#ETHETFS #SEC上诉 #ETH_Market_Update
Joe Lubin, co-founder of Ethereum and CEO of Consensys, made a statement about ETFs in an interview.
After months of anticipation, the Securities and Exchange Commission (SEC) appears ready to approve spot Ethereum exchange-traded funds (ETFs), setting the stage for a significant increase in demand for Ethereum (ETH) that could lead to a supply shortage.

Ethereum Co-Founder Predicts Supply Squeeze With Potential Approval of Ethereum ETFs
Joe Lubin, co-founder of Ethereum and CEO of Consensys, made a statement about ETFs in an interview.

Lubin explained that institutions investing in Bitcoin through recently launched ETFs are likely to diversify their holdings with Ethereum once spot Ethereum ETFs receive approval.

“There will be a fair amount of natural, pent-up pressure to buy Ethereum through ETFs,” he said. However, this demand may face a more limited supply compared to the Bitcoin ETFs approved earlier this year.

In January, when spot Bitcoin ETFs were approved, authorized participants — the firms responsible for purchasing Bitcoin on behalf of the ETFs — were able to easily purchase idle coins available on exchanges or through over-the-counter transactions.

However, the situation with Ethereum is different. On-chain data shows that more than 27% of the total Ethereum supply is currently staked on the Ethereum network, generating returns for holders and therefore kept out of direct circulation.

Related News The Big Day for the Cryptocurrency Market is Just 4 Days Away: Two Analysts Explain Their Views
“The bulk of Ethereum is used in the core protocol, DeFi systems, or DAOs,” Lubin said, referring to decentralized autonomous organizations.

This locked supply, combined with Ethereum's market dynamics, could make Ethereum's price more sensitive to expected inflows from ETFs.

Moreover, increased activity on the Ethereum network will trigger the burning of some of the existing Ethereum supply over time, further tightening the current supply. The deflation mechanism introduced by Ethereum's EIP-1559 upgrade contributes to scarcity by systematically reducing the supply of Ethereum in circulation.

The scenario for Ethereum ETFs could parallel or even exceed the supply pressures faced by Bitcoin ETFs.

Lubin emphasized the broader significance of this development, calling it a “profound turning point” for Ethereum and the cryptocurrency industry as a whole.

*This is not an investment recommendation.
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#BTC🔥🔥🔥🔥🔥 #SEC上诉 #ETFvsBTC #ETHETFS
The SEC will make an important decision on May 23 that will affect the fate of the cryptocurrency market. So what to expect?
The US Securities and Exchange Commission (SEC) will make an important decision on the approval of Ethereum ETFs within the next week. However, according to Ric Edelman, President of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies could lead to a negative outcome.
Edelman, a famous investor and personal finance writer, expects another delay in the decision. “I think there will be another delay, which obviously isn't all bad news,” he said in an interview on CNBC's “ETF Edge” this week.
However, the #SEC will have two options, either an approval or a rejection, in its decision on May 23. But a rejection also ultimately means a postponement.
“Without any police on their heads, it forces investors to go on their own outside of the investment advisory community because the community can't help them because we don't know what the rules are,” Edelman said. And they find themselves involved in fraud and fraud.” said.

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The Big Day for the Cryptocurrency Market is Just 4 Days Away: Two Analysts Explain Their Views
The SEC will make an important decision on May 23 that will affect the fate of the cryptocurrency market. So what to expect?

The US Securities and Exchange Commission (SEC) will make an important decision on the approval of Ethereum ETFs within the next week. However, according to Ric Edelman, President of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies could lead to a negative outcome.

Edelman, a famous investor and personal finance writer, expects another delay in the decision. “I think there will be another delay, which obviously isn't all bad news,” he said in an interview on CNBC's “ETF Edge” this week.

However, the SEC will have two options, either an approval or a rejection, in its decision on May 23. But a rejection also ultimately means a postponement.

“Without any police on their heads, it forces investors to go on their own outside of the investment advisory community because the community can't help them because we don't know what the rules are,” Edelman said. And they find themselves involved in fraud and fraud.” said.
Edelman also criticized SEC Chairman Gary Gensler's refusal to write regulation, stating that it “actually hurts the consumer rather than helps.”

Meanwhile, Bitwise Asset Management's Chief Investment Officer Matt Hougan is also defending the new rules. Hougan argued that “80-year-old securities laws do not fit neatly into this world of digital assets, crypto and 21st century technology.” Hougan believes that everyone wants a safe and secure platform where investors are protected and innovation is assured.

Bitwise has its own filing for a spot ethereum ETF, and Hougan remains hopeful that it will arrive. “We've entered the ETF era for crypto. We've seen Bitcoin ETFs come to market. We've seen the great things they've done for investors, lowering costs, improving regulations, increasing safety, security and peace of mind. I think we'll achieve that on Ethereum as well,” he concluded.

*This is not investment advice.

