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#pepe⚡
Here are the latest updates on Pepe Coin ¹ ²:
- Pepe Coin is an Ethereum-based token with a no-tax policy and deflationary nature.
- Its current price is $0.0000153, with a 24-hour trading volume increasing by 4.28%.
- The 24-hour trading volume is at $1,122,266,912.11, representing a 30.70% increase from the previous day.
- The fully diluted valuation (FDV) of Pepe (PEPE) is BTC93,704.3783.
- Pepe Coin has an all-time high (ATH) of $0.00001717 and an all-time low (ATL) of $0.000000055142.
- It ranks 22 by market cap.
- PEPE's current price is $0.0000153, with a 24-hour trading volume of $1.61 billion.
- PEPE is +4.40% in the last 24 hours, with a circulating supply of 420.69 trillion PEPE coins and a maximum supply of 420.69 trillion PEPE coins.
- PEPE ranks 22 by market cap. It has a 24-hour high of $0.00001532 and its 24-hour low is $0.00001402.
- PEPE has an all-time high (ATH) of $0.00001717 and an all-time low (ATL) of $0.000000055142.
- You can buy PEPE on Bybit, Uniswap and Trust Wallet.
#PEPE4EVER
#sharetowin
#tipsareWelcome
Here are the latest updates on Pepe Coin ¹ ²:
- Pepe Coin is an Ethereum-based token with a no-tax policy and deflationary nature.
- Its current price is $0.0000153, with a 24-hour trading volume increasing by 4.28%.
- The 24-hour trading volume is at $1,122,266,912.11, representing a 30.70% increase from the previous day.
- The fully diluted valuation (FDV) of Pepe (PEPE) is BTC93,704.3783.
- Pepe Coin has an all-time high (ATH) of $0.00001717 and an all-time low (ATL) of $0.000000055142.
- It ranks 22 by market cap.
- PEPE's current price is $0.0000153, with a 24-hour trading volume of $1.61 billion.
- PEPE is +4.40% in the last 24 hours, with a circulating supply of 420.69 trillion PEPE coins and a maximum supply of 420.69 trillion PEPE coins.
- PEPE ranks 22 by market cap. It has a 24-hour high of $0.00001532 and its 24-hour low is $0.00001402.
- PEPE has an all-time high (ATH) of $0.00001717 and an all-time low (ATL) of $0.000000055142.
- You can buy PEPE on Bybit, Uniswap and Trust Wallet.
#PEPE4EVER
#sharetowin
#tipsareWelcome
PINNED
Here are some of the latest news on cryptocurrency ¹:
- Europol takes down a hacking ring that assisted ransomware attackers.
- U.S Senator Ted Cruz is mining Bitcoin.
- Maple Finance launches Syrup, a DeFi protocol that offers secured institutional lending.
- Frax Finance’s X account was hacked on June 1 without a password breach.
- Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years.
- Trader Peter Brandt says Bitcoin’s bull run is following similar past post-halving cycles, and if it holds it could reach $130,000 by late next year.
- Europol takes down a hacking ring that assisted ransomware attackers.
- U.S Senator Ted Cruz is mining Bitcoin.
- Maple Finance launches Syrup, a DeFi protocol that offers secured institutional lending.
- Frax Finance’s X account was hacked on June 1 without a password breach.
- Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years.
- Trader Peter Brandt says Bitcoin’s bull run is following similar past post-halving cycles, and if it holds it could reach $130,000 by late next year.
💬 BlackRock CEO Larry Fink called Bitcoin "digital gold" live on CNBC
He said that for 5 years he was mistaken, being skeptical about Bitcoin, but he studied the matter and is now an open supporter.
💸 According to Fink, Bitcoin is a full-fledged financial asset with protection against devaluation risks, especially in countries with high inflation. Bitcoin has a place in financial portfolios.
Fink believes that many still miss and do not understand Bitcoin as an asset.
💵 BlackRock's Bitcoin-based ETF manages $18.3 billion worth of cryptocurrency.
He said that for 5 years he was mistaken, being skeptical about Bitcoin, but he studied the matter and is now an open supporter.
💸 According to Fink, Bitcoin is a full-fledged financial asset with protection against devaluation risks, especially in countries with high inflation. Bitcoin has a place in financial portfolios.
Fink believes that many still miss and do not understand Bitcoin as an asset.
💵 BlackRock's Bitcoin-based ETF manages $18.3 billion worth of cryptocurrency.
Here are some of the latest news and information about XRP coins ¹ ² ³:
- XRP is the native cryptocurrency of the XRP Ledger, which is an open-source, public blockchain.
- XRP Ledger is a permissionless network of peer-to-peer servers that powers XRP operations.
- The original founders pre-mined 100 billion XRP tokens in 2012.
- XRP transactions usually take around 3 seconds.
- The current price of XRP is $0.5296 per coin.
- XRP’s value has risen by 20.64% in the past week.
- The current circulating supply of XRP is 55,805,339,473 XRP.
