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Ethereum / US Dollar

https://ethereum.org

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Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

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The SEC has approved the first Ethereum spot ETFs in the U.S., which could lead to a 60% surge in Ethereum's value, according to QCP Capital. This approval is expected to bring significant changes to the cryptocurrency market, including increased mainstream investor access and potential political implications.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 9:26 am

Kabosu, the Shiba Inu dog that inspired Dogecoin and other dog-themed cryptocurrencies, has passed away at the age of 18. The news has saddened the cryptocurrency community, with notable figures like Elon Musk and Vitalik Buterin expressing their condolences.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 9:11 am

SEC Chair Gary Gensler did not participate in the decision to approve the first-ever spot Ethereum ETFs in the U.S. The SEC’s Trading and Markets Division approved the forms for several spot Ethereum ETFs from companies like BlackRock, Fidelity, and Grayscale. This decision was made under delegated authority, unlike the approval process for spot Bitcoin ETFs, which involved a vote by the commissioners.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 6:40 am

The Winnie the Pooh-themed cryptocurrency, POOH, surged 46% in the last 24 hours, driven by a proposal to burn 13 Ether worth of POOH. This comes amid sluggish performance from major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 5:28 am

The SEC has approved the first-ever spot Ethereum (ETH) ETFs in the U.S., marking a significant milestone for the cryptocurrency industry. Ethereum's creator, Vitalik Buterin, was inspired to develop decentralized systems after a negative experience with the centralized control in the game World of Warcraft. Ethereum is now one of the most invested projects globally, with a total locked value of over $65 billion and a market cap surpassing major companies like Mastercard and Oracle. ETH is currently trading at $3,800.76, up 1% in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 3:54 am

Ethereum Classic (ETC) outperformed Ethereum (ETH) on the day the first-ever Ethereum spot ETFs were approved in the U.S. ETC gained nearly 9% while ETH saw a modest 1.56% increase. ETC's trading volume tripled, reaching over $1.5 billion.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 3:05 am

The SEC has approved the first Ethereum spot ETFs in the U.S., leading to mixed reactions in the cryptocurrency market. Ethereum showed slight gains, while Bitcoin and Dogecoin faced declines. The overall market cap dropped by 1.72%. Analyst opinions are mixed, with some expressing confidence in Bitcoin's rebound and others predicting a short-term correction for Ethereum.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 1:50 am

The SEC has approved the first spot Ethereum ETFs, a move expected to boost mainstream adoption of cryptocurrency. Major financial institutions like BlackRock, Grayscale, and Bitwise are among those who filed for these ETFs. This approval is anticipated to attract significant institutional investment into Ethereum, potentially driving up its market value.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 9:28 pm

Cryptocurrency markets are slightly down as the Ethereum ETF decision looms. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading lower. The S&P Global US Services and Manufacturing PMIs have risen, exceeding market expectations. Charles Schwab's survey shows traders view cryptocurrencies as risky, and the House passed a bill to ban the Federal Reserve from establishing a CBDC. Bitcoin long liquidations peaked at a two-week high, and notable developments include Wisconsin becoming the first state to buy Bitcoin.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 8:31 pm

Prominent figures in traditional finance, including Ken Griffin, Carl Icahn, Stanley Druckenmiller, Ray Dalio, Jamie Dimon, Paul Tudor Jones, and Larry Fink, have expressed interest in Ethereum (ETH), highlighting its potential as a store of value, payment system, and industrial digital asset. The upcoming decision on spot Ethereum ETFs could shift focus from Bitcoin (BTC) to Ethereum.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 7:07 pm

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