SETH currently up over 22% today « What's your targets for # | Abbas Trader on Binance Square

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SETH currently up over 22% today «What's your targets for #Ethereum for this cycle?
I read you 👇
#ETHETFsApproved 
#etherreum 

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Bitcoin Runes hype fades, transactions plummet 84% Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out? The Bitcoin Runes protocol is struggling to maintain its share of Bitcoin transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin blockchain traffic on eight different days, mostly during the weekends. The Bitcoin Runes launch coincided with the fourth Bitcoin halving. The resultant hype saw transaction volume shoot up on the Bitcoin blockchain. Revenue from Bitcoin BTC tickers down $68,716 mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings of $107.7 million. #BTC #BlackRock

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$ETH Polymarket gets backlash over ‘approved’ outcome on $13M Ethereum ETF bet A multi-million bet on “Ethereum ETF approved by May 31” resolved to a “Yes” on Polymarket as news from the SEC broke, but the losing side argues it's not over yet. Polymarket users who lost money by betting against the approval of spot Ether ETH tickers down $3,701 exchange-traded funds (ETFs) are crying foul toward the decentralized betting platform, arguing the bet is still on. One betting market on the blockchain platform saw over $13.2 million worth of bets placed on whether an Ether ETF would be approved by May 31 — but it didn’t exactly detail what “approved” meant. The market closed at a “Yes” result on May 23, after the Securities and Exchange Commission greenlit the 19b-4 filings for multiple Ether ETFs. Polymarket's logs show the result was briefly disputed but ultimately resolved with the same “Yes" outcome. But “No” voters argue the call is incorrect, saying a United States ETF needs an approved 19b-4 filing and Form S-1 to start trading on an exchange, and without the S-1 filing, there can’t be a “Yes” result. Analysts say it could be months before the SEC approves the S-1s, which some “No” voters may have banked their money on. Prominent “No” bidder “JustKen” — who changed their name to “RevengeTour19B4” after the saga — pointed to VanEck digital assets research head Matthew Sigel’s X post that said “ETFs are not considered ‘approved’” until both the S-1 and “19b-4 filing have been signed off on by the SEC. #TrendingBinance #ETHETFsApproved #EthereumETFApprovalExpectations #BTC

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Ethereum ETF approved, so why aren’t we rich yet? Crypto commentators suggest there could be two reasons why the price of ETH hasn’t rocketed in the wake of spot Ether ETF approvals. There could be two main reasons why the price of Ether has barely moved despite the landmark approval of spot Ether exchange-traded funds (ETF) in the United States. On May 23, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ether ETFs to be listed on their respective exchanges. Ether ETH tickers down $ETH fell 3.4% just before the news, recovering by around 5% shortly after. ETH is trading at $3,806 at the time of writing. Crypto commentator Zach Rynes argues that the lack of movement reflects the notion that “everyone who wanted to buy the approval already did.” Ether had already surged 29% over the past week after reports suggested the SEC may have pivoted its stance toward ETF approvals. Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared to launch. That will require an approved S-1 filing, which is a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer. VanEck has just sent its amended S-1 filing to the SEC, and analysts have been saying it could take weeks to months for the S-1 approvals.

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SEC wins case against YouTuber Ian Balina for unregistered crypto ICO promo A U.S. federal judge sided with the SEC, finding that Ian Balina broke securities laws by participating in a 2018 crypto token ICO. Crypto YouTuber Ian Balina sold unregistered securities when he bought Sparkster (SPRK) tokens and offered them to United States investors in an investment pool, a Texas federal court judge has ruled. “The Court has determined, as a matter of law, that U.S. securities laws are applicable to Balina’s actions and that SPRK tokens qualify as securities,” Judge David Alan Ezra wrote in a May 22 order, granting a partial victory to the Securities and Exchange Commission, which filed the lawsuit in 2022. The court found SPRK was an investment contract under the securities-determining Howey test — where investors pool money into a common enterprise expecting profits due to the efforts of others. Judge Ezra agreed with the SEC that Balina “purposefully targeted United States investors” and knocked back the influencer’s summary judgment bid, claiming the SEC had no sway as the sales happened overseas. $BTC $ETH #ETHETFsApproved #BinanceLaunchpool

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Crypto icon Kabosu, the Doge meme dog, passes away at 17 Kabosu, the Shiba Inu who became an internet sensation and the face of Dogecoin, passed away peacefully. The crypto community honors her legacy. Kabosu, the Shiba Inu who captured the hearts of millions as the face of the legendary “Doge” meme and the Dogecoin memecoin, passed away peacefully on May 24. Kabosu was 17 years old. Kabosu’s owner, Atsuko Sato, announced the news in a post on her official blog, expressing her deep gratitude for the love and support shown to Kabosu over the years. Sato explained that there would be a farewell party at Flower Kaori in Kotsu no Mori, Narita City, held for “Kabo-chan” on May 26. The crypto community and fans of Kabosu have expressed their condolences, sharing tributes and some favorite memories of the dog that became an internet legend. Kabosu’s legacy as the face of crypto culture — and Dogecoin DOGE tickers down $0.16 — will continue to symbolize community spirit and inspire future generations of meme culture. #doge⚡ #CryptoNewss

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