SEC Chairman Gary Gensler Speaks About Spot Ethereum ETFs! | MayaWalk on Binance Square

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SEC Chairman Gary Gensler Speaks About Spot Ethereum ETFs!


SEC Chairman Gary Gensler appeared on CNBC's Squawk Box.
Gensler's comment on ETH ETFs likely indicates that the S-1 approval process will potentially move slowly.
#ETHETFsApproved #StartInvestingInCrypto #etherreum 

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BLAST Off to Good Start as New Token Soars over 46% amid Airdrop Controversy BLAST, the native token of the Ethereum layer-2 network Blast, debuted at $0.02, resulting in a fully diluted value of $2 billion. Blast’s native token is off to a blistering start, albeit against the pessimism that surrounded its recent launch. Despite the initial criticism of its valuation and functionality, the BLAST token price has defied all expectations, surging over 46% shortly after its debut BLAST, the native token of the Ethereum layer 2 network Blast, debuted at $0.02, resulting in a fully diluted value (FDV) of $2 billion. This figure surprised some investors, like DeFiance Capital co-founder Arthur Cheong, who was eyeing a valuation of around $5 billion BLAST Token Drops Impressive Performance over Other High-Profile Airdrops Meanwhile, unlike recent airdrops for zkSync (ZK) and LayerZero (ZRO) which plummeted 46% and 43% respectively after launch, BLAST is experiencing quite an unexpected price increase. CoinMarketCap data initially showed the token sitting at $0.0293, marking a 46.5% gain. However, it has since retraced some of its steps as of publication. Up 21.76% in the last day to trade at $0.02567 The airdrop itself distributed 17% of the total BLAST supply, with 7% allocated to users who bridged assets onto the network and 7% going to those who actively contributed to Blast’s decentralized applications. The remaining 3% went to the Blur Foundation for future community airdrops. The listings of zkSync and LayerZero on major exchanges like WhiteBIT, Binance, and OKX not only enhance their visibility but also contribute to the broader adoption of their technologies. These platforms provide the necessary liquidity and accessibility, allowing more users to engage with and benefit from these innovative protocols. As these projects continue to develop, their influence on the future of blockchain interoperability and scalability is expected to grow, positioning them as key players in the decentralized finance landscape. #LayerZero #zkSynk #WhiteBit #BinanceTournament

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NEAR turns bearish, trading volume drops 30% – Is a pullback still possible? NEAR Protocol has recently experienced a bearish reversal, causing concern among investors about a potential pullback because the week preceding that was strongly bullish. The 50-day moving average has been acting as a dynamic support and resistance level. The price broke below this line and turned bearish. The 200-day moving average was positioned above the press time price, reinforcing the resistance area that could limit upward movement. The RSI bands indicated that the price has moved out of the overbought region, trending towards or possibly entering the oversold zone. This suggested that the selling pressure has been significant, leading to the price drop. Bearish signals dominate This bearish trend is further highlighted by the recent lower low which was way lower than previous lows, indicating even more incoming selling pressure. The MACD buy and sell signals (MacdSE and MacdLE) showed frequent shifts in momentum. Recent signals indicated more selling pressure (as shown by MacdSE), meaning that the bearish momentum is quite strong. However, there are more double bottoms (indicating potential reversals from a downward trend) than double tops. This could mean there are underlying volatility and attempts at price recovery. The synchronization of spikes in NEAR’s social volume and dominance imply a consensus or strong reaction among traders. NEAR’s derivatives market offers no solace. Trading volume has decreased by over 30% in the past twenty-four hours. Open Interest has declined too, by 4%, meaning traders are closing positions due to the bearish signals. While overall market activity has decreased, certain metrics on major exchanges like WhiteBIT and OKX indicated pockets of bullish behavior or speculative attempts at catching potential rebounds. #NEAR🚀🚀🚀 #NEARProtocol #WhiteBit #OKX $NEAR

