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-$ETH This is the SEC’s second decision regarding crypto Exchange-Traded Products. Earlier this year, in January 2024, the SEC, after a long battle, approved Bitcoin ETFs and ETPs. The exchanges had sought SEC approval for a rule change required to list these new products, which was successfully granted. However, trading will not start immediately, as issuers still need the SEC to approve individual ETF registration statements detailing investor disclosures. According to Reuters, industry participants said it was unclear how long the SEC’s approval process might take. The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States on May 23, 2024. The SEC combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Rraded Products (ETPs) and ETFs. #ETHETFsApproved #buythedip #EthereumETFApprovalExpectations #EtheruemETF

-$ETH

This is the SEC’s second decision regarding crypto Exchange-Traded Products. Earlier this year, in January 2024, the SEC, after a long battle, approved Bitcoin ETFs and ETPs. The exchanges had sought SEC approval for a rule change required to list these new products, which was successfully granted. However, trading will not start immediately, as issuers still need the SEC to approve individual ETF registration statements detailing investor disclosures. According to Reuters, industry participants said it was unclear how long the SEC’s approval process might take.

The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States on May 23, 2024. The SEC combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Rraded Products (ETPs) and ETFs.

#ETHETFsApproved #buythedip #EthereumETFApprovalExpectations #EtheruemETF

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$MANTA Manta announced the launch of CeDeFi on May 19, describing the product as generating both CeFi and DeFi yields in parallel. Yields are earned through a combination of DeFi yields on the Manta Pacific chain alongside stablecoin funding rate arbitrage on centralized exchanges. Custody services are provided by Ceffu, formerly Binance Custody. Binance Custody launched in December 2021 and rebranded to Ceffu in February 2023. Assets deposited to Manta CeDeFi are held by Ceffu, with users receiving on-chain “liquid custody tokens” representing their holdings on Manta Pacific that can be used for on-chain DeFi. Funds are also “mirrored” to represent assets on the Binance centralized exchange via Ceffu’s MirrorX service, facilitating the execution of CeFi strategies. “Ceffu generates revenue through Delta-neutral, low-risk trading strategies enabled by MirrorX,” 1. Research the Project: Understand what $MANTA is, its purpose, technology, team, and roadmap. Look for reputable sources of information. Manta CeDeFi currently supports deposits in the form of ETH, StakeStone’s Ether liquid staking token, STONE, Bitcoin tokens wBTC and BTCB, and the stablecoins USDT, USDC, and wUSDM. 2. Evaluate the Team: Assess the team's experience, expertise, and track record in the industry. 3. Analyze the Market: Look at the market demand for the project's solution and the potential for growth. 4. Assess Risk: Consider the risks associated with investing in $MANTA, such as regulatory, technological, and market risks. 5. Diversify Your Portfolio: Don't put all your funds into a single asset. Diversify across different assets to spread risk. 6. Use Dollar-Cost Averaging: Instead of investing a lump sum, consider investing a fixed amount regularly over time to reduce the impact of market volatility. 7. Set Realistic Expectations: Understand that all investments carry some level of risk, and there are no guarantees of $MANTA #MantaRWA
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Ethereum$ETH and Bitcoin $BTC Correlation: Will Ether Price Pick Up Pace? BTC/ETH correlation coefficient The BTC/ETH correlation refers to the price relationship between Bitcoin (BTC) and Ethereum (ETH), typically expressed in terms of BTC. For example, if Bitcoin is priced at $60,000 and Ethereum at $3,000, the ratio is 0.05, meaning it costs 0.05 BTC to buy one ETH. If ETH's price increases faster than BTC's, the ratio rises, indicating it costs more BTC to buy ETH. Another measure of this relationship is the correlation coefficient, ranging from -1 to 1. A coefficient of 1 indicates that BTC and ETH move in the same direction, -1 indicates they move in opposite directions, and 0 signifies no correlation. For instance, during periods of negative correlation, if BTC's price rises, ETH's price would fall, and vice versa. Thus, the BTC/ETH correlation shows the price relationship between the two assets, while the correlation coefficient measures how their prices move relative to each other. Both metrics are crucial for efficiently trading the BTC/ETH correlation. Historic correlation Historical data shows that Ethereum tends to be priced higher during bull markets. For instance, ETH was priced above 0.05 BTC during the bull runs of 2018 and 2021. After 2021, the 0.05 BTC level has consistently served as a strong support region. Conversely, the 0.08 BTC level has acted as significant resistance on three separate occasions. During the BTC bull run, the correlation had been steadily growing, peaking on March 14, when the BTC price reached an ATH. #Bitcoin #Ethereum
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$BB BounceBit Price Soars 40%, Will The Rally Continue? BounceBit Price rallied over 40% today, sparking speculations in the broader cryptocurrency market. Here we explore the potential reasons behind the BB price surge. The recent surge in the BounceBit price has left many investors wondering about the potential reasons behind it. While no specific developments were noted today, it seems that the project’s recent unveiling of its roadmap has fueled market confidence For context, BounceBit recently announced its roadmap to democratize high-yield Bitcoin investing by merging centralized and decentralized finance (DeFi). According to a Medium blog post, BounceBit aims to blend the liquidity of centralized exchanges with decentralized infrastructure for Bitcoin without altering its core technology. Meanwhile, BounceBit plans to enhance its BounceBit Chain, a proof-of-stake layer-1 chain secured by validators staking both $BTC and BounceBit’s native token $BB . In addition, the startup plans to optimize the Ethereum Virtual Machine (EVM) execution layer to improve node performance. In addition, other improvements include developing a shared security client module for other projects to utilize BounceBit’s liquidity. To achieve that, it plans to construct a new mempool module for higher transaction throughput, and refactoring the communication layer between EVM and Cosmos SDK. Besides, BounceBit also aims to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, akin to traditional crypto lending. Simultaneously, it also announced launching BounceClub, enabling users to create their own centralized and decentralized finance (DeFi) products using BounceBit’s widget. #alt #staking #BB #bitcoin #defi
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