● QCP Capital: ETH bullish sentiment is strong due to two factors
As reported by Wu Shuo, QCP Capital said that the ETH spot price rebounded sharply from the morning low of $3,400, and the front-end implied volatility increased significantly to 65%. This bullish sentiment is supported by two developments: First, the U.S. Securities and Exchange Commission (SEC) is concluding its investigation into Ethereum 2.0, ruling out charges that ETH sales were securities transactions.
Secondly, the proposed Ethereum ETF issuers are responding to the SEC's comments and plan to submit feedback this week. The options market also reflects this optimism, with traders observing active top-end call options activity across all maturities. Although the market acceptance of the ETH ETF is uncertain, if it can attract 10-20% of the Bitcoin ETF flow, it could push the ETH price above $4,000, close to its peak of $4,800.
According to PANews, Fox reporter Eleanor Terrett said on the X platform that she contacted Joseph Lubin, the founder of ConsenSys, and asked about the U.S. Securities and Exchange Commission (SEC)'s decision to abandon its investigation into Ethereum and how this would affect their lawsuit against the agency. Lubin responded that although the SEC's decision to end the 14-month Ethereum investigation was good news, it was just the beginning. He said that for the regulation of the cryptocurrency market, better methods need to be found than surprise attacks.
He expects that hostility toward cryptocurrencies by some U.S. regulators will begin to wane and that the nation’s investor protection strategy will evolve from its current guerrilla tactics. Until then, they will continue to file lawsuits against the SEC in Texas as they work to gain more legal clarity for everyone.
According to PANews, Andrew Kang, co-founder of Mechanism Capital, posted on the X platform that the approval of the spot Ethereum ETF may be delayed by one to two quarters, and the original plan for the end of May has been postponed to the fourth quarter. Although the market momentum has turned from rising to falling due to the lack of a large amount of ETF funds inflow, he firmly believes that Bitcoin is still strong and the price will not fall below $50,000.
For Ethereum, he predicts that its price may remain stable until the ETF is listed, but the upside this year is limited, and it is expected to be around $4,000 at most. However, if the fund flow performance is disappointing or there is a large amount of ETHE selling, its price may fall to between $2,000 and $3,000. He also mentioned that Solana has performed well in this cycle, but if meme trading is suspended in the next few months, then we are likely to see SOL prices close to $80 again.
● There are at least 40 billionaires in the world who hold Bitcoin
According to ChainCatcher, statistics from HODL15Capital show that there are at least 40 billionaires in the world who hold Bitcoin.
● Binance will launch HODLer airdrops for BNB holders
According to Binance's announcement, Binance is launching a HODLer airdrop for BNB holders.
Users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects that have a large amount of tokens in circulation and plan to be listed on Binance soon.
Binance will make an announcement before HODLers begin airdropping new tokens. User balances and total pool balances will be snapshotted multiple times per hour to capture the hourly average balances of users in Simple Earn products (flexible and/or locked).