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Dogecoin Could Explode by up to 1,500%, According to Crypto Trader – But There’s a Catch A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Dogecoin (DOGE). The analyst pseudonymously known as Kaleo tells his 642,200 followers on the social media platform X that Dogecoin could go up by between 700% to 1,500% from the current level. “I still believe we’re in a meme coin supercycle and we’ll see DOGE send to $1 – $2. History just says we most likely have a little bit of time left to prepare for it before it happens.” Dogecoin is trading at $0.125 at time of writing. On when Dogecoin could start rallying, the pseudonymous analyst says, “Each of those respective moves [previous Dogecoin rallies] took approximately eight to nine months after the [Bitcoin] halving before they began to pump. We’re currently only two months past the most recent Bitcoin halving. With that in mind, it would actually be more fitting to the trend that a real breakout/expansion move doesn’t happen until December – February.” The pseudonymous analyst and trader, however, warns that Dogecoin could first fall by up to 36% before rallying. “With that in mind, I wouldn’t be surprised to see the current bullish trend break lower back to the eight to 10 cents range and retrace the February move up [from around $0.09 to $0.22] that we saw. A similar trend break with approximately 30% drawdown and retrace happened in August of 2020, several months before the beginning of DOGE going mainstream and gigasending.” #doge⚡ #BinanceTournament #CryptoTradingGuide $DOGE

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Investcorp and Securitize Launch Fund Tokenization Partnership Alternative asset manager Investcorp and Securitize have inked a partnership to develop fund tokenization opportunities. The two firms will initially develop tokenized funds within Investcorp's Strategic Capital Group (ISCG), which has $1.5 billion in assets under management and was launched in 2019. ISCG specializes in acquiring minority interests in alternative asset managers (GPs) and has partnered with mid-sized GPs across buy out, secondaries, structured equity, private credit, and real asset strategies. “This partnership with Securitize continues Investcorp’s strong legacy as an innovator in alternative investments,” said Anthony Maniscalco, Managing Partner, ISCG, in a release. “The use of tokenization technology has the potential to increase efficiencies for investors, and also provides for a new era of accessibility. Through this collaboration, Securitize is bringing access to the GP staking strategy for a wider range of investors.” This partnership allows qualified investors to tap into GP staking strategies via Securitize's tokenization tech, boosting access to burgeoning private markets with the efficiency of blockchain. “We believe that Investcorp, as a global alternative investment manager, represents some of the most innovative thinking in the market,” said Carlos Domingo, co-founder and CEO of Securitize, in a press release. “By tokenizing alternative assets, we are breaking down barriers and allowing individual investors to participate in opportunities that were previously out of reach." Investcorp has previously been an active participant in the crypto space. In 2022, the firm poached ING's ex-head of digital assets, Herve Francois, to help build out its first blockchain fund. The firm has since led or invested in many rounds for crypto companies. #MicroStrategy #tokenutility #SecurityTokenization

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LayerZero ZRO: Upcoming Exchange Listings The one blockchain that is getting a lot of attention in this Category especially when it comes to innovation for Blockchain interoperability - LayerZero (ZRO). Connecting 50 blockchains and beyond, LayerZero is an immutable protocol for creating censorship-resistant, permissionless applications at scale. That is where WhiteBIT and other exchanges come in, opening a sector of madly powerful tech to retail investors just like you. What is LayerZero (ZRO)? LayerZero aims to enable frictionless portability across numerous blockchain networks. It seeks to break the limitations where developers can only build apps to run on separate chains and inolving a reduced type set. Such incomplete contracts are key to the future of decentralized finance (DeFi) and other blockchain applications and create a robust foundation for scalable, interoperable solutions. Key Features of LayerZero Interoperability: Connected to over 50 blockchains, driving cross-chain functionalities. Decentralized - Permissionless and immutable Developer-Friendly: This feature allows the developer to develop omnichain applications, which are undercomplicating aspects prominent over existing blockchain application technologies and legacy platforms. Recent Exchange Listings LayerZero Listing details Details about the LayerZero listing on various leading cryptocurrency exchanges, increasing it's accessibility and liquidity. We are pleased to announce that WhiteBIT has listed LayerZero (ZRO) and deposits, along with trading will be available from June 20, 2024. The listing is particularly important as it allows users to trade ZRO on the Ethereum network. WhiteBIT users to begin withdrawals soon with a full trading experience Key Points Military personnel should prepare to be of service as a disaster situation arises. Protocol FeaturesCensorship-resistant, Immutable and Permissionless Protocol for LayerZero (ZRO) Access on the Ethereum network Trade Status:Deposit and trading are enabledWithdrawal to follow shortly #CryptoTradingGuide #LayerZero #WhiteBit

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