The Dow Jones Industrials has surpassed the 40,000 mark for

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The Dow Jones Industrials has surpassed the 40,000 mark for the first time in history.

The Dow Jones Industrials has surpassed the 40,000 mark for the first time in history.

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US Lawmakers Urge SEC to Approve Ethereum ETF : What’s Next? A bipartisan coalition of US lawmakers, led by Rep. French Hill, has sent a letter to the SEC advocating for the approval of spot Ethereum exchange-traded funds (ETFs), as reported by Politico. The letter, signed by five members of the House Financial Services Committee, calls for a fair and consistent approach in the SEC's review process of ETF applications. Highlights from the Letter: 1. Consistency in Regulation: Lawmakers pointed out the approval of spot Bitcoin ETFs earlier this year as a landmark event for digital assets and financial markets. They argue that greenlighting Ethereum ETFs would ensure the SEC's regulatory standards and legal reasoning remain consistent. 2. Equitable Review Process: The letter emphasizes the need for the SEC to apply the same level of fairness when considering future applications, mentioning "other digital asset-backed ETPs." This phrasing suggests a potential broadening of the scope for cryptocurrency-related ETFs. Bloomberg ETF analyst Eric Balchunas noted that the lawmakers' language hints at a wider application of ETFs beyond Ethereum. He posits that the ETF industry could capitalize on any perceived vulnerabilities in the SEC's position by submitting applications for a variety of cryptocurrencies. Impending Deadline and SEC's Decision: With the deadline for the first spot #EthereumETF application looming today, the SEC is under pressure to clarify its stance on these financial products. The decision will have significant implications for the cryptocurrency market and the ETF sector. The letter from the lawmakers highlights the mounting pressure on the SEC to approve Ethereum ETFs and maintain consistent regulatory practices for digital assets. As the deadline approaches, the financial community is eagerly anticipating the SEC's decision and its potential impact on the future landscape of cryptocurrency ETFs. $ETH

Elon Musk's recent Twitter update has captured the attention of the $XRP and meme communities. In a fresh tweet, Elon Musk, who recently acquired and rebranded Twitter as X, announced an enhancement to a platform feature known as "Community Notes." This update, designed to authenticate genuine information and correct misinformation, has stirred excitement among XRP enthusiasts and meme creators. Musk's multilingual update: the new translation feature for Community Notes receives positive feedback from users. Musk highlighted that Community Notes can now be translated with just one click, a change that has been well-received by users. Notably, Musk's tweet, written in French, underscored the international scope of this update. He also mentioned that while the feature is currently available to contributors, it will soon be rolled out to all X users. Fans of $XRP and meme makers are hopeful that cryptocurrency payments will be integrated into the X platform. Figures like #XRPcryptowolf and #X_BEBEeth expressed interest in this potential development. Additionally, others commended Musk and suggested further enhancements to Community Notes, such as integrating Grok.

20 hours ago, this whale 0x225 withdrew 74k $LINK (~$1.23M) At the same time, he also accumulated 1,502 $ETH (~$5.61M). In just 3 days, he accumulated 210k $LINK at an average entry of $16.7 and 3,101 ETH at an average entry of $3,692.

The #altcoin season index, currently standing at 37, indicates a mixed trend in the broader cryptocurrency market, with some altcoins outperforming while others lag behind. 1. Topping the charts is $PEPE , with a staggering increase of 1046,8%, indicating strong investor interest and positive market sentiment surrounding this particular project. 2. Following closely behind is $WIF , which has seen an impressive surge of 895,5%, suggesting significant growth potential and market excitement. 3. Securing the third spot is $FLOKI , boasting a notable increase of 557,6%, further highlighting the diverse opportunities and substantial returns available within the altcoin space. These standout performances underscore the dynamic nature of the cryptocurrency market, showing that while some altcoins offer substantial gains, the market as a whole has not yet fully transitioned into a predominantly altcoin-driven phase, as indicated by the altcoin season index of 37. #MemeWatch2024

In the past 24 hours, 56,991 traders were liquidated ,the total #liquidations comes in at $143.87 million The largest single liquidation order happened on OKX- $ETH value $3.64M

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