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SEC asks issuers to submit final S-1 forms by Wednesday, aiming for a July 23 launch of Ethereum spot ETFs from asset managers such as BlackRock and VanEck.
#EthereumETFApprovalExpectations
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Recent analysis suggests that #shiba⚡ Inu’s new adoption has regressed with its prices, hitting a multi-year low on Monday. Shiba Inu’s struggles have gone beyond its price underperformance; the prominent meme coin’s new adoption rate has also dropped below its yearly threshold. The latest regression comes despite recent bullish developments from the ecosystem’s collaboration with the UAE government. Data from IntoTheBlock shows this lackluster adoption among new addresses in the Shiba Inu ecosystem. On Monday, the metric dropped sharply to a multi-year low of 12.73%, raising further concerns among enthusiasts. Dwindling New User Adoption For context, the new adoption rate metric tracks the percentage of transactions on an underlying network initiated by new addresses. The indicator shows the quota of contribution new wallets make to the daily activities on a blockchain. As a result, the recent drop suggests a lack of interest among new users in interacting with the ecosystem. Notably, IntoTheBlock’s data highlighted that this metric has hovered between 27% and 48% since January 2025, averaging around 33% this year before the sharp decline yesterday. Additionally, the Shiba Inu ecosystem has not seen such low new adoption in almost two years. Data shows that the last time the rate dropped to such lows was in March 2023, when it nosedived to 5.20%. New Adoption’s Correlation with Prices Meanwhile, historical analysis indicates a loose correlation between Shiba Inu’s price and the new adoption indicator. However, in a good number of cases, a regressing adoption almost always results in a corresponding price decline. For perspective, Shiba Inu’s sensational surge to its all-time high of $0.00008853 in October 2021 trailed a rise in new address interaction with its ecosystem. The metric started its slow-paced rally in July 2021, peaking at 58.26% a month after the price top. There have also been a few cases in which the new adoption ratio surged while the price did not, and vice versa. #CryptoNews🚀🔥V
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"US Bitcoin ETFs See Massive Institutional Investment in Q4 2024"
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#Bitcoin has fallen below $96k as BTC miners offload over 2,000 BTC. Will Bitcoin drop below the crucial support at $94,500? Over the past 24 hours, Bitcoin has shown little movement, currently trading at $95,657, reflecting a 0.67% drop. However, the market has experienced over $200 million in liquidations, with long-side traders losing $134.34 million. As pressure mounts on the bulls, will Bitcoin dip below its key support at $94,500? Let’s take a closer look. Bitcoin Price Analysis Puts Focus at $94,393 In the 4-hour price chart, the Bitcoin price trend reveals a bullish failure to cross above local resistance. Along with the resistance trendline, BTC faces constant rejection from the 50% Fibonacci level at $98,611. The ongoing pullback from the resistance zone is approaching the 23.60% Fibonacci level, which is a critical support at $94,393. Before the recent rejection, Bitcoin’s price action showed potential for a rounding-bottom reversal, supported by the 23.60% Fibonacci level. However, a retest of this support could weaken the chances of a reversal and put more pressure on the level. This could significantly increase the likelihood of a downward trend. Despite this, technical indicators are leaning slightly bullish. The True Strength Indicator (TSI) has reached oversold territory, suggesting a possible reversal. Additionally, the Stochastic RSI has shown a positive crossover, with the lines moving out of the oversold region. #CryptoNewsFlash
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"Ethereum Vanishing from Exchanges—What’s Coming Next?"
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A strange Chinese user has donated and burned over $5.7 million worth of #Ethereum , sending out eerie messages about widespread mind control. In a series of transactions between Feb. 10 and 17, 2025, an individual identifying as Hu Lezhi transferred about $5.757 million in Ethereum (ETH) to various addresses, including donations and token burns. However, in an interesting twist, the transactions were accompanied by unsettling messages concerning mind control and personal anguish. Pluid, a Web3 media platform, first called attention to the eerie transactions. Mind-Control Machines? The first transaction occurred on Feb. 7, involving 33 ETH (valued at $88,000) sent to the Ethereum burn address. The accompanying message, translated from Chinese, described a new form of crime where victims’ desires are systematically stripped, rendering them slaves to digital machines. The sender expressed a resolve to leave the world if they ever became a victim of this ultimate stage. Notably, the rest of the transactions, which sent funds to the Ethereum Foundation, the Ethereum burn address and WikiLeaks, carried the same message. Meanwhile, the final transaction to the burn address took place on February 17, involving 500 ETH (worth $1.34 million). The message accompanying this transaction was different, accusing Feng Xin and Xu Yuzhi, CEOs of Kuande Investment, of using brain-computer interfaces to control and persecute employees, including themselves. For context, Kuande Investment, also known as Wizard Quant, is a Chinese hedge fund specializing in quantitative trading with a strong presence in domestic and international markets. On the same day, Hu Lezhi donated 591 ETH ($1.59 million) to WikiLeaks, the last of the transactions. In the accompanying message, he identified himself as an ordinary programmer and entrepreneur who, since October 2022, had become aware of being monitored and manipulated by a mind control organization since birth. #CryptoNewss
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