Gems of Defi

🇺🇸 Lawmakers press SEC Chair Gensler to approve spot 🪙 Ethereum ETFs A group of bipartisan House lawmakers urged Securities and Exchange Commission Gary Gensler to approve spot Ethereum ETFs as the agency faces a deadline on Thursday to make a decision. The agency should apply the same "principles" as it did when spot Bitcoin ETFs were approved earlier this year, said House Majority Whip Tom Emmer, R-Minn.., Reps. French Hill, R-Ark., Josh Gottheimer, D-N.J., Mike Flood, R-Neb., and Wiley Nickel, D-N.C. in a letter sent to Gensler on Wednesday. Source 🔵 @EthereumNews 💰 @BitcoinNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 BTC surges 6% to touch $70k as Ethereum ETF rumors cause market frenzy Bitcoin (BTC) surged past the $70,000 mark on May 21, marking a significant milestone driven by a flood of investment into spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Ethereum (ETH) arguably led the rally over the past couple of hours — experiencing a staggering 14.5% rise within an hour on Monday amid speculation that the US SEC might approve spot Ethereum ETFs. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 Jack Dorsey's Block Will Reinvest 10% of Bitcoin Profits Into BTC Block, formerly known as Square, Inc, detailed a months-long plan during its earnings call Thursday to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services. “In April, Block implemented a Bitcoin dollar cost average (DCA) purchase program that will run through 2024,” the company said in a blog post. “Under the program, Block will be investing 10% of its gross profit from Bitcoin products into Bitcoin purchases.”. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

💰 Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

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💰 Bitcoin miner Marathon Digital targets its hash rate to double in 2024 Bitcoin miner Marathon Digital has raised its 2024 hash rate growth target in response to Bitcoin’s fourth halving event, which reduced miners’ block subsidy rewards from 6.25 BTC to 3.125 BTC. Starting 2024 with a total hash rate of around 24.7 exahash per second (EH/s) across its mining facilities, Marathon initially planned to increase its hash rate by around 46% during the year, targeting 35-37 EH/s. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

BREAKING: 💰 Bitcoin halving officially complete. 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews