Yes, there is a significant update! The SEC approved a rule change on May 23, 2024, paving the way for the creation of ETFs that directly hold Ethereum (ETH), the second-largest cryptocurrency by market capitalization [CNBC]. This is a major development for the crypto industry, following the SEC's approval of Bitcoin ETFs earlier this year.

Here's a quick breakdown of the news:

Approval Granted: The SEC approved a rule change that allows for spot Ethereum ETFs. [multiple sources]

Impact: This is expected to increase institutional investment in Ethereum and potentially lead to a price surge. [FXStreet]

Next Steps: While the rule change paves the way, individual ETF applications (S-1 registration statements) still need approval, which is generally considered a formality. [ETF.com]

CZ's work for crypto and ultimaly decentralized finance is unforgettable. wasting three important years where he could have done so much for financial future of the world is insane.

#FreeCZ

“The 1 #Bitcoin    a day program continues until #Bitcoin    becomes unaffordable with fiat currencies," says President of 🇸🇻 El Salvador Nayib Bukele 🙌

Trading Tips:

Bollinger Bands are often used by traders to identify potential entry and exit points for a trade. When the price of an asset moves above the upper band, it may indicate that the asset is overbought and a sell signal. When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal.

CYPHERPUNK LEGEND ADAM BACK SAYS $100,000 BITCOIN PRICE IS 'OVERDUE'

One of Bitcoin's most significant contributors, Adam Back, believes the asset is currently undervalued, even at all-time price highs above $70,000.

Back doubled down on his $100,000 prediction in a post on X saying, "I think the reason things are muted is that $100k seems way overdue, for a few years now. There's not much bull market euphoria as the $1-5k green candles scroll by. Just tick tock $100k."

#DYOR*

does anyone has any information about newly launched gaming coin @Scapemenia?
tokonomics and Future, current price at pancake is .0063

#scapemenia

i sold @SOL today at highest price and exchanged /Swaped it with @INJ, was it a right decision?

#SOL
#INJ

what you guys say!

Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin

The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.

By Stephen Alpher

Updated Mar 14, 2024 at 2:24 a.m.

Michael Saylor, executive chairman of MicroStrategy (Michael.com)

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Now billing itself as a Bitcoin Development Company, MicroStrategy (MSTR) Wednesday afternoon filed to raise $500 million in a convertible debt offering, with intentions to use the proceeds to purchase more bitcoin (BTC), according to a press release.

The company only days ago closed on an $800 convertible debt raise (upsized from an originally planned $600 million), with those proceeds plus some dollars already in the bank used to acquire another 12,000 bitcoin for $821.7 million.

what you guys think about the future of Polka dot and Link as compare to all other leading tokens have seen significant price increase expect these two?
#DOTecosystem
#LINKUSDT
I am still bulish and thinks a good grab at this point in time.