Together with |
|
GM Defiers! |
Today's the big day! Today marks a key date for the spot Ethereum ETF approval process as the SEC is set to decide on VanEck's application, the first among several similar applications. Analysts' approval odds have increased to 75% from 25%. Investors expect spot Ethereum ETFs will open the floodgates to billions of dollars in inflows from institutional investors, which is why ETH has been rallying. |
ETH ETF approval odds have increased as crypto has turned increasingly political. The latest example is that the White House has backed down on threats that it may veto the Financial Innovation and Technology for the 21st Century Act (FIT21) after the landmark bill passed through the House of Representatives. |
In other news, EtherFi aims to disrupt the booming Ethereum restaking sector the launch of its forthcoming credit card. Also, the crypto community is torn over two key members of the Ethereum Foundation taking on hefty paid advisorships at EigenLayer. |
✍️ In today's newsletter: |
ETH ETF approval deadline EtherFi's restaking-powered credit card Whitehouse won't veto FIT21 bill Community debates Ethereum Foundation member advising EigenLayer Near to foster user-owned AI Xapo supports Lightning Network deposits Robinhood expands on-chain offerings Miladys buck Ethereum NFT downtrend Crypto rally pauses amid Fed meeting
|
🙏Sponsored |
|
📈 Markets in the last 24 hrs: |
| TICKER | VALUE | 24 H |
|---|
| Bitcoin | $69,611 | 5.07 % | | Ethereum | $3,613 | 17.64 % | | Gold 1st Future | $2,434 | 0.90 % | | S&P 500 | 5308.13 | 0.09 % | | Arch Web3 | 2.41 | 11.34 % | | Learn more about Arch Indices here. | |
|
|
🎬WATCH |
Check out our podcast with Lukas Schor, the founder of Safe, to learn about how quantum computing could impact blockchain. Plus, watch our interview with Robert Viglione, co-founder of Horizen Labs, to discover how the project is driving down the costs associated with zero-knowledge proofs. |
And dive into our in-depth explainer on DeFi derivatives. |
 | What Are DeFi Derivatives? | Crypto101 |
|
|
|
THANKING OUR NEWSLETTER SPONSORS |
| NEWSLETTER CONTINUES BELOW | |
|
Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility. |
|
Safe{Wallet} is considered the most secure wallet in the web3 space, trusted by Vitalik Buterin and leading projects to safeguard over $100 billion in assets. The smart wallet is widely known for its multisig functionality, offering robust security measures, convenient account recovery, and access to a thriving ecosystem of over 200 integrated apps. |
|
Win from $12,000,000 in NEXO Tokens! Get rewards when you buy crypto, swap, top up, and more. Download the Nexo app, collect points, and win big! |
|
|
|
Today, May 23, is a key date for the spot Ethereum ETF approval process as the SEC is set to decide on VanEck's spot Ethereum ETF application. The SEC only decides on Form 19b-4 today, while the S-1 form may take additional time. The expectation is that if the U.S. securities regulator approves the VanEck product, it will approve the other petitions. There's also the expectation that ETH ETF fund flows will push up the ETH price. |
|
|
EtherFi has announced plans to launch a Visa credit card integrated with a mobile wallet. The forthcoming product will allow restakers to make debit or credit payments leveraging their restaking portfolio. |
|
|
The Biden administration announced it will not veto the crypto market structure bill, FIT21, which was passed by the U.S. House of Representatives. Instead, the White House said it is "eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing authorities." |
|
|
Dankrad Feist and Justin Drake, two prominent members of the Ethereum Foundation, are catching flak for taking multimillion-dollar advisory deals with EigenLayer, the pioneering restaking protocol. Many onlookers doubt the pair can maintain neutrality when holding the positions, but not everyone is upset. |
|
|
Near, the Layer 1 blockchain, has launched an initiative to incubate and invest in native AI infrastructure. Near initially launched as an AI project and is now looking to foster synergies between the nascent sector and distributed ledger technology. |
|
|
|
|
Robinhood, the popular retail trading platform, is deepening its support for on-chain finance by tapping 0x for gasless swaps on Arbitrum. The move follows Robinhood first introducing support for Arbitrum-based trading in February. |
|
|
Growing Latin American adoption of Lightning Network has prompted Xapo to introduce support for BTC deposits via the Bitcoin Layer 2. Lightning payments from Xapo customers jumped 44% from February through March, with Argentina and Brazil accounting for 43% of the total. |
|
|
The floor price of Milady Maker NFTs jumped 35% over the course of a few hours. The move comes despite many Ethereum NFT collections suffering heavy drawdowns as Blur's third airdrop season winds down. |
|
|
Leading digital assets are trending sideways after the bullish start to the week triggered by renewed spot Ether ETF bullishness. The pause in volatility coincides with the Federal Reserve's latest policy meeting. |
|
🌍 ELSEWHERE |
H.K. May Allow Ether ETF Staking, Setting It Apart From US (Bloomberg) Grayscale Launches Trusts for Bitcoin Layer-2 Stacks, Near Protocol (Decrypt) Fantom developers introduce foundation for Sonic, close $10 million strategic round (The Block) Exploiter Returns Stolen Funds After Gala Games Froze $180 Million (Unchained)
|
|
🔥 TRENDING |
|
No comments:
Post a Comment