Fidelity revised its spot Ethereum ETF S-1 filing to state that the trust’s ETH “will not be pledged.”

ETH and their respective betas.

$ENS and $LDO are currently the top performing contenders for Ethereum.

Open interest in Ethereum futures on centralized exchanges hit a new all-time high in U.S. dollars on Tuesday, at $14 billion, up 40% from $10 billion at the beginning of 2024.

The main catalyst for the rise was an increase in the odds of the U.S. Securities and Exchange Commission (SEC) approving an Ethereum spot ETF, with the agency increasing the odds of approving such a product from 25% to 75%.

The deadlines for the first round of Ethereum spot ETFs are approaching, with VanEck's deadline on May 23 and Ark Invest/21Shares' deadline on May 24.

Linea TVL currently stands at $1.06 billion, with a 7-day increase of 37.95%.

BTC is not volatile overall at present. Early morning analysis shows that short selling is the main method. In the morning, short selling was above BTC71400, and the current minimum profit was nearly 600 points.

Everyone's target continues to focus on 70500-70200.

Technically, two consecutive negative bars have been collected in 3 hours, and a green 9 appears above. The long-term bearish trend is still mainly short selling at rebound highs. Be wary of chasing highs to avoid deep traps.

After a big rise, it will fall. It has fallen back by 1,000 points, and there is at least 1,000-2,000 points of room for decline #BTC突破7万大关 #BTC

All six Hong Kong virtual asset ETFs rose sharply today, and by the close of trading, three Ethereum ETFs had risen by more than 18%.

As of the close, the transaction volume of 6 Hong Kong virtual asset ETFs today reached HK$52.7878 million, including:

Huaxia Bitcoin ETF (3042.HK) had a transaction volume of HK$19.9178 million;

Huaxia Ethereum ETF (3046.HK) had a transaction volume of HK$11.495 million;

Harvest Bitcoin ETF (3439.HK) had a transaction volume of HK$6.3315 million;

Harvest Ethereum ETF (3179.HK) had a transaction volume of HK$5.4286 million;

Boshi HashKey Bitcoin ETF (3008.HK) had a transaction volume of HK$3.4345 million;

Boshi HashKey Ethereum ETF (3009.HK) had a transaction volume of HK$6.1804 million.

If the Ethereum ETF is approved within two days, the best trading strategy is "Buy SOL/ETH".

Here are the reasons:

ETH has risen nearly 20% in the past 24 hours.

SOL will be the next beneficiary after the ETH ETF is approved. This strategy has low market participation and is not a popular trade.

Bitcoin fell 15% in the weeks after the ETF was approved on January 10.

Justin Sun posted on the X platform: "Ethereum is a decentralized protocol, and we are also ordinary participants in Ethereum.

We have enough capital to provide TVL and node verification services for Ethereum, TRON, and all other types of L2 projects to ensure the security of all blockchains.

We will be committed to the construction of this field for a long time.

" According to previous news, according to the monitoring of on-chain analyst Ember, Justin Sun currently holds 665,000 ETH (US$2.447 billion), of which 390,000 (US$1.435 billion) were purchased at an average price of US$2,984 between the end of 2023 and the end of April this year.

Justin Sun posted on the X platform: "Ethereum is a decentralized protocol, and we are also ordinary participants in Ethereum.

We have enough capital to provide TVL and node verification services for Ethereum, TRON, and all other types of L2 projects to ensure the security of all blockchains.

We will be committed to the construction of this field for a long time.

" According to previous news, according to the monitoring of on-chain analyst Ember, Justin Sun currently holds 665,000 ETH (US$2.447 billion), of which 390,000 (US$1.435 billion) were purchased at an average price of US$2,984 between the end of 2023 and the end of April this year.

According to the market on May 21, BNB briefly broke through $630 and has now fallen back to $624, with a 24-hour increase of 8.22%.

ETH Market Analysis May 21

The price rose sharply yesterday, and it can be said that the bulls are very strong at present.

Therefore, the daily pressure range is 3740-3790, and short positions can be arranged in this range.

In the short-term 4-hour, the price fell below the 3700 mark. If the subsequent market fails to stand above 3700, it is likely to fall back. The short-term support below can focus on the support strength of the 3550-3600 range.

If the market fails to stand above 3700 in a short period of time, it will fall back to the support level. You can enter long orders near the support level.

Short-term pressure level: 3730-3780

Short-term support level: 3550-3600

Heavy pressure level: 4020-4070

Heavy support level: 3360-3410

At 15:00 Beijing time today, 1497.03 ETH was transferred from an unknown wallet to Binance, worth 4.529 million US dollars.

The price of ETH has started to rise. As mentioned before, if the Ethereum spot ETF is really approved, ETH will rise by 80% from US$3,000 to US$5,400, and BTC will rise to US$80,000 (the ETH/BTC exchange rate will reach 0.0675), which will also be a new high for the price of ETH.

2 hours ago, a whale deposited 2.38 million LDO ($5.36 million) to Coinbase.

In the past 2 weeks, the whale has hoarded LDO at an average price of $1.85. If sold at the current price, it will earn $963,000.

Last week (May 13 to May 19), the total loss caused by security incidents in the crypto field exceeded 28 million US dollars, including:

pump.fun lost 1.9 million US dollars due to a flash loan attack;

TCH lost 19,000 US dollars due to a contract vulnerability on BNB Chain;

Fake Notcoin Rug Pull caused a loss of 281,000 US dollars;

Sonne Finance lost 20 million US dollars due to a flash loan attack;

BlockTower Capital hedge fund was attacked, and the specific situation is under investigation;

ALEX Lab lost 4.3 million US dollars due to private key leakage;

Predy Finance lost 464,000 US dollars due to a contract vulnerability on Arbitrum;

Equalizer Exchange is investigating potential attacks and recommends users to avoid using the front end;

Patton had an exit scam and lost 266,000 US dollars.

ENS is currently trading at 20.730 USDT, with a 24-hour increase of 40.76%.

Currently, the notional value of open BTC options positions across the entire network is US$22.54 billion, and the notional value of open ETH options positions is US$11.43 billion.

A whale who had made a profit of $20.8 million on ETH and LINK investments borrowed 30 million USDC from Aave through another address.

Half of it was used to buy WBTC and half was used to buy ETH.

Since May 3, this address has spent $71 million to buy WBTC, ETH, and OP.

The Hong Kong Ethereum spot ETF had zero net flow yesterday (May 20), with a total of 1,332 Ethereums held, a daily turnover of US$243,000, and total net assets of US$41.14 million.

It is worth noting that in the 9 trading days since May 7, the Hong Kong Ethereum ETF has shown zero net flow or net redemption.

In terms of asset size, Bosera Hashkey ETF holds 6,300 Ethereums, ranking first, while Huaxia and Harvest ETF hold 4,640 and 2,390 Ethereums respectively.

In terms of intraday premium/discount rate, Bosera HashKey ETF and Harvest ETF had positive premium rates for a short period of time this morning, and the trading volume was enlarged. As of press time, the total intraday trading volume exceeded US$1.489 million, and Huaxia Ethereum ETF reached US$883,000, which has exceeded yesterday's full-day trading volume. #以太坊ETF批准预期

The total market value of cryptocurrencies is currently $2.746 trillion, with a 24-hour increase of 8.8%. Ethereum's market share has risen to 16.1%, and Bitcoin's market share has reached 51.1%. #BTC走势分析