Ethereum ETFs may spark a new “altseason,” traders suggest, with Bitcoin losing market share after hitting two-year highs.
Read more on Cointelegraph
- Crunch
- Global
Thursday was a day to remember for any crypto enthusiast: U.S. spot bitcoin exchange-traded funds (ETFs) drew a record $107.91 million in net inflows, helping to secure a ninth day of gains for the space—the longest since March. BlackRock’s IBIT led the pack, attracting $89 million and underpinning heightened institutional interest in digital assets. But with bitcoin only depreciating modestly, going down 2.61% to reach $67,642, the appetency of the market for crypto ETFs remains at quantitively high levels, with this appetite carved out between 11 different funds that now post a net inflow totaling over $13.43 billion since January.
The SEC, further supporting the crypto sector, approved applications for eight spot ether ETFs from financial giants like BlackRock and Fidelity. This, therefore, allows more mainstream market exposure to Ethereum once further regulatory approvals come through.
These developments will firmly put cryptocurrencies in the mainstream and allow both retail and institutional investors to interact with the market afresh through regulated avenues. This is likely in line with a growing realization in regulatory circles of the need to develop regulatory frameworks in a manner that allows for sustainable crypto integration into the traditional financial system.
A Rabbit spokesperson claimed that the Gama team was forthright with the open-sourcing of the project and that the allegation was false.
Read more on Cointelegraph
Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions.
Read more on Cointelegraph
Gambaryan missed a court appearance on tax evasion charges but managed to attend the money laundering trial on the same day.
Read more on Cointelegraph
Kabosu, the Shiba Inu who became an internet sensation and the face of Dogecoin, passed away peacefully. The crypto community honors her legacy.
Read more on Cointelegraph
The Algorand Foundation’s latest ad takes a swipe at the “big three” crypto networks, saying they’re too slow, too expensive or prone to failure.
Read more on Cointelegraph
A cryptocurrency themed around the adorable Winnie the Pooh character has boosted the fortunes of its holders after raking in big gains lately.
What Happened: POOH POOH/USD, created solely for entertainment purposes, jumped 46% in the last 24 hours, according to CoinMarketCap data. Over the past week, its value has more than doubled.
With the parabolic lift, the token’s market cap surged past $17 million. Around $3.42 worth of trades involving POOH were executed in the last 24 hours, marking an increase of 17.66%. The surge comes at a time when the more popular currencies like Bitcoin BTC/USD, and Ethereum ETH/USD and Dogecoin DOGE/USD exhibited sluggishness.
Despite having a…
Read more on Benzinga
A multi-million bet on “Ethereum ETF approved by May 31” resolved to a “Yes” on Polymarket as news from the SEC broke, but the losing side argues it’s not over yet.
Read more on Cointelegraph
Crypto commentators suggest there could be two reasons why the price of ETH hasn’t rocketed in the wake of spot Ether ETF approvals.
Read more on Cointelegraph