Ethereum
It was meant to be a watershed moment for the industry, but crypto markets turned negative after the SEC approved regulatory filings that brings spot ether ETFs one step closer to trading.
Business
With ETH ETFs getting the green light, the race heats up: Will Solana, Dogecoin, XRP, or Litecoin be next?
One whale has withdrawn about $13.6 million worth of PEPE from crypto exchange Binance since the fortunes of the ETH ETF approval reversed.
The decision comes during a week when numerous NY-based members of Congress have voted for bills at odds with the SEC.
Regulation
The US House has passed the FIT21 bill, which many regard as the first step in establishing a clear regulatory framework for digital assets.
Nvidia’s Q1 2024 revenue exceeded analysts’ estimates, while the price of the largest artificial intelligence tokens dropped.
DeFi
Increased odds of the SEC approving spot ether ETFs have led to a jump in Ethereum open interest and perpetual funding rates across the market, helping push the staking yield of USDe to 37.2%.
Pendle’s smart contracts are among the largest holders of Ethena’s synthetic dollar USDe, as well as several liquid restaking tokens such as wrapped eETH and ezETH.
Tech
The Gala Games exploiter has returned a little over $20 million a day after the protocol froze 90% of the stolen funds.
Over 87,800 ETH worth $327 million has moved on to exchanges, according to data from Nansen, as the hype around spot ether ETFs being approved escalated.
