiar with the matter. Fortune reports that the regulator's investigations also required firms to provide documents and financial records related to Ethereum Foundation interactions. The Ethereum Foundation is a non-profit based in Switzerland that develops and manages the Ethereum blockchain.

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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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