Author: News Room

According to breaking information, the SEC decided to postpone the application of Hashdex, one of the Ethereum Spot ETF applicant companies. The Nasdaq exchange filed with the SEC to list the Hashdex Nasdaq Ethereum ETF in September. The fund is managed and controlled by Toroso Investments, which is registered as a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. “The fund will hold a mix of Spot Ether, Ether Futures Contracts and cash, rather than holding 100% spot Ethereum, which could make it more susceptible to price manipulation in the…

Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won’t get approved in May. Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a green light. Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products. “We now believe these will ultimately be denied on May 23rd for this round,” Bloomberg Intelligence ETF analyst James Seyffart wrote in a post on X on Tuesday. Seyffart and…

The Ethereum (ETH) price is consolidating either side of the $3,300 level, down roughly 6.5% on the day as investors take profit following the crypto’s recent run higher, and amid chatter that Ether ETFs are unlikely to gain approval in May. “We now believe these will ultimately be denied May 23rd,” Bloomberg’s ETF analyst James Seyffart said in a tweet. “The SEC hasn’t engaged with issuers on Ethereum specifics,” he explained. My cautiously optimistic attitude for ETH ETFs has changed from recent months. We now believe these will ultimately be denied May 23rd for this round. The SEC hasn’t engaged…

Ethereum price extended its decline below $3,200. ETH is struggling and it seems like the bears are now aiming for a move toward the $3,000 support zone. Ethereum started a downside correction below the $3,350 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,420 and $3,500 resistance levels. Ethereum Price Breaks Support Ethereum price remained in a short-term bearish zone below the…

James Seyffart, Bloomberg’s veteran ETF analyst, recently expressed a change in perspective regarding the approval of Ethereum Spot ETFs. Seyffart, who previously held a cautiously optimistic view, now believes these ETFs will ultimately be rejected. In a recent statement, Seyffart said, “We will likely see at least 3 more Ethereum ETF delays today or tomorrow. VanEck, Ark/21Shares, Hashdex, and Grayscale are expected to delay in the next approximately 12 days.” He also added that Hashdex and Ark/21Shares applications have already been delayed by the SEC. Referring to the latest postponements, Seyffart emphasized that he knew that these would always be…

In a groundbreaking move, FLOKI in a post on X has announced that it has forged a strategic alliance with Carbon Browser, a leading Web3 browser. The partnership is set to revolutionize FLOKI’s visibility and utility and has sparked a price surge after the 34% drop over the past week. FLOKI’s partnership with Carbon Browser Floki’s partnership with Carbon Browser marks a pivotal moment in its journey toward widespread adoption and recognition. With over 7 million downloads, Carbon Browser boasts a massive user base of digitally savvy individuals. Through the collaboration, Floki secures prominent placement on Carbon Browser’s platform, including…

Crypto aggregators and on-chain providers seem to provide contradictory information concerning the WLD token supply, prompting concerns regarding the accuracy of the data. In an X post on Mar. 20, Nansen CEO Alex Svanevik pointed out a significant difference between Worldcoin‘s reported circulating supply of the WLD token and the data displayed on Optimism, where tokens were migrated from Ethereum in 2023. Svanevik compared data from crypto aggregator CoinGecko and the Optimism bridge protocol, uncovering a discrepancy of nearly 10 million WLD tokens in the circulating supply. am I crazy or is the @worldcoin circulating supply wrong from their API…

Alchemy Pay, a popular payment gateway that converts fiat to cryptocurrency, partnered with the Japanese blockchain platform Astar Network. This partnership aims to boost global connectivity and cryptocurrency use. Astar’s blockchain technology and a native token $ASTR will make buying $ASTR with fiat currency easier on Alchemy Pay’s Ramp platform. This will open up and improve the cryptocurrency ecosystem. Earlier, Alchemy Pay partnered with Fusionist to streamline $ACE tokens. .#AlchemyPay is collaborating with @AstarNetwork to integrate Astar zkEVM & its native token ASTR on our Ramp.It will expand accessibility & enhance the user experience for those seeking to engage with…

The US SEC has delayed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), recent regulatory filings show.The delays affect proposals from investment firms, including VanEck, Ark Invest, Hashdex, and Grayscale — which has added a staking component to its ETH ETF application along with Fidelity — sparking discussions about the future of crypto ETFs in the US.Lower odds of approvalBloomberg ETF analyst James Seyffart, who has been closely monitoring the developments, expressed a shift from his previously cautiously optimistic outlook regarding the approval of Ethereum ETFs.He noted that the SEC’s lack of engagement on Ethereum-specific issues contrasts…

VNX, a company based in Liechtenstein, has issued the first stablecoin anchored to the Swiss Franc on the Stellar network. Moreover, at the launch of the new stablecoin VNX Swiss Franc (VCHF), it joins VNX Euro (VEUR), both accessible on the crypto-exchange BitStamp. VNX launches stablecoins on the Stellar network anchored to the Euro and the Swiss Franc VNX: the first stablecoin on the Stellar network anchored to the Swiss Franc OKX and the removal of the USDT stablecoin for users in Europe VNX launches stablecoins on the Stellar network anchored to the Euro and the Swiss Franc VNX, a…