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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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Cryptocurrency trader Wazz Crypto discusses the challenges Solana (SOL) will face in outperforming Ethereum (ETH) due to factors like inflation rates, supply overhang, and Ethereum's institutional advantage. Despite Solana's on-chain activity, Ethereum's potential ETF approval and robust DeFi ecosystem make it a more stable investment.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 6:38 pm

Cathie Wood's prediction that cryptocurrency will be a significant issue in the 2024 U.S. presidential election appears to be coming true. Both Trump and Biden are adjusting their stances on crypto, with Trump accepting crypto donations and Biden showing signs of regulatory cooperation. This shift could influence young voters, who are increasingly prioritizing cryptocurrency policies.

Portfolio Pulse from Chris Katje

May 23, 2024 | 5:21 pm

The DeFi Villain predicts that the approval of an Ethereum spot ETF could reignite 'animal spirits' in the crypto market, reminiscent of the 2021 alt-season bull run. This could lead to significant price movements in various altcoins.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 4:27 pm

The cryptocurrency market experienced a significant downturn as investors awaited the SEC's decision on Ethereum ETFs. Bitcoin dropped by over $2,000, while Ethereum saw a brief dip due to a large sell-off by Symbolic Capital Partners. Market volatility is driven by uncertainty surrounding the SEC's decision, which could either boost or dampen investor confidence.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 2:58 pm

The article covers a range of topics including the drop in Bitcoin, Ethereum, and Dogecoin due to inflation concerns, Ethereum's significant market cap gains, and the reactivation of dormant crypto wallets. It also discusses the potential approval of an Ethereum spot ETF, Nancy Pelosi's vote for a crypto bill, and various political and economic updates. Additionally, it highlights Nvidia's positive market impact, Tesla's hiring and production strategies, and Google's acquisition of HubSpot.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 2:33 pm

Ondo Finance (ONDO) is being highlighted as a strong Ethereum (ETH) beta ahead of the Spot Ethereum ETF decision. BlackRock's CEO Larry Fink has hinted at the tokenization of financial assets, and Ondo Finance has shifted its OUSG token backing to BlackRock’s BUIDL tokenized fund. Ondo Finance's total value locked peaked at $453 million, and large transaction volumes have surged.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 2:33 pm

The SEC faces a crucial deadline today regarding the approval of Ethereum ETFs, with VanEck's application being a focal point. Analysts are optimistic about approval, but trading will not commence immediately due to additional regulatory steps. VanEck advocates for a 'first-come, first-served' approach, criticizing the SEC's simultaneous approval strategy for Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 2:07 pm

The financial markets are anticipating the approval of the Ethereum (ETH) ETF, sparking discussions about potential future crypto ETFs for Solana (SOL) and Dogecoin (DOGE). Regulatory hurdles and market sentiment suggest a challenging path for a SOL ETF, while political pressure may favor a DOGE ETF. The upcoming Benzinga Future of Digital Assets event will provide insights into these developments.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 1:41 pm

Coinbase is expected to benefit from the introduction of Ether ETFs, which could drive increased trading volumes and revenue for the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:28 pm

SEC Chair Gary Gensler did not comment on the SEC's plans regarding an Ether ETF at a recent DC event. He emphasized that the SEC is committed to following the law on crypto ETF bids.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:19 pm

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