- XRP is classified as a Currency under CoinDesk's Digital Asset Classification Standard (DACS).
#BinanceTournament
- XRP is the native cryptocurrency of the XRP Ledger, which is an open-source, public blockchain.
- XRP Ledger is a permissionless network of peer-to-peer servers that powers XRP operations.
- The original founders pre-mined 100 billion XRP tokens in 2012.
- XRP transactions usually take around 3 seconds.
- The current price of XRP is $0.5296 per coin.
- XRP’s value has risen by 20.64% in the past week.
- The current circulating supply of XRP is 55,805,339,473 XRP.
- XRP is classified as a Currency under CoinDesk's Digital Asset Classification Standard (DACS).
#BinanceTournament
#CPI_BTC_Watch
Here are some of the latest news stories about cryptocurrency ¹ ² ³:
- German government sells off the rest of its Bitcoin
- Donald Trump memecoin increases 52% in value after an assassination attempt
- Alexey Pertsev, developer of Tornado Cash, denied bail while appealing money laundering charges
- OpenAI is allegedly under investigation by the SEC for potential illegal NDAs
- Partior, a blockchain firm backed by JP Morgan, closes a Series B funding round at $60 million
Here are some of the latest news stories about cryptocurrency ¹ ² ³:
- German government sells off the rest of its Bitcoin
- Donald Trump memecoin increases 52% in value after an assassination attempt
- Alexey Pertsev, developer of Tornado Cash, denied bail while appealing money laundering charges
- OpenAI is allegedly under investigation by the SEC for potential illegal NDAs
- Partior, a blockchain firm backed by JP Morgan, closes a Series B funding round at $60 million
#ETHETFsApproved
Here are some of the latest updates on TapSwap ¹ ² ³ ⁴:
- *TapSwap frenzy:* Nigerians are tapping their phone screens to earn financial gain.
- *Crypto-mining app:* TapSwap is a crypto-mining app that has taken the country by storm.
- *Restrictions:* The app has been restricting access to users from Nigeria.
- *VPN workaround:* Users have discovered a workaround by using Virtual Private Networks to bypass the apparent geoblocking.
- *Verification requirement:* TapSwap has implemented a verification requirement to counter DDoS attacks originating from the region.
- *Launch on different blockchain:* TapSwap will be launching on a different blockchain instead of Solana.
- *New blockchain:* The name of the new blockchain has not been announced yet.
- *Community growth:* TapSwap has seen its community grow to 28 million 'Tapswappers.'
- *Price in Naira:* The price of TapSwap coin (TAP) in Naira is approximately NGN 1.51 per TAP.
#tapswapcoin
Here are some of the latest updates on TapSwap ¹ ² ³ ⁴:
- *TapSwap frenzy:* Nigerians are tapping their phone screens to earn financial gain.
- *Crypto-mining app:* TapSwap is a crypto-mining app that has taken the country by storm.
- *Restrictions:* The app has been restricting access to users from Nigeria.
- *VPN workaround:* Users have discovered a workaround by using Virtual Private Networks to bypass the apparent geoblocking.
- *Verification requirement:* TapSwap has implemented a verification requirement to counter DDoS attacks originating from the region.
- *Launch on different blockchain:* TapSwap will be launching on a different blockchain instead of Solana.
- *New blockchain:* The name of the new blockchain has not been announced yet.
- *Community growth:* TapSwap has seen its community grow to 28 million 'Tapswappers.'
- *Price in Naira:* The price of TapSwap coin (TAP) in Naira is approximately NGN 1.51 per TAP.
#tapswapcoin
#EarnFreeCrypto2024
The most recent update on the United States' GDP is as follows ¹ ²:
- *GDP growth rate*: Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024, according to the "second" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent.
- *GDP increase factors*: The increase in the first quarter primarily reflected increases in consumer spending and housing investment that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.
- *GDP by state*: Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska.
The most recent update on the United States' GDP is as follows ¹ ²:
- *GDP growth rate*: Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024, according to the "second" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent.
- *GDP increase factors*: The increase in the first quarter primarily reflected increases in consumer spending and housing investment that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.
- *GDP by state*: Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska.
#EarnFreeCrypto2024
The elusive crypto bull run! While no one can predict with certainty, here are some insights:
- _Technical Analysis_: Many analysts believe that Bitcoin and other cryptocurrencies are due for a breakout, with some predicting a bull run as early as Q2 2024.
- _Market Sentiment_: The Fear & Greed Index is currently in the "Fear" zone, which can be a precursor to a bull run as investors often buy the dip.
- _Regulatory Clarity_: As governments and institutions become more comfortable with cryptocurrencies, regulatory clarity could lead to increased adoption and a bull run.
- _Institutional Investment_: As more institutional investors enter the crypto space, it could lead to increased demand and a bull run.
- _Global Economic Conditions_: A potential global economic downturn could lead to increased interest in cryptocurrencies as a safe-haven asset, sparking a bull run.
