Bitwise CIO Matt Hougan has predicted that the impending spot Ethereum exchange-traded funds (ETFs) will see a $15 billion net flow within their first 18 months of trading. Hougan shared this forecast on June 26, basing his prediction on Ethereum’s market capitalization relative to Bitcoin, data from international ETP markets, and the potential influence of the carry trade strategy.
📣 Nvidia Insider Trading Alert : 🆘 CEO Jensen Huang just sold an additional $29.3 million worth of $NVDA shares. He's now sold roughly $125 million over the last 2 weeks.
Please note that large deposits into exchanges that support a custody solution could be a transaction from the customer who uses the exchanges’ custody solution.
🇪🇺 EU crypto sector faces disruption from next week's MiCA rules targeting stablecoin activity: analyst
The upcoming Markets in Crypto Assets framework will enforce stringent regulatory requirements for stablecoin activity in the European Union that could adversely impact the bloc's cryptocurrency sector, an analyst said. From next Monday onwards, stablecoin activity in the EU must comply with the new requirements following the partial implementation of MiCA across the entire bloc. Outlier Ventures Head of Research Jasper De Maere said that, because the majority of all stablecoins are USD pegged.
Representatives of the cryptocurrency exchange Binance have announced that they will disable copy trading for users in the EU.
⚠️These measures are related to the enforcement of the MiCA law, which will take effect on June 30.
The exchange urged users to close existing positions by June 27. Otherwise, they will be forcibly closed "at market."
⛔️ Simultaneously, Bitstamp announced the delisting of the euro stablecoin Tether EURT and other stablecoins that do not comply with the new EU requirements.