SEC will approve S-1 forms for spot Ethereum ETFs by the end of the summer - Gary Gensler
📉 Amid this uncertainty, Ethereum touched a local bottom at $3400. Currently, the second-largest cryptocurrency by market capitalization has returned to the $3500 mark.
🐳 Ethereum holders immediately took advantage of this situation, buying the second-largest volume of coins in history yesterday – 298,000 ETH! (The record daily purchase was recorded on September 11, 2023 – 317,000 ETH). 🧐
Ah, if only I had some money now, I would also stock up on Ethereum! ☺️ 🚀
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Pi Network IOU Pair (Pi/BUSD) Hits $50k High As Crypto Community Awaits Mainnet Launch
The price of the Pi Network IOU Pair (Pi/BUSD) on Atlantis Exchange soared to an astounding $50,000 on [DATE], creating ripples of excitement in the cryptocurrency world. This surge in value has been attributed to the anticipation surrounding the imminent Mainnet release from the Pi Core Team, slated for December.
The Pi/BUSD IOU Pair, a derivative contract enabling users to trade Pi Network tokens before their official launch on the Mainnet, has experienced consistent growth in recent months. This upward trajectory is largely fueled by heightened speculation about the potential value of Pi Network tokens once they are officially introduced to the market.
🔗 Polygon launches POL token contract on Ethereum to eventually replace $MATIC
Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an October 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the team said users presently don't need to exchange their MATIC for POL.