Keep in mind that these are just indicators and not guarantees. Crypto markets are highly unpredictable, and a bull run can happen suddenly or not at all. Always do your own research and invest wisely!
The elusive crypto bull run! While no one can predict with certainty, here are some insights:
- _Technical Analysis_: Many analysts believe that Bitcoin and other cryptocurrencies are due for a breakout, with some predicting a bull run as early as Q2 2024.
- _Market Sentiment_: The Fear & Greed Index is currently in the "Fear" zone, which can be a precursor to a bull run as investors often buy the dip.
- _Regulatory Clarity_: As governments and institutions become more comfortable with cryptocurrencies, regulatory clarity could lead to increased adoption and a bull run.
- _Institutional Investment_: As more institutional investors enter the crypto space, it could lead to increased demand and a bull run.
- _Global Economic Conditions_: A potential global economic downturn could lead to increased interest in cryptocurrencies as a safe-haven asset, sparking a bull run.
Keep in mind that these are just indicators and not guarantees. Crypto markets are highly unpredictable, and a bull run can happen suddenly or not at all. Always do your own research and invest wisely!
#EarnFreeCrypto2024
#ETHETFsApproved
Here are the latest cryptocurrency news and updates ¹ ²:
- *Ethereum Bull Run*: Analysts predict that Ethereum will see an imminent bull run despite short-term struggles.
- *Polkadot JAM Protocol Upgrade*: The Polkadot community has approved the Join-Accumulate Machine (JAM) Protocol upgrade in an almost unanimous vote.
- *Bitcoin Shedding*: Bitcoin has shed 1.2% on expectations of selling pressure.
- *Whale Exits Cardano*: A whale has exited Cardano (ADA) completely, with ADA down 80% from ATH, and has invested heavily in Retik Finance (RETIK) as CEX listings ignite rally.
- *Retik Finance Soars*: Retik Finance (RETIK) has soared 2000% after exchange listings and has reached a $3 all-time high.
#ETHETFsApproved
Here are the latest cryptocurrency news and updates ¹ ²:
- *Ethereum Bull Run*: Analysts predict that Ethereum will see an imminent bull run despite short-term struggles.
- *Polkadot JAM Protocol Upgrade*: The Polkadot community has approved the Join-Accumulate Machine (JAM) Protocol upgrade in an almost unanimous vote.
- *Bitcoin Shedding*: Bitcoin has shed 1.2% on expectations of selling pressure.
- *Whale Exits Cardano*: A whale has exited Cardano (ADA) completely, with ADA down 80% from ATH, and has invested heavily in Retik Finance (RETIK) as CEX listings ignite rally.
- *Retik Finance Soars*: Retik Finance (RETIK) has soared 2000% after exchange listings and has reached a $3 all-time high.
#EarnFreeCrypto2024 #PEPE
Will Pepecoin (PEPE) Skyrocket by 10x-15x in 2024?
Predicting a specific price increase or timeframe for Pepecoin (PEPE) is challenging due to the volatile and unpredictable nature of the cryptocurrency market. However, I can provide some context and insights:
- PEPE has seen significant growth in 2024, driven by its meme coin status, community support, and listings on major exchanges.
- The cryptocurrency market is highly speculative, and PEPE's price can fluctuate rapidly based on sentiment, trends, and market conditions.
- A 10x-15x increase in 2024 is possible, but it's essential to consider the following factors:
- Market capitalization: PEPE's current market capitalization is around $1.3 billion. A 10x-15x increase would put it in the top 10 cryptocurrencies by market capitalization, which is a challenging milestone to reach.
- Competition: The cryptocurrency market is highly competitive, with many established players and new entrants vying for attention and adoption.
- Regulatory environment: Changes in regulations or legal frameworks can impact PEPE's price and adoption.
- Community support: PEPE's community is active, but it's crucial to maintain and grow support to drive price appreciation.
In conclusion, while a 10x-15x increase in 2024 is possible, it's crucial to be cautious and consider the various factors that can impact PEPE's price. Always do your own research, set realistic expectations, and never invest more than you can afford to lose. .. .. .. ..
#EarnFreeCrypto2024
Will Pepecoin (PEPE) Skyrocket by 10x-15x in 2024?
Predicting a specific price increase or timeframe for Pepecoin (PEPE) is challenging due to the volatile and unpredictable nature of the cryptocurrency market. However, I can provide some context and insights:
- PEPE has seen significant growth in 2024, driven by its meme coin status, community support, and listings on major exchanges.
- The cryptocurrency market is highly speculative, and PEPE's price can fluctuate rapidly based on sentiment, trends, and market conditions.
- A 10x-15x increase in 2024 is possible, but it's essential to consider the following factors:
- Market capitalization: PEPE's current market capitalization is around $1.3 billion. A 10x-15x increase would put it in the top 10 cryptocurrencies by market capitalization, which is a challenging milestone to reach.
- Competition: The cryptocurrency market is highly competitive, with many established players and new entrants vying for attention and adoption.
