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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 White House will not issue a veto threat against the FIT for the 21st Century Act, a significant crypto market structure overhaul bill. This is seen as a major win for crypto supporters in Congress.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:19 pm

The article discusses the potential approval of an Ethereum (ETH) ETF and its implications. Crypto trader Evanss6 highlights known factors such as the likelihood of approval and Grayscale's significant Ethereum holdings. Unknown factors include the exact timeline for the ETF launch and macroeconomic conditions. The trader draws parallels to the Bitcoin ETF approval process and suggests that conservative expectations for Ethereum ETF inflows could lead to positive surprises.

Portfolio Pulse from Khyathi Dalal

May 22, 2024 | 2:09 pm

Today's top headlines include a significant surge in Shiba Inu's burn rate, Tesla's new Model 3 exceeding expectations, and Wall Street's cautious stance ahead of Nvidia's earnings. Additionally, Uber and Lyft are preparing for pay increases in Minnesota, and Akoustis experiences a dramatic pre-market rise amid bankruptcy fears.

Portfolio Pulse from Akanksha Bakshi

May 22, 2024 | 1:54 pm

Bloomberg analyst James Seyffart indicated that the launch of spot Ethereum ETFs could still be weeks away, despite recent filings by issuers like Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin. The primary change in these filings was the removal of staking-related content. The approval odds remain at 75%, but the SEC's extensive review process could delay the launch.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 12:20 pm

Bitcoin spot ETFs have seen a seventh consecutive day of inflows, totaling $306 million on May 21. BlackRock’s iShares Bitcoin Trust (IBIT) led with a $290 million inflow, while Fidelity Wise Origin Bitcoin Fund (FBTC) saw a $26 million inflow. Grayscale’s Bitcoin Trust (GBTC) had no net inflow. The total net asset value of all Bitcoin spot ETFs reached $58.910 billion, coinciding with Bitcoin prices climbing above $70,000.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 11:47 am

Canaccord Genuity reaffirms its 'Buy' rating for Galaxy Digital Holdings (OTC:BRPHF) with a CA$17.00 price target, following a strong Q1 2024 performance. Galaxy Digital reported a 40% increase in net income, significant growth in trading and asset management segments, and expansion in its mining infrastructure.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 11:13 am

Former President Donald Trump has profited significantly from the recent cryptocurrency rally, with his portfolio now worth $8.65 million. His largest holdings include Maga Coin and Ethereum, which saw substantial increases in value. Trump's pro-crypto stance is also a key part of his ongoing election campaign.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 9:35 am

Ethereum co-founder Vitalik Buterin has criticized the push for superintelligent AI, particularly targeting OpenAI's $7 trillion investment plan. He advocates for decentralized AI models running on consumer hardware to mitigate risks associated with centralized power.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 6:50 am

Top crypto analyst Michaël van de Poppe suggests that the approval of spot Ethereum ETFs by the SEC is unlikely this week, predicting a delay until July/August. Despite a 75% approval chance, the presence of ETH staking in applications could cause delays. Several applicants have amended their filings to remove staking, potentially improving approval chances.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 5:52 am

Peter Schiff, a known Bitcoin critic, suggested that the approval of Ethereum spot ETFs could negatively impact Bitcoin by diverting investments from Bitcoin ETFs to Ethereum ETFs. Bitcoin proponents disagreed, emphasizing Bitcoin's market dominance and the potential for increased overall investment in cryptocurrencies. Bitcoin recently saw significant inflows into its spot ETFs, despite a slight price drop.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 3:59 am

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