Cathie Wood’s Ark Invest was the first company to seek permission to create a spot ether ETF in September, a pioneer who blazed the trail before a wave of other high-profile applicants. It has since dropped out of the race, likely because of the incoming intense fee battle, experts say. Author: Helene Braun
Archives for June 2024
Crypto Remains Sidelined as EU Election Kicks Off
The election for new members of the European Parliament starts June 6, with results expected on June 9. The more than 700 MEPs shape and decide on new laws, and will be voted in as the EU’s landmark Markets in Crypto Assets legislation starts coming into effect. Author: Camomile Shumba
VanEck Sees Ether Hitting $22K by 2030
Ether’s 2030 valuation is forecasted at $2.2 trillion, driven by $66 billion in free cashflows and $15 trillion TAM potential, VanEck writes Author: Sam Reynolds
Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices
One market observer noted “very concentrated call buying” looking to profit from a rally to between $74,000 and $80,000 by the end of this month. Author: Krisztian Sandor
Did a Single Trump NFT Purchase Change Washington’s Mind on Crypto?
Valentin Pletnev couldn’t use his ticket for a Mar-a-Lago Trump gala, so prominent crypto figure Ryan Selkis went instead. Neither expected the U.S. policy whirlwind that followed, but even as Pletnev upgrades his DeFi platform to promote ‘Yield for All,’ it still won’t be available in the country. Author: Sam Kessler
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