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Digesting the ETH ETF decision: What it means and what comes next
Digesting the ETH ETF decision: What it means and what comes next

Amended S-1s from all prospective issuers could come by late next week, a person familiar with the filings told Blockworks

Blockworks·2024/05/24 23:16
ETH sees modest gains following Ethereum ETF approvals, notes $80 million in long liquidations
ETH sees modest gains following Ethereum ETF approvals, notes $80 million in long liquidations

Ethereum traded at $3,740 as of 4:00 p.m. ET (20:00 UTC) on May 24, a 1.76% increase in the past day. The trend suggests that spot Ethereum ETF optimism is continuing to buoy ether, which defied the broader crypto market downturn yesterday.

The Block·2024/05/24 21:01
UK court jails woman for laundering $10 million worth of bitcoin tied to alleged $5.6 billion fraud: report
UK court jails woman for laundering $10 million worth of bitcoin tied to alleged $5.6 billion fraud: report

Jian Wen was sentenced to six years and eight months in jail for laundering 150 BTC tied to a $5.6 billion investment fraud.

The Block·2024/05/24 19:37
Dogecoin price pops and drops after Kabosu's death, Elon Musk tweet
Dogecoin price pops and drops after Kabosu's death, Elon Musk tweet

Kabosu, the face of dogecoin, passed away earlier this morning at an estimated age of 18, its owner said.About $2.8 billion worth of doge has been traded over the past 24 hours.

The Block·2024/05/24 18:56
JPMorgan expects spot Ethereum ETFs to begin trading 'well-ahead of November'
JPMorgan expects spot Ethereum ETFs to begin trading 'well-ahead of November'

Trading of spot ETH ETFs is expected to begin well before November, according to JPMorgan analysts.The analysts also shared their view on the crypto FIT 21 bill, saying its chances of passing the Senate are lower.

The Block·2024/05/24 15:13
Flash
04:04
Bitwise CEO: Crypto Investors Should Take a Long-Term View, Focus on Fundamentals Over Short-Term Volatility
BlockBeats News, June 8th, Bitwise CEO Hunter Horsley stated that participants in the crypto industry should "take a longer-term perspective." Unless they are short-term traders, investors should not focus too much on weekly or monthly price fluctuations. Instead, the focus should be on two aspects: the substantive progress of the project itself and the performance on a longer-term annual basis. This includes on-chain usage, technological progress with product-market fit, integration of major corporations and institutions in the field, development and implementation progress, as well as core factors such as team quality and execution ability. Although the market will not follow a linear development path, from 2022 to 2026, the industry fundamentals are continuously and significantly improving. Investors should recognize that this is a long-term process, and the ultimate outcome will be determined by fundamentals.
03:55
Whale pension-usdt.eth Increases Short Position by 10,000 ETH Worth $16.8 Million
On June 8, according to monitoring by Lookonchain, despite the market beginning to rebound, pension-usdt.eth has maintained a bearish stance. Nine hours ago, he added another 10,000 ETH short position (approximately $16.8 million), bringing his total short position to 60,000 ETH (about $101 million). Notably, pension-usdt.eth has now recorded 22 consecutive profitable trades, with total profits exceeding $45 million.
03:50
Trader Loracle's ZEC Long Position Shows Unrealized Gain of Over $2.8 Million
BlockBeats News, June 8th, according to Onchain Lens monitoring, with ZEC rebounding, trader Loracle's ZEC 10x long position is currently sitting on a floating profit of over $2.8 million. However, their positions in HYPE, NEAR, WLD, TON, ASTER, and XMR are still significantly in the red.
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