Is the SEC’s expected spot ether ETF denial priced in?

Industry watchers seem to agree that if US regulators approve spot ether ETFs, it would be a bullish development for the asset. What’s more, they believe that even if these ETFs are not approved, the impact on the market will not be significantly negative.

That is in part due to market participants’ low expectations that the Securities and Exchange Commission will approve such funds this time around. 

The SEC has until May 23 to rule on a proposed ETH fund by VanEck. Its deadline for a similar planned offering from Ark Invest and 21Shares is the next day.

Segment observers expect, like with bitcoin ETFs, that the securities regulator will rule on all the ETH fund applications at…

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The New Wave Of Bitcoin L2s Are Sidechains

I heard a lot of people say no one could define an L2 at Bitcoin Asia. The problem is that we have a definition, and most people just want to ignore it. Marketing, eh.

“Bitcoin L2s” are the hottest thing on the street. People are using a bunch of jargon to distract users from trust assumptions and shill Bitcoin Season 2.

Why all the sudden energy? See, about a year ago, some teams figured out how to use Bitcoin as a data availability layer for rollups. Others have been working on improving trust assumptions related to bridges (aka two-way peg). The research has been making great progress, and a lot of projects think we’ll have rollup-like blockchains in production by 2025.

2025? Some…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Bitcoin: Market Cap of $1.3 Trillion.
  2. Solana: Market Cap of $79.7 Billion.
  3. Pepe: Market Cap of $3.9 Billion.

MIDCAP COINS:

  1. Notcoin: Market Cap of $561 Million.
  2. Ondo: Market Cap of $1.2 Billion.
  3. Ethena: Market Cap of $1.1 Billion.

RISING COINS:

  1. MAGA: Market Cap of $61.6 Million.
  2. Nimbus Network: Market Cap of $7.2 Million.
  3. Banana Gun: Market Cap of $88.8 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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House expected to vote on bipartisan crypto market structure bill Wednesday

The House of Representatives is scheduled to vote on a landmark cryptocurrency market structure bill this week. 

The Financial Innovation and Technology for the 21st Century Act, known as the FIT21 Act, is expected to head to the floor for a vote in the House on May 22, according to a person familiar with the matter. 

FIT21 advanced through the House Agriculture and Financial Services Committees last summer before getting the greenlight from the Rules Committee to advance to a vote earlier this month. The bipartisan legislation has 11 co-sponsors, including Democrats Henry Cuellar of Texas, Wiley Nickel of North Carolina and Ritchie Torres of New York. 

The proposed market structure…

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Trading Timings Around the World

Traditional stock exchanges across the globe operate within specific hours. For instance, the Japan Stock Exchange and the Korean Exchange both open at 5:30 am and close at 11:30 am. The Shanghai Stock Exchange operates from 7:00 am to 12:30 pm, while Euronext has trading hours from 12:30 pm to 9:00 pm. The London Stock Exchange is open from 1:30 pm to 10:00 pm, and the New York Stock Exchange, which many consider the heart of global finance, trades from 9:30 am to 4:00 pm.

In stark contrast, Bitcoin trading never sleeps. Bitcoin markets operate 24 hours a day, 7 days a week, and 365 days a year. This constant availability allows for unprecedented flexibility and opportunity, catering to traders and investors around the world regardless of their time zone. Bitcoin’s continuous trading cycle exemplifies the decentralized and borderless nature of cryptocurrencies, setting them apart from traditional financial markets.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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