Key points:Eric Balchunas is unimpressed with the SEC’s attitude toward the proposed Ethereum ETF.According to Balchunas, SEC staff not communicating with the ETF issuers is not a good sign.Balchunas observed a weak correlation between the Ethereum spot and future ETF.Bloomberg’s Senior ETF Analyst, Eric Balchunas, is unimpressed with the attitude of the U.S. Securities and Exchange Commission’s (SEC) staff over the proposed Ethereum ETF. Balchunas expressed his opinion on the issue on X following the release of a memorandum by the SEC’s Division of Trading and Markets after meeting with Coinbase representatives. Normally I’d say this was good sign but…
Author: Web3 Daily Press Staff
NEW YORK: Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise. Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total value, now estimated at over US$460 billion. Along with other cryptocurrencies including Solana and Dogecoin, it benefited from the regulatory approval in the United States of a new bitcoin investment product, the exchange traded fund – or ETF – in mid-January, said James Butterfill of the investment company CoinShares. These ETFs…
The introduction of spot Bitcoin ETFs has attracted a fresh influx of investors, driving a notable increase in trading volume. This trend has generated a wave of optimism that extends beyond Bitcoin itself. But this hasn’t made the launch of a spot Ethereum ETF any earlier as the US Securities and Exchange Commission (SEC) is currently evaluating the possibility of such a fund. Despite the uncertainty, experts appear to be bullish on the trajectory of the world’s largest altcoin. Ethereum’s Bullish Outlook Bitcoin is gearing up for another important event this year in the form of halving, which is scheduled…
Presale Ending Soon, Tokens Almost Sold Out Looking for the best cryptos to invest in? Scorpion Casino (SCORP), Litecoin, and Uniswap emerge as top contenders. SCORP: A Presale Force Investing in Scorpion Casino (SCORP) offers a unique opportunity to tap into the thriving online gambling sector while benefiting from the advancements in blockchain technology. The fusion of these industries creates a promising avenue for generating passive income. With the blockchain ensuring security, SCORP stands as a reliable platform for users and investors alike. Its success in the presale phase, raising over $6 million, underscores investor confidence in its potential growth.…
Another week ends with remarkable developments witnessed across the cryptocurrency realm. Among these recent developments, Bitcoin, Shiba Inu, and Worldcoin appear to have gained notable traction among crypto market traders and investors globally.Some of the top headlines for this week that garnered notable attention are:Bitcoin Fuels EnthusiasmWith a nearly 10% rally noted by BTC this week, the world’s first-ever digital currency continued to mirror optimism throughout the cryptocurrency realm as it continued its movement nearing the $70K mark. With pre-halving bullish sentiments orbiting BTC, crypto market enthusiasts expect Bitcoin to scale new heights gradually.Meanwhile, the token recorded a brief dip…
VeChain, a leading blockchain platform, is revolutionizing the integration of blockchain technology with Near Field Communication (NFC) chips to enhance data authenticity and unlock new market opportunities. This strategic move aims to reshape the retail landscape by leveraging blockchain’s inherent trust and immutability. Collaborative Innovation with Venum: A Fusion of Blockchain and Physical Products In a groundbreaking collaboration, VeChain has partnered with the esteemed sportswear brand Venum to introduce a limited collection of t-shirts featuring legendary MMA figures. This collaboration not only showcases innovative ways to merge blockchain with physical products but also emphasizes the potential for transforming consumer experiences…
Next Article In the last 7 days, Shiba Inu has gained 59% What’s the story Bitcoin has climbed 1.71% in the past 24 hours and is currently trading at $69,555.45. It is 12.17% higher than last week. The second most popular token, Ethereum, has gained 0.64% from yesterday and is trading at $3,954.70. From the previous week, it is up by 15.03%. The market capitalization of Bitcoin and Ethereum stands at $1.34 trillion and $474.92 billion. How are the prices of other popular cryptocurrencies today? BNB is trading at $494.29, up 0.85% from yesterday and 19.84% up from last week.…
Astar zkEVM is the second chain supporting AggLayer after Polygon zkEVM.Astar Network, a leading project in the Polkadot ecosystem, has expanded onto Ethereum with the mainnet launch of its zkEVM Layer 2 validium rollup.Astar launched its zkEVM on March 6, with the network leveraging Polygon’s Chain Development Kit (CDK) — a modular open-source toolkit for building Layer 2 networks leveraging zero-knowledge (ZK) proofs.Astar zkEVM is also the first third-party network to integrate with Polygon’s AggLayer — a cross-chain interoperability protocol facilitating atomic swaps among Ethereum’s mainnet and Layer 2 networks. Polygon’s zkEVM rollup also supports AggLayer.Through AggLayer, Astar described its zkEVM as driving groundbreaking…
Ever feel like you’re missing out on the latest in Web3, blockchain, and the ever-changing crypto market? You’re not alone! This weekly analysis is your one-stop shop for staying ahead of the curve. This week, we’re uncovering groundbreaking news, from legal battles involving Terraform Labs and the SEC to BlackRock’s potential entry into the Bitcoin ETF game. But that’s not all! We’ll also be dissecting the top performers in the blockchain and DeFi space, along with eye-catching NFT marketplace trends and million-dollar NFT sales. You can’t afford to miss this. Let’s dive into the highlights. 1. Breaking News this Week…
A popular crypto analyst thinks meme crypto asset Dogecoin (DOGE) is gearing up for a big price explosion in the coming weeks. Ali Martinez tells his 50,700 followers on the social media platform X that historical patterns indicate the top meme asset could hit $1 by mid-April. The move would represent a nearly 500% increase from Dogecoin’s current price. Source: Ali Martinez/X Looking at the trader’s chart, he seems to predict that DOGE will meteorically rise in the next month or so after moving above its range resistance, similar to what happened in 2017 and 2021. DOGE is trading at…