The US Securities and Exchange Commission (SEC) has announced a further delay in its decision-making process regarding the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). In a recent filing, the SEC extended the deadline for its decision to July 5, 2024, citing the need for additional time to evaluate the
Yoav Weiss, an Ethereum (ETH) developer, has detailed the Ethereum team’s goal of improving smart contract interactions with dApps via the creation of a standard called ERC-4337. This standard makes it possible for Ethereum smart contract crypto wallets to function, whereby smart contracts, rather than externally owned accounts (EOAs), manage
The U.S Securities and Exchange Commission’s (SEC) judgment on Ethereum ETFs is imminent, and professionals in the field are becoming more skeptical. Crypto analyst Michaël van de Poppe has voiced his skepticism on the May approval of Ethereum Spot ETFs, taking the lead in the discussion. Michael Saylor, CEO of
Hong Kong’s extraordinary inflows of capital have thrust the region into the limelight, while the rest of the world’s digital asset ETF market has suffered losses during the previous week. As of now, the weekly flows in the Asian crypto ETF market are surpassing those in the U.S. Spot Bitcoin
Amidst a challenging period for cryptocurrency markets, Ethereum has witnessed a notable resurgence, propelled by the launch of Ethereum-focused exchange-traded funds (ETFs) in Hong Kong. The recent surge in Ethereum’s price trajectory followed a dip below the critical $3,000 mark, mirroring Bitcoin’s downward trend. The Hong Kong spot market welcomed
A strong Bitcoin advocate, Michael Saylor, executive chairman of MicroStrategy, has said that Ethereum is a security rather than a commodity. At the MicroStrategy World 2024 conference on Thursday, May 2, he made some remarks on ETH. Michael Saylor did not stop at criticizing Ethereum and labeling it a security;
As the crypto market continues to experience volatility, the options market is gearing up for a significant expiration event. On May 2nd, 2024, 23,000 Bitcoin (BTC) options contracts with a notional value of $1.4 billion are set to expire. The Put Call Ratio for these options is 0.49, indicating a
While the big names usually make rounds in the Crypto Space, more often than not, new challengers are usually the ones that attract the spotlight of Market Experts because of their rich potential for upside growth.In the present market phase, Hump (HUMP) has garnered support having caught the attention of
Vitalik Buterin, co-founder of Ethereum, has discussed at a new cryptographic proof method that would make zero-knowledge proofs more efficient. A method for fast cryptographic proofs over binary fields, “Binius,” was detailed in a blog post by Buterin on April 29. The system aspires to achieve substantial performance improvements over
On Tuesday, the six new spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong recorded a trading volume of over HK$87.5 million ($11.2 million). This is in stark contrast to the $4.6 billion first-day volume recorded in January by the eleven spot bitcoin ETFs in the US. According to
