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π Flash-New: The US House of Representatives passes a bill prohibiting the Fed from issuing a central bank digital currency (CBDC). πΊπΈ (Bitcoin Magazine)
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π The SEC is expected to make its decision to approve one or more of the Ethereum Spot ETF applications this evening after Wall Street closes, according to an ETF issuer source. πΊπΈ (The Block)
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π Asked about the SEC's decision on Ethereum Spot ETFs, Gary Gensler replied: "Stay tuned." πΊπΈ (Watcher Guru)
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π Flash-New: Coinbase once again allows its New York users to trade XRP after suspending trading in January 2021 due to the SEC vs Ripple Labs situation. πΊπΈ (The Block)
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π Several members of US Congress are urging the SEC to approve Ethereum Spot ETFs. πΊπΈ (Eric Balchunas)
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New ATH for Pepe!
πΈ Memecoin has reached a new all-time high thanks to the excitement surrounding the Ethereum ETF.
π€© One lucky trader experienced an incredible ROI of 958,580x: he bought PEPE for $83 in April 2023 and hasn't sold a single token since.
π° His current balance stands at an incredible $79.4 million.
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π₯ The US Securities and Exchange Commission (SEC) has requested that exchanges like Nasdaq, CBOE, and NYSE π update their applications for spot ether ETFs.
This move is seen as a positive sign π for the potential approval of these ETFs, which would allow investors to trade ether through traditional financial markets.
The decision is expected tomorrow β³, with the potential for a significant price increase (pump) π if approved, or a decrease (dump) π if rejected.
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π Flash-New: Donald Trump is now accepting cryptocurrency donations for his presidential campaign. πΊπΈ (db)
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π₯BREAKING: There is now a 70% chance that the Spot #Ethereum ETF will be approved!
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The SEC is considering "relatively minor" updates to the 19b-4 forms for Ethereum spot ETFs. Potential approval by May 22. πͺ For Ethereum ETFs to operate, approval is needed for the 19b-4 forms and the S-1 registration statements. ποΈ (source: theblock)
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π $272 million in short positions were liquidated in the crypto market in the last 24 hours. (Coinglass)
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π Eco & crypto news
β οΈ All content broadcast on this channel is for informational and indicative purposes and does not in any way represent investment advice!
https://t.me/horsecrypto
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π ETF analysts at Bloomberg estimate that there is now a 75% chance that the SEC will approve Ethereum Spot ETFs soon. πΊπΈ (Eric Balchunas)
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π 937 financial companies invested in Bitcoin Spot ETFs in the 1st quarter of 2024, i.e. 10 times more than for the first quarter of Gold ETFs. (Watcher Guru)
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π The Solana blockchain is 46 times faster than the Ethereum blockchain. (CoinGecko)
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π Which countries have the most crypto degens?
In first place, we find the United States, which accounts for 16.8% of the global interest in small marketcap cryptocurrencies.
The podium is completed by the United Kingdom with 6.2% and the Philippines with 5.1%.
π«π· France ranks 4th with 4.4% interest according to CoinGecko.
In total, 6 EU member countries rank among the top 25 most degen countries in terms of #crypto.
πCoingeko
