In an unexpected move, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs, allowing issuers like BlackRock, Fidelity, and Grayscale to proceed with their Ethereum-based exchange-traded funds, pending registration statement approval.
Binance Coin (BNB) is experiencing a bullish momentum, with a 5% price increase in the last week. Crypto analytics platforms predict BNB could reach new all-time highs in June, potentially spiking by 19% to $700 by June 20, driven by the overall market rally.
Cardano (ADA) price could surge by 15% after forming a double-bottom pattern and breaking above the $0.47 resistance level, supported by increasing network activity and positive on-chain metrics, suggesting growing demand and accumulation by whales.
Former President Donald Trump’s 2024 campaign has announced it will accept cryptocurrency donations, including Bitcoin, Ether, and Dogecoin, as he faces multiple criminal charges and prepares for a potential presidential debate against incumbent Joe Biden.
Paraguay is taking a tough stance against illegal bitcoin mining operations by proposing legislation that includes up to 10 years in jail for mining illegally and provisions for seizing and selling mining equipment from unlawful operations.
A prominent Litecoin holder has strategically redirected a substantial $250,000 investment to Algotech, an emerging decentralized algorithmic trading platform, amid bullish signals for Litecoin’s potential breakout.
Mike Novogratz, CEO of Galaxy Digital, expects cryptocurrencies like Bitcoin to consolidate between $55,000 and $75,000 over the next month before potentially bouncing higher towards the end of Q2, citing a “consolidation phase” in the crypto markets.
Solana has experienced a surge in NFT trading volumes, outpacing Bitcoin and Ethereum, while decentralized exchange (DEX) volumes on the network continue to decline, potentially affecting the market performance of SOL, the native cryptocurrency.
The cryptocurrency market witnessed a bearish downturn, with Bitcoin (BTC) dropping below $62,000 and Ethereum (ETH) extending below $3,000. While major altcoins like Solana (SOL) also plunged, XRP and Cardano (ADA) defied the trend with slight gains.
Grayscale’s Bitcoin Trust (GBTC) has seen inflows for the second consecutive day, breaking a four-month streak of outflows that resulted in over $17.5 billion in withdrawals. Despite GBTC’s net outflow, the overall spot Bitcoin ETF market in the U.S. maintains a positive balance sheet with significant inflows from other providers.
