Shares in Nvidia reached a record high during Wednesday’s post-market hours after the company beat analyst estimates to report record revenue of $26.04 billion for the first quarter. The rally might be a positive signal for cryptocurrencies, including tokens supposedly associated with AI technology. This is because, historically, the inflow of money into the crypto market and the so-called AI coins has been partly contingent on outsized gains in NVDA and the tech-heavy Nasdaq index. Top AI coins such as FET, ICP, RNDR and GRT traded mixed, having rallied in…
Tag: Ether
Ether (ETH) Spot ETF Approval Would Raise Expectations That Solana (SOL) Could Also Be Classified a Commodity: Bernstein
“Long term, we do believe, should Trump get elected, crypto could see significant legislative and agency support (with a new SEC chair), to usher in long-lasting structural changes in crypto financial integration,” analysts Gautam Chhugani and Mahika Sapra wrote. Source
Bitcoin (BTC), Ether (ETH) in Stasis as SEC ETF Decision Looms, Nvidia (NVDA) Hits Record High
“The SEC should approve U.S.-listed ETH ETFs today. Hours before the Bitcoin ETF approval, SEC Gensler tweeted that crypto investors should consider all potential risks before making any investment. Today, a tweet could come around 9 a.m. ET. and would provide more clarity on whether approval would be imminent,” Markus Thielen, founder of 10x Research, said in a note to clients. Original
Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Ether (ETH) Price Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
“Lyra options markets are implying a ~20% chance of ETH reaching $5,000 by June 28,” Nick Forster, Lyra’s founder and a former Wall Street options trader, told CoinDesk in an email. “There is a 20% chance of ETH moving above $5,500 by July 26, as traders have increased positioning post the ETF speculation.” Source
WisdomTree (WT) Gets Green Light to List Bitcoin (BTC), Ether (ETH) ETPs on LSE
The FCA introduced a ban on crypto derivatives products including ETPs in January 2020. However, with such products being widely available in Europe for several years and following the U.S. spot ETFs listing approvals, the regulator adjusted its stance. It is keeping the ban in place for for retail investors. Source
Ether Market Cap Adds Close to an Entire Solana Blockchain in a Single Day
SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be. Source
Ether ETF Approval Imminent? SEC Asks 3 Exchanges to Amend Filings: Report
The expectation for the approval of an Ether exchange-traded fund (ETF) is heightened as the Securities and Exchange Commission (SEC) asked Nasdaq, CBOE, and NYSE to amend their applications for the crypto instrument by the end of Tuesday, Reuters reported. Bringing Enthusiasm among Crypto Investors Although there is no official confirmation, the regulator’s reported approach to the exchange has sparked enthusiasm in the crypto markets, as the dollar value of Ether has jumped significantly in the past couple of days. Ether ETF hopes are revived on flurry of application updates…
Cboe Publishes Amended Spot Ether ETF Filings as Industry Renews Approval Hopes
While the 19b-4 forms might be approved as soon as this Thursday – when the first one, an application by VanEck and Cboe, faces a final deadline – the spot ether ETFs can’t launch until the SEC also approves the S-1 forms filed by the issuers themselves. There appears to be less movement on this front than with the 19b-4 filings. A few applicants have already begun revising their S-1 forms, however. Source
Bitcoin (BTC) and Ether (ETH) Among Cryptos to be Accepted By Trump Campaign
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…