๐จQuick little market update for today. Today is the ETF approval decision from the SEC. They should be able to tell us anywhere from 3:45 Eastern to 4 PM Eastern as to when the approval will happen or deny it. If they deny it the market will crash severely because that means tomorrowโs approval will probably not happen either and that will be a massive manipulated market indeed as BTC has already gone up nearly 10-12k$ in the last week , so based of the idea and hopium that the ETF was going to be approved, and of course the FOMC and CPI being bullish, so if the SEC doesnโt approve the ETF for ETH, then we will probably see a pretty big reverseal. We are already seeing a 4k as we speak. Stay safe. $ETH $BTC #ETFEthereum
The price of GALA has rallied by 18% in the past 24 hours. WHY?!
โผ๏ธ The Gala Games exploiter has reportedly returned 5,913 ETH (worth $22M) to the team. The team has since stated that it will use GalaSwap to convert this Ethereum back to GALA. This is likely the primary driver behind the rally.
๐ฅ Gala Games will also refund all affected users while voting on a proposition to burn 5B tokens and restore the original supply of GALA.
Itโs been an exciting week in the crypto market, and weโre here to break it all down for you. As you might have noticed, BTC rallied quite hard in response to the CPI and the spot Bitcoin ETF inflows. You may have also noticed that ETH is starting to wake up, at least relative to BTC. This is because the SEC is expected to decide about the spot Ethereum ETFs in the coming days, and it could be surprising. At the same time, it looks like both Tether and China have started printing money, which is supporting the crypto market for different reasons. Not surprisingly, last weekโs top performing cryptos rallied hard. $BTC $ETH #SEC
The price of LDO has rallied by 30% in the past 24 hours. WHY?!
๐ Part of a larger rally among Ethereum ecosystem projects as favourable regulatory developments have increased the likelihood of approval for Spot Ethereum ETFs.
โผ๏ธ Notably, sources have stated that the SEC is asking exchanges to update 19b-4 filings on an accelerated basis, suggesting potential progress toward spot Ether ETF approvals. #newsdaily #marketnews $LDO
The price of STRK has rallied by 6% in the past 24 hours.
WHY?!
โผ๏ธ Chinese police have captured a person suspected of identity forgery related to the STRK airdrop.
๐ According to the report, the suspect assumed other peopleโs identities and submitted over 40 false Early Community Member Program (ECMP) airdrop forms, claiming over 40,000 STRK tokens that initially belonged to the victims. $STRK #marketinfo