Base ecological project Degen stated that its tip allowance service has been restored and continues to operate. Conduit is still working on solving the Degen L3 issue. It is expected that the node will be synchronized to the post-reorg state through effective database synchronization at 8:00 PST (23:00 Beijing time). Degen Chain has not produced any blocks for about 18 hours.
#SEC上诉

On May 13th, according to a member of the TON official community, a new NFT with a virtual number starting with "888" has been added to the TON wallet. However, the transaction fee for each transfer is as high as 1 TON, which is caused by the fishing project changing the Gas.
#SEC上诉

According to PeckShield monitoring, the address marked as Kronos Research hacker 4 has transferred 800 ETH (worth about $2.4 million) to Tornado cash.
#SEC上诉

According to Defi Llama data, there is approximately $48.05 million in on-chain liquidation volume for Ethereum around $BTC #SEC上诉

According to on-chain analyst @ai_9684xtpa, four hours ago, vladilena.eth (@0xVladilena) redeemed 1,930 weETH from Zircult, then exchanged it for 2,000 ETH and deposited it into Binance, worth $5.84 million, suspected to be sold. The whale still pledges 5,104 ETH in Zircult, with a total value of $14.9 million.
#SEC上诉

On May 12th, according to official data, the total amount of ETH collateral on the Lido liquidity collateral platform is 9,365,480 ETH, equivalent to approximately $27,425,404,621. In addition, as of now, Lido has paid out 516,716 ETH in collateral rewards, equivalent to approximately $BTC #SEC上诉

Interactive Cares has announced that it has received a $100,000 grant from Binance Launchpad's Open Campus project. Interactive Cares was founded in 2020 and mainly provides online courses for artificial intelligence and blockchain education. It is also exploring the certification of distributed ledgers and AI-driven personalized educational content. It is reported that the project has completed $700,000 in financing, with participation from Acceleating Asia, Flagship Ventures, SuperCharger Ventures, and others.
#SEC上诉

According to DL News, Bloomberg ETF analyst Eric Balchunas pointed out that due to lack of meaningful interaction with potential issuers and the uncertainty of Ethereum's regulatory status, the US Securities and Exchange Commission (SEC) may reject the application for Ethereum spot ETF on May 23. Balchunas further predicted that it may take until the end of 2025 for Ethereum spot ETF to be realized. In addition, he also mentioned the potential impact of the 2024 US presidential election, pointing out that if former President Trump wins a second term, the SEC may undergo leadership changes, and the new president may adopt a more crypto-friendly policy than current SEC chairman Gary Gensler.
#SEC上诉

According to the latest data from CryptoSlam, the total sales of NFTs on the Solana blockchain have surpassed 5.5 billion US dollars, currently reaching 5,509,466,199 US dollars. The number of NFT transactions on the blockchain is approaching 5 million, with a total of 49,310,271 transactions. Among them, there are 3,172,334 buyers and 1,999,075 sellers on the blockchain.
#SEC上诉

On April 18th, Casey Rodarmor, the founder of Ordinals, stated during a Discord community meeting that the Runes protocol only hardcodes the 0th rune, which is "UNCOMMON•GOODS". The other nine token names are not hardcoded into the Runes protocol due to a lack of good ideas. According to Casey's previous plan, the Runes protocol will hardcode the first 10 runes, which are numbered 0-9.
#SEC上诉

A serious attempt called OP_CAT to introduce smart contract functionality similar to Ethereum into Bitcoin has ultimately received "BIP number" 347. This is the first step in actually launching the long-proposed software upgrade. One of the co-authors of the proposal, Ethan Heilman of Armin Sabouri, said in an interview: "Obtaining a BIP number does not mean that the community has reached any consensus. It just makes discussions and software writing easier."
#SEC上诉

According to Bitcoin Magazine on the X platform, the latest data shows that the Bitcoin holdings of BlackRock's spot Bitcoin ETF IBIT have reached 273,596 BTC, worth approximately $18 billion, which is 59,350 BTC more than MicroStrategy's Bitcoin holdings.
#SEC上诉

The Financial Times reported that the New York Stock Exchange (NYSE) has had its data analysis team conduct a survey of its members to evaluate their interest in switching to 24/7 trading. The Financial Times stated that this idea has gained increasing attention in recent years, partly due to the increased activity of retail investors caused by the round-the-clock operation of cryptocurrency trading.
#SEC上诉

Blockchain technology platform Antelope Aggregator announced that it will launch Rune KING•VITALIK on ETH, committed to reducing transaction costs and improving network performance. It is reported that Antelope Aggregator is an innovative company focused on blockchain technology solutions, aiming to improve the efficiency and accessibility of blockchain systems through technical integration.
#SEC上诉

The US Department of Justice (DOJ) opposes the motion to dismiss the charges of conspiracy and money laundering against Tornado Cash co-founder Roman Semenov. They believe that the defense has raised disputed facts that should be considered by a jury and not dealt with at an early stage. The DOJ accuses Semenov and others of conspiring to launder money, operating an unlicensed money transmitting business, and violating sanctions, alleging that entities such as North Korea's Lazarus Group used Tornado Cash for money laundering.
#SEC上诉