💰 CNBC discusses the possibility of a spot Solana ETF being approved after Ethereum.
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💰 Jaffe Tilchin and 4 other firms disclose spot Bitcoin ETF investments during Q1
Jaffe Tilchin Investment Partners was one of several firms that disclosed investments in spot Bitcoin ETFs on May 16. The Florida-based investment manager and insurance services advisor revealed it invested $11.3 million in spot Bitcoin ETFs during the first quarter — comprising $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC.
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Читать полностью…🪙 MakerDAO founder says fully decentralized 'PureDai' will launch in few years
MakerDAO founder Rune Christensen said a future token, PureDai, will serve as a fully decentralized alternative to its U.S. dollar-pegged stablecoin. Known as PureDai, the stablecoin will operate exclusively on the Ethereum mainnet and use ether and Lido staked ether (stETH) as collateral backing — fully relying on decentralized oracles. It will also have a free-floating peg, meaning the decentralized stablecoin may not be pegged to the dollar.
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💰 Robinhood launches Solana staking in Europe plus new customer rewards program
Robinhood Crypto has announced it is launching a Solana-staking product in Europe in conjunction with a bonus program for new customers. In Europe, "Robinhood Crypto customers can now stake their Solana holdings directly through the app, allowing them to earn rewards with the flexibility to unstake at any time," the company said in a statement. Additionally, "new customers can earn a 10% bonus on their net buys over their first 30 days on the platform," Robinhood added.
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🏦 Coinbase’s Appeal Request Now Opposed by SEC
The U.S. Securities and Exchange Commission (SEC) has firmly rebuffed cryptocurrency exchange Coinbase’s plea for an interlocutory appeal regarding the application of traditional securities regulations to digital assets. Coinbase’s appeal request to the court, seeking a review of whether conventional securities rules, notably the Howey Test, are pertinent to cryptocurrencies, was dismissed by the SEC. The regulatory body contended that Coinbase’s aim was to manipulate the interpretation of the issue itself.
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🪙 Ether options now biased toward calls for all expiries, analyst says
Amid renewed optimism for potential spot ether exchange-traded fund approvals, ether call options are more expensive than put options for all expires — indicating bullish market sentiment — an analyst said. "Put minus call skew is negative across all expiries and increasing further beyond the end-of-June expiry, quite a bullish signal — the basis has also increased to around 14% annualized, another bullish indicator," Deribit CEO Luuk Strijers said in an email sent to The Block.
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💰 Bitcoin Price to Soar as Japan’s Economy Worsens: BitMEX’s Arthur Hayes
The weakening Japanese yen could potentially lead to actions that drive up the price of bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. His central argument revolves around the fact the Japanese yen has been rapidly weakening against the US dollar due to the large interest rate differential between the two currencies. This hurts Japan’s export competitiveness against China.
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🇺🇸 US SEC is asking for amended 19b-4 filings for spot 🪙 Ethereum ETFs: reports
Firms looking to list and trade shares of spot ether exchange-traded funds are being asked by the U.S. Securities and Exchange Commission to update and refile documents that are pivotal if those products were to be approved, according to news reports. Those filings, called Form 19b-4, are filed to let the SEC know about a proposed rule change and are among the documents that need the agency's greenlight before spot ether ETFs can become effective.
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💰 Skybridge's Scaramucci: Institutional Adoption of Bitcoin Is Happening Now
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was the rate-limiting step for a lot of these large-scale institutions,” he detailed.
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✈️@CryptoWorldNews🌐
💰 Bitcoin Selling Pressure Subsides as Demand Stabilizes: CryptoQuant
The price of bitcoin (BTC) has surged past the $60,000 level to the $67,000 zone due to news of a lower-than-expected inflation rate in the United States. According to the latest CryptoQuant weekly report, bitcoin’s latest rally has also been sustained by a recent decline in selling pressure. The fall in BTC selling pressure can be seen in the on-chain activity of short-term holders and the balances on over-the-counter (OTC) desks.
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🪙 Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates — could also lead it to approve spot Ethereum ETFs.
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✈️@CryptoWorldNews🌐
💰 Bitcoin options traders anticipate short-term price correction, analysts say
Despite yesterday's softer U.S. CPI inflation report, investors are still ready to pay a premium for short-term downside protection, according to CF Benchmarks' analysis of Chicago Mercantile Exchange (CME) options on bitcoin futures. The CF Benchmark analysts said that although bitcoin saw a breakout above the $66,000 mark after yesterday's softer inflation print, there is still "higher implied volatility for OTM puts compared to calls.".
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💰 FTX repayments might cause crypto buying pressure: K33
A Tuesday report from the digital asset brokerage firm K33 suggests that repayments from the collapsed crypto exchange FTX might have bullish effects on the crypto market. "While Mt. Gox and Gemini creditor repayments represent a bearish overhang in the market, FTX’s cash repayment may be viewed as a bullish overhang," K33 wrote in the report.
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✈️@CryptoWorldNews🌐
🏦 Coinbase reports system-wide outage, ensures 'funds are safe'
Cryptocurrency exchange Coinbase is experiencing a “system-wide outage,” and the company is investigating the issue. The exchange stated in an X post that its team is working on a solution. “Your funds are safe,” the firm added. The crypto exchange previously encountered a temporary technical glitch in March when its trading platform experienced problems amid heavy trading, including showing some users that their account balance was $0.
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💰 Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions
Marathon Digital (MARA), one of the largest bitcoin mining companies, has held talks with Kenya to help manage the country's renewable energy through mining and develop its crypto regime. Kenya's President William Ruto recently met up with the Marathon's team during an American Chamber of Commerce event hosted in Kenya.
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💰 Spot Bitcoin ETFs Outflows Threaten Price Plunge, Says Gold Advocate Peter Schiff!
Schiff anticipates an explosive rise Bitcoin ETFs in gold and silver prices, emphasizing their potential as lucrative investment opportunities. In contrast to his bullish outlook on precious metals, Schiff remains skeptical about Bitcoin’s prospects, referring to it as “dead money.” Instead, he urges investors to capitalize on what he believes could be the largest bull market in precious metals in history.
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✈️@CryptoWorldNews🌐
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