- Regulatory environment: Changes in regulations or legal frameworks can impact PEPE's price and adoption.
- Community support: PEPE's community is active, but it's crucial to maintain and grow support to drive price appreciation.
In conclusion, while a 10x-15x increase in 2024 is possible, it's crucial to be cautious and consider the various factors that can impact PEPE's price. Always do your own research, set realistic expectations, and never invest more than you can afford to lose. .. .. .. ..
#EarnFreeCrypto2024
#EarnFreeCrypto2024
Why Is Binance Coin Rising? Current BNB Review . ..
Binance Coin (BNB) is rising for the following reasons ¹ ² ³ ⁴:
- *Expansion policy*: Binance is constantly innovating and expanding its service network, increasing demand for BNB.
- *Token burns*: Binance performs token burns to keep BNB supply under control and create deflationary pressure, reducing supply and increasing price.
- *Binance Smart Chain (BSC)*: BSC provides a platform for smart contracts and decentralized applications (DApps) with lower transaction fees and faster speed, increasing demand for BNB.
- *Popularity of BSC*: BSC's popularity, especially with DeFi projects and tokens, has increased demand for BNB, contributing to its rise.
- *Deflationary pressure*: Token burns create deflationary pressure, reducing supply and increasing price when demand remains the same or increases.
The future price of Binance Coin (BNB) is uncertain and subject to various market and economic factors. However, based on current trends and analysis, some predictions suggest:
- Short-term (2024): $400-$600
- Mid-term (2025-2027): $700-$1,000
- Long-term (2028-2030): $1,500-$2,500
Please note that these are mere predictions and should not be taken as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consider your risk tolerance before investing.
Keep in mind that BNB's price is influenced by various factors, such as:
- Binance's continued innovation and expansion
- Adoption and growth of Binance Smart Chain (BSC)
- Competition in the cryptocurrency market
- Global economic conditions
- Regulatory developments
Stay up-to-date with market trends and analysis to make informed decisions.
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Why Is Binance Coin Rising? Current BNB Review . ..
Binance Coin (BNB) is rising for the following reasons ¹ ² ³ ⁴:
- *Expansion policy*: Binance is constantly innovating and expanding its service network, increasing demand for BNB.
- *Token burns*: Binance performs token burns to keep BNB supply under control and create deflationary pressure, reducing supply and increasing price.
- *Binance Smart Chain (BSC)*: BSC provides a platform for smart contracts and decentralized applications (DApps) with lower transaction fees and faster speed, increasing demand for BNB.
- *Popularity of BSC*: BSC's popularity, especially with DeFi projects and tokens, has increased demand for BNB, contributing to its rise.
- *Deflationary pressure*: Token burns create deflationary pressure, reducing supply and increasing price when demand remains the same or increases.
The future price of Binance Coin (BNB) is uncertain and subject to various market and economic factors. However, based on current trends and analysis, some predictions suggest:
- Short-term (2024): $400-$600
- Mid-term (2025-2027): $700-$1,000
- Long-term (2028-2030): $1,500-$2,500
Please note that these are mere predictions and should not be taken as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consider your risk tolerance before investing.
Keep in mind that BNB's price is influenced by various factors, such as:
- Binance's continued innovation and expansion
- Adoption and growth of Binance Smart Chain (BSC)
- Competition in the cryptocurrency market
- Global economic conditions
- Regulatory developments
Stay up-to-date with market trends and analysis to make informed decisions.
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FOLLOW ....❤️❤️❤️
#EarnFreeCrypto2024
#BNBToken
#tipmeifyoubenifited
#ETHETFsApproved #EarnFreeCrypto2024
Ethereum Comment from the Former Chairman of the SEC: “Inevitable”
Former SEC chairman, Jay Clayton, commented that Ethereum ETF trading will be "inevitable" ¹ ². Here are some additional details:
- Clayton notes that Ethereum ETF approval comes in two steps: listing approval and product approval.
- Clayton thinks the approved listings bode favorably for the product, but there are still questions surrounding it.
- Clayton also noted the difference in approvals for Ethereum ETF and Bitcoin ETFs.
- The two underlying cryptocurrencies had different answers for whether they were securities or commodities.
- According to the CFTC and even current SEC chairman Gary Gensler, Bitcoin is a commodity. However, the SEC has not definitively said that underlying transactions in Ethereum are not securities transactions.. .. .
Ethereum Comment from the Former Chairman of the SEC: “Inevitable”
Former SEC chairman, Jay Clayton, commented that Ethereum ETF trading will be "inevitable" ¹ ². Here are some additional details:
- Clayton notes that Ethereum ETF approval comes in two steps: listing approval and product approval.
- Clayton thinks the approved listings bode favorably for the product, but there are still questions surrounding it.
- Clayton also noted the difference in approvals for Ethereum ETF and Bitcoin ETFs.
- The two underlying cryptocurrencies had different answers for whether they were securities or commodities.
