Bitcoin
Previous bull markets have often been led by altcoins. Does this mean a more substantial altcoin rally is around the corner?
Ethereum
Ethereum users say they are spending upwards of $100 on gas fees for swaps and NFTs during peak times. The upcoming Dencun upgrade will lower fees, but there is a caveat.
Some providers are hoping to integrate staking into the US spot ether ETFs to generate additional income. However, the addition is unlikely to turn many investors’ heads away from spot bitcoin ETFs.
The iShares Bitcoin ETF joins an exclusive club that only includes 152 funds from the entire ETF universe of 3,400 offerings.
Regulation
The government regulator participated in a fireside chat on Thursday, talking about how “strange” the SEC’s approach of regulation through enforcement has been.
The banking giants are giving wealth management clients access to the spot bitcoin exchange-traded funds that received U.S. regulatory approval and started trading in January.
While some investors seemed ready to take profits as the price of bitcoin surged past $60,000 on Wednesday, many others seemed content to hold.
Business
Gemini will also pay a $37 million fine for “significant failures that threatened the safety and the soundness of the company,” according to the New York State Department of Financial Services.
The Bitcoin ecosystem is experiencing a surge in energy, with BTC’s price returning to levels not seen since Nov. 2021, new spot BTC exchange-traded funds shattering volume records, and market sentiment reaching extreme greed.
Technical issues on Coinbase led to user account anomalies during Bitcoin’s meteoric price appreciation.
