The process of launching the first spot Ether ETHUSD exchange-traded funds (ETFs) in the United States is “going smoothly,” says Securities and Exchange Commission Chair Gary Gensler.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.
“It’s really about the asset managers making the full disclosure so that those registration statements can go effective,” he said.
“What is in front of us — and it's done at a staff level — is what’s called the registration statements, the disclosure statements,” Gensler added. “Again, these disclosures are really important. They’re important to investors making investment decisions.”
The SEC approved 19b-4 filings from eight ETF bidders on May 23 but the asset managers are still making tweaks to their Form S-1’s — the final filings the SEC needs to approve before they go live for trading.
Nothing inconsistent” about securities laws
Analysts have predicted the SEC could approve the funds for trading as soon as next week — the first week of July.
The U.S. crypto industry has raised millions and lobbied to make digital assets an election issue after facing a deluge of enforcement actions from the Gensler-led SEC.
Presidential hopeful Donald Trump said he would end what he called President Joe Biden’s “war on crypto,” and billionaire investor Mark Cuban claimed Gensler could “literally cost Joe Biden the election.”
Gensler said he doesn’t speak on elections when asked about Trump and Cuban’s comments.
“We have a set of rules that are pretty clear. There’s nothing inconsistent about crypto securities and the securities laws,” he added. “Unfortunately, there’s a number of people that are non-compliant with the laws.”
#ETFEthereum #SECCryptoRule #SECETFApproval #ETFNewsUpdate #ETF_ETH

Curve Finance’s native token, CRV, saw a dramatic 30% price drop a week ago. The crash, which included the massive liquidation of Curve Finance CEO’s lending positions, left many investors concerned. Whales took advantage of Curve’s struggle and loaded their bags with millions of tokens.
Whales Go Shopping After CRV Dip
On June 13, CRV price saw a massive drop and a high liquidation risk that alarmed the crypto community. As a result, Curve Finance’s native token reached a negative milestone after dropping nearly 40%. The token went from hovering between the $0.35-$0.37 price range to its new all-time low (ATL) of $0.20.

Since then, Curve Finance’s team has worked to solve the issues and stabilize the token’s price. Over the weekend, the token started its recovery, reclaiming the $0.30 support level.

However, CRV’s price fell below the support zone as the new week started, retracing to the $0.27-$0.29 levels. Curve continued its upward trajectory on Tuesday afternoon, printing nine hourly green candles.

Nearly a week later, the token has bounced over 40% from the drop. After momentarily rising above the $0.355 mark today, CRV is currently trading around the $0.33 range.

Despite investors’ concerns, whales took the opportunity to snatch CRV at a discounted price. On-chain analytics firm Spot On Chain revealed that six whales accumulated over 50 million CRV during the dip.

Per the report, the whales bought 55.26 million Curve tokens, worth around $19.4 million. 5 of the 6 wallets are first-time accumulators, which made the first-time purchases of the token surge this week.

Since the price recovery, the whales have made around 8%, or $1.43 million, in unrealized profit. The biggest gainer bought 4.34 million tokens at an average price of $0.288, representing a 21.84% ROI.
Crypto Analysts Predict Rise To $2
Various market watchers have forecasted a bullish future for CRV’s price. As the price started to retest the $0.3 price range, crypto trader Follis suggested that Curve Finance’s token would perform remarkably.

The trader says the token will ” be one of the first alts to pull a 2x off the lows.” He highlighted that the token’s “-40% nuke” was linked to Michael Egorov’s liquidation event. Additionally, he pointed out that in 5 days, the token had recovered nearly 50% of its price.

Crypto analyst CrediBull stated that Curve Finance’s token has “already printed a clear 5 wave impulse.” To the analyst, this suggests that CRV is “structurally more bullish” than tokens like CVX. CrediBull forecasted a $2 target for the token based on this performance.

Another trader shared a similar opinion, stating that CRV is “looking good for some relief.” To Sanchez, the liquidation dip looked like the last leg down in a five-wave pattern. He believes the recent daily performance “should be good for a decent bounce.”

#CRV. #CRVUSDT #CRV.24小时交易策略 #CRV/SHORT #bullishcrv $