- According to the CFTC and even current SEC chairman Gary Gensler, Bitcoin is a commodity. However, the SEC has not definitively said that underlying transactions in Ethereum are not securities transactions.. .. .
#ETHETFsApproved
#EarnFreeCrypto2024
Latest updates on Ethereum ETFs ¹ ² ³:
- *SEC Approval:* The U.S. Securities and Exchange Commission (SEC) approved the creation of Ethereum exchange-traded funds (ETFs) on May 24, 2024.
- *Korean Regulators Under Pressure:* Following the SEC's decision, Korean regulators are under pressure to approve cryptocurrency ETFs.
- *Spot Ethereum ETFs:* The SEC has not yet approved spot Ethereum ETFs, but discussions are ongoing between the SEC and potential issuers.
- *Ethereum ETF Impact:* Analysts predict that Ethereum ETF approval could lead to a significant price increase for Ethereum, potentially up to $10,000.
- *Market Reaction:* The approval of Ethereum ETFs is expected to have a positive impact on the cryptocurrency market, with increased adoption and legitimacy expected.
Please remember that these estimates are purely speculative and not investment advice. PepeCoin's price can fluctuate rapidly and unpredictably, and investing in cryptocurrencies always carries risk. Never invest more than you can afford to lose.
#EarnFreeCrypto2024
Latest updates on Ethereum ETFs ¹ ² ³:
- *SEC Approval:* The U.S. Securities and Exchange Commission (SEC) approved the creation of Ethereum exchange-traded funds (ETFs) on May 24, 2024.
- *Korean Regulators Under Pressure:* Following the SEC's decision, Korean regulators are under pressure to approve cryptocurrency ETFs.
- *Spot Ethereum ETFs:* The SEC has not yet approved spot Ethereum ETFs, but discussions are ongoing between the SEC and potential issuers.
- *Ethereum ETF Impact:* Analysts predict that Ethereum ETF approval could lead to a significant price increase for Ethereum, potentially up to $10,000.
- *Market Reaction:* The approval of Ethereum ETFs is expected to have a positive impact on the cryptocurrency market, with increased adoption and legitimacy expected.
Please remember that these estimates are purely speculative and not investment advice. PepeCoin's price can fluctuate rapidly and unpredictably, and investing in cryptocurrencies always carries risk. Never invest more than you can afford to lose.
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SEC Approves SPOT ETH ETF, Recognizing ETH As Commodity
SEC approves SPOT ETH ETF, classifying ETH as a commodity.
The approval marks a shift from the SEC’s previous stance.
Bipartisan Congressional efforts push for clear crypto regulation.
In a significant move, the Securities and Exchange Commission (SEC) approved the SPOT ETH ETF today, indicating that Ethereum (ETH) is viewed as a commodity rather than a security. This decision marks a notable shift from the SEC’s previous stance, which consistently classified ETH as a security.
The approval of the SPOT ETH ETF highlights a changing regulatory environment for cryptocurrencies. This move comes on the heels of a recent lawsuit against the SEC, where the classification of ETH was a central issue. The lawsuit argued that the SEC’s position was outdated and did not reflect the current understanding of ETH and its uses.
On today’s SEC ruling: While Consensys welcomes today’s decision to approve ETH Spot ETFs as a step in the right direction, this seemingly last minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets. No other industry, market, or…
— Consensys (@Consensys) May 23, 2024
The decision to approve the ETF also reflects the efforts of a bipartisan Congressional push for clearer and more sensible regulation of cryptocurrencies. Lawmakers from both sides of the aisle have been advocating for regulations that provide clarity and foster innovation in the crypto space.
The bipartisan effort underscores a growing recognition of the importance of clear regulatory frameworks that can support the burgeoning cryptocurrency industry. The SEC’s approval of the SPOT ETH ETF is a step towards aligning regulatory perspectives with the evolving landscape of digital assets.
This development is likely to have significant implications for the cryptocurrency market, potentially paving the way for further acceptance and integration of digital assets into mainstream financial systems. As the regulatory environment continues to evolve, stakeholders in the crypto industry will be watching closely to see how these changes unfold and what they mean for the future of digital currencies.
Recommended News :
ETH Accused of Being Both a Commodity and Security
CFTC Chair Clashes With SEC Chair, Says Ethereum Is a Commodity
SEC Ditches ETH, Says Only BTC Is Commodity-Material
Gensler Supports CFTC as Bitcoin, Ethereum Regulator
SEC’s Chair Gary Gensler Opposes FIT21 Bill for Weakening Securities Laws
The post SEC Approves SPOT ETH ETF, Recognizing ETH as Commodity appeared first on Crypto News Land.
The approval marks a shift from the SEC’s previous stance.
Bipartisan Congressional efforts push for clear crypto regulation.
In a significant move, the Securities and Exchange Commission (SEC) approved the SPOT ETH ETF today, indicating that Ethereum (ETH) is viewed as a commodity rather than a security. This decision marks a notable shift from the SEC’s previous stance, which consistently classified ETH as a security.
