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🧙♂️ Companies that will launch spot Ethereum ETF in the USA.
🧙♂️ Companies that will launch spot Ethereum ETF in the USA.
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Will There Be an ETF Rally in Solana and XRP? JP Morgan Announced! In the USA, the SEC also approved Ethereum ETFs after approving Bitcoin ETFs. After the ETH ETF approval, eyes turned to other cryptocurrency ETFs such as #Solana (SOL) and #XRP , while a report came from JP Morgan. According to The Block, JP Morgan said he does not think the SEC will approve Solana or other altcoin ETFs. JPMorgan managing director and global market strategist Nikolaos Panigirtzoglou told The Block that they doubt the SEC will approve other altcoin #ETFs other than Ethereum, given its stance that most cryptocurrencies are securities. At this point, Panigirtzoglou stated that he thinks there will be no more altcoin ETFs unless U.S. policymakers pass a law that recognizes most cryptocurrencies as non-securities. “We have doubts that the SEC will approve any other altcoin ETF other than #Ethereum . The SEC's decision to approve #ETH ETFs has already been relaxed given uncertainty about whether Ethereum should be classified as a security. We don't think the SEC will go any further on the ETF issue by approving Solana or other token ETFs. Because we expect the SEC to classify altcoins other than Bitcoin and Ethereum as securities.” $BTC $SOL $XRP
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Elon Musk Will Develop Supercomputer for AI Startup, Raises Dogecoin (DOGE) Prospects. Billionaire entrepreneur #ElonMusk is on the agenda again with his latest initiative in the field of artificial intelligence. According to reports, Musk is planning to build a supercomputer for his #xAI initiative. This move is seen as a strategic effort to increase xAI's capabilities and position it as a strong competitor in the artificial intelligence scene. Recently, xAI introduced Grok-1.5V, a multimodal #AI model that can operate in visual and verbal modes. This advanced AI model is expected to be powered by the upcoming supercomputer, which will improve its performance and efficiency. The introduction of Grok-1.5V is a significant milestone that showcases xAI's innovative approach. The supercomputer project may see a collaboration between xAI and technology giant Oracle. This partnership will provide xAI with the resources necessary to build a modern supercomputer, using Oracle's technological expertise and infrastructure. Such cooperation highlights the interest and investment of major industrial players in artificial intelligence technologies. Last week, the Financial Times reported that #xAI had nearly secured a new $6 billion funding round. This funding round includes participation from leading venture capital firms such as Andreessen Horowitz and Sequoia Capital. Musk aims to use this funding to compete with OpenAI and other emerging AI giants, which are currently valued at $80 billion. #Musk presents xAI as a superior alternative thanks to its potential integration with his various initiatives. This strategic positioning could provide xAI with unique advantages in the competitive AI market. As interest in AI grows, billionaires with large financial resources are increasingly investing in smaller AI startups. Specifically, Musk's xAI and Mark Zuckerberg's Meta are aiming to partner with chatbot maker Character.ai. $BTC $DOGE
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🧙♂️ #JPMorgan : “We do not think the #SEC will go any further by approving Solana or other token #ETFs .” $BTC $ETH
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What do analysts expect for Ethereum ETFs? Arthur Cheong, founder of DeFiance Capital, said Ethereum will rise before trading of spot Ethereum ETFs goes live. Arthur Cheong predicts #Ethereum (ETH) will reach $4,500 before spot Ethereum exchange-traded funds (ETFs) trading begins. This optimistic outlook is supported by growing expectations in the crypto community regarding the potential impact of spot ETH ETFs on the market. A survey conducted by WuBlockchain within the Chinese crypto community reveals strong belief in Ethereum's bullish potential. 58% of survey respondents say they are confident ETH can rise to $10,000 or above during this market cycle. This sentiment underscores widespread optimism and high expectations for Ethereum's future performance. Ethereum is currently trading at around $3,940, and spot #ETH ETFs have generated significant interest among investors. The approval of these ETFs by the US Securities and Exchange Commission (SEC) is seen as a major milestone that could attract significant institutional investments and further increase the price of ETH. Arthur Cheong's prediction also coincides with the views of other market analysts who see strong potential for Ethereum in the near term. The expected approval and subsequent start of trading of spot ETH #ETFs is expected to increase liquidity and institutional participation, which could positively impact the price of Ethereum. The broader cryptocurrency market has witnessed increased interest and inflows, particularly following the approval of spot Bitcoin ETFs earlier this year. This set the stage for similar enthusiasm around Ethereum ETFs, contributing to the current bullish sentiment. Ethereum, which started the new week with an upward trend, experienced an increase of nearly 4 percent in the last 24 hours. It is possible to say that the rise may become even stronger, especially after the $ 4,000 level is crossed. $ETH
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🧙♂️ According to #Arkham data, #Donald Trump's crypto wallet reached a value of $ 10 million. $BTC $USDC
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