ETH

The post CFTC Chairman Declares BTC and ETH are NOT Securities! appeared first on Coinpedia Fintech News We consider Bitcoin and ETH as a revolutionary technology and during a recent Senate Committee hearing, CFTC Chairman Rostin Behnam made significant declarations about cryptocurrencies. He reaffirmed that Bitcoin and Ethereum are commodities under the Commodities Exchange Act. This classification follows a recent ruling by an Illinois district court that upheld their status. According to Eleanor Terrett, a journalist at Fox Business, CFTC…

Bitcoin (BTC) has bounced back after falling to a day low of $53,591 on Friday and is moving towards $60,000. However, analysts have warned that markets will remain volatile for the foreseeable future.  Analysts have predicted that markets will have to absorb between $4 billion and $7 billion worth of BTC selling pressure in the middle of the year, which will weigh on prices as the year progresses.  Markets Recover, But Is Rally Short-Lived? The cryptocurrency market has rebounded, with…

The post Ethereum Regains $3000 Ahead of ETH ETF Launch, Here is When it May Reclaim $4000 appeared first on Coinpedia Fintech News After hitting the lows below $2900, a couple of times, the Ethereum price has managed to reclaim the pivotal range of $3000. Moreover, the second-largest crypto sustains above the gains, indicating a strong presence of bulls at these levels. Therefore, the ETH price is believed to maintain a healthy upswing hereafter and revive a fine ascending trend…

Lyra Finance partners with Ethena Labs to offer leveraged ETH exposure without initial capital risk. Ethena Labs’ stablecoin USDe gains utility through integration with Cloudbet and Bybit. Restaking derivative platform Lyra Finance announced in a recent tweet its partnership with Ethena Labs. By means of this partnership, users of the site have more ETH exposure without running any initial risk. While keeping their sUSDe returns when ETH prices remain constant, users may possibly make up to 2.5x their sUSDe returns…

Bitcoin faced intense selling pressure and volatility on Monday, dropping to a low of $54,337 and reaching a high of $58,284 before settling at $56,764. The price has recovered over the past couple of sessions and is currently trading above $57,000. Bitcoin’s recent performance has seen the cryptocurrency shed over 17% during the past month. Bitcoin (BTC) Back Above $57,000 Bitcoin (BTC) bulls managed to keep the price above $55,500, even though the cryptocurrency fell to day lows of $53,591…

The post After BTC and ETH, Solana ETF is Finally Launching! appeared first on Coinpedia Fintech News Two hours ago, the head of digital assets research at VanEck, Matthew Sigel, informed twitter that CBOE has filed their 19b-4 form for Solana ETF. Source : Twitter Things are getting really serious about the Solana ETF this week. Investment giants VanEck and 21Shares are making a big move by filing 19b-4 forms with the U.S. Securities and Exchange Commission (SEC) to launch…

Bitcoin (BTC) continued to drop over the weekend despite a sharp bounce on Saturday, which saw the cryptocurrency climb back above $58,000. However, selling pressure pushed the price back down, with BTC trading around the $55,600 mark.  The sudden drop in the price of BTC can be attributed to a couple of major factors that have led to panic selling, although Saturday’s rebound indicates strong demand at lower levels.  A Market In Panic  Bitcoin (BTC) has dropped to levels not…

Three Ethereum altcoins – Floki Inu (FLOKI), Pepe (PEPE), and Shiba Inu (SHIB) have been tipped for significant returns after the Ether ETF approval. According to data, FLOKI could surge by 222%, Shiba Inu by 65%, and Pepe by 200% by July 28.  On May 23, the US Securities and Exchange Commission (SEC) took the first step to approve spot Ethereum (ETH) Exchange-Traded Funds (ETFs), pending the subsequent approval of the amended S-1 documents for trading to commence. According to…

The post Why is the Ethereum Price Dropping? Will ETH ETF Approval Bring Reversal? appeared first on Coinpedia Fintech News Right now, Ethereum is going through a tough situation. Its price has fallen to a severe low of $2,875. In the last 24 hours alone, it has witnessed a fall of over 10.2%. This month is very crucial for Ethereum. There were reports that the Spot Ethereum ETFs would be launched in July 2024. The US Securities and Exchange Commission…