The approval of the SPOT ETH ETF highlights a changing regulatory environment for cryptocurrencies. This move comes on the heels of a recent lawsuit against the SEC, where the classification of ETH was a central issue. The lawsuit argued that the SEC’s position was outdated and did not reflect the current understanding of ETH and its uses.
On today’s SEC ruling: While Consensys welcomes today’s decision to approve ETH Spot ETFs as a step in the right direction, this seemingly last minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets. No other industry, market, or…
— Consensys (@Consensys) May 23, 2024
The decision to approve the ETF also reflects the efforts of a bipartisan Congressional push for clearer and more sensible regulation of cryptocurrencies. Lawmakers from both sides of the aisle have been advocating for regulations that provide clarity and foster innovation in the crypto space.
The bipartisan effort underscores a growing recognition of the importance of clear regulatory frameworks that can support the burgeoning cryptocurrency industry. The SEC’s approval of the SPOT ETH ETF is a step towards aligning regulatory perspectives with the evolving landscape of digital assets.
This development is likely to have significant implications for the cryptocurrency market, potentially paving the way for further acceptance and integration of digital assets into mainstream financial systems. As the regulatory environment continues to evolve, stakeholders in the crypto industry will be watching closely to see how these changes unfold and what they mean for the future of digital currencies.
Recommended News :
ETH Accused of Being Both a Commodity and Security
CFTC Chair Clashes With SEC Chair, Says Ethereum Is a Commodity
SEC Ditches ETH, Says Only BTC Is Commodity-Material
Gensler Supports CFTC as Bitcoin, Ethereum Regulator
SEC’s Chair Gary Gensler Opposes FIT21 Bill for Weakening Securities Laws
The post SEC Approves SPOT ETH ETF, Recognizing ETH as Commodity appeared first on Crypto News Land.
#EarnFreeCrypto2024 #
#PEPE
Here are some points on the breakout and next level of Pepe coins ¹ ² ³ ⁴:
- *Breakout*: Despite a 60% increase in October, Pepe coin's price has seen less than a 1% rise in the opening week of November, indicating a slowdown in the rally of memecoins.
- *Volatility*: Despite the bearish moment, Pepe coin's volatility has jumped to a four-month peak at 172%, introducing the chances of substantial moves.
- *Next Level*: According to technical analysis from Coinpedia on Tradingview, PEPE's price may double in the near future, potentially setting new all-time highs.
- *Price Prediction*: The breakout is expected to propel PEPE price to $0.000015, doubling its value from current levels around $0.0000075.
- *Reasons for Breakout*: The cryptocurrency's Relative Strength Index (RSI) is fluctuating near overbought territory, underscoring growing bullish momentum, and the anticipated rally could receive an extra boost from the broader recovery in cryptocurrencies.
Please remember that these estimates are purely speculative and not investment advice. PepeCoin's price can fluctuate rapidly and unpredictably, and investing in cryptocurrencies always carries risk. Never invest more than you can afford to lose.
#tipmeifyoubenifited
#PEPE
Here are some points on the breakout and next level of Pepe coins ¹ ² ³ ⁴:
- *Breakout*: Despite a 60% increase in October, Pepe coin's price has seen less than a 1% rise in the opening week of November, indicating a slowdown in the rally of memecoins.
- *Volatility*: Despite the bearish moment, Pepe coin's volatility has jumped to a four-month peak at 172%, introducing the chances of substantial moves.
- *Next Level*: According to technical analysis from Coinpedia on Tradingview, PEPE's price may double in the near future, potentially setting new all-time highs.
- *Price Prediction*: The breakout is expected to propel PEPE price to $0.000015, doubling its value from current levels around $0.0000075.
- *Reasons for Breakout*: The cryptocurrency's Relative Strength Index (RSI) is fluctuating near overbought territory, underscoring growing bullish momentum, and the anticipated rally could receive an extra boost from the broader recovery in cryptocurrencies.
Please remember that these estimates are purely speculative and not investment advice. PepeCoin's price can fluctuate rapidly and unpredictably, and investing in cryptocurrencies always carries risk. Never invest more than you can afford to lose.
#tipmeifyoubenifited
##ETHETFsApproved :latest Hong Kong ETH ETF news .
- *Hong Kong approves Ethereum ETF staking*: Hong Kong is considering allowing staking for exchange-traded funds (ETFs) investing directly in ether. The Securities and Futures Commission (SFC) of Hong Kong is engaging the city’s cryptocurrency ETF issuers about providing staking services through licensed platforms. This potential regulatory change could open a new source of passive income for investors, positioning Hong Kong ahead of the US, where such offering is restricted.
- *Staking offers passive income*: Staking offers investors a way to earn passive income by locking tokens on the Ethereum network to help validate transactions, currently yielding about 4% annually in additional coins.
- *Competitive advantage*: If the SFC approves the staking yields, it could significantly enhance the attractiveness of Hong Kong’s spot-crypto ETFs, which have experienced moderate demand since their launch in April. This move could give Hong Kong a competitive edge over the US, where such offering is restricted.
