● ConsenSys submits comment letter to SEC advocating approval of spot Ethereum ETF
As Wu said, MetaMask parent company ConsenSys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) advocating for the approval of a spot Ethereum ETF. The letter refuted the SEC’s concerns about potential fraud and manipulation, as well as concerns about the Ethereum proof-of-stake consensus design, emphasizing that Ethereum’s security is superior to previously approved spot Bitcoin ETFs. The letter highlights Ethereum’s advantages due to its fast block finalization, distributed verification process, high attack costs, reduced penalties and environmental benefits.
● Polymarket predicts: The probability of Ethereum spot ETF being approved by the SEC is 19%
According to Odaily Planet Daily, the prediction probability on the on-chain prediction market Polymarket on whether the Ethereum (spot) ETF will be approved by the SEC before May 31 is currently 19%.
● Grayscale launches actively managed investment product Grayscale Dynamic Income Fund
According to Foresight News, Grayscale has launched its first actively managed investment product, Grayscale Dynamic Income Fund (GDIF), which seeks to optimize income in the form of staking rewards associated with proof-of-stake digital assets.
● 10x Research: April is usually a relatively strong month for Bitcoin
According to Odaily Planet Daily, 10x Research published an article on the X platform stating that Bitcoin tends to rise by 12% in April. In the past decade, April has usually been a relatively strong month for Bitcoin, with six years showing positive returns and an average return of 12%. Especially considering that the first quarter is usually challenging and most of Bitcoin's gains tend to be generated in the fourth quarter, the probability of another strong performance in April is relatively high.
● Taiwan's cryptocurrency industry is approved to establish a business association
According to Chain News, the relevant Taiwanese authorities have approved the application of the local cryptocurrency industry to establish a business association. The working group is currently required to complete all preparations and formally establish the virtual currency business association by the end of June. The working group is currently composed of 22 cryptocurrency companies, including major local exchanges such as MaiCoin and BitoPro.
● Elon Musk: Grok 1.5 will be available on X platform next week
According to Odaily Planet Daily, Elon Musk posted on the X platform that Grok 1.5 should be available on the X platform next week. Grok 2 should surpass the current AI in all indicators and is currently being trained.
● Fed Chairman Powell: Monetary policy is ready, no need to rush to cut interest rates
According to PANews, Federal Reserve Chairman Powell said in his speech on "Macroeconomics and Monetary Policy" that monetary policy is ready to respond to different economic data paths.
Powell stressed that despite the strong economic performance, the Fed can choose to wait before considering a rate cut to increase confidence. He made it clear that there is no need to rush to cut interest rates and will be cautious about such decisions.