- *Hong Kong as a digital asset hub*: Hong Kong is actively positioning itself as a digital asset hub, competing with cities like Singapore and Dubai. This follows the implementation of a dedicated regulatory regime last year aimed at rejuvenating the city’s status as a financial center after a period of political unrest.
- *ETFs tied to the price of ether*: The US SEC approved applications from major exchanges like Nasdaq, CBOE, and the NYSE to list ETFs tied to the price of ether. This milestone potentially paves the way for the launch of these funds later in the year, pending regulatory formalities and investor disclosures.
#EarnFreeCrypto2024
#tipmeifyoubenifited
- *Hong Kong approves Ethereum ETF staking*: Hong Kong is considering allowing staking for exchange-traded funds (ETFs) investing directly in ether. The Securities and Futures Commission (SFC) of Hong Kong is engaging the city’s cryptocurrency ETF issuers about providing staking services through licensed platforms. This potential regulatory change could open a new source of passive income for investors, positioning Hong Kong ahead of the US, where such offering is restricted.
- *Staking offers passive income*: Staking offers investors a way to earn passive income by locking tokens on the Ethereum network to help validate transactions, currently yielding about 4% annually in additional coins.
- *Competitive advantage*: If the SFC approves the staking yields, it could significantly enhance the attractiveness of Hong Kong’s spot-crypto ETFs, which have experienced moderate demand since their launch in April. This move could give Hong Kong a competitive edge over the US, where such offering is restricted.
- *Hong Kong as a digital asset hub*: Hong Kong is actively positioning itself as a digital asset hub, competing with cities like Singapore and Dubai. This follows the implementation of a dedicated regulatory regime last year aimed at rejuvenating the city’s status as a financial center after a period of political unrest.
- *ETFs tied to the price of ether*: The US SEC approved applications from major exchanges like Nasdaq, CBOE, and the NYSE to list ETFs tied to the price of ether. This milestone potentially paves the way for the launch of these funds later in the year, pending regulatory formalities and investor disclosures.
#EarnFreeCrypto2024
#tipmeifyoubenifited
#EarnFreeCrypto2024
#BinanceSquareFamily
- *Tribute to Kabosu*: Elon Musk posted a tribute to Kabosu, the Shiba Inu dog behind the Dogecoin meme, after she passed away at 17 years old. The image featured Harambe, a gorilla who was tragically killed in 2016 and became a meme icon, hugging Kabosu among clouds with an ethereal glow.
- *Price Spike*: Following Musk's post, Dogecoin (DOGE) surged over 5% to a session high of 17.3 cents, while Shiba Inu (SHIB) jumped nearly 3%. Although the gains were short-lived, DOGE was up 6% and SHIB gained 1% over the past 24 hours.
- *Musk's Influence*: The price action highlights Musk's significant sway over memecoins. His tweets and appearances have consistently influenced the price of Dogecoin, with many speculating he might be behind one of the largest dogecoin holders.
- *Meme Coin History*: Dogecoin, launched in December 2013, remains the number-one meme coin with a market capitalization of $24.3 billion. Its price spiked in March when Musk suggested Tesla might allow customers to buy electric cars with the meme coin.
- *Legacy of Kabosu*: Kabosu inspired countless memes and meme coins, including Dogecoin, Shibu Inu, Dogwifhat, and Bonk. Harambe also inspired memes and an online movement after his death in a Cincinnati Zoo.
Here are the latest updates on Dogecoin ¹:
- *Price*: The price of Dogecoin is $0.16318706. This is a change of 0.83% over the past 24 hours.
- *Market Capitalization*: The recent price action in Dogecoin left the tokens market capitalization at $23.57B.
- *Yearly Change*: So far this year, Dogecoin has a change of 83.78%.
- *Blockchain*: Dogecoin’s blockchain operates using a proof-of-work consensus mechanism, the same system Bitcoin uses for network participants to reach an agreement on the data being added to the blockchain.
#EarnFreeCrypto2024
#EarnFreeCrypto2024
#tipmeifyoubenifited
#BinanceSquareFamily
- *Tribute to Kabosu*: Elon Musk posted a tribute to Kabosu, the Shiba Inu dog behind the Dogecoin meme, after she passed away at 17 years old. The image featured Harambe, a gorilla who was tragically killed in 2016 and became a meme icon, hugging Kabosu among clouds with an ethereal glow.
- *Price Spike*: Following Musk's post, Dogecoin (DOGE) surged over 5% to a session high of 17.3 cents, while Shiba Inu (SHIB) jumped nearly 3%. Although the gains were short-lived, DOGE was up 6% and SHIB gained 1% over the past 24 hours.
- *Musk's Influence*: The price action highlights Musk's significant sway over memecoins. His tweets and appearances have consistently influenced the price of Dogecoin, with many speculating he might be behind one of the largest dogecoin holders.
- *Meme Coin History*: Dogecoin, launched in December 2013, remains the number-one meme coin with a market capitalization of $24.3 billion. Its price spiked in March when Musk suggested Tesla might allow customers to buy electric cars with the meme coin.
- *Legacy of Kabosu*: Kabosu inspired countless memes and meme coins, including Dogecoin, Shibu Inu, Dogwifhat, and Bonk. Harambe also inspired memes and an online movement after his death in a Cincinnati Zoo.
Here are the latest updates on Dogecoin ¹:
- *Price*: The price of Dogecoin is $0.16318706. This is a change of 0.83% over the past 24 hours.
- *Market Capitalization*: The recent price action in Dogecoin left the tokens market capitalization at $23.57B.
- *Yearly Change*: So far this year, Dogecoin has a change of 83.78%.
- *Blockchain*: Dogecoin’s blockchain operates using a proof-of-work consensus mechanism, the same system Bitcoin uses for network participants to reach an agreement on the data being added to the blockchain.
#EarnFreeCrypto2024
#EarnFreeCrypto2024
#tipmeifyoubenifited
#ETHETFsApproved #BinanceSquareFamily
Here are the statements made by Richard Teng, CEO of Binance, regarding the ETF approval for Ethereum Spot ¹:
- Ethereum supply decrease: Teng praised the Ethereum supply decrease by 355,000 since the merge.
- Bitcoin ETFs: Teng acknowledged the positive inflow from Bitcoin ETFs, signaling growing institutional interest in the broader crypto asset class.
- Ethereum ETF: Crypto commentator, Lark Davis, foreseeing the possibility of an Ethereum ETF by summer 2024. Davis’ prediction aligns with the trend of traditional financial instruments entering the crypto space, providing more avenues for investors to engage with digital assets.
- Crypto’s Future Trends: Both Teng and Davis provide valuable insights into crypto’s supply dynamics, highlighting potential impacts on market trends. As the industry matures, investors must stay vigilant and adaptable to emerging developments to seize such opportunities.#ETHETFsApproved
Here are the statements made by Richard Teng, CEO of Binance, regarding the ETF approval for Ethereum Spot ¹:
- Ethereum supply decrease: Teng praised the Ethereum supply decrease by 355,000 since the merge.
- Bitcoin ETFs: Teng acknowledged the positive inflow from Bitcoin ETFs, signaling growing institutional interest in the broader crypto asset class.
- Ethereum ETF: Crypto commentator, Lark Davis, foreseeing the possibility of an Ethereum ETF by summer 2024. Davis’ prediction aligns with the trend of traditional financial instruments entering the crypto space, providing more avenues for investors to engage with digital assets.
- Crypto’s Future Trends: Both Teng and Davis provide valuable insights into crypto’s supply dynamics, highlighting potential impacts on market trends. As the industry matures, investors must stay vigilant and adaptable to emerging developments to seize such opportunities.#ETHETFsApproved
#ETHETFsApproved
#EarnFreeCrypto2024
Here are the updates on the approval of Ethereum ETF ¹ ² ³ ⁴ ⁵:
- The U.S. Securities and Exchange Commission (SEC) has approved a rule change that will allow the creation of Ethereum exchange-traded funds (ETFs).
- The approval is a historic milestone for Ethereum, the second-largest cryptocurrency, and is expected to attract a significant influx of institutional capital into the Ethereum market.
- The SEC approved the 19B-4 form that allows for the offering and listing of ETFs, but the funds' S-1 filings must still be greenlit before investors can buy them.
- Eight ETFs from firms like VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest 21Shares, Invesco Galaxy, and BlackRock have been approved for listing on the Nasdaq, NYSE Arca, and Cboe BZX exchanges.
- Analysts predict that the Ethereum ETF could push the price of Ethereum to $10,000, giving the cash inflow and credibility the Ethereum project will receive following its ETF approval.
#EarnFreeCrypto2024
Here are the updates on the approval of Ethereum ETF ¹ ² ³ ⁴ ⁵:
- The U.S. Securities and Exchange Commission (SEC) has approved a rule change that will allow the creation of Ethereum exchange-traded funds (ETFs).
- The approval is a historic milestone for Ethereum, the second-largest cryptocurrency, and is expected to attract a significant influx of institutional capital into the Ethereum market.
- The SEC approved the 19B-4 form that allows for the offering and listing of ETFs, but the funds' S-1 filings must still be greenlit before investors can buy them.
- Eight ETFs from firms like VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest 21Shares, Invesco Galaxy, and BlackRock have been approved for listing on the Nasdaq, NYSE Arca, and Cboe BZX exchanges.
- Analysts predict that the Ethereum ETF could push the price of Ethereum to $10,000, giving the cash inflow and credibility the Ethereum project will receive following its ETF approval.
The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States on May 23, 2024 ¹. The SEC combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Traded Products (ETPs) and ETFs ¹. The approval process for Ethereum ETFs is still